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25 April 01:07 PM

Sector News

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18 April 05:19 PM Jarir Bookstores’ estimated profit plummets over 11% YoY in Q1-24
Riyadh – Mubasher: The estimated net profit of Jarir Marketing Company (Jarir Bookstores) dropped 11.50% year-on-year (YoY) to SAR 219.30 million in the first quarter (Q1) of 2024 from SAR 247.80 million in the similar quarter of 2023. Revenues …
Financial Results
Photo Archive
18 April 03:20 PM Cleopatra Hospitals, Fawaz Al Hokair’s unit partner to support healthcare in Saudi Arabia
Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …
Companies Investments
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17 April 05:46 PM eXtra’s subsidiary to offer 30% of capital for Tadawul’s subscription
Riyadh – Mubasher: The shareholders of United Electronics Company (eXtra) agreed for the subsidiary United International Holding Company to offer shares on the Saudi Exchange (Tadawul), according to a bourse disclosure. The approval, which was …
General Assembly
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16 April 10:35 AM eXtra posts nearly SAR 94m net profits in Q1-24
Riyadh – Mubasher: The estimated net profits of United Electronics Company (eXtra) surged by 11.15% year-on-year (YoY) to SAR 93.86 million in the first quarter (Q1) of 2024 from SAR 84.44 million. The company’s revenues hit SAR 1.58 billion in …
Financial Results
Photo Archive
1 April 04:15 PM Cenomi Retail mulls 91% capital reduction
Riyadh – Mubasher: The board members of Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail) recommended a 91.28% capital cut to SAR 100 million from SAR 1.14 billion. The board proposed the capital reduction, on 31 March 2024, to offset the …
Corporate Actions
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31 March 06:57 PM Cenomi Retail turns to net losses exceeding SAR 1bn in 2023; accumulated losses unveiled
Riyadh – Mubasher: Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail) reported net losses worth SAR 1.11 billion in 2023, against net profits amounting to SAR 36.90 million in 2022. The negative financial results last year were mainly driven by SAR …
Financial Results
Photo Archive
28 March 01:23 PM SASCO’s board proposes dividends, capital hike
Riyadh – Mubasher: The board of Saudi Automotive Services Company (SASCO) has recommended the distribution of SAR 45 million, or SAR 0.75 per share, in additional cash dividends for the fiscal year 2023. The board also proposed increasing capital …
Board of Directors
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24 March 12:57 PM SASCO’s net profits up to SAR 105.5m in 2023
Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) generated net profits amounting to SAR 105.49 million in 2023, up 40.32% from SAR 75.18 million a year earlier. Revenues witnessed an annual surge of 16.05% to SAR 9.11 billion as of 31 …
Financial Results
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19 March 12:59 PM Baazeem to pay 11% of capital as dividends for H2-23
Riyadh – Mubasher: The board of Baazeem Trading Company greenlighted cash dividends, on 17 March, worth SAR 11.13 million for the second half (H2) of 2023. The Saudi firm will distribute a dividend of SAR 1.10 per share, representing 11% of the …
Cash Dividends
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18 March 03:27 PM EFG Hermes completes advisory on Cenomi Retail’s sale deal
Mubasher: EFG Hermes, an EFG Holding Company concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail, according to a press release. The retail giant plans to sell a select portfolio of brands to Abdullah Al Othaim Fashion …
Mergers and Acquisitions
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10 March 01:33 PM Jarir to distribute SAR 276m cash dividends for Q4-23
Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstores) announced the board’s decision to pay out SAR 276 million as cash dividends for the fourth quarter (Q4) of 2023. The Saudi company will disburse SAR 0.23 per share, equivalent to 23% of …
Board of Directors
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7 March 02:10 PM eXtra’s board nods to SAR 160m dividends for H2-23
Riyadh – Mubasher: The board of directors of United Electronics Company (eXtra) has approved the distribution of SAR 160 million, or SAR 2 per share, in cash dividends for the second half (H2) of 2023. The distribution date for the dividends will …
Cash Dividends
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4 March 01:52 PM Cenomi Retail expands in Uzbekistan with 8 brands
