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Tadawul approves listing of SAR 6.7bn in additional government debt instruments
Riyadh — Mubasher: The Saudi Exchange (Tadawul) has approved a request from the Ministry of Finance to list additional government debt instruments totaling SAR 6.75 billion. The new listings represent increases to four previously issued series of Saudi Arabian sovereign debt. The largest individual increase was applied to issuance 12-04-2024 (5344), which rose by SAR 3.45 billion to reach a total outstanding value of SAR 52.71 billion.
Scientific & Medical Equipment House awarded SAR 24m contract
Riyadh — Mubasher: Scientific & Medical Equipment House Company has announced the successful award of a significant maintenance project with the Eastern Health Cluster, a subsidiary of the Health Holding Company. The contract, valued at approximately SAR 23.69 million inclusive of Value Added Tax (VAT), focuses on the upkeep and repair of critical medical infrastructure at King Fahd Specialist Hospital in Dammam.
QSTP, Microsoft partner to support Qatar startups with AI tools
Doha – Sharikat Mubasher: Qatar Science & Technology Park (QSTP), a member of Qatar Foundation, announced it has partnered with Microsoft to provide eligible startups with cloud and artificial intelligence (AI) technologies, technical expertise, and commercial support through the Microsoft for Startups program.
CapQuest raises $1mn in pre-seed funding led by Oraseya Capital
Dubai – Sharikat Mubasher: CapQuest, a Dubai-based equity management platform provider, announced it raised $1 million in a pre-seed funding round led by Oraseya Capital and AMKM Family Office to support product development and commercial expansion. As per a recent press release, the company plans to use the new funding to increase automation, enhance its equity management tools, and expand its commercial operations.
Al Rajhi Bank’s total assets hit SAR 1trn in 9M-26; profits jump 13.5%
Riyadh - Mubasher: Al Rajhi Bank logged 13.31% higher net profits after tax valued at SAR 20.87 billion in the first nine months (9M) of 2026, compared to SAR 18.41 billion in 9M-25. Earnings per share (EPS) jumped to SAR 3.27 at the end of September 2026 from SAR 2.90 a year earlier, according to the financial results. Total assets reached SAR 1.07 trillion in 9M-26, up 1.84% year-on-year (YoY) from SAR 1.05 trillion.
Riyad Bank sees higher profits in 9M-26; operating income up 5%
Riyadh – Mubasher: The net profits attributable to the shareholders of Riyad Bank amounted to SAR 2.87 billion in the third quarter (Q3) of 2026. This represents a 6.64% increase compared to the SAR 2.69 billion recorded during the same period in the previous year. The bank’s performance was primarily driven by a rise in total operating income, which offset an uptick in operating expenses and higher impairment charges.
Alinma Bank’s board approves SAR 746.5m dividends for Q3-26
Riyadh – Mubasher: Alinma Bank’s board of directors has approved a cash dividend distribution of SAR 746.30 million for the third quarter (Q3) of 2026. The payout is equivalent to 2.50% of the share nominal value. The bank confirmed that the distribution will target 2.98 billion eligible shares, resulting in a dividend of SAR 0.25 per share after the deduction of Zakat.
Saudi Kayan’s net losses drop 14% in 9M-26 amid higher selling prices
Riyadh – Mubasher: Saudi Kayan Petrochemical Company released its interim financial results for the first nine months (9M) of 2026, revealing a significant reduction in net losses compared to both the previous year and the preceding quarter. The net loss for the nine months stood at SAR 1.38 billion, a 14.10% improvement from SAR 1.60 billion loss reported in the corresponding period of 2025.
Flat6Labs, Idealab.ai partner to bring 1.2 million business ideas to entrepreneurs
Cairo – Sharikat Mubasher: Flat6Labs, an Egypt-based startup accelerator and venture capital firm, entered a partnership with Idealab.ai, an AI-powered business idea platform, to help entrepreneurs across its network identify business opportunities and explore new ventures. Launched by Bill Gross, an entrepreneur behind more than 175 companies, Idealab.ai uses artificial intelligence to analyze real-world problems, emerging technologies, and market shifts to generate potential business ideas.
Alinma Bank posts 4% higher profits at SAR 4.8bn in 9M-26
Riyadh – Mubasher: Alinma Bank has announced its interim financial results for the first nine months (9M) of 2026, reporting a net profit of SAR 4.86 billion. This represents a 4.04% increase compared to the SAR 4.67 billion recorded during the same period in the previous year. The growth was primarily driven by a 6.13% rise in total operating income, supported by higher yields from financing and investment activities, despite an increase in expected credit loss provisions.
