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Saudi Riyal
18 October 04:02 PM Saudi Printing divests UAE production lines; proceeds to fund operations
Riyadh — Mubasher: Saudi Printing and Packaging Company announced the sale of production lines for polypropylene cups and plastic packaging at its UAE-based subsidiary, Commercial United Packaging Company (CUPCO).The assets were sold to Al …
Management Decisions
15 October 05:22 PM FLOOSS CEO in Interview: Our loan volume nears $150m; We rely on AI for funding decisions
By: Ahmed El ShamsyManama – Mubasher Exclusive: Fawaz Ghazal, the CEO of FLOOSS, an Islamic digital financing platform, said the company’s loan volume has reached around $150 million, noting that FLOOSS uses AI and digital data to make …
Global Economy
11 October 09:21 AM Beyon is working on connecting digital identity systems in region - CEO Budel in interview with Mubasher
By: Ahmed El Shamsy Manama – Mubasher: The CEO of Beyon Connect, Richard Budel, said that digital identity has become an essential foundation for building trust in an increasingly digital economy, particularly as more transactions and services …
Company News
Saudi Riyal Symbol
6 October 11:59 PM Saudi Pan Gulf Marketing secures banking facility from Emirates NBD
Riyadh — Mubasher: Pan Gulf Marketing Company has recently secured a Sharia-compliant banking facility totaling SAR 70 million, according to a bourse filing.The financing agreement was signed on 27 September 2026 with the UAE-listed Emirates …
Banking and Finance
Photo Archive
4 October 11:49 PM Asas Makeen enters into SAR 315m construction agreement
Riyadh — Mubasher: Asas Makeen Real Estate Development and Investment Company recently announced the signing of a construction contract with Ittihad Althabat Company for Contracting, according to a bourse filing. The agreement is valued at an …
Company News
Almarai
4 October 09:45 AM Almarai logs SAR 1.9bn profits in 9M-26 amid strong revenue growth
Riyadh - Mubasher: Almarai Company logged a net profit of SAR 617.79 million for the third quarter (Q3) of 2026, representing a slight increase of 0.74% compared to SAR 613.24 million. The company’s quarterly revenue grew by 11.43% to SAR 6.19 …
Global Economy
Photo Archive
1 October 03:15 PM Tadawul ratifies amended trading, membership procedures
Riyadh — Mubasher: The Saudi Exchange (Tadawul) announced that its board of directors approved amended trading and membership procedures on 20 September 2026. The updates are designed to develop and improve the existing mechanisms for executing …
Global Economy
Saudi Exchange (Tadawul)
1 October 03:09 PM Tadawul updates market order execution mechanism
Riyadh — Mubasher: The Saudi Exchange (Tadawul) announced an update to the market order execution mechanism for the Main Market and Nomu – Parallel Market to be effective as of Sunday, 4 October 2026. The new mechanism allows market orders to be …
Global Economy
Photo Archive
24 September 12:43 PM Sport Clubs unveils SAR 35m lease agreement for new center in Jeddah
Riyadh — Mubasher: Sport Clubs Company has signed a lease agreement valued at SAR 34.81 million, excluding value-added tax, to establish a new fitness center in Jeddah. The contract, signed on 22 September 2026, with Modern Arab Real Estate …
Company News
Photo Gallery
24 September 11:45 AM UPN launches consortium at Money20/20 Middle East to drive global payment connectivity
Riyadh – Mubasher: Universal Payment Network (UPN), a FinTra Holding company, has launched the UPN Consortium at Money20/20 Middle East in Riyadh, according to a press release. The platform covers payment networks, banks, financial institutions, …
Global Economy
Photo Archive
23 September 09:43 AM Sport Clubs shareholders to consider 1.5m-share buyback for employee incentives
Riyadh — Mubasher: Sport Clubs Company has invited its shareholders to an extraordinary general meeting on 19 October 2026 to vote on a proposal to repurchase up to 1.45 million of its ordinary shares. The buyback, which represents a maximum of …
Trading Activities
Photo Archive
20 September 11:56 AM Sport Clubs rolls out lease agreement for new gym in Riyadh
Riyadh — Mubasher: Sport Clubs Company has signed a land lease agreement on 16 September valued at SAR 55.69 million, excluding value-added tax. The contract with Khalid bin Ibrahim Al Habdan involves the lease of a 4,125-square-meter plot located …
Companies Investments
Photo Archive
17 September 06:37 AM Americana Restaurants board reviews 3-year strategic plan