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) signed an agreement to bring eight international brands to the Uzbekistani market. The eight brands include the Zara store, at the newly developed Tashkent City Mall, and …
Companies Investments
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27 February 05:56 PM Shaker Group’s net profit soars 99% YoY in 2023
Riyadh – Mubasher: Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) recorded a 99.28% year-on-year (YoY) surge in net profit to SAR 65.42 million in 2023 from SAR 32.83 million. Revenues grew by 19.19% YoY to SAR 1.23 billion last year from …
Financial Results
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21 February 05:41 PM Cenomi Retail names Acting CEO
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) announced appointing Salim Fakhouri as Acting CEO starting 1 March 2024. Fakhouri will succeed Gunther Helm who resigned for personal reasons, according to a bourse filing. …
Management Decisions
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13 February 09:51 AM CMA greenlights Shaker Group’s capital increase
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Al Hassan Ghazi Ibrahim Shaker Company’s (Shaker Group) capital hike by granting one bonus share for every 6.63 owned shares. The group will transfer SAR 72.66 million from the …
Corporate Actions
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30 January 11:26 AM Jarir registers higher profits in 2023 at SAR 973m
Riyadh – Mubasher: The net profits of Jarir Marketing Company (Jarir Bookstores) went up by 0.33% to SAR 973 million in 2023 from SAR 969.80 million in 2022. Sales increased by 12.81% year-on-year (YoY) to SAR 10.59 billion as of 31 December 2023 …
Financial Results
Photo Archive
21 January 02:25 PM Saudi Alsaif Gallery launches 1st branch in Oman
Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) has opened its first showroom in Oman, according to a bourse statement. Located in Muscat, the exhibition spans 1,200 square metres and will reflect on the …
Companies Investments
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9 January 02:59 PM eXtra’s profits down to SAR 390.5m in 2023
Riyadh – Mubasher: United Electronics Company (eXtra) posted an annual drop of 11.28% in net profit to SAR 390.49 million during 2023, compared to SAR 440.16 million. The listed firm generated revenues valued at SAR 6.19 billion as of 31 December …
Financial Results
Photo Archive
31 December 2023 02:57 PM eXtra pens commercial alliance with Panda stores
Riyadh – Mubasher: United Electronics Company (eXtra) signed a 10-year commercial alliance with Panda Retail Company on 5 December 2023. eXtra will manage the electronics and home appliances department in Panda stores under the brand name Clix. …
Companies Investments
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31 December 2023 01:38 PM eXtra announces IPO plans for subsidiary
Riyadh – Mubasher: United Electronics Company (eXtra) plans to conduct an initial public offering (IPO) for its subsidiary United International Holding Company, according to a bourse disclosure. The subsidiary owns United Company for Financial …
Initial Public Offerings
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6 December 2023 02:35 PM Amwaj International to pay SAR 9m dividends for H1-23
Riyadh – Mubasher: Amwaj International Company will distribute cash dividends of SAR 9 million to its shareholders for the first half (H1) of 2023 upon a recommendation by the board members on 14 November 2023. The amount represents 15% of the …
General Assembly
Photo Archive
23 November 2023 06:26 PM Alhasoob approved as Lenovo’s authorised maintenance centre
Riyadh – Mubasher: Alhasoob Company has recently obtained Lenovo’s accreditation to become an authorised maintenance centre for all Lenovo devices in Saudi Arabia, according to a bourse filing. As an authorised maintenance centre, Alhasoob will …
Companies Investments
Photo Archive
15 November 2023 05:17 PM Abo Moati reports lower net profits, revenues in H1-23/24
Riyadh – Mubasher: Abdullah Saad Mohammed Abo Moati for Bookstores posted net profits after Zakat and tax of SAR 15.74 million in the first half (H1) of the fiscal year (FY) 2023/2024. The net profits dropped by 8.06% year-on-year (YoY) in …
Financial Results
Photo Archive
15 November 2023 00:56 PM Baazeem’s net profits rise slightly in 9M-23, decline in Q3
Riyadh – Mubasher: Baazeem Trading Company reported a marginal increase of 0.41% in net profit after Zakat and tax to SAR 17.55 million in the first nine months (9M) of 2023, compared to SAR 17.48 million in the same period of 2022. Revenues …
Financial Results