Takween Advanced Industries Co (1201)

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, …

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 …

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 …

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 …

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 …

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 …

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% …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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) …

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 …

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. …

Riyadh – Mubasher: Takween Advanced Industries Company’s board has announced the appointment of Ali Hassan Al Jameel as CEO effective 2 February 2020. The appointment of Al Jameel takes place after the end of the commission of Jameel Abdullah Al …

Riyadh – Mubasher: Takween Advanced Industries Company turned to losses during the third quarter of 2019, suffering SAR 28.7 million, versus profits of SAR 442,000 in Q3-18. Revenues plunged by 15% to SAR 341 million in Q3-19, compared to SAR …

Riyadh – Mubasher: Takween Advanced Industries Company posted its interim financial results for the second quarter of 2019. The company turned to losses with SAR 13.03 million in Q2-29, against profits of SAR 2.89 million in Q2-18, according to …

Riyadh – Mubasher: Takween Advanced Industries on Tuesday reported a 1400% year-on-year loss hike during the first quarter of 2019, recording SAR 12.55 million. The company ascribed the major growth in its loss to the decline in sales and the …

Riyadh – Mubasher: Takween Advanced Industries on Sunday posted a 76.38% year-on-year plunge in net loss for the full-year ended 31 December 2018. The Saudi-based company has suffered a net loss of SAR 39.73 million in 2018, versus SAR 168.23 …

Riyadh – Mubasher: Takween Advanced Industries on Wednesday said its accumulated losses amounted to SAR 216.54 million, representing 22.8% of capital as at 31 December 2018. Takween ascribed the losses to a decline in sales volume and a rise in …