Riyadh — Mubasher: Americana Restaurants International held a board of directors meeting on 15 September to review the company’s operational performance and long-term planning. The meeting, which commenced at 4:00 PM, was attended by board members …
Board of Directors
Photo Gallery
14 September 05:32 PM Al Jadaan opens 2nd edition of Money20/20 Middle East
Riyadh — Mubasher: Saudi Minister of Finance and Chairman of the Financial Sector Development Program (FSDP) Mohammed Al Jadaan inaugurated the second edition of Money20/20 Middle East in Riyadh. During his speech, Al Jadaan highlighted the …
Global Economy
Photo Archive
14 September 10:25 AM Arabian Drilling expands operations via SAR 2bn deal with SLB
Riyadh — Mubasher: Arabian Drilling has signed a five-year contract valued at approximately SAR 2 billion with Schlumberger Middle East S.A. (SLB). Under the terms of the agreement, the company will provide eight additional land rigs to support …
Companies Investments
Photo Gallery
13 September 02:56 PM stc to sponsor 7th International Disability Conference in Riyadh
Riyadh — Mubasher: Saudi Telecom Company (stc) and the King Salman Center for Disability Research (KSCDR) have signed a strategic agreement for the 7th International Conference on Disability and Rehabilitation, scheduled to take place in Riyadh …
Global Economy
Photo Gallery
13 September 11:32 AM stc, Astranis to deploy dedicated satellite in Saudi Arabia
Riyadh — Mubasher: Saudi Telecom Company (stc) and US-based Astranis signed an agreement to deploy a dedicated satellite serving Saudi Arabia, according to a press release. The satellite, part of Astranis’ Block 3 program scheduled for launch in …
Company News
Photo Gallery
10 September 11:54 AM Saudi Mega Projects summit 2026 to kick off in Riyadh
Riyadh — Mubasher: MEED, the region’s leading business intelligence platform, is set to host the fourth edition of its flagship Saudi Mega Projects summit from 28-30 September 2026 at the Venue in ROSHN Group’s SEDRA community in Riyadh. The …
Global Economy
Gulf Coast Development
7 September 01:40 PM PIF launches Gulf Coast Development to drive tourism investment in Al Khafji
Riyadh - Mubasher: The Saudi Public Investment Fund (PIF) has launched the Gulf Coast Development Company to develop an integrated tourism and residential destination along the Al Khafji coast overlooking the Arabian Gulf. The project will be …
Company News
Photo Gallery
3 September 06:34 AM BytePlus to launch MEA’s 1st cloud region in Riyadh via Mobily’s collaboration
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) and BytePlus entered into a strategic partnership to launch BytePlus’s first Public Cloud region in the Middle East and Africa (MEA) region in Riyadh, with estimated investments of $150 million. …
Companies Investments
American Express
2 September 05:35 PM SAIB to exit American Express Saudi Arabia for SAR 1.4bn
Riyadh — Mubasher: The Saudi Investment Bank (SAIB) inked an agreement to sell its full 50% equity stake in American Express Saudi Arabia to Amex (Middle East) B.S.C. The transaction is valued at SAR 1.43 billion, equivalent to $381.36 million, to …
Company News
Photo Archive
31 August 12:37 PM Arabian Drilling pens SAR 3bn agreement with SLB
Riyadh — Mubasher: Arabian Drilling signed a five-year contract valued at approximately SAR 3 billion with SLB Middle East. Under the terms of the agreement, the company will provide 11 land rigs to support integrated gas drilling operations. The …
Company News
Photo Archive
30 August 01:55 PM Dar Al Balad secures SAR 20m credit facility from Emirates NBD
Riyadh - Mubasher: Dar Al Balad for Business Solutions Company has secured a Sharia-compliant credit facility valued at SAR 20 million from the Saudi Arabian branch of Emirates NBD. The financing agreement, which was signed on 27 August 2026, is …
Companies Investments
Taco Bell
30 August 11:30 AM MENA-focused Americana Restaurants to launch Taco Bell brand in UAE
Riyadh — Mubasher: Americana Restaurants International has signed an exclusive development agreement to launch the Taco Bell brand in the UAE. The partnership marks the company's entry into the Mexican-inspired quick-service restaurant sector and …
Global Economy
Khaled Dhafer and Brothers for Logistics Services Company (KDL Logistics)
27 August 11:08 PM KDL Logistics shifts to net losses in H1-26 on regional tensions
Riyadh — Mubasher: Khaled Dhafer and Brothers for Logistics Services Company (KDL Logistics) incurred a net loss of SAR 4.19 million in the first half (H1) of 2026, swinging from the SAR 2.41 million net profits recorded in H1-25. The company …
Company News