Takween Advanced Industries Co (1201)

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News

9 November 11:24 AM Takween incurs net losses in 9M-25 financials; accumulated losses near SAR 350m

Riyadh – Mubasher: Takween Advanced Industries Company suffered net losses worth SAR 51.39 million in the first nine months (9M) of 2025, which were 98.98% higher than SAR 25.82 million in 9M-25. The loss per share nearly doubled to SAR 0.67 as of …

Financial Results

20 October 01:02 PM Takween to create SAR 650m Sukuk program

Riyadh - Mubasher: Takween Advanced Industries Company decided, on 19 October 2025, to establish SAR-denominated Sukuk programs, compliant with Islamic Shariah principles. Takween appointed Sukuk Financial Company as the financial advisor for the …

Sukuk and Islamic Finance

11 August 05:09 PM Takween’s net losses widen to SAR 35.5m in H1-25

Riyadh - Mubasher: Takween Advanced Industries Company incurred 335.56% higher net losses at SAR 35.56 million in the first half (H1) of 2025, compared to SAR 8.16 million in H1-24. The company reported revenues amounting to SAR 283.38 million in …

Financial Results

14 May 10:29 AM Takween incurs higher losses in Q1-25; accumulated losses hit 40% of capital

Riyadh – Mubasher: Takween Advanced Industries Company suffered 138.15% higher net losses at SAR 9.51 million in the first quarter (Q1) of 2025, compared to SAR 3.99 million in Q1-24. The revenues shrank by 20.82% to SAR 145 million as of 31 March …

Financial Results

1 April 08:35 PM Takween announces 66% decline in 2024 net losses, 39% of capital accumulated losses

Riyadh – Mubasher: The net losses of Takween Advanced Industries Company shrank by 66.04% to SAR 75.83 million in 2024 compared to SAR 223.33 million in 2023. The loss per share decreased to SAR 1.05 in 2024 from SAR 4.09 a year earlier, according …

Financial Results

30 April 2024 02:19 PM Takween's net losses shrink nearly 84.5% YoY in Q1-24

Riyadh – Mubasher: Takween Advanced Industries Company logged an 84.48% year-on-year (YoY) plunge in net losses to SAR 3.99 million in the first quarter (Q1) of 2024 from SAR 25.75 million. Revenues declined by 21.26% YoY to SAR 183.14 million in …

Financial Results

11 January 2024 03:22 PM CMA nods to Takween’s SAR 300m capital raise

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Takween Advanced Industries Company to increase its capital by SAR 300 million rights issue. The new capital will stand at SAR 764.64 million following the capital hike, …

Management Decisions

2 November 2023 05:37 PM Takween posts SAR 86m net losses in 9M-23; accumulated losses unveiled

Riyadh – Mubasher: Takween Advanced Industries Company announced net losses after Zakat and tax totaling SAR 86.13 million in the first nine months (9M) of 2023, which came 87.85% higher than SAR 45.85 million in 9M-22. The entity saw a …

Financial Results

14 May 2023 03:05 PM Takween’s losses widen 187% in Q1-23; accumulated losses hit 51% of capital

Riyadh – Mubasher: Takween Advanced Industries Company incurred net losses after Zakat and tax worth SAR 25.75 million in the first quarter (Q1) of 2023, an increase of 186.95% from SAR 8.97 million in Q1-22. The loss per share deepened to SAR …

Financial Results

14 March 2023 03:43 PM Takween swings to SAR 159m losses in 2022; capital restructuring proposed

Riyadh – Mubasher: Takween Advanced Industries Company swung to net losses after Zakat and tax worth SAR 158.91 million in 2022, against profits of SAR 19.02 million in 2021. The loss per share hit  SAR 1.67 last year, versus earnings per share …

Management Decisions

9 January 2023 00:38 AM Takween names Nofal as new CEO

Riyadh – Mubasher: The board of Takween Advanced Industries Company approved on 8 January 2023 the appointment of Majed Mazen Nofal to be the firm’s new CEO. Nofal will commence the duties for the new position as of 9 January this year, according …

Board of Directors

5 January 2023 11:03 AM Takween announces new key appointments

Riyadh – Mubasher: Takween Advanced Industries Company has named Abdulmohsen Mohammed Al Othman as the new Chairman of the board for the next three years. The Saudi firm also appointed Saleh Hassan Al Afaleq as the board’s Vice Chairman, according …