Aldrees’ profits jump 20% in 9M-26 amid network expansion
Riyadh - Mubasher: Aldrees Petroleum and Transport Services Company has announced its interim financial results for the first nine months (9M) of 2026, reporting a 19.79% year-on-year (YoY) increase in net profit. The company’s net profit reached SAR 371.60 million, up from SAR 310.2 million.
Namal, SDB launch new program to empower entrepreneurs across Saudi Arabia
Riyadh - Sharikat Mubasher: Namal Social Investment Company, in partnership with the Social Development Bank (SDB), launched the ‘Social Investment for Entrepreneurs’ program, designed to nurture innovative ideas and support owners of projects with social impact across Riyadh, Jeddah, and Dammam. According to the official statement released yesterday, the program offers partnership and funding opportunities for exceptional projects, with financing of up to SAR 300,000.
Holouly launches ETEPS platform to manage POS operations
Riyadh – Sharikat Mubasher: Saudi-based Holouly for IT services and consulting announced it has launched ETEPS, a platform for managing and operating point-of-sale (POS) services, as it plans to enter Egypt and the UAE in 2027. Founded in Saudi Arabia in 2023, Holouly currently operates in the Kingdom, offering technology solutions for POS operations and logistics through its ETEPS and Right NOW platforms, respectively.
DS Rent issues addendum regarding share consolidation, EGM
Riyadh — Mubasher: Dar Almarkabah for Renting Cars Company (DS Rent) has issued an addendum announcement to its shareholders regarding the upcoming Extraordinary General Meeting (EGM) scheduled for November 2026. The update provides essential documentation concerning proposed amendments to the company’s Bylaws, specifically Article Six, which governs the firm's capital structure.
UCIC’s net profits leap 40.5% in Q3-26
Riyadh — Mubasher: United Carton Industries Company (UCIC) logged a net profit of SAR 28.95 million for the third quarter (Q3) of 2026, marking a 40.53% increase from SAR 20.60 million. The company attributed the growth to higher sales volumes across all sectors and an increase in average selling prices. Quarterly revenue climbed by 9.06% to SAR 405.11 million from SAR 371.47 million in Q3-25. Gross profit for the period reached SAR 65.56 million from SAR 54.79 million.
SAB’s net profits up 3% in 9M-26; operating income hits SAR 11.1bn
Riyadh – Mubasher: Saudi Awwal Bank (SAB) registered net profits amounting to SAR 6.58 billion in the first nine months (9M) of 2026, an annual rise of 2.76% from SAR 6.41 billion. The operating income grew by 1.15% year-on-year (YoY) to SAR 11.12 billion, alongside a reduction in income tax provisions. Total assets hit SAR 474.01 billion as of 30 September 2026, up 6.41% YoY.
Vitalls secures $1.5 mn investment from EST Growmore
Abu Dhabi - Sharikat Mubasher: Vitalls, an AI-powered digital health passport platform headquartered in Abu Dhabi, secured a $1.5 million investment from EST Growmore, EST Group's investment arm, as part of its seed round. Both parties signed the investment agreement at the Abu Dhabi Future Health Summit, under which EST Growmore may invest an additional $1 million in Vitalls, the health platform announced today.
ANB’s net profits rise 4% in 9M-26; assets hit SAR 302.5bn
Riyadh – Mubasher: The net profits attributable to the shareholders of Arab National Bank (ANB) increased by 4.10% to SAR 4.13 billion in the first nine months (9M) of 2026 from SAR 3.97 billion a year earlier. Earnings per share (EPS) hit SAR 1.86 in 9M-26, an annual drop from SAR 1.94, according to the financial results. Assets jumped by 7.85% year-on-year (YoY) to SAR 302.52 billion at the end of September 2026 from SAR 280.48 billion.
Bank Aljazira’s profits leap 15.5% in 9M-26
Riyadh – Mubasher: Bank Aljazira achieved 15.41% year-on-year (YoY) higher net profits at SAR 1.31 billion in the first nine months (9M) of 2026, versus SAR 1.14 billion. The earnings per share (EPS) edged down to SAR 0.77 as of 30 September 2026 from SAR 0.79 a year earlier, according to the financial results. Assets totaled SAR 183.22 billion in 9M-26, an annual rise of 12.11% from SAR 163.42 billion. The investments climbed by 9.16% to SAR 41.63 billion from SAR 38.14 billion.
