Sector News

Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) skyrocketed 392.61% year-on-year (YoY) to SAR 108.72 million in the first quarter (Q1) of 2024 from SAR 22.07 million. Revenues soared 385.13% YoY to SAR 122.98 million …

Riyadh – Mubasher: The Capital Market Authority (CMA) approved for Amlak International Finance Company to increase its capital by 12.50% or SAR 113.25 million through the issuance of 11.32 million bonus shares. The company will issue one bonus …

Riyadh – Mubasher: Quara Finance Company reported a 5.80% year-on-year (YoY) growth in net profit to SAR 53.78 million in 2023 from SAR 50.83 million. Revenues increased by 10.44% YoY to SAR 187.61 million last year from SAR 169.87 million, …

Riyadh – Mubasher: Kingdom Holding Company logged an 85.44% year-on-year (YoY) plunge in net profit to SAR 1.01 billion in 2023 from SAR 6.95 billion. Revenues grew 8.48% YoY to SAR 2.70 billion last year from SAR 2.49 billion, according to the …

Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) jumped 48.49% year-on-year (YoY) to SAR 148.80 million in 2023 from SAR 100.21 million. Revenues soared 55.23% YoY to SAR 180.15 million last year from SAR 116.05 …

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) and a subsidiary have purchased 567,212 shares in Baladi Poultry Company for an average share price of SAR 126.66, totalling SAR 71.84 million. The purchases were made in separate batches …

Riyadh – Mubasher: Morabaha Marina Financing Company posted a 31.11% year-on-year (YoY) drop in net profit to SAR 31 million in 2023 from SAR 45 million. The company’s revenues grew 7.15% YoY to SAR 169.40 million last year from SAR 158.10 …

Riyadh – Mubasher: The net profits of Nayifat Finance Company plummeted by 48.26% to SAR 88.71 million in 2023 from SAR 171.45 million in 2022. The revenues amounted to SAR 396.96 million as of 31 December 2023, up 1.18% year-on-year (YoY) from …

Riyadh – Mubasher: The net profits of Saudi Tadawul Group Holding Company declined by 8.12% to SAR 390.10 million in 2023 from SAR 424.60 million a year earlier. The group witnessed 1.60% year-on-year (YoY) lower revenues at SAR 1.07 billion as of …

Riyadh – Mubasher: Saudi Home Loans Company (SHL) registered SAR 2.32 million in net profit during 2023, lower by 97.57% year-on-year (YoY) than SAR 95.88 million. The earnings per share (EPS) plummeted to SAR 0.02 last year from SAR 0.96 in 2022, …

Riyadh – Mubasher: Quara Finance Company is set to begin the listing and trading of its shares on the Parallel Market (Nomu) on Thursday, 7 March 2024. Under the symbol 9596, the Saudi firm will float 2.65 million ordinary shares, representing …

Riyadh – Mubasher: Amlak International Finance Company recorded a 67.12% year-on-year (YoY) decline in net profit to SAR 31.80 million in 2023 from SAR 96.72 million the year before. The earnings per share (EPS) reached SAR 0.35 last year, down …

Riyadh – Mubasher: Saudi Tadawul Group Holding is set to organize the first international Capital Market Forum on 9 May 2024, announced Khalid Al Hussan, the group's CEO. The first international Saudi Capital Market Forum will be organized in Hong …

Riyadh – Mubasher: The Saudi Capital Market Forum remains committed to fostering market diversification and uniting unique perspectives, an objective that drives the global capital market agenda forward, the Group Chief Sales and Marketing Officer …

Riyadh – Mubasher: Saudi Tadawul Group Holding Company has obtained Islamic Sharia-compliant banking facilities from Al Rajhi Bank at an amount of SAR 500 million. The group secured the loan, on 1 February 2024, to finance its mergers and …

Riyadh – Mubasher: Saudi Tadawul Group Holding Company has entered into a binding agreement with the shareholders of DME Holdings Limited to acquire a 32.60% stake in Dubai Mercantile Exchange (DME). Subject to pre-closing terms and conditions, …

Riyadh – Mubasher: Kingdom Holding Company purchased Citi Group’s shares for a total value of SAR 1.68 billion ($449.56 million) on 28 November 2023, according to a bourse disclosure. The Tadawul-listed company bought the shares from its Chairman, …

Riyadh – Mubasher: Kingdom Holding Company posted an annual plunge of 87.23% in net profit after Zakat and tax to SAR 856.17 million during the first nine months (9M) of 2023, compared to SAR 6.70 billion. Revenues rose by 5.63% year-on-year (YoY) …

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) logged net profits after Zakat and tax valued at SAR 111.17 million in the first nine months (9M) of 2023, marking a 38.34% leap from SAR 80.36 million in 9M-22. The earnings per share …

Riyadh – Mubasher: The net losses after Zakat and tax of Sinad Holding Company hiked by 31.22% to SAR 84.90 million in the first nine months (9M) of 2023 from SAR 64.70 million in 9M-22. Revenues dropped by 9.68% to SAR 1.18 billion as of 30 …

Riyadh – Mubasher: Saudi Home Loans Company (SHL) posted net profits worth SAR 9.81 million in the first nine months (9M) of 2023, an annual plunge of 87.74% from SAR 80.04 million. Earnings per share (EPS) hit SAR 0.10 as of 30 September 2023, …

Riyadh – Mubasher: Morabaha Marina Financing Company saw a marginal rise of 0.39% in net profit to SAR 36.44 million during the first nine months (9M) of 2023 when compared to SAR 36.30 million in 9M-22. The earnings per share (EPS) levelled up to …

Riyadh – Mubasher: Al Baha Investment and Development Company turned to net profits after Zakat and tax of SAR 2.42 million in the first nine months (9M) of 2023, compared with net losses of SAR 4.81 million in 9M-22. The company’s revenues rose …