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‎MSGA issues prospectus to float 11.1M shares on Nomu

Thu, 21 May 2026 20:41:00 GMT

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Logo ofMSGA Investment Co.

MSGA Investment Co. issued today, May 21, the prospectus to float 11.11 million shares on the Nomu-Parallel Market.

The offered shares represent 10% of the company's post-IPO capital and 11.11% of pre-IPO capital.

In March, the CMA approved the company's application to list its shares on Nomu.

The IPO will be limited to qualified investors, as per the Capital Market Authority's (CMA) instructions. The share offering will run for six days during the period from June 17-24, 2026.

The company will allocate the full net proceeds from the offering toward implementing its expansion plan aimed at strengthening its market presence and achieving sustainable growth.

MSGA Investment Company was established in 2020 in Riyadh. It is a real estate company operating in the field of property development and investment through the development and construction of residential and non-residential units.

The company focuses on developing housing projects targeting the affordable housing sector, in addition to providing real estate development, contracting, and brokerage services. It also owns a subsidiary called MSGA First Real Estate Development Company.

Company Profile
Company	MSGA Investment Co.
Market	Nomu - Parallel Market
Core Activities	Real estate development
Pre-IPO Capital	SAR 100 mln
Number of Shares	100 mln ordinary shares
Post-IPO Capital	SAR 111.11 mln
Number of shares after IPO	111.11 mln ordinary shares
Nominal Value	SAR 1 per share

IPO Summary
Issue Percentage	11.11% of pre-IPO capital and 10% of post-IPO capital
Offered shares	11.11 mln
IPO Minimum Limit	100 shares
IPO Maximum Limit	5550000 shares
Offer period	For six working days from June 17-24, 2026.
Final Allocation	June 28, 2026
Refund (if any)	June 30, 2026

Company Shareholders
Shareholders	Before IPO		After IPO
Shareholders	Number of Shares (mln)	Ownership (%)	Number of Shares (mln)	Ownership (%)
Muhammed Ali Saud Al-Saqri	100.00	100%	100.00	90%
QFIs	--	--	11.11	10%
Total	100.00	100 %	111.11	100%

Additional Information
Financial Advisor and Lead Manager	Yaqeen Capital
Receiving Banks	Alinma Capital, Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, ANB Capital, Alibilad Capital, AlJazira Capital, Alistithmar Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, GIB Capital, Musharaka Capital, EFG-Hermes, Awaed Alosool Capital, Dinar Investment, Derayah Financial

‎Al Jouf Cement inks SAR 27.8M contract for power interconnection work

Thu, 21 May 2026 19:49:00 GMT

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Logo of Al Jouf Cement Co.

Al Jouf Cement Co. signed a contract worth SAR 27.8 million with ALTEC LIMITED, for the design, supply, and installation of electrical interconnection works.

In a statement to Tadawul today, May 21, Al Jouf Cement explained that the six-month contract entails the design, supply, and installation of electrical interconnection works for ALTEC’s plant in Turaif under the Liquid Fuel Displacement Program, on a turnkey basis.

The project is expected to contribute to enhancing energy consumption efficiency and reducing emissions associated with electricity generation within the company’s facilities. It will also improve the reliability and efficiency of operational processes, thereby supporting the stability and sustainability of production operations.

The financial and operational impact of the project is expected to materialize following the completion of the implementation phase and the commencement of commercial operations during the first quarter of 2027, according to the statement.

There were no related parties involved in the deal, it noted.

‎Aqaseem terminates MoU to acquire 40% of Leader Express

Thu, 21 May 2026 19:13:00 GMT

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Logo ofAqaseem Factory for Chemicals and Plastics Co.

Aqaseem Factory for Chemicals and Plastics Co. announced that, after completing the relevant studies and discussions Leader Express for Car Services, a final agreement has not been reached regarding the completion of the planned acquisition.

Therefore, the related MoU was terminated and cancelled, it said in a statement to Tadawul today, May 21.