Corporate Actions

8 November 2022 05:50 PM Takween shifts to nearly SAR 46m losses in 9M-22; accumulated losses unveiled

Riyadh – Mubasher: Takween Advanced Industries Company swung to net losses after Zakat and tax worth SAR 45.85 million in the first nine months (9M) of 2022, compared to profits valued at SAR 50.36 million in 9M-21. Revenues jumped by 28.39% …

Financial Results

12 May 2022 10:48 AM Takween turns to losses in Q1-22

Riyadh – Mubasher: Takween Advanced Industries Company has incurred net losses after Zakat and tax of SAR 8.97 million in the first quarter (Q1) of 2022, against net profits of SAR 2.15 million in Q1-21. The company's revenues rose by 33.99% to …

Financial Results

23 February 2022 04:33 PM Takween turns to profitability in 2021

Riyadh – Mubasher: Takween Advanced Industries Company has achieved net profits after Zakat and tax of SAR 19.03 million in 2021, against net losses of SAR 6.01 million in 2020. The company recorded an 11.19% year-on-year (YoY) rise in revenues to …

Financial Results

16 December 2021 05:54 PM Takween’s CEO resigns; Al Molhem succeeds

Saudi Arabia – Mubasher: Takween Advanced Industries Company announced the resignation of Ali Hassan Al Jameel from his position as the CEO of the firm due to personal reasons. The board has accepted Al Jameel’s resignation on 16 December, while …

Corporate Actions

21 October 2021 05:48 PM Takween logs 557% jump in Q3 profits’ accumulated losses cross 28%

Riyadh – Mubasher: Takween Advanced Industries Company achieved an annual surge of 556.6% in net profits after Zakat and tax to SAR 40.34 million in the third quarter (Q3) of 2021 from SAR 6.14 million. Revenues soared by 21% to SAR 222.45 million …

Financial Results

29 July 2021 06:05 PM Takween announces early resettlement of SAR 209.5m loan

Riyadh – Mubasher: Takween Advanced Industries Company announced early repayment of SAR 208.5 million from a Murabaha credit facility, according to a bourse filing on Thursday. The original Murabaha agreement was valued at SAR 1.3 billion as …

Banking and Finance

8 July 2021 05:16 PM Takween turns profitable at SAR 10m in H1-21

Riyadh – Mubasher: Takween Advanced Industries Company achieved net profits after Zakat and tax worth SAR 10.02 million during the first half (H1) of 2021, against losses of SAR 8.76 million in H1-20. Earnings per share stood at SAR 0.106 in the …

Financial Results

30 June 2021 04:40 PM Takween capitalises SAR 53m of dues for unit's 70% stake sale to Chinese company

Riyadh – Mubasher: Takween Advanced Industries Company has completed the capitalisation of part of its dues valued at SAR 53 million according to the management accounts as of 31 May 2021. The capitalisation is part of the conditions to complete …

Companies Investments

23 June 2021 03:47 PM Takween receives industrial investment licence for SAAF

Riyadh – Mubasher: Takween Advanced Industries Company announced that the Saudi Ministry of Investment issued an industrial investment licence for its subsidiary Advanced Fabrics Factory Company (SAAF), according to a bourse disclosure on …

Companies Investments

22 July 2020 10:02 AM Takween turns to profits in Q2-20

Riyadh – Mubasher: Takween Advanced Industries Company turned profitable in the second quarter (Q2) of 2020, achieving earnings of SAR 10.03 million, versus losses of SAR 13.03 million in the same quarter a year earlier. Revenues for the period …

Financial Results

9 June 2020 10:31 AM Takween to sell 70% stake in subsidiary to Chinese company

Riyadh – Mubasher: Takween Advanced Industries Company has signed a non-binding Memorandum of Understanding (MoU) with China's Guofu for the sale of a 70% stake in Advanced Fabrics Factory Company, a 99% subsidiary of Takween. The fair value (FV) …

Mergers and Acquisitions

12 May 2020 11:38 AM Takween Industries restructures SAR 429m loan

Riyadh – Mubasher: Takween Advanced Industries Company has signed an agreement with a number of local banks to reschedule a debt of SAR 429.4 million. The debt is part of previous Murabaha facility agreements worth SAR 1.3 billion, signed in March …

Banking and Finance

7 May 2020 00:45 PM Takween Industries losses up 50% in Q1-20

iyadh – Mubasher: The interim financial results of Takween Advanced Industries Company showed a 49.77% increase in net profit during the first quarter (Q1) of 2020 to SAR 18.79 million, compared with SAR 12.55 million in the same period last year. …

Financial Results