SNB logs SAR 19.4bn profits in 9M-26 results
Riyadh – Mubasher: The Saudi National Bank (SNB) announced its interim financial results for the nine-month period that ended on 30 September 2026, reporting a 4.57% increase in net profit attributable to shareholders, which reached SAR 19.48 billion.
Salama Cooperative receives final regulatory approval for civil liability product
Riyadh - Mubasher: Salama Cooperative Insurance Company has officially secured final approval from the Saudi Insurance Authority to market and sell a specialized insurance product focused on civil liability. The product, which is specifically designed for crowded places and high-risk activities, is aimed at the group customer segment within the Kingdom.
CMA proposes enhanced disclosure framework for annual board reports
Riyadh – Mubasher: The Capital Market Authority (CMA) has initiated a public consultation period regarding a new draft aimed at significantly enhancing disclosure requirements within the management discussion and analysis sections of annual board reports.
Amiantit provides update on industrial land in Jeddah
Riyadh – Mubasher: Saudi Arabian Amiantit Company issued a shareholder update regarding its industrial land asset located in the Al Mulaysa scheme (Al Quzain). The company originally acquired the property in 2009 for a total value of SAR 150 million. The land is currently subject to suspension by the Jeddah Municipality as part of a broader plan to subdivide the district in preparation for the issuance of electronic title deeds.
Bena Steel Industries elects new board, approves related-party transactions
Riyadh – Mubasher: Bena Steel Industries Company announced the results of its ordinary general meeting (OGM) held on 19 October, where shareholders representing 77.37172% of the capital approved the election of a new board of directors. The four elected members, chosen from a pool of 13 candidates, will serve a four-year term commencing 22 October 2026 and ending 21 October 2030.
SENAAT’s unit inks SAR 308m contract with Qiddiya Tennis Center
Riyadh – Mubasher: Zamil Structural Steel Company, a unit of Advanced Building Industries Company (SENAAT), signed a contract valued at SAR 308.17 million excluding value-added tax. The agreement was reached with the Qiddiya Tennis Center Joint Venture, a consortium comprising Bouygues Bâtiment International (Saudi Branch) and Al Mabani General Contractors Company.
Morgan Stanley to make market activities for Fitaihi Group, Zahrat Al Waha
Riyadh — Mubasher: The Saudi Exchange (Tadawul) has approved a request from Morgan Stanley Saudi Arabia to commence market-making activities for two listed companies on the Main Market. The mandate covers Fitaihi Holding Group and Zahrat Al Waha Trading Company, with operations scheduled to begin on 21 October 2026. Under the regulatory framework, Morgan Stanley Saudi Arabia must adhere to specific performance obligations for both securities.
Cherry Trading secures SAR 25m vehicle leasing contract
Riyadh — Mubasher: Cherry Trading Company has received a purchase order and signed a contract with the Ministry of Municipalities and Housing for vehicle leasing services valued at SAR 24.75 million. The agreement, finalized on 19 October, was issued under a unified framework agreement between the two parties. Under the terms of the contract, Cherry Trading will provide a fleet of 210 diverse vehicles to the ministry. The duration of the service agreement is set for 36 months.
FII Institute postpones FII10 conference to 2027
Riyadh - Sharikat Mubasher: The Future Investment Initiative (FII) Institute postponed the tenth edition of its flagship conference (FII10), originally scheduled for 26 to 29 October, to 2027. The new 2027 dates are yet to be announced; however, all current registrations and partnerships remain completely valid, the FII Institute said in a statement yesterday. The FII Institute emphasized that the decision reaffirms its commitment to its partners, members, speakers, and delegates.
OIC approves Saudi proposal to establish Cybersecurity Ministers Council in Riyadh
Riyadh – Sharikat Mubasher: The Organization of Islamic Cooperation (OIC) approved Saudi Arabia’s proposal to establish a council of ministers of cybersecurity, with its general secretariat and executive office to be based in Riyadh.
Sport Clubs EGM approves share buyback for employee stock program
Riyadh — Mubasher: The shareholders of Sport Clubs Company approved a plan to repurchase up to 1.45 million ordinary shares during an extraordinary general meeting (EGM) held on 19 October 2026. The shares will be held as treasury stock to support a forthcoming employee stock program. The buyback will be financed through the company’s internal resources.