According to Argaam’s data, Aqaseem signed, on Nov. 27, 2025, a non-binding MoU to acquire a 40% stake in Leader Express, a limited liability company operating in the automotive services sector.

‎Armah leases land in Riyadh for 2 B-FIT sports clubs

Thu, 21 May 2026 18:44:00 GMT

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Logo of Armah Sports Co.

Armah Sports Co. signed today, May 21, a land lease agreement for a 5,821-square-meter (sqm) plot with the heirs of Mohammed Suliman Al-Yahya to establish and operate two sports clubs under its “B-FIT” brand.

The lands are located in Abu Bakr Al-Siddiq Road in Riyadh’s Al Narjis District, according to a statement to Tadawul.

The lease agreement runs for 20 years, starting after a 24-month grace period from the handover date. The total contract value, including the two-year grace period, exceeds 36% of the company’s revenue based on its audited 2025 financial statements, excluding VAT, the statement added.

The project is expected to be completed within two years, with the related financial impact set to begin showing upon operational kick-off.

Armah said it will appoint a contractor to build the two clubs and will announce any material developments in this regard in due course.

The project is one of several initiatives aimed at developing integrated sports clubs as part of the company’s expansion strategy through prime locations to achieve targeted growth and returns, with no related parties to the deal, the company said.

Armah generated nearly SAR 225 million in revenue in 2025, of which 36% represents approximately SAR 81 million, according to Argaam’s data.

‎Miahona shareholders to vote on 15% cash dividend for 2025 on June 14

Thu, 21 May 2026 17:53:00 GMT

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‎Armah secures SAR 110M credit facility from SNB

Thu, 21 May 2026 17:38:00 GMT

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Logo ofArmah Sports Co.

Armah Sports Co.signed today, May 21, a Shariah-compliant Murabaha financing facility agreement worth SAR 110 million with Saudi National Bank (SNB).

In a statement to Tadawul, the company said the five-year financing was obtained by submitting a promissory note and a real estate mortgage as collateral.

The facility will be used to finance working capital needs, as well as equipment, décor, and furniture for the company’s clubs, the statement added.

‎FADECO begins exports to Iraq, Djibouti

Thu, 21 May 2026 17:33:00 GMT

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Logo of Arabian Food and Dairy Factories Co. (FADECO)

Arabian Food and Dairy Factories Co. (FADECO) announced today, May 21, the start of exports to Iraq and Djibouti, as part of its regional expansion strategy and strengthen the presence of its products in foreign markets.

In a statement to Tadawul, the company said the move marks a key milestone in its growth strategy, as it seeks to enter new markets and boost export volumes to support future revenue and enhance shareholder value.

FADECO added that it continues to explore expansion opportunities in additional regional and international markets, in line with its sustainable growth strategy and efforts to strengthen its position in the food and dairy sectors.

‎Raya Financing announces first quarterly distribution of sukuk returns

Thu, 21 May 2026 16:01:00 GMT

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Logo ofRaya Financing Co.

Raya Financing Co. announced the first quarterly distribution of sukuk returns for the period ended May 19, 2026.

First Quarterly Distribution
Total Amount	SAR 6.38 mln
Number of Sukuk Eligible	300,000
Coupon Value per Sukuk	SAR 21.25
Number of Days to Maturity/Payment	89 days
Eligibility	ay 18, 2026 (for holders registered with Edaa)
Payment Date	May 19, 2026

In a statement on Tadawul, Raya Financing said that it transferred the distribution amount to the paying agent well ahead of the payment date. However, some sukuk holders experienced delays in receiving distributions due to operational issues during the transfer process to investors.

It added that the net distribution amount payable to sukuk holders subject to withholding tax may differ from the amount stated above.

‎Alinma Bank completes two SAR, USD sukuk offerings

Thu, 21 May 2026 11:40:00 GMT

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Logo of Alinma Bank

Alinma Bank said it completed its USD-denominated perpetual Additional Tier 1 (AT 1) Capital Sukuk issuance under its AT 1 Capital Sukuk Program.

