Takween Advanced Industries Co (1201)

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News

2 hours ago Takween appoints Albilad Capital as financial advisor for capital restructuring

Riyadh - Mubasher: Takween Advanced Industries Company announced on 12 July 2026 that its board of directors has approved the appointment of Albilad Capital as the financial advisor, lead manager, and underwriter for its upcoming capital …

Corporate Actions

5 July 05:10 PM Takween receives GAC approval for 70% stake in SAAF

Riyadh - Mubasher: Takween Advanced Industries Company received a no-objection certificate from the General Authority for Competition (GAC) regarding its acquisition of a 70% stake in Advanced Fabrics Factory Company (SAAF). The approval, secured …

Mergers and Acquisitions

24 June 04:41 PM Takween terminates SAR 650m local Sukuk program

Riyadh - Mubasher: Takween Advanced Industries Company has officially announced the termination of its Saudi Riyal-denominated local Sukuk program, which was originally authorized for a total value of up to SAR 650 million. The decision, approved …

Companies Investments

24 June 02:30 PM Takween plans to launch SAR 500m Sukuk program

Riyadh - Mubasher: Takween Advanced Industries Company has officially announced its intention to establish a Sharia-compliant local Sukuk program denominated in Saudi Riyals, with a total value of SAR 500 million. The initiative, approved by the …

Companies Investments

24 June 02:29 PM Takween shareholders approve contracts, several financial decisions

Riyadh – Mubasher: Takween Advanced Industries Company (Takween) has announced the results of its eighteenth Ordinary General Assembly meeting held on 23 June 2026, which ratified a wide range of agenda items. The shareholders agreed to …

General Assembly

24 June 10:44 AM Takween’s board recommends capital restructuring

Riyadh - Mubasher: Takween Advanced Industries Company has announced a comprehensive strategic plan to restructure its financial position through a two-stage capital adjustment process. Following a Board of Directors meeting held on 23 June 2026, …

Corporate Actions

15 June 09:53 AM Takween’s CEO resigns; Acting CEO appointed

Riyadh - Mubasher: Majed Nofal resigned from his position as the CEO of Takween Advanced Industries Company due to personal reasons, effective on 30 June 2026. The board member announced Marwan Jreige as Acting CEO, starting from 1 July, according …

Board of Directors

13 May 12:59 PM Takween’s net losses widen 99.5% in Q1-26

Riyadh - Mubasher: Takween Advanced Industries Company incurred 99.57% year-on-year (YoY) higher net losses at SAR 18.99 million in the first quarter (Q1) of 2026, compared to SAR 9.51 million. The loss per share hit SAR 0.25 in Q1-26, up from SAR …

Financial Results

28 April 04:56 PM Takween reports higher net losses in 2025; accumulated losses cross SAR 500m

Riyadh - Mubasher: The net losses of Takween Advanced Industries Company widened by 166.41% to SAR 202.03 million in 2025 from SAR 75.83 million a year earlier. The loss per share stood at SAR 2.64 in January-December 2025, compared to SAR 1.05 in …

Company News

9 November 2025 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 2025 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 …

Companies Investments

11 August 2025 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 2025 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 2025 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, …

Corporate Actions

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 …

Board of Directors

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 …

Corporate Actions

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 …

Management Decisions

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 …

Board of Directors