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21 October 04:45 AM

Sector News

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30 September 06:37 AM Riyal Investment’s shareholders approve bylaw amendment
Riyadh — Mubasher: Riyal Investment and Development Company’s shareholders approved an amendment to the company’s bylaws during an extraordinary general assembly meeting held on 13 September 2026. The resolution specifically targeted Article 15, …
Company News
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24 September 12:54 PM Cherry Trading secures car rental contract with Ministry of Culture
Riyadh – Mubasher: Cherry Trading Company was awarded a car rental project from the Saudi Ministry of Culture. The company received the formal award letter on 22 September 2026, marking a significant addition to its service portfolio. Under the …
Company News
Photo Archive
23 September 08:32 AM Saudi Ground Services to distribute SAR 188m dividends for H2-25
Riyadh – Mubasher: The board of Saudi Ground Services Company agreed to distribute SAR 188 million in cash dividends to shareholders for the second half (H2) of 2025. The payout represents 10% of the share nominal value. The distribution will be …
Board of Directors
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23 September 08:16 AM SAL Academy secures 2nd consecutive IATA CBTA Center recertification
Riyadh — Mubasher: SAL Saudi Logistics Services Company announced that SAL Academy has successfully renewed its certification as an IATA CBTA Center for the second consecutive time, retaining both the IATA CBTA Excellence and IATA CBTA Corporate …
Company News
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21 September 09:50 AM DS Rent pens MoU to acquire Zad International
Riyadh — Mubasher: Dar Almarkabah for Renting Cars Company (DS Rent) signed a non-binding memorandum of understanding (MoU) on 2 September to acquire 100% of the shares of Zad International Limited. The proposed transaction involves DS Rent …
Mergers and Acquisitions
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17 September 06:16 AM Cherry Trading’s shareholders to elect board members
Riyadh – Mubasher: Cherry Trading Company has invited its shareholders to participate and vote in the Ordinary General Meeting (OGM) scheduled for 14 October 2026. The meeting will be conducted via modern technology at 19:00. The primary agenda …
Board of Directors
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17 September 05:40 AM SAL Logistics pens MoUs with CIMC to strengthen logistics cooperation
Riyadh — Mubasher: SAL Logistics Services Company has signed two memoranda of understanding (MoUs) with CIMC’s MENA Regional Headquarters to boost partnership in logistics solutions and infrastructure, logistics zone development, and attract …
Companies Investments
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14 September 07:28 AM SAL, Huawei pen MoU to boost digital logistics in Saudi Arabia
Riyadh — Mubasher: SAL Saudi Logistics Services Company signed a memorandum of understanding (MoU) with Huawei Tech Investment Saudi Arabia to enhance collaboration across transportation, logistics, and digital transformation. The partnership also …
Companies Investments
Photo Archive
8 September 10:45 AM Flynas discloses ground handling deal value following Swissport equity acquisition
Riyadh - Mubasher: Flynas Company recently signed a ground handling services agreement with Swissport Saudi Arabia Limited is projected to involve annual purchases equivalent to approximately 5% of the airline's total revenue. This disclosure …
Companies Investments
Photo Archive
7 September 02:24 PM Saudi Ground Services gets contract termination notice from flynas
Riyadh – Mubasher: Saudi Ground Services Company (SGS) received a written notice on 6 September from  Flynas Company regarding the termination of their ground handling services contract. The termination follows a contractual clause requiring a …
Companies Investments
Photo Archive
7 September 09:20 AM Flynas acquires 10% stake in Swissport Saudi Arabia for SAR 50m
Riyadh - Mubasher: Flynas Company announced on 6 September 2026 the signing of a share purchase agreement to acquire a 10% equity stake in Swissport Saudi Arabia Limited for a total consideration of SAR 50 million ($13.33 million). The deal, …
Companies Investments
Photo Archive
6 September 08:21 PM Theeb Rent a Car amends HungerStation contract
Riyadh – Mubasher: Theeb Rent a Car Company has reached a mutual agreement with HungerStation to significantly modify the scope of a contract addendum originally signed on 15 July 2026. Under the new terms finalized on 3 September 2026, the number …
