Decypha

Riyadh - Mubasher: Mutakamela Insurance Company has appointed Nabil bin Azzouz as a non-executive member of its board of directors. The decision, initially approved by the board on 22 June 2026, fills a vacant seat following the receipt of no-objection from regulatory authorities on 15 July. The appointment will continue until the conclusion of the current board cycle on 8 August 2028.

Riyadh – Mubasher: Edarat Communication and Information Technology Company has finalized fractional share sale process and the subsequent distribution of proceeds to eligible shareholders. The sale follows a capital increase approved by the company’s extraordinary general assembly on 14 June 2026, according to a bourse statement. The company sold a total of 67 fractional shares on 22 June 2026, generating total proceeds of SAR 17,487. The shares were sold at an average price of SAR 261 per share.

Riyadh – Mubasher: The Saudi Exchange (Tadawul) has approved a formal request submitted by the Ministry of Finance to list government debt instruments issued by the Kingdom of Saudi Arabia. The total value of the debt instruments to be listed amounts to SAR 12.35 billion, issued in accordance with the current listing rules of the Saudi capital market. The approval covers two specific issuances. The first issuance, designated as 10 July 2026, carries a total value of SAR 10.55 billion.

Riyadh – Mubasher: Hedab Alkhaleej Trading Company has commenced its electronic voting for its Ordinary General Meeting (OGM), scheduled to be held virtually on 21 July 2026. The electronic voting process will open to shareholders via the Tadawulaty platform starting from 1:00 AM on 17 July 2026 and will remain available until the conclusion of the assembly. The upcoming meeting is slated to begin at 6:30 PM on 21 July.

Riyadh- Mubasher: Derayah Financial announced an update regarding non-fundamental changes to Derayah REIT Fund following initial board approval disclosed on 1 July 2026. The fund manager confirmed that these administrative adjustments are scheduled to come into effect on 30 July 2026, according to a bourse disclosure. The modifications involve several operational aspects of the fund, specifically updating the list of service providers and adjusting the fees paid to the fund’s legal accountant.

Riyadh – Mubasher: Digital Research Company (DRC) has completed the fractional share sale process and the subsequent distribution of proceeds to eligible shareholders. The sale follows the company’s capital increase, which received approval during the extraordinary general meeting (EGM) held on 28 June 2026. The company concluded the sale of 301 fractional shares on 2 July 2026, generating total proceeds of SAR 7,101. The shares were sold at an average price of SAR 23.59 per share.

Riyadh - Mubasher: Durrat Al Raed for Real Estate Investment, a special purpose vehicle of Arabian Centres Company (Cenomi Centers), has signed a Sharia-compliant Murabaha financing agreement with Riyad Bank. The facility increases existing financing from SAR 1 billion to SAR 2.70 billion through an additional SAR 1.70 billion allocation, according to a bourse disclosure.

Riyadh – Mubasher: Theeb Rent a Car Company has inaugurated two new branches in the Southern Region, located in Muhayil Asir and Abha. The expansion brings the total number of the company's branches in the Southern Region to 13 and increases its overall network across Saudi Arabia to 72 locations. The Muhayil Asir branch is situated on King Abdulaziz Road in the Al Rawda district, while the Abha branch is located on King Abdullah Road in the Al Nuzha district.

Riyadh - Mubasher: Al Yamama Rebar Company, a unit of Al Yamamah Steel Industries Company, has identified Italy’s Danieli as the specialized European firm contracted for the production of steel billets. The disclosure serves as a formal update to the company's previous announcement made on 15 July 2026. Under the terms of the agreement, Danieli will be responsible for the manufacturing, supply, and installation of equipment required for steel billet production.

Riyadh - Mubasher: Mutakamela Insurance Company has appointed Nabil bin Azzouz as a non-executive member of its board of directors. The decision, initially approved by the board on 22 June 2026, fills a vacant seat following the receipt of no-objection from regulatory authorities on 15 July. The appointment will continue until the conclusion of the current board cycle on 8 August 2028.