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11 October 08:21 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 …
Global Economy
Photo Archive
4 October 05:12 PM 2P Perfect Presentation extends SAR 120m credit facility with NBK
Riyadh — Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) renewed a Sharia-compliant credit facility agreement with the National Bank of Kuwait (NBK). The financing arrangement is valued at SAR 120 million …
Companies Investments
Almarai
4 October 08:45 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 …
Company News
Photo Archive
1 October 02:15 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 02:09 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 Gallery
24 September 10:45 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, …
Event
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14 September 04:32 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 …
Company News
Photo Archive
14 September 09:25 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 …
Company News
Photo Gallery
13 September 01:56 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 …
Companies Investments
Photo Gallery
13 September 10:32 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 …
Global Economy
Photo Gallery
10 September 10:54 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 …
Event
Gulf Coast Development
7 September 12:40 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 …
Global Economy
Photo Gallery
3 September 05:34 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 04:35 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 …
Banking and Finance
Photo Archive
31 August 11:37 AM 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 …
Companies Investments
Taco Bell
30 August 10:30 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 10:08 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 …
Global Economy
Saudi Exchange (Tadawul)
26 August 11:57 AM Tadawul, Muqassa launch structural enhancements to derivatives market
Riyadh — Mubasher: The Saudi Exchange (Tadawul) and the Securities Clearing Center Company (Muqassa) have implemented a series of structural enhancements to the Saudi derivatives market to increase liquidity and capital efficiency. The updates …
Trading Activities
Saudi Riyal
25 August 08:44 PM BinDawood Holding obtains SAR 542m financing for international acquisition
Riyadh — Mubasher: BinDawood Holding Company has secured a Sharia-compliant Murabaha financing facility totaling SAR 542 million, according to a bourse filing. The credit facility was provided by Banque Saudi Fransi and Gulf International Bank …
Banking and Finance
Photo Archive
25 August 08:27 PM Saudi 2P Perfect Presentation inaugurates branch abroad
Riyadh —Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) announced the opening of a new corporate branch in the Syrian Arab Republic, according to a bourse filing. The move aligns with the company’s …
Companies Investments
Photo Archive
25 August 01:59 PM Pan Gulf Marketing swings to net loss in H1-26 as geopolitical tensions hit sales
Riyadh — Mubasher: Pan Gulf Marketing Company shifted to a net loss of SAR 12.31 million in the first half (H1) of 2026, reversing a net profit of SAR 1.53 million in H1-25. The company attributed the downturn to a sharp decrease in sales and the …
Company News
Photo Archive
23 August 11:31 AM Saudi Top for Trading registers 33% profit decline in H1-26 on regional geopolitical pressures
Riyadh — Mubasher: Saudi Top for Trading Company announced its interim financial results for the six-month period ended on 30 June 2026, reporting a 33.18% decline in net profit. The earnings fell to SAR 3.55 million in the first half (H1) of 2026 …
Company News
Arabian Drilling
19 August 11:23 AM Arabian Drilling signs offshore contract for Oman expansion
Riyadh — Mubasher: Arabian Drilling has signed a contract with Masirah Oil Limited and Northern Offshore Limited to expand its regional operations into Oman. The agreement, signed on 17 August 2026, covers the drilling of two confirmed wells and …
Companies Investments
Photo Archive
18 August 09:40 AM Arabian Drilling secures SAR 250m deal to expand in GCC region
Riyadh — Mubasher: Arabian Drilling has signed a new offshore drilling contract valued at approximately SAR 250 million with a client in the GCC region. The agreement marks the company’s expansion into a new geographical market within the GCC, …
Companies Investments
Public Investment Fund (PIF)
17 August 09:04 PM In-detail Annual Report of PIF for 2025 reflects strong financial performance, unveils next-phase strategy
Riyadh – Mubasher: The Public Investment Fund (PIF) of Saudi Arabia published its 2025 Annual Report, which signaled strong financial performance and continued progress against its long-term objectives. As a long-term investor with a unique …
Financial Results