Stocks News

(Photo Credit: Arabianeye-Reuters)
23 April 05:41 PM Raydan profits down 16% in 2016
Riyadh – Mubasher: Raydan Co’s profits retreated 15.5% to SAR 42.45 million ($11.32 million) in 2016 from SAR 50.22 million ($13.39 million) in 2015. The company attributed the decrease in profits to lower sales and losses of exchange differences, …
(Photo Credit: Company website)
23 April 05:38 PM Tokio Marine not to finalise deal with insurance co
Riyadh – Mubasher: Alinma Tokio Marine’s board decided not to proceed with a technical agreement with Tokio Marine and Nichido Fire Insurance Co Ltd. The insurance company was supposed to provide Alinma Tokio a number of technical services, …
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23 April 05:25 PM Alomar no longer involved in Bahri after new post
Riyadh - Mubasher: The National Shipping Company of Saudi Arabia (Bahri) said that Ibrahim bin Abdul Rahman Alomar, the company’s president, is no more related to the company. The announcement came after a royal decree was issued appointing Alomar …
(Photo Credit: Arabianeye-Reuters)
23 April 05:16 PM Al Baha suspended from OTC trade
Riyadh - Mubasher: Al Baha Investment and Development announced that its shares were suspended from over-the-counter (OTC) trade as a part of the new mechanism. The company said that the move came after the Capital Market Authority (CMA) decision …
(Photo archive)
23 April 04:41 PM Saudi Cable to announce financial results in 8 weeks
Riyadh - Mubasher: Saudi Cable Company will postpone announcing its annual financial results for the year, as the financial advisor’s report is still under studying. The company expects to finalize this task within eight weeks starting from 23 …
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23 April 04:26 PM Mobily turns to losses in Q1
Riyadh – Mubasher: Etihad Etisalat (Mobily) suffered losses of SAR 163 million in the first quarter of 2017 against profits of SAR 20 million in Q1-16. The company turned to losses mainly due to pressures on sales and stoppage of unregistered …
(Photo Credit: Arabianeye-Reuters)
23 April 04:17 PM Dur Hospitality to distribute SAR 0.45/shr for H2-16
Riyadh – Mubasher: Dur Hospitality on Sunday announced that it will distribute cash dividends of 45 halalas per share for the second half of 2016, starting 1 May. The distribution will take place through Riyad Bank and will be automatically …
(Photo Credit: Company website)
23 April 03:43 PM Taiba to distribute SAR 0.40/shr for Q4-16
Riyadh – Mubasher: Taiba Holding Company on Sunday announced distributing cash dividends at 40 halalas per share for the fourth quarter of 2016, starting 25 April. The distributions will take place through National Commercial Bank (NCB) and will …
(Photo archive)
23 April 03:42 PM CMA lifts trading suspension on Alhokair shares
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) lifted the suspension of trading on the shares of Fawaz Abdulaziz Alhokair Company as of 24 April. On Saturday, the CMA had suspended trading on Alhokair's shares after failing to …
(Photo Credit: Press Release)
23 April 03:09 PM Al Marai revenues rise in KSA, GCC
Riyadh – Mubasher: Al Marai Company said its revenues increased in Saudi Arabia and the GCC by 4.7% and 2.1%, respectively, according to a bourse statement. The company’s revenues decreased in other countries by 33.8% year-on-year in the first …
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23 April 01:05 PM NCBC sets Fawaz Alhokair PT at SAR 37.7
Riyadh – Mubasher: NCB Capital said that Fawaz Abdulaziz Alhokair’s first-quarter results beat estimates. The company achieved profits of SAR 79.4 million, which came higher than the investment firm’s expectations of SAR 54.9 million and consensus …
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23 April 12:18 PM Saudi Chemical OKs SAR 95m dividends for H2-16
Riyadh - Mubasher: The extraordinary general meeting (EGM) of Saudi Chemical approved the cash dividends distributed for the first half of 2016. The company distributed dividends at SAR 1.5 per share or 15% of capital, totalling SAR 94.86 million, …
(Photo Credit: Company website)
23 April 12:03 PM SARCO not to distribute dividends for 2016
