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14 January 04:08 AM

Sector News

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28 September 2025 06:49 PM Saudi Networker Services eyes moving shares to TASI
Riyadh - Mubasher: The board of Saudi Networkers Services Company (NSN) has approved transferring its shares from the Parallel Market (Nomu) of the Saudi Exchange to the Main Market (TASI) on 25 September 2025. The move is subject to the Capital …
Board of Directors
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28 September 2025 05:58 PM solutions inks SAR 313.5m agreement with stc
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a SAR 313.39 million contract with Saudi Telecom Company (stc) on 25 September 2025. The 36-month deal aims to expand and develop stc’s internet and …
Companies Investments
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24 September 2025 01:46 PM 2P Perfect Presentation awarded SAR 100m project contract
Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) has been awarded a SAR 100 million contract by the General Organization for Social Insurance (GOSI). The deal, which covers the establishment of …
Companies Investments
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12 June 2025 08:32 PM Anmat Technology inks SAR 111.5m contracts with Elm, Saudi government
Riyadh - Mubasher: Anmat Technology Company has signed two contracts to carry out major contracting works for the Riyadh Municipality region, with a combined value of SAR 111.41 million. The first agreement, signed with Elm Company, was valued at …
Companies Investments
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11 June 2025 02:21 PM Knowledge Net’s board recommends 50% capital raise
Riyadh – Mubasher: Knowledge Net Company announced the board’s recommendation for a 50% capital hike to SAR 52.50 million from SAR 35 million. The Saudi firm will grant one bonus share for each two owned shares, according to a bourse disclosure. …
Board of Directors
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27 April 2025 04:22 PM solutions reports higher profits at SAR 361m in Q1-25
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) achieved net profits amounting to SAR 361 million in the first quarter (Q1) of 2025. The recorded new profits were higher by 2.26% year-on-year (YoY) than SAR 353 …
Financial Results
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23 April 2025 00:50 PM solutions, stc sign SAR 142.5m contract
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a SAR 142.40 million deal with Saudi Telecom Company (stc) on 21 April 2025, according to a bourse filing. The deal covers establishing and developing the …
Companies Investments
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6 April 2025 00:34 PM Elm secures SAR 1.9bn loan from SNB
Riyadh – Mubasher: Elm Company penned a Shariah-aligned facility agreement valued at SAR 1.90 billion with The Saudi National Bank (SNB) on 27 March 2025. The Saudi company aims to finance corporate expansion and acquisitions, according to a …
Companies Investments
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2 March 2025 01:14 PM Elm’s consolidated profits cross SAR 1.8bn in 2024; dividends announced
Riyadh – Mubasher: Elm Company recorded consolidated net profits after tax valued at SAR 1.82 billion in 2024, higher by 34.66% than SAR 1.35 billion in 2023. Revenues jumped by 25.58% year-on-year (YoY) to SAR 7.40 billion at the end of December …
Financial Results
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17 February 2025 10:05 AM solutions’ net profits cross SAR 1.5bn in 2024; dividends announced
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) registered a 33.98% year-on-year (YoY) leap in net profit to SAR 1.59 billion during 2024, versus SAR 1.19 billion. The group’s revenues stood at SAR 12.06 billion …
Board of Directors
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13 February 2025 10:16 PM Listed digital solutions provider Elm concludes participation in LEAP 2025 with multiple strategic agreements
Riyadh – Mubasher: Elm Company concluded its participation in LEAP 2025, which was held in Saudi Arabia from 9 to 12 February, where it showcased a wide range of its innovative digital solutions. Elm signed multiple strategic agreements with …
Companies Investments
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12 February 2025 11:50 PM Elm joins forces with Lean Business Services at LEAP 2025 to advance digital transformation
Riyadh – Mubasher: Elm Company has signed a memorandum of understanding (MoU) with Lean Business Services to strengthen Saudi Arabia's healthcare sector and related industries through a wide array of innovative digital services and products. The …
Global Economy
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12 February 2025 08:49 PM Elm to raise ownership in Smart National Solutions upon sheet signed during LEAP 2025
