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28 March 05:42 PM Yamama Cement obtains SAR 800m financing from Alinma Bank
Riyadh – Mubasher: Yamama Cement Company has received Sharia-aligned banking facilities over three tranches from Alinma Bank at a total value of SAR 800 million. The largest long-term funding is worth SAR 500 million and holds a duration of 10 …
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27 March 11:41 AM Aslak’s net profit plummets 64% YoY in 2023
Riyadh – Mubasher: United Wire Factories Company (Aslak) logged a 64.02% year-on-year (YoY) drop in net profit to SAR 20.40 million in 2023 from SAR 56.70 million. Revenues tumbled 22.76% YoY to SAR 792.80 million last year from SAR 1.02 billion, …
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26 March 01:14 PM Zoujaj’s net profit plummets 54% YoY in 2023
Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) reported a 54.07% year-on-year (YoY) drop in net profit to SAR 47.90 million in 2023 from SAR 104.30 million. Revenues surged 37.04% YoY to SAR 153.90 million last year from SAR …
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26 March 12:00 PM Yamama Cement’s shareholders approve SAR 202.5m dividends for 2023
Riyadh – Mubasher: The shareholders of Yamama Cement Company greenlighted cash dividends amounting to SAR 202.50 million for 2023. The company will disburse SAR 1 per share for eligible shareholders on 1 April 2024, according to a bourse filing. …
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25 March 02:13 PM BCI’s net profit tumbles 37% YoY in 2023
Riyadh – Mubasher: The net profit of Basic Chemical Industries Company (BCI) plunged 37.53% year-on-year (YoY) to SAR 43.98 million in 2023 from SAR 70.40 million. Revenues grew 9.85% YoY to SAR 741.11 million last year from SAR 674.67 million, …
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24 March 04:04 PM Northern Region Cement sees 50% lower profits in 2023; dividends unveiled
Riyadh – Mubasher: The net profits of Northern Region Cement Company plunged by 49.85% to SAR 56.39 million in 2023 from SAR 112.45 million a year earlier. The firm posted 11.59% higher revenues at SAR 689.55 million last year, versus SAR 617.95 …
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24 March 02:17 PM Al Jouf Cement’s consolidated profit leaps 174% YoY in 2023
Riyadh – Mubasher: The consolidated net profit of Al Jouf Cement Company jumped 174.20% year-on-year (YoY) to SAR 84.71 million in 2023 from SAR 30.89 million. Revenues grew 19.70% YoY to SAR 301.48 million last year from SAR 251.86 million, …
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21 March 12:09 PM Alujain Corporation turns to losses in 2023
Riyadh – Mubasher: Alujain Corporation shifted to losses in 2023, recording a net loss of SAR 82.25 million, compared to a net profit of SAR 64.54 million a year earlier. Revenues dropped 26.92% year-on-year (YoY) to SAR 1.39 billion last year …
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20 March 04:55 PM Eastern Province Cement secures SAR 1bn loan from Banque Saudi Fransi
Riyadh – Mubasher: Eastern Province Cement Company obtained credit facilities at an amount of SAR 1 billion from Banque Saudi Fransi on 20 March 2024. The loan will be used for establishing a new production line in the company’s plant site with a …
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19 March 11:13 AM Riyadh Cement posts SAR 189m net profit in 2023
Riyadh – Mubasher: Riyadh Cement Company’s net profit edged lower by 0.56% year-on-year (YoY) to SAR 188.77 million in 2023 from SAR 189.83 million. The company’s revenues rose 7.59% YoY to SAR 643.38 million last year from SAR 598.06 million, …
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18 March 12:38 PM Zoujaj to distribute SAR 16.5m dividends for H2-23
Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) unveiled the board’s decision to pay cash dividends valued at SAR 16.45 million for the second half (H2) of 2023. Zoujaj will disburse a dividend of SAR 0.50 per share, …
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17 March 04:52 PM Southern Province Cement’s profits fall 35% in 2023
Riyadh – Mubasher: The net profits of Southern Province Cement Company plunged by 35.22% year-on-year (YoY) to SAR 195 million in 2023 from SAR 301 million. The revenues witnessed an annual drop of 12.44% to SAR 1.07 billion during the …
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17 March 04:22 PM Chemanol’s losses hit SAR 178m in 2023
