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14 January 06:03 AM

Sector News

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28 September 2025 01:03 PM Saudi Ground Services to disburse SAR 188m cash dividends for H1-25
Riyadh - Mubasher: Saudi Ground Services Company announced SAR 188 million as interim cash dividends for the first half (H1) of 2025, according to a bourse filing. The Tadawul-listed company will pay out a dividend of SAR 1 per share, equivalent …
Cash Dividends
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10 August 2025 06:54 PM GASCO posts 15% decline in H1-25 net profits
Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) delivered a 15.15% drop in net profit to SAR 115.90 million during the first half (H1) of 2025, compared to SAR 136.60 million in H1-24. Revenues reached SAR 1.57 billion in the …
Financial Results
Photo Archive
5 June 2025 11:20 AM Budget Saudi’s board mulls 34% capital increase
Riyadh – Mubasher: The board of United International Transportation Company (Budget Saudi) recommended a 33.74% capital hike, according to a bourse disclosure. The group will distribute 26.05 million shares as bonus shares to shareholders by …
Corporate Actions
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18 March 2025 04:04 PM SAL inks joint deal for SAR 4bn logistics zone
Riyadh – Mubasher: Saudi Logistics Services Company (SAL) and Sela inked a deal to develop the SAL Logistics Zone in Falcon City, with SAR 4 billion investments. Spanning 1.50 million square metres, the joint project aims to support the logistics …
Companies Investments
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17 March 2025 05:06 PM Budget Saudi’s profits hike 12.5% in 2024; dividends for H2 unveiled
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) recorded a 12.44% year-on-year (YoY) growth in net profit to SAR 311.69 million at the end of December 2024. The registered net profits were compared with SAR 277.21 …
Board of Directors
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13 March 2025 03:36 PM Saudi Ground Services generates higher revenue at SAR 2.6bn in 2024; net profit soars 55%
Riyadh – Mubasher: Saudi Ground Services Company achieved a 54.64% increase in net profit to SAR 327.03 million in 2024 compared to SAR 211.47 million in 2023. The annual growth in 2024 net profit was primarily driven by SAR 224.90 million …
Financial Results
Sustained Infrastructure Holding Company (SISCO Holding)
12 March 2025 04:21 PM SISCO Holding says full-year revenue in 2024 resulted from strong performance in ports segment
Riyadh – Mubasher: Sustained Infrastructure Holding Company (SISCO Holding) unveiled that its full-year revenue, excluding accounting construction revenue, increased by 19.20% year-on-year (YoY) to SAR 1.25 billion in 2024, compared to SAR 1.05 …
Financial Results
Photo Archive
19 February 2025 06:35 PM SAL’s profits surge nearly 30% in 2024; dividends for Q4 announced
Riyadh – Mubasher: Saudi Logistics Services Company (SAL) witnessed an annual leap of 29.77% in net profit to SAR 3.32 billion during 2024, compared to SAR 3.65 billion. Revenues climbed by 12.24% year-on-year (YoY) to SAR 1.63 billion as of 31 …
Financial Results
SAL's Al Sheikh and stc's VP of Enterprise Accounts, Abdulaziz Al Haydar,
13 February 2025 08:15 PM Al Sheikh says deal with stc at LEAP 2025 is part of SAL’s customer-centric strategy
Riyadh – Mubasher: SAL Logistics Services’ recent memorandum of understanding (MoU) with Saudi Telecom Company (stc) Group is part of SAL’s customer-centric strategy and marks an important step towards enhancing the efficiency of logistics …
Global Economy
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11 February 2025 07:27 PM SAL inks MoU with stc following agreement with Saudi MDA at LEAP 2025
Riyadh– Mubasher: SAL Saudi Logistics Services Company has signed a memorandum of understanding (MoU) with Saudi Telecom Company (stc) at the LEAP 2025 conference. The joint agreement aims at bringing innovative AI-based and Internet of Things …
Companies Investments
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27 January 2025 04:29 PM SAPTCO rolls out SAR 114m deal with Development of Madinah Authority
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) inked a SAR 113.84 million contract with the Development of Madinah Authority on 26 January 2025, according to a bourse filing. The deal covers operating shuttle transportation services …
Companies Investments
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5 January 2025 10:09 PM TASI expected to trade between 11,300 to 13,300pts in 2025 – Report
Riyadh – Mubasher: SNB Capital, a regional financial institution, recently projected in a report that the benchmark All Share Index (TASI) of the Saudi Exchange (Tadawul) would trade between 11,300 to 13,300 points (pts) in 2025, reflecting a …