The sukuk issuance is expected to be settled on June 3, 2026.

Offering Details
Type of Issue	Perpetual, dollar-denominated AT-1 capital sukuk, under the AT-1 capital sukuk program
Offering Value	$500 million
Number of Sukuk	2500
Nominal Value/ SAK	$200,000
Return/ Sak	6.625% per annum
Maturity	Perpetual, callable after 5.5 years
Terms of Redemption	The certificates may be redeemed in certain cases as detailed in the Offering Circular in relation to the AT-1 Capital Certificate Issuance Program

The sukuk will be listed on London Stock Exchange (LSE); the sukuk may only be sold in accordance with Regulation S under the US Securities Act of 1933, as amended.

In a separate statement to Tadawul, the bank said it completed offering SAR-denominated Additional Tier 1 Capital Sukuk worth SAR 3 billion under its Additional Tier 1 Capital Sukuk Program.

Details
Type of Issue	SAR-denominated Additional Tier 1 Capital Sukuk under the program.
Offering Value	SAR 3 billion
Number of Sukuk	3,000 sukuk, based on the minimum denomination and total issue size.
Nominal Value/ Sak	SAR 1 million
Return/Sak	6.5% per annum.
Maturity	Perpetual sukuk with no fixed maturity date.
Terms of Redemption	The sukuk may be redeemed in certain cases, as detailed in the offering document related to the program.

According to data compiled by Argaam, Alinma Bank began earlier this month the offering of SAR-denominated Additional Tier 1 Capital Sukuk under its Additional Tier 1 Capital Sukuk Program, valued at SAR 5 billion.

‎Al Mohafaza signs cooperation deal with KAU’s Applied Faculty

Thu, 21 May 2026 11:03:00 GMT

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Logo ofAl Mohafaza Company for Education

Al Mohafaza Company for Educationsigned a cooperation agreement with King Abdulaziz University (KAU), represented by the Applied Faculty, to operate the Saudi Commission for Health Specialties (SCFHS)-accredited healthcare diploma programs, as well as theoretical diplomas and professional certificates.

In a statement on Tadawul, the company said that the five-year agreement aims to align education and training outcomes with labor market needs, effective as of the signing date.

The agreement seeks to establish an integrated cooperation model in applied education and vocational training through high-quality programs designed to develop national talent, enhance professional readiness, and expand opportunities in the healthcare, administrative, and professional sectors, in line with Saudi Vision 2030 and the Human Capability Development Program (HCDP).

It also marks a strategic step in its efforts to build high-quality partnerships with leading national universities.

Al Mohafaza added that cooperation with King Abdulaziz University will open wider opportunities to develop educational and training programs with professional and investment impact, while strengthening its presence in the education and specialized training sector.

The company is keen to capitalize on opportunities in applied and healthcare education, expand high-impact programs, diversify growth areas, and enhance investment efficiency in capabilities, expertise, and partnerships.

The agreement does not entail any direct financial obligations for either party at this stage, and any material financial impact will be disclosed when future executive agreements or contracts are concluded.

‎Alkhabeer Capital gets CMA nod to delist traded fund

Thu, 21 May 2026 11:01:00 GMT

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Logo ofAlkhabeer Growth and Income Traded Fund

Alkhabeer Capital Co., the fund manager of Alkhabeer Growth and Income Traded Fund, received approval from the Capital Market Authority (CMA) to delist the fund as a listed closed-end investment fund.

In a statement to Tadawul, the company said, following this approval, the fund will be converted into an open-ended public investment fund.

The company outlined the expected timeline for completing the delisting and conversion process, which includes holding a unitholders’ meeting, followed by suspending trading of the units, then delisting the fund and completing the conversion.

Timeline
CMA approval for the delisting request and announcement of implementation plan	May 21, 2026
Invitation to unitholder meeting	May 31, 2026
Unitholder meeting	June 14, 2026
Announcement of meeting results	June 15, 2026
Suspension of unit trading	June 18, 2026
Fund delisting	June 25, 2026
Launch of the fund as an open-ended public fund and enabling subscriptions and redemptions	June 29, 2026

According to data available with Argaam, the fund's board of directors approved in December 2025 a recommendation by the fund manager to delist the fund as a listed closed-end investment fund and convert it into an open-ended public investment fund.

