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21 October 06:26 PM

Sector News

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5 October 09:08 AM Alkhorayef Water rolls out contract with Dammam Airports
Riyadh — Mubasher: Alkhorayef Water and Power Technologies Company has signed a SAR 80 million contract with Dammam Airports Company for the rehabilitation of water infrastructure at King Fahd International Airport. The agreement, signed on 4 …
Company News
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4 October 01:24 PM Saudi Energy’s unit concludes financial close for Rabigh expansion project
Riyadh — Mubasher: Al Morjan Two Electricity Company, an affiliate of Saudi Energy Company, achieved financial close for the Rabigh 2 Independent Power Plant expansion project. The financing for the combined-cycle gas turbine facility, located in …
Banking and Finance
Photo Archive
4 October 09:15 AM Acwa reaches financial close for SAR 9.6bn Rabigh 2 expansion project
Riyadh – Mubasher: Acwa Power announced that Al Murjan 2nd for Electricity Company has achieved financial close for the Rabigh 2 Independent Power Plant expansion project. The combined-cycle gas turbine facility, located in the Western Region of …
Companies Investments
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30 September 06:48 AM Alkhorayef Water secures SAR 80m project contract
Riyadh — Mubasher: Alkhorayef Water and Power Technologies Company was awarded a water infrastructure rehabilitation contract valued at SAR 80 million, excluding value-added tax. The agreement was reached with Dammam Airports Company for works to …
Company News
Photo Archive
24 September 12:08 PM Acwa’s Taiba 1 CCGT enters initial commercial phase
Riyadh – Mubasher: Acwa Power has received notification on 22 September 2026 regarding the commencement of initial commercial operations at the Taiba 1 combined cycle gas turbine (CCGT) project. The notice, issued by Sidra One Electric Company, …
Company News
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24 September 11:35 AM Acwa begins commercial operations at Al Qassim 1 power plant
Riyadh – Mubasher: Acwa Power received notification on 22 September regarding the commencement of initial commercial operations at the Al Qassim 1 combined cycle gas turbine plant. The project, located in Al Qassim, Saudi Arabia, has secured an …
Company News
Photo Archive
20 September 12:17 PM Acwa unveils resignation of non-executive director
Riyadh – Mubasher: Acwa Power announced the resignation of non-executive board member Esmail Al Sallom, effective 16 September 2026. Al Sallom also stepped down from his position on the company's executive committee on the same date. The company …
Management Decisions
Photo Archive
13 September 11:10 AM Miahona gets regulatory nod for Sha’s Water acquisition
Riyadh - Mubasher: Miahona Company has received regulatory clearance from the General Authority for Competition to proceed with the acquisition of 100% of the share capital in Sha’s Water Services Limited. The no-objection certificate, issued on …
Companies Investments
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3 September 06:13 AM IBM, Marafiq pen deal to improve enterprise services in Saudi Arabia
Riyadh – Mubasher: IBM joined forces with Power and Water Utility Company for Jubail and Yanbu (Marafiq) to modernize enterprise service delivery and enhance employee experience through a unified ServiceNow platform. Under the agreement, announced …
Companies Investments
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3 September 05:47 AM Saudi Energy pens 3 deals at LEAP2026 to strengthen data center infrastructure
Riyadh — Mubasher: Saudi Energy Company has inked three agreements at LEAP 2026 to drive digital infrastructure for data and AI centers in Saudi Arabia and meet their growing energy needs. The deals focus on providing reliable and resilient energy …
Company News
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1 September 11:02 PM Natural Gas Distribution records 326% annual leap in H1-26 net profit
Riyadh — Mubasher: Natural Gas Distribution Company reported a 325.80% surge in net profit for the first half (H1) of 2026, reaching SAR 9.57 million compared to SAR 2.25 million in H1-25. Earnings per share (EPS) rose to SAR 1.90 in H1-26 from …
Company News
ACWA Power Company
26 August 01:01 PM Acwa shareholders approve over SAR 352.5m dividends for 2025
Riyadh – Mubasher: ACWA Power Company (Acwa) announced that its shareholders approved a cash dividend distribution totaling SAR 352.59 million for the fiscal year ended on 31 December 2025. The decision was reached during an ordinary general …