Itmam Consultancy pens operational sustainability contract with SDB
Riyadh — Mubasher: Itmam Consultancy Company signed a project contract with the Social Development Bank (SDB) for the operational sustainability of the Dulani Business Center for 2026. The agreement, finalized on 20 October, follows an initial award notification issued on 21 September 2026. The contract is valued at more than 25% of the company’s total revenues for 2025.
Tactful AI secures investment from Hatem Dowidar in pre-Series A extension round
Cairo - Sharikat Mubasher: Tactful AI, an Egypt-based startup specializing in agentic AI-driven customer experience infrastructure, announced securing a fresh investment from Hatem Dowidar, former group CEO of e&, as part of its pre-Series A extension round.
Emirates NBD, BlackRock launch 2 income-focused investment funds
Dubai – Sharikat Mubasher: Emirates NBD Asset Management and BlackRock have introduced two new investment funds targeting regular income and portfolio diversification, broadening access to global investment strategies for retail and wealth clients across the region as their strategic partnership marks its first anniversary.
Yansab’s net profits leap 283% in 9M-26
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) logged net profit of SAR 507.30 million for the first nine months (9M) of 2026, representing an annual surge of 283.16% from SAR 132.40 million. The company attributed the growth to higher average selling prices for all products and increased sales volumes, alongside improved operational efficiency and plant reliability.
Al Rajhi Financial joins Tadawul as derivatives market member
Riyadh — Mubasher: The Saudi Exchange (Tadawul) announced that Al Rajhi Financial has finalized all technical and regulatory procedures required for market membership. This completion allows the firm to provide financial brokerage services, acting as both principal and agent within the Saudi Exchange. The move follows the fulfillment of necessary membership requirements, enabling Al Rajhi Financial to expand its operational scope in the Kingdom's capital market.
Bank Albilad achieves SAR 2.2bn net profits in 9M-26
Riyadh – Mubasher: The net profits of Bank Albilad climbed by 1.56% to SAR 2.27 billion in the first nine months (9M) of 2026, compared to SAR 2.23 billion in 9M-25. Total operating income for the period rose by 4.83% to SAR 4.76 billion, driven by higher income from investment and financing assets. Earnings per share (EPS) dropped to SAR 1.43 at the end of September 2026 from SAR 1.49 in the previous year.
Jana Medical amends EGM agenda following CMA approval
Riyadh – Mubasher: Jana Medical Company issued a corrective statement regarding its previous announcement dated 19 October 2026, concerning an invitation to an Extraordinary General Meeting (EGM). The company clarified that the original agenda incorrectly listed 17 items for electronic voting. The correction follows regulatory approval from the Capital Market Authority (CMA), which was granted for only 16 items. Consequently, the company has removed item 14 from the agenda.
Yamama Cement sees 14% higher profits in 9M-26 results
Riyadh - Mubasher: Yamama Cement Company recorded net profits totaling SAR 340.09 million in the first nine months (9M) of 2026, up 13.76% from SAR 298.95 million in 9M-25. The company attributed the growth to higher sales volumes and an increase in the average selling price, alongside a rise in other revenues. Total revenue for the first nine months reached SAR 1.06 billion, up 3.71% from SAR 1.02 billion a year earlier. Operating profit for the period rose by 12.20% to SAR 353.68 million.
Tadawul closes Tuesday’s trading session in red zone
Riyadh — Mubasher: The Saudi Arabian benchmark index (TASI) closed Tuesday's trading session down 1.69%, shedding 170.83 points to finish at 9,952.06. Total trading value reached SAR 3.82 billion, with decliners heavily outnumbering advancers as 244 stocks fell compared to 21 gainers. Sectoral performance on the main market was predominantly negative.
Fakeeh Care Group inaugurates new medical center in North Jeddah
Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) has opened a medical center in North Jeddah, as part of its strategy to expand its healthcare network and increase access to specialized medical services across the Kingdom. Located in Al Shira'a District on Prince Abdulmajeed Street, the center spans a 3,500-square-meter plot, with a total built-up area of approximately 11,000 square meters.
theQA secures $550K to expand AI-powered consumer research
Kuwait City – Sharikat Mubasher: theQA, Kuwait’s first AI-powered consumer research platform, announced it has closed a $550,000 pre-seed funding round backed by a Kuwaiti family office and strategic angel investors to support its expansion in the local market, according to a recent press release. Launched in April 2025, the platform enables businesses, agencies, and researchers to design surveys, reach targeted audiences, and gather consumer insights.