Riyadh – Mubasher: Digital solutions provider Elm Company has signed a preliminary term sheet to increase its ownership in Smart National Solutions (SNS) to 40%, according to a press release. This strategic move, which was announced on the …
Global Economy
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11 February 2025 08:15 PM Elm aims to leverage LEAP 2025 reputation as global platform while partaking as Strategic Sponsor
Riyadh – Mubasher: Elm Company is demonstrating its wide range of cutting-edge platforms and innovations as a strategic sponsor of LEAP 2025 while aiming to leverage the event’s robust reputation as a global platform that attracts creative minds …
Global Economy
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10 February 2025 06:43 PM Elm forges partnerships with Salam, Klues.AI at LEAP 2025
Riyadh – Mubasher: Elm Company signed partnership agreements with Etihad Salam Telecom Company and Klues.AI on the sidelines of the fourth edition of the LEAP conference, according to a press release. Elm and Salam will join forces to deliver …
Global Economy
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10 February 2025 09:51 AM stc launches upsource by solutions at LEAP 2025
Riyadh – Mubasher: Saudi Telecom Company (stc) has launched upsource by solutions, the new identity of the group’s Contact Center Company (CCC) specialised in business outsourcing, according to a press release. The launch, announced at the LEAP …
Companies Investments
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4 February 2025 05:17 PM Edarat Group logs SAR 104.5m revenue in 2024; net profit surges 40% YoY
Riyadh – Mubasher: Edarat Communication and Information Technology Company (Edarat Group) reported a net profit of SAR 24.66 million in 2024, which marked a 41.98% year-on-year (YoY) surge from SAR 17.37 million. Edarat Group’s revenue increased …
Financial Results
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3 February 2025 00:16 PM MIS obtains SAR 1.6bn loan from Banque Saudi Fransi
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) secured a SAR 1.64 billion sharia-compliant facility from Banque Saudi Fransi, according to a bourse disclosure. The company will use the proceeds of the facility deal for invoice …
Companies Investments
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2 February 2025 08:59 PM MIS enters into nearly SAR 59m AI deal with SDAIA
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has signed a contract with the Saudi Authority for Data and Artificial Intelligence (SDAIA) to enhance and strengthen the AI network project. The contract, valued at SAR 58.63 million …
Companies Investments
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23 January 2025 01:25 PM PIF enters into agreement for Elm to acquire THIQAH in $907m deal value
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has signed a share sale and purchase agreement for Elm Company to acquire the PIF-owned Thiqah Business Services Company (THIQAH) in a deal value worth $907 million, equivalent to SAR …
Companies Investments
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20 January 2025 07:31 PM Elm partakes as strategic partner in Hajj Conference 2025, has potential for regional growth
Riyadh – Mubasher: Elm Company has participated as the strategic partner of the Hajj Conference and Exhibition 2025, which took place in Jeddah on 13-16 January 2025, according to a press release. The event aims to bolster communications and …
Global Economy
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6 January 2025 07:44 PM MIS awarded nearly SAR 102m deals with Saudi government
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) was awarded two project contracts from the Ministry of Health at a combined value of SAR 101.82 million, including VAT, covering 38 hospitals in Saudi Arabia. The projects focus on …
Companies Investments
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18 December 2024 07:17 PM SAL backs Saudi Arabia’s logistics sector via strategic partnerships
Riyadh – Mubasher: SAL Saudi Logistics Services Company announced a series of strategic partnerships at the Supply Chain and Logistics Conference that was held during 15-16 December 2024. In line with Saudi Vision 2030, the partnerships aim to …
Companies Investments
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17 December 2024 05:02 PM Elm partakes in Supply Chain and Logistics Conference 2024
Riyadh – Mubasher: Elm Company, the digital solutions pioneer, participated as a strategic partner in the 6th edition of the Supply Chain and Logistics Conference 2024, which was held on 15-16 December at the Hilton Riyadh Hotel, according to a …
Companies Investments
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11 December 2024 02:33 PM solutions, stc ink joint agreement exceeding SAR 151m
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) penned, on 10 December, a joint deal valued at SAR 151.17 million. The three-year agreement includes providing Red Hat licenses …
Companies Investments