Company News
Saudi Riyal Symbol
25 August 05:12 PM Alkhorayef Water obtains SAR 250m financing from QNB Saudi branch
Riyadh — Mubasher: Alkhorayef Water and Power Technologies Company announced the signing of a Sharia-compliant banking facility agreement with the Saudi Arabian branch of Qatar National Bank (QNB) that was finalized on 25 August 2026. The credit …
Companies Investments
Photo Archive
23 August 09:45 PM Acwa unveils 3 battery energy storage projects in Saudi Arabia
Riyadh — Mubasher: ACWA Power Company (Acwa) announced the signing of power purchase agreements with the Saudi Power Procurement Company (SPPC) to develop, finance, build, and operate three independent battery energy storage system (BESS) …
Companies Investments
Saudi Energy Company
23 August 09:18 PM Saudi Energy announces over SAR 1bn agreement for Al Muwaih project
Riyadh — Mubasher: Saudi Energy Company announced a new energy storage services agreement with the Saudi Power Procurement Company, known as the Principal Buyer, that was signed on 20 August 2026 following the project's award on the same date. The …
Company News
Photo Archive
23 August 07:36 PM Saudi Energy pens SAR 1.1bn contract for Kahafah project; Acwa joins as related party
Riyadh — Mubasher: Saudi Energy Company has penned a power storage services agreement with the Saudi Power Procurement Company, the principal buyer, for the Kahafah Battery Energy Storage System Independent Storage Project (IPS). The contract is …
Company News
Saudi Energy Company
23 August 03:54 PM Saudi Energy enters into agreement worth over SAR 1bn for Haden project
Riyadh — Mubasher: Saudi Energy Company announced the signing of an energy storage services agreement with the Saudi Power Procurement Company as a Principal Buyer for Haden Battery Energy Storage System Independent Storage Project (ISP). The …
Company News
Photo Archive
20 August 07:46 PM Rawasi Albina secures prequalification by Saudi Energy in transmission sector
Riyadh – Mubasher: Rawasi Albina Investment Company has successfully obtained prequalification from Saudi Energy Company within the energy transmission sector, according to a bourse filing. This certification allows Rawasi Albina to participate in …
Company News
Photo Archive
20 August 03:57 PM Acwa launches e-voting ahead of OGM
Riyadh – Mubasher: Acwa issued a reminder to its shareholders regarding the commencement of electronic voting for the upcoming Ordinary General Meeting (OGM). Shareholders registered in the Tadawulaty services portal can begin casting their votes …
Company News
Photo Archive
13 August 11:11 AM Alkhorayef Water signs over SAR 101m contract with NWC
Riyadh — Mubasher: Alkhorayef Water and Power Technologies Company announced the signing of a contract valued at SAR 101.32 million with the National Water Company (NWC) on 11 August 2026. The agreement covers the operation and maintenance of …
Companies Investments
Photo Archive
10 August 03:07 PM Miahona’s net profits fall 91% in H1-26; consolidated revenues near SAR 234m
Riyadh - Mubasher: Miahona Company achieved 90.74% year-on-year (YoY) lower net profits at SAR 6.50 million in the first half (H1) of 2026, compared to SAR 70.20 million. The company attributed the downturn primarily to a 35.36% decrease in …
Financial Results
Acwa
6 August 07:43 PM Acwa’s net profits exceed SAR 653m in H1-26 amid geopolitical uncertainty
Riyadh – Mubasher: Acwa generated 28.14% year-on-year (YoY) lower net profits at SAR 653.17 million for the first half (H1) of 2026, compared to SAR 908.98 million. The utility developer’s revenue rose by 8.61% to SAR 4.03 billion, driven by …
Cash Dividends
Photo Archive
6 August 05:51 AM GASCO Holding records 22% growth in H1-26 net profits
Riyadh - Mubasher: Alghaz Waltsnae Company Eligibility Alqabida (GASCO Holding) reported a net profit amounting to SAR 141.40 million in the first half (H1) of 2026, a 22.04% increase from the SAR 115.86 million in H1-25. The company attributed …
Financial Results
Marafiq
5 August 08:58 AM Marafiq’s profits shrink 64% in H1-26; revenues hit SAR 3.5bn
Riyadh – Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) reported net losses valued at SAR 46.45 million for the second quarter (Q2) of 2026, compared to a net profit of SAR 109.60 million in Q2-25. The swing to a loss …
Financial Results
Photo Archive
4 August 05:52 PM Alkhorayef Water logs SAR 128m net profits in H1-26
Riyadh — Mubasher: The net profits of Alkhorayef Water and Power Technologies Company increased by 6.94% to SAR 128.12 million in the first six months (6M) of 2026, compared to SAR 119.81 million a year earlier. The company attributed the growth …
Financial Results