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Arabia Refineries Company (SARCO) approved the freeze of dividends for fiscal year 2016. The EGM also agreed on the board’s and auditors’ reports for 2016, in addition to amending …
(Photo Credit: Company website)
23 April 11:43 AM Dur shareholders nod to annual dividends
Riyadh – Mubasher: Dur Hospitality Co said its shareholders approved 4.5% dividends or 45 halalas per share for the second half of 2016, according to a bourse statement. Total approved dividends amount to SAR 45 million for H2-16. The shareholders …
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23 April 11:38 AM Al Tayyar sells 75% stake in Sudan unit
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Tayyar Group approved selling its 75% stake in Al Tayyar International Co in Sudan. The stake was sold to Al Shamila Holding Co for SAR 4.22 million ($1.125 million), according to a …
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23 April 10:38 AM Al Jouf to distribute SAR 1/shr cash dividends
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Jouf Agricultural Development on Thursday approved distributing SAR 1 per share, or 10% of capital, as cash dividends for fiscal year 2016. The company will start paying dividends …
(Photo Credit: Company website)
23 April 10:12 AM Southern Cement approves H2 dividends
Riyadh – Mubasher: Southern Province Cement said its shareholders gave the go-ahead on 20 April to 22.5% dividends for the second half of 2016, according to a bourse statement. The company will start distributing dividends on 4 May 2017. The …
(Photo Credit: Arabianeye-Reuters)
23 April 09:52 AM Banque Saudi Fransi approves annual dividends
Riyadh – Mubasher: Banque Saudi Fransi said its shareholders approved 5% dividends or 50 halalas per share for the second half of 2016, according to a bourse statement. Total approved dividends amounted to SAR 601.11 million for H2-16. The …
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23 April 09:31 AM Al Hokair posts Q4 profits of SAR 79m
Riyadh – Mubasher: Fawaz Abdulaziz Al Hokair on Sunday announced achieving profits worth SAR 79.35 million ($21.13 million) in the fourth quarter ended 31 March 2017, 96% higher than the previous quarter, and up from SAR 3.17 million ($844,150 …
Almarai generated net profits of SAR 2.08 billion in 2016 (Photo Credit: Company Website)
23 April 09:06 AM Almarai posts higher Q1 profits on lower expenses
Riyadh – Mubasher: Almarai Company reported a 13.7% year-on-year rise in its profits during the first quarter of 2017, according to a bourse statement. Profits reached SAR 328.3 million ($87.42 million) in Q1-17, compared to SAR 288.7 million …
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22 April 08:02 PM Saudi Arabia to launch biggest goldmine Monday
Riyadh - Mubasher: Saudi Prince Khalid al-Faisal Al Saud, the Governor of Makkah, will officially inaugurate on Monday Al Dawaihi goldmine and factory, the biggest goldmine in Saudi Arabia. The goldmine is owned by the Saudi Arabian Mining Company …
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22 April 05:16 PM CMA suspends trading on Alhokair shares
Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) has announced in a statement on Saturday the Suspension of trading the Shares of Fawaz Abdulaziz Alhokair Company. This comes after Fawaz Alhokair Co. has failed to commit to announce its …
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22 April 02:43 PM Tadawul awaits major events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events next week, between 23 and 27 April, led by the bourse’s decision to amend the transactions settlement cycle. The Saudi Stock Exchange …
(Photo Credit: Arabianeye-Reuters)
20 April 03:35 PM Samba posts SAR 1.2bn profits in Q1
Riyadh – Mubasher: Samba Financial Group reported SAR 1.23 billion in profits ($328 million) for the first quarter of 2017, compared to SAR 1.26 billion ($336 million) in the year-ago period, with a 2.3% decrease. The company attributed the fall …
(Photo archive)
20 April 01:38 PM Bank Albilad’s 2017 earnings to rise 6% - Aljazira Capital
Riyadh – Mubasher: Aljazira Capital expects that Bank Albilad would achieve a net profit of SAR 855 million in 2017, with a 5.77% increase year-on-year. “Albilad’s strong topline performance and higher operating income resulted from solid loans …