Trading Activities
Photo Archive
6 November 2024 06:46 PM Saudi Ground Services achieves 54% growth in 9M-24 net profit on SAR 171m higher revenue
Riyadh – Mubasher: Saudi Ground Services Company registered net profits worth SAR 231.27 million during the first nine months (9M) of 2024 compared with SAR 149.85 million in 9M-23, signalling a 54.33% annual increase. The rise in Saudi Ground …
Financial Results
Photo Archive
5 November 2024 05:14 PM SAPTCO’s profits shrink 38.5% in 9M-24
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) generated SAR 20.85 million in net profit during the first nine months (9M) of 2024, marking a 53.39% plunge from SAR 44.73 million in 9M-23. Revenues stood at SAR 1.15 billion in 9M-24, …
Financial Results
Photo Gallery
16 October 2024 11:16 AM SISCO Holding unveils new brand identity
Riyadh – Mubasher: Sustainable Infrastructure Holding Company (SISCO Holding) implemented its new brand identity on 16 October 2024, according to a bourse disclosure. SISCO Holding adopted a new logo and visual identity in line with the new name, …
Companies Investments
Photo Archive
2 October 2024 10:54 AM SAPTCO inks SAR 93m contract with Alahsa Municipality
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) and Alahsa Municipality signed an agreement valued at SAR 92.99 million. The deal covers operating a public bus transport network in Al Ahsa Province for five years, according to a bourse …
Companies Investments
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16 September 2024 03:18 PM SISCO Holding’s unit extends lease contract in Jeddah Islamic Port
Riyadh – Mubasher: Kindasa WaterServices, a subsidiary of Sustainable Infrastructure Holding Company (SISCO Holding), has signed a further 10-year extension of its lease with the Saudi Port Authority (Mawani). Kindasa extended the deal for its …
Companies Investments
Photo Archive
26 August 2024 00:38 PM SAPTCO rolls out SAR 84m agreement
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) penned a SAR 83.99 million agreement with Tabuk Municipality for the public bus transport project in Tabuk City. The two entities signed the deal on 25 August 2024 for five years, …
Companies Investments
Photo Archive
14 August 2024 09:00 AM Saudi Ground Services awarded SAR 1.5bn contract from Riyadh Air
Riyadh – Mubasher: Saudi Ground Services Company won a SAR 1.50 billion project award from the Aviation Services Company (Riyadh Air), on 12 August 2024, to provide ground handling services. The contract will commence on 1 September 2024 and will …
Companies Investments
Photo Archive
7 August 2024 01:21 PM Saudi Ground Services reports leap in H1-24 profits to SAR 149.5m
Riyadh – Mubasher: The net profits of Saudi Ground Services Company hiked by 66.26% to SAR 149.59 million in the first half (H1) of 2024 from SAR 89.97 million in H1-23. The company posted 12.54% year-on-year (YoY) higher revenues at SAR 1.33 …
Financial Results
Photo Archive
5 August 2024 03:01 PM SISCO Holding shifts to losses in H1-24; revenues down 21.5%
Riyadh – Mubasher: Sustainable Infrastructure Holding Company (SISCO Holding) turned to net losses valued at SAR 10.60 million in the first half (H1) of 2024, against profits worth SAR 40.70 million in H1-23. The revenues amounted to SAR 605.40 …
Financial Results
Photo Archive
1 August 2024 03:03 PM Budget Saudi’s profits up in H1-24; dividends hit 4.5% of capital
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) posted 0.19% year-on-year (YoY) higher net profits at SAR 139.88 million in the first half (H1) of 2024, versus SAR 139.60 million. The revenues amounted to SAR 841.94 …
Cash Dividends
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1 August 2024 00:15 PM SAPTCO swings to losses in H1-24; accumulated losses surpass 27% of capital
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) shifted to net losses worth SAR 7.01 million in the first half (H1) of 2024, against net profits valued at SAR 11.14 million in H1-23. The company's revenues stood at SAR 735.71 million in …
Financial Results
Photo Gallery
16 July 2024 00:32 PM SISCO Holding’s Tawzea signs SAR 316m contract to build water recycling plant
Riyadh – Mubasher: The International Water Distribution Company (Tawzea), a subsidiary of Sustainable Infrastructure Holding Company (SISCO Holding), has signed a contract with Neom to develop the Al-Badaa water recycling plant. The deal has a …
Companies Investments
Fawaz Danish, President and CEO of Budget Saudi
26 June 2024 01:42 PM Budget Saudi acquires Autoworld to boost B2B portfolio
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) has acquired Al Jazira Equipment Company (AutoWorld), a SEDCO Holding-owned vehicle leasing company. The transaction anchors Budget Saudi’s strategic objectives to …
Companies Investments