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) shifted to net losses amounting to SAR 177.80 million in 2023, compared to net profits valued at SAR 206.43 million in 2022. Chemanol witnessed 32.40% year-on-year (YoY) lower revenues at …
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17 March 12:29 PM Alujain Corporation inks MoU for manufacturing complex partnership
Riyadh – Mubasher: Alujain Corporation has signed a memorandum of understanding with Samvardhana Motherson International Limited to partner in a manufacturing complex. The industrial complex manufactures specialised engineering and plastic …
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14 March 04:40 PM SABIC Agri-Nutrients appoints Al Battar as new CEO
Riyadh – Mubasher: SABIC Agri-Nutrients Company appointed Fahad Misfer Al Battar as its new CEO on 14 March 2024, according to a bourse disclosure. Al Battar has more than 25 years of experience in executive leadership and technical and …
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14 March 12:58 PM Southern Province Cement’s board proposes dividends for H2-2023
Riyadh – Mubasher: The board of Southern Province Cement Company has recommended the distribution of SAR 91 million in cash dividends for the second half (H2) of 2023. The proposed dividends amount to SAR 0.65 per share, representing 6.50% of the …
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14 March 11:10 AM Yanbu Cement’s net profit plunges 44% YoY in 2023
Riyadh – Mubasher: Yanbu Cement Company registered a 44.33% year-on-year (YoY) decline in net profit to SAR 119.92 million in 2023 from SAR 215.41 million. Revenues tumbled 20.45% YoY to SAR 780.55 million last year from SAR 981.17 million, …
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12 March 05:00 PM Saudi Lime obtains SAR 140m loan from ANB
Riyadh - Mubasher: Saudi Lime Industries Company renewed its credit facilities agreement with the Arab National Bank (ANB) at a value of SAR 140 million on 12 March 2024. The Sharia-compliant deal holds a tenor of seven years and is secured by a …
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11 March 10:53 AM Eastern Province Cement’s board nods to SAR 86m dividends
Riyadh – Mubasher: The board of directors of Eastern Province Cement Company has approved the distribution of SAR 86 million, or SAR per share, in cash dividends for the second half (H2) of 2023. The eligibility date is 17 March 2024 and the …
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10 March 05:44 PM Eastern Province Cement’s net profit leaps 39% YoY in 2023
Riyadh – Mubasher: Eastern Province Cement Company reported a 38.46% year-on-year (YoY) surge in net profit to SAR 198 million in 2023 from SAR 143 million. The company’s sales jumped 25.64% YoY to SAR 985 million last year from SAR 784 million, …
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10 March 05:22 PM Saudi Kayan Petrochemical’s accumulated loss surpasses SAR 3bn in February
Riyadh – Mubasher: Saudi Kayan Petrochemical Company announced that its accumulated losses reached SAR 3.06 billion at the end of February 2024. The company’s accumulated losses account for 20.44% of its capital of SAR 15 billion, according to a …
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10 March 04:41 PM Arabian Cement’s net profit drops 23% YoY in 2023; dividends recommended
Riyadh – Mubasher: Arabian Cement Company recorded a 22.87% year-on-year (YoY) decline in net profit to SAR 139.60 million in 2023 from SAR 181 million a year earlier Revenues decreased by 9.79% YoY to SAR 875.80 million last year from SAR 970.90 …
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7 March 02:51 PM Chemanol’s board appoints new CEO
Riyadh – Mubasher: The board of directors of Methanol Chemicals Company (Chemanol) has approved appointing Sabri Abdullah Al Ghamdi as the new CEO. Al Ghamdi will keep his responsibilities as a board member and a managing director, according to a …
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7 March 12:15 PM Saudi Cement’s net profit dips 4% YoY in 2023
Riyadh – Mubasher: Saudi Cement Company logged a 4.46% year-on-year (YoY) decline in net profit to SAR 381 million in 2023 from SAR 398.80 million a year earlier. The company’s revenues rose by 2.96% YoY to SAR 1.46 billion last year from SAR 1.41 …
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5 March 02:55 PM Amak records SAR 54.5m net profits in 2023
Riyadh – Mubasher: The net profits of Al Masane Al Kobra Mining Company (Amak) plunged by 56.79% to SAR 54.58 million in 2023 from SAR 126.33 million a year earlier. Amak recorded an annual drop of 16.28% in revenue to SAR 487.89 million as of 31 …