Saudi Arabia approves 1st 19 projects under Hospitality Investment Enablers Program
Riyadh – Sharikat Mubasher: Saudi Ministries of Investment and Tourism have approved the first batch of projects under the Hospitality Investment Enablers Program, covering 19 projects across five tourism destinations with a combined investment value of SAR 6.7 billion. As per a recent press release, the announcement was made during a joint event attended by Minister of Tourism Ahmed Al-Khateeb and Minister of Investment Fahad Al-Saif.
SABIC Agri-Nutrients logs 37% lower profits in 9M-26 on supply chain challenges
Riyadh – Mubasher: SABIC Agri-Nutrients Company generated a net profit of SAR 2.09 billion for the first nine months (9M) of 2026, marking a 37.34% decline from SAR 3.33 billion in 9M-25. The company attributed the downturn to lower sales volumes and increased selling and distribution expenses caused by geopolitical challenges affecting supply chains. Total shareholders' equity stood at SAR 20.08 billion at the end of September 2026, up 1.90% from a year earlier.
Banque Saudi Fransi to hold Q3-26 earnings call
Riyadh - Mubasher: Banque Saudi Fransi has issued an invitation to its shareholders to participate in a discussion session focused on the bank's financial results for the third quarter (Q3) of 2026. The meeting is scheduled to take place on Monday, 26 October, at 4:00 PM KSA time. The lender posted 11.53% higher net profits at SAR 1.51 billion in Q3-26, compared to SAR 1.35 billion in Q3-25.
Nabta Health secures PVP’s backing in $3m Pre-Series A round
Dubai – Sharikat Mubasher: Nabta Health, a women’s healthcare company founded in 2017, is moving to expand its AI-driven preventive healthcare business after Phoenix Venture Partners (PVP), an Abu Dhabi-based venture capital fund manager, led the second close of its ongoing $3 million Pre-Series A round.
DS Rent proposes share consolidation to increase par value
Riyadh — Mubasher: Dar Almarkabah for Renting Cars Company (DS Rent) has invited its shareholders to an extraordinary general meeting (EGM) scheduled for 11 November to vote on a board recommendation to consolidate the company's shares. The proposal aims to increase the nominal value per share from SAR 0.50 to SAR 10. Under the proposed plan, the total number of issued shares will be reduced from 50 million to 2.50 million.
Mobily’s net profits cross SAR 2.7bn in 9M-26; revenues up 5%
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) generated net profits valued at SAR 2.71 billion in the first nine months (9M) of 2026, an annual rise of 7.68% from SAR 2.51 billion. Total revenues amounted to SAR 15.19 billion, up 5.07% from SAR 14.46 billion, supported by growth across all business segments and a larger subscriber base. Earnings per share (EPS) climbed to SAR 3.53 in 9M-26 from SAR 3.27 in the previous year.
Rawasi Albina Investment re-registers mortgages in litigation against former executives
Riyadh — Mubasher: Rawasi Albina Investment Company announced the re-registration of mortgages on several real estate properties in the company’s favor. The properties are the subject of an ongoing legal dispute involving the company’s former Managing Director and CEO, Mohsen Mutaib Al Otaibi, and Abdullah Mohsen Al Otaibi. The company stated that this measure was taken to protect the rights of the firm and its shareholders during the litigation process.
Mouwasat clarifies timeline of legal action by Doctors Medical Projects
Riyadh — Mubasher: Mouwasat Medical Services Company provided a clarifying statement regarding the legal proceedings initiated against Doctors Company for Health Project The healthcare provider specified that it became aware of the lawsuit on the evening of 15 October, following the formal filing of the case at the Dammam Commercial Court on 12 October. The company noted that this supplementary announcement follows its previous disclosure on 18 October.
Miral Dental Clinics OGM elects new board
Riyadh — Mubasher: Miral Dental Clinics Company disclosed the voting results for its Board of Directors election during the ordinary general meeting (OGM). Shareholders approved the appointment of five members for the upcoming session, which is scheduled to begin on 26 October 2026 and conclude on 25 October 2030.
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