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9 July 02:59 PM Othaim Markets pens SAR 331.5m lease agreement
Riyadh – Mubasher: Abdullah Al Othaim Markets Company inked a SAR 331.53 million contract with the General Organization for Social Insurance to lease land in Dammam, according to a bourse filing. The deal, which was signed on 8 July 202, covers …
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7 July 11:13 AM BinDawood, Regional Group ink MoU to open 8 branches in Qatar
Riyadh – Mubasher: BinDawood Holding Company has signed a non-binding memorandum of understanding (MoU) with Regional Group Company in Qatar for commercial franchise rights to open eight branches under BinDawood brand in Qatar. The deal comes in …
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2 July 10:07 AM Almunajem Foods establishes new company in Riyadh
Riyadh – Mubasher: Almunajem Foods Company’s board of directors has approved launching a new company in Saudi Arabia’s capital of Riyadh with a share capital of SAR 1 million. The new company will operate integrated logistics services, according …
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11 June 10:21 AM Thimar enters into real estate investment
Riyadh – Mubasher: Thimar Development Holding Company plans to invest SAR 6 million in a real estate fund licensed by the Capital Market Authority (CMA) to develop a residential tower in Riyadh. Located in Olaya District, the project is expected …
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9 June 10:48 AM Mouwasat, Aldawaa Medical Services establish medical firm
Riyadh – Mubasher: Mouwasat Medical Services Company has joined forces with Aldawaa Medical Services Company and established Modawa and Rieaya Medical Company Limited. The new joint venture (JV) will manage medical clinics activities through its …
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6 June 11:02 AM Al Babtain Food names new Chairman, Vice Chairman
Riyadh – Mubasher: Abdulaziz & Mansour Ibrahim Albabtain Company (Al Babtain Food) has appointed Mansour Ibrahim Abdullah Ababtain as the board’s Chairman for the next three years. Abdul Aziz Ibrahim Abdullah Al Babtain was announced as the Vice …
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29 May 10:52 AM Almunajem Foods to disburse SAR 75m dividends for H1-24
Riyadh – Mubasher: Almunajem Foods Company announced cash dividends amounting to SAR 75 million, representing 12.50% of the capital, for the first half (H1) of 2024. The Saudi firm will disburse a dividend of SAR 1.25 per share for 60 million …
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16 May 11:22 AM BinDawood’s profits surge 16% in Q1-24; dividends for H2-23 unveiled
Riyadh – Mubasher: BinDawood Holding Company registered 15.98% higher net profits at SAR 60.54 million in the first quarter (Q1) of 2024, compared to SAR 52.20 million in Q1-23. Revenues witnessed a 6.64% year-on-year (YoY) growth to SAR 1.47 …
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13 May 03:39 PM Almunajem Foods sees 39% higher net profits in Q1-24
Riyadh – Mubasher: Almunajem Foods Company registered a 39.19% leap in net profit to SAR 114 million during the first quarter (Q1) of 2024, compared to SAR 81.90 million in Q1-23. Revenues edged up by 0.09% to SAR 902.90 million as of 31 March …
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13 May 03:08 PM Othaim Markets unveils lower profits in Q1-24, dividends
Riyadh – Mubasher: Abdullah Al Othaim Markets Company posted an annual decline of 2.98% in net profit to SAR 116.43 million during the first quarter (Q1) of 2024, compared to SAR 120.01 million. Revenues increased by 9.03% year-on-year (YoY) to …
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8 May 01:18 PM Nahdi Medical’s profit shrinks 5% YoY in Q1-24
Riyadh – Mubasher: Nahdi Medical Company reported a 4.66% year-on-year (YoY) decline in net profit to SAR 232.90 million in the first quarter (Q1) of 2024 from SAR 244.30 million. Revenues increased by 7.24% YoY to SAR 2.25 billion in Q1-24 from …
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30 April 11:22 AM Almunajem Foods acquires 23% additional stake in Balady Poultry
Riyadh – Mubasher: Almunajem Foods Company has signed a binding share purchase agreement with existing shareholders in Balady Poultry Company. Under the agreement, Almunajem Foods will buy around 1.51 million shares, representing 23% of …
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29 April 07:17 PM Aldawaa Medical Services achieves 25% higher net profits in Q1-24