Company News
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6 September 01:17 PM SAL, Microsoft partner to advance digital transformation, logistics services at LEAP 2026
Riyadh — Mubasher: SAL Saudi Logistics Services Company inked a memorandum of understanding (MoU) with Microsoft Arabia on the sidelines of LEAP 2026, to explore collaboration in digital transformation, digital logistics, data, AI, and customer …
Company News
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6 September 07:28 AM SAL, Elm launch CargoGate services at LEAP2026
Riyadh — Mubasher: SAL Saudi Logistics Services Company and Elm Company have launched CargoGate, a digital operational solution designed to streamline shipment pickup and delivery procedures across SAL’s stations. Announced during LEAP 2026 in …
Event
Saudi Riyal
3 September 03:05 PM Munawla Cargo to pay SAR 0.7/shr dividend for H1-26
Riyadh — Mubasher: The board of Munawla Cargo Company approved a cash dividend distribution of SAR 2.10 million for the first half (H1) of the 2026 fiscal year. The payout represents 70% of the share's nominal value, according to a filing on the …
Cash Dividends
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31 August 05:25 PM Riyal Investment’s net profits plunge 85.5% in H1-26 on rising costs
Riyadh — Mubasher: Riyal Investment and Development Company announced an 85.48% year-on-year (YoY) decline in net profit during the first half (H1) of 2026, as rising operational costs and depreciation outweighed modest revenue growth. Net profit …
Financial Results
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30 August 07:16 PM Riyal Investment to vote on EGM agenda items next month
Riyadh — Mubasher: Riyal Investment and Development Company invited its shareholders to attend an extraordinary general meeting (EGM) that will be conducted via modern technology to discuss and vote on proposed amendments to the company’s bylaws. …
Company News
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30 August 01:19 PM Munawla Cargo’s revenues fall 11% in H1-26
Riyadh – Mubasher: Munawla Cargo Company announced a 53.64% increase in net profit to SAR 2.39 million during the first half (H1) of 2026, compared to SAR 1.56 million in the same period last year. The company attributed the profit growth to the …
Financial Results
Photo Archive
30 August 01:03 PM SAPTCO inks SAR 470m school transport contract in Jubail
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) inked a contract valued at SAR 470.20 million with the Royal Commission for Jubail and Yanbu to provide school transportation services in Jubail Industrial City. The agreement, which …
Company News
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 …
Trade
Photo Archive
26 August 06:40 PM DS Rent appoints Al Ghamdi to Audit Committee
Riyadh — Mubasher: The board of Dar Almarkabah for Renting Cars Company (DS Rent) recently approved the appointment of Mohammed Al Ghamdi to the company’s audit committee. The decision was made during a board meeting held on 24 August 2026. DS …
Management Decisions
SAL Saudi Logistics Services Company
25 August 12:02 PM SAL Zones secures SAR 2.5bn funding from SAB
Riyadh — Mubasher: SAL Saudi Logistics Services Company announced that its subsidiary, SAL Zones, entered into a Sharia-compliant credit facility agreement valued at SAR 2.50 billion with Saudi Awwal Bank (SAB). The financing agreement was …
Company News
Dar Almarkabah for Renting Cars Company (DS Rent)
20 August 05:53 PM DS Rent to execute reverse stock split following notice
Riyadh — Mubasher: Dar Almarkabah for Renting Cars Company (DS Rent) has received a formal notification from the Saudi Exchange (Tadawul) regarding its average closing share price falling below the mandatory minimum threshold, according to a …
Corporate Actions
Photo Archive
11 August 02:12 PM Flynas rolls out agreement for government travel services
Riyadh - Mubasher: Flynas Company  has signed a unified framework agreement with the Expenditure and Projects Efficiency Authority (EXPRO) to provide passenger travel services for government entities. The agreement establishes a standardized …
Companies Investments
Photo Archive
11 August 02:11 PM SAPTCO’s accumulated losses hit 16% of capital
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) announced a significant reduction in its accumulated losses, which currently stand at 16.17% of its total capital. According to a company disclosure, the accumulated losses reached SAR …
Company News