Economy page

Luberef signed a memorandum of understanding with Saudi Aramco to study the establishment of a base oils plant in Jazan. This is a strategic step to boost Group III production and support the national economy.

Asas Makin renews a credit facility agreement with Bank Al-Jazira worth 200 million riyals to finance the purchase of land and the development of real estate projects as part of its expansion in the Saudi market.

Marafiq announced that it has received a notification from Aramco regarding adjustments to energy product prices starting in 2026, estimating the financial impact at a 5.6% increase in the cost of sales, with plans to improve efficiency.

Asas Makin Company receives invoices for white land fees worth 1.65 million riyals and announces its intention to object, confirming that its lands are under development and the system does not apply to them.

Details of Al-Rashid Company’s announcement regarding the deposit of fractional share amounts resulting from the capital increase into shareholders’ accounts, with an average selling price of 78.10 riyals per share.

Al Khuzama Trading Company announced the awarding of a catering services agreement to the Ministry of Finance. Learn about the contract details, the expected signing date, and its economic impact.

Qassim Cement receives notification from Aramco regarding fuel price adjustments starting in 2026. Learn about the details and the impact on production costs and the industrial sector competitiveness program.

Saco has announced the closure of its franchised showroom in Tabuk by 2026. Read the full details of the decision and the expected financial impact on the financial statements.

The board of directors of Al Qassim Holding Company (JACO) has recommended a capital increase of SAR 300 million through a rights issue. Learn more about the eligibility details and strategic plans.

Arabian Cement Company announced an expected 11% increase in production costs starting in 2026 following Aramco's notification of fuel price adjustments. Learn more about the details and impact of this decision.