Riyadh – Mubasher: Aldawaa Medical Services Company recorded a 25.01% growth in net profit to SAR 95.32 million during the first quarter (Q1) of 2024 compared with SAR 76.25 million in Q1-23, according to the financial results. The earnings per …
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28 April 05:35 PM Thimar obtains regulatory nod for 74% capital reduction
Riyadh – Mubasher: Thimar Development Holding Company received on 25 April 2024 the Capital Market Authority’s (CMA) approval for a 74% capital cut. Thimar will shrink its capital by SAR 185 million from SAR 250 million to SAR 65 million, …
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28 April 04:44 PM Almunajem Foods’ board nods for building new factory
Riyadh – Mubasher: Almunajem Foods Company’s board approved establishing a new factory to produce poultry, red meat, seafood, and dairy products with around SAR 157 million in investments. The new factory will have a production capacity of 35,000 …
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18 April 10:30 AM Thimar creates new subsidiary to expand business
Riyadh – Mubasher: Thimar Development Holding Company has established a new company called Thimar Towers Development and Real Estate Investment Company The newly created firm, a limited liability company of one person, is headquartered in Riyadh, …
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19 March 11:55 AM Aldawaa Medical Services’ net profit rises 8% YoY in 2023
Riyadh – Mubasher: Aldawaa Medical Services Company recorded a 7.78% year-on-year (YoY) increase in net profit to SAR 329.22 million in 2023 from SAR 305.44 million. Revenues grew 6.87% YoY to SAR 5.74 billion last year from SAR 5.37 billion, …
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18 March 11:12 AM Nahdi Medical’s net profit shows slight increase in 2023; dividends approved
Riyadh – Mubasher: Nahdi Medical Company’s net profit edged higher by 0.54% year-on-year (YoY) to SAR 892.60 million in 2023 from SAR 887.80 million. Revenues grew 1.13% YoY to SAR 8.71 billion last year from SAR 8.61 billion, according to the …
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11 March 11:24 AM BinDawood Holding logs over 120% YoY higher profit in 2023
Riyadh – Mubasher: BinDawood Holding Company posted a 120.52% year-on-year (YoY) jump in net profit to SAR 275.06 million in 2023 from SAR 124.73 million. The company’s revenues grew 14.41% YoY to SAR 5.60 billion last year from SAR 4.89 billion, …
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7 February 09:38 AM Othaim Markets logs SAR 487.5m profits in 2023
Riyadh – Mubasher: Abdullah Al Othaim Markets Company achieved SAR 487.51 million in net profit during 2023, marking a 54.83% year-on-year (YoY ) plunge from SAR 1.07 billion. The revenues hit SAR 10.20 billion as of 31 December 2023, up 6.85% …
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25 January 12:57 PM Almunajem Foods records SAR 282m net profits in 2023, sees leap in Q4 results
Riyadh – Mubasher: Almunajem Foods Company achieved net profits after Zakat and tax worth SAR 282.20 million in 2023, signalling a 2.75% decline from SAR 290.20 million in 2022. The earnings per share (EPS) went down to SAR 4.70 at the end of …
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2 January 03:04 PM Aldawaa Medical Services to pay SAR 106m dividends for H2-23
Riyadh – Mubasher: Aldawaa Medical Services Company announced cash dividends amounting to SAR 106.25 million for the second half (H2) of 2023, according to a bourse filing. A dividend of SAR 1.25 per share, equivalent to 12.50% of the share …
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27 November 2023 05:10 PM Almunajem Foods announces cash dividends for H2-23
Riyadh – Mubasher: Almunajem Foods Company will pay cash dividends worth SAR 120 million for the second half (H2) of 2023. The Saudi firm will disburse SAR 2 per share for 60 million eligible shares, according to a bourse disclosure. The …
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23 November 2023 07:09 PM Leen AlKhair signs nearly SAR 294.5m contract to build factory for Arsan
Riyadh – Mubasher: Leen AlKhair Trading Company has penned a contract with Arsan First Contracting Company to establish and operate a factory. The contract, valued at SAR 294.42 million, covers the construction, engineering, and operational work …
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13 November 2023 03:44 PM Farm Superstores’ net profits rise 16.5% in 9M-23
Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) recorded net profits of SAR 18.72 million in the first nine months (9M) of 2023, a surge of 16.45% compared to SAR 16.07 million in the same period of 2022. The company’s sales rose by …