This will allow unitholders to exit or increase their investments based on the net asset value per unit.

For more details on the alternative timeline in case the quorum for the first meeting is not met:

Timeline for the Delisting of Alkhabeer Growth and Income Fund

‎Wajd Life wins SAR 39.3M contract from Majmaah University

Thu, 21 May 2026 10:54:00 GMT

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Logo ofWajd Life Trading Co.

Wajd Life Trading Co. won a tender from Majmaah University at a value of SAR 39.28 million.

In a statement to Tadawul, the company said the project includes the operation, maintenance, and cleaning of Majmaah University’s colleges and facilities.

There are no related parties to the contract award, the statement added.

‎Southern Cement shareholders vote on 2.5% H2 2025 payout June 15

Thu, 21 May 2026 10:48:00 GMT

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‎Sahat Almajd shareholders approve 15% dividend for H2 2025

Thu, 21 May 2026 10:32:00 GMT

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Logo ofSahat Almajd Trading Co.

Shareholders of Sahat Almajd Trading Co. greenlight a cash dividend of 15% of capital, or SAR 0.15 per share, for H2 2025, according to a Tadawul statement.

Dividend Details (H2 2025)
Current Capital	SAR 39.37 mln
No. of Shares	39.37 mln
Nominal Value	SAR 1/share
Total Dividend	SAR 5.91 mln
Percentage of Capital	15% (SAR 0.15 per share)
Record Date	May 20, 2026, includingshareholders registered with Edaa by the close of the second trading day following the record date
Payment Date	June 10, 2026

Total Dividend (2025)
Total Dividend	SAR 11.82 mln
Percentage of Capital	30% (SAR 0.3 a share)

Shareholders also authorized the board to distribute interim dividends for 2026 on a semi-annual or quarterly basis.

In addition, they approved the board’s recommendation to reallocate IPO proceeds totaling SAR 28.71 million, as outlined in the prospectus dated June 18, 2025, to be fully utilized.

‎TADCO approves 2030 strategy

Thu, 21 May 2026 10:25:00 GMT

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Logo ofTabuk Agricultural Development Co. (TADCO)

Tabuk Agricultural Development Co. (TADCO) said it is implementing several strategic and operational initiatives, most notably a five-year strategic plan for 2026-2030 approved by the board of directors.

The plan aims to develop the company’s operations, enhance asset utilization efficiency, boost revenue growth, and improve financial and operational sustainability in line with its future direction.

The company is also implementing initiatives to improve operational efficiency and rationalize expenses, according to a statement to Tadawul today, May 21.

These initiatives include reducing general and administrative expenses, as well as reviewing and optimizing marketing and distribution costs.

The measures are part of efforts to improve financial performance and strengthen sustainability, with a target to cut expenses by nearly 40% by the end of 2026.

TADCO also signed a consulting agreement with Deloitte Financial Advisory Services Co. to provide specialized consulting services.

The agreement includes independent professional reviews and analyses of certain financial, operational, control, and governance aspects related to previous periods through the end of 2025.

It aims to support performance efficiency, improve procedures, and strengthen internal controls in line with best professional practices.

TADCO continues to explore partnership and cooperation opportunities with specialized investment and operational entities to support its future plans and maximize the utilization of its assets and operational capabilities, the statement added.

The company affirmed its commitment to continuing development initiatives and plans in accordance with best professional and regulatory practices to serve the interests of shareholders and support business sustainability.

According to data available with Argaam, TADCO’s board of directors recommended reducing capital by 80.47% from SAR 391.77 million to SAR 76.52 million, to offset accumulated losses.

The company’s accumulated losses stood at SAR 315.24 million as of March 31, 2026, representing 80.47% of its capital.