Sector News

Riyadh – Mubasher: The net profits of Seera Group Holding amounted to SAR 131 million in the first half (H1) of 2024, up 5.64% year-on-year (YoY) from SAR 124 million. Earnings per share (EPS) fell to SAR 0.33 as of 30 June 2024 from SAR 0.41 in …

Riyadh – Mubasher: The net losses of Herfy Food Services Company widened by 180.80% year-on-year (YoY) to SAR 23.24 million in the first half (H1) of 2024, compared to SAR 8.27 million. The revenues amounted to SAR 590.16 million in H1-24, an …

Riyadh – Mubasher: Alkhaleej Training and Education Company logged net profits standing at SAR 68.31 million in the first half (H1) of 2024, higher by 1,592% than SAR 4.03 million in H1-23. The revenues amounted to SAR 539.45 million as of 30 June …

Riyadh – Mubasher: Tourism Enterprises Company (Shams) generated a 125.64% year-on-year (YoY) leap in net profit to SAR 6.91 million during the first half (H1) of 2024, compared to SAR 3.06 million. The revenues totalled SAR 4.20 million in H1-24, …

Riyadh – Mubasher: Leejam Sports Company’s consolidated net profit by jumped by 23.70% year-on-year (YoY) to SAR 167 million during the first half (H1) of 2024 from SAR 135 million. The company’s revenue increased by 18.65% YoY to SAR 687 million …

Riyadh – Mubasher: Shatirah House Restaurant Company (Burgerizzr) reported a 104.91% year-on-year (YoY) surge in net profit to SAR 6.68 million in the first half (H1) of 2024 from SAR 3.26 million. Sales grew by 10.68% YoY to SAR 146.07 million in …

Riyadh – Mubasher: Armah Sports Company signed a building lease contract on Mecca Road to develop and operate two new fitness clubs under one of its brands, according to a bourse filing. These clubs will feature enhanced facilities and a wide …

Riyadh – Mubasher: Leejam Sports Company has announced changing its name on the Saudi Exchange (Tadawul) from Fitness Time to Leejam Sports. The decision aims to align the company’s name with its vision of being the leader in the sports and …

Riyadh – Mubasher: Shatirah House Restaurant Company (Burgerizzr) has appointed Mohammed bin Ali Al Ruwaigh as the Chairman of the board for the coming four years. Sami bin Mohammed Obaid has been named as the Vice Chairman for the same board …

Riyadh – Mubasher: Armah Sports Company penned a land lease contract to develop and operate two fitness clubs as well as commercial and office spaces in Al Wadi District, according to a bourse filing. Under the brand OPTIMO, the clubs will be …

Riyadh – Mubasher: Jahez International Company for Information System Technology has submitted an official request to transfer from the Parallel Market to the Main Market of the Saudi Exchange (Tadawul). The request was submitted on 7 July 2024 …

Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …

Riyadh – Mubasher: Jahez International Company for Information System Technology purchased real estate in Riyadh at a value of SAR 150 million, according to a bourse statement. Located in Almohammadiyah district in Riyadh, the land has a …

Riyadh – Mubasher: Academy of Learning Company inked a joint cooperation contract with Bunyan Training Company on 9 June 2024, according to a bourse filing. The agreement marks the first step of several subsequent projects between the two …

Riyadh – Mubasher: The shareholders of Leejam Sports Company (Fitness Time) approved cash dividends amounting to SAR 50.81 million in the first quarter (Q1) of 2024. The company will disburse a dividend of SAR 0.97 per share, equivalent to 9.70% …

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Academy of Learning Company to increase its capital by issuing one bonus share for every two owned shares. The new capital will stand at SAR 90 million distributed …

Riyadh – Mubasher: The board members of Tourism Enterprises Company (Shams) appointed Khaled Abdul Aziz Al Bawardi as the Chairman for the next three years. Abdullah bin Omar Al Suwailem, who was named as the company’s CEO, was announced as the …

Riyadh – Mubasher: Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) decreased its accumulated losses from 36.20% to 34.90% of the SAR 315 million capital. The group reported accumulated losses valued at SAR 109.94 million in …

Riyadh – Mubasher: Seera Group Holding’s net profit grew 7.01% year-on-year (YoY) to SAR 61 million in the first quarter (Q1) of 2024 from SAR 57 million. Revenues surged 35.76% YoY to SAR 1.07 billion in Q1-24 from SAR 794 million, according to …

Riyadh – Mubasher: Alkhaleej Training and Education Company posted a 1,647% year-on-year (YoY) leap in net profit to SAR 65.02 million during the first quarter (Q1) of 2024, versus SAR 3.72 million. The listed firm generated revenues amounting to …

Riyadh – Mubasher: Egypt’s hybrid national airline Air Cairo has partnered with the Saudi travel company Almosafer, a subsidiary of Seera Group Holding, to become the exclusive general sales agent (GSA) of Air Cairo in Saudi Arabia, according to a …

Riyadh – Mubasher: Leejam Sports Company (Fitness Time) logged net profits valued at SAR 94 million in the first quarter (Q1) of 2024, an annual rise of 49.20% from SAR 63 million. The listed firm posted 24.18% higher revenues at SAR 344 million …

Riyadh – Mubasher: The board members of Academy of Learning Company recommended a 50% capital increase to SAR 90 million from SAR  60 million by granting one bonus share for every two owned shares. The Saudi firm will transfer an amount of SAR 30 …