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27 August 12:55 PM 2P Prefect Presentation unveils project award, loan from Al Rajhi Bank
Riyadh – Mubasher: Prefect presentation for commercial services Company (2P Prefect Presentation) was awarded a SAR 85.96 million project contract from the Ministry of Health on 26 August 2024. The deal covers the operation and maintenance of the …
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25 August 12:40 PM Naba Alsaha secures SAR 250m loan from Riyad Bank
Riyadh – Mubasher: Naba Alsaha Medical Services Company obtained a credit facilities deal valued at SAR 250 million from Riyad Bank on 22 August 2024, according to a bourse disclosure. The Saudi company will use the nine-year loan to finance the …
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22 August 03:38 PM Bena establishes SAR 25m factory
Riyadh – Mubasher: Bena Steel Industries Company has established a steel Industries factory in Riyadh at a total value of SAR 25 million, according to a bourse disclosure. The company will finance the project self-financing in addition to …
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21 August 12:30 PM Alsaif Gallery launches 7th branch in GCC countries
Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) has inaugurated its first branch in Qatar, located in the city of Doha. This branch, which is the 73rd for the company, covers an area of 1,392 square …
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20 August 09:22 AM Banan Real Estate obtains SAR 50m loan from Riyad Bank
Riyadh – Mubasher: Banan Real Estate Company signed a credit facilities agreement valued at SAR 50 million with Riyad Bank on 19 August 2024. The Saudi company will use the five-year financing to expand business activities, according to a bourse …
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18 August 10:58 AM EIC’s unit rolls out SAR 281m deal
Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), inked a SAR 281.13 million contract with the Branch of Hyundai Engineering Company Limited. The two parties signed the agreement on 14 August …
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18 August 09:26 AM Fakhouri leads Cenomi Retail’s growth strategy as CEO
Riyadh – Mubasher: The board of Fawaz Abdulaziz Al Hokair Company (Cenomi Retail) approved the appointment of Salim Fakhouri as the company’s CEO, which became effective on 14 August 2024. Fakhouri served as the Acting CEO of Cenomi Retail since …
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12 August 06:00 PM GFH announces 11% annual increase in H1-24 net profit to owners; total income surpasses $332m
Mubasher: The cross-listed Bahraini firm GFH Financial Group generated net profits to the shareholders worth $60.75 million in the first half (H1) of 2024, which came 11.20% higher than $54.62 million in H1-23. The earnings per share (EPS) rose by …
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12 August 11:09 AM Cenomi Retail shifts to net losses in H1-24
Riyadh – Mubasher: Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail) turned to net losses valued at SAR 67.60 million in the first half (H1) of 2024, against profits worth SAR 113.80 million in H1-23. The revenues amounted to SAR 2.59 billion in …
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12 August 10:38 AM Ma’aden’s profits leap to SAR 2bn in H1-24
Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) posted 160.35% year-on-year (YoY) higher net profits at SAR 2 billion in the first half (H1) of 2024, compared to SAR 770.36 million. The group generated revenues valued at SAR 14.53 …
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11 August 02:21 PM Sinad Holding reports 71% plunge in H1-24 losses
Riyadh – Mubasher: Sinad Holding Company incurred 71.01% year-on-year (YoY) lower net losses at SAR 13.10 million in the first half (H1) of 2024, compared to SAR 45.20 million. The revenues amounted to SAR 844.50 million in H1-24, up 9.12% from …
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11 August 01:41 PM Seera logs SAR 131m net profits in H1-24
Riyadh – Mubasher: The net profits of Seera Group Holding amounted to SAR 131 million in the first half (H1) of 2024, up 5.64% year-on-year (YoY) from SAR 124 million. Earnings per share (EPS) fell to SAR 0.33 as of 30 June 2024 from SAR 0.41 in …
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7 August 03:22 PM Saudi Home Loans logs higher profits in H1-24 initial results
Riyadh – Mubasher: Saudi Home Loans Company (SHL) recorded net profits amounting to SAR 10.65 million in the first half (H1) of 2024, down 111.32% year-on-year (YoY) from SAR 5.04 million. Earnings per share (EPS) reached SAR 0.11 as of 30 June …
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7 August 02:47 PM Jamjoom Pharma’s profits rise 23% in H1-24; dividends unveiled
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) logged net profits amounting to SAR 209.92 million in the first half (H1) of 2024, marking an annual plunge of 22.99% from SAR 170.67 million. The revenues hit SAR 731.20 …
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7 August 12:32 PM Arabian Drilling’s profits cross SAR 166m in H1-24; dividends approved
Riyadh – Mubasher: Arabian Drilling logged net profits amounting to SAR 166.43 million in the first half (H1) of 2024, marking an annual plunge of 40.93% from SAR 281.76 million. The revenues hit SAR 1.90 billion in H1-24, higher by 21.40% …
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7 August 09:57 AM Savola Group’s profits exceed SAR 484m in H1-24; revenues decline 5%
Riyadh – Mubasher: Savola Group witnessed 7.75% lower net profits at SAR 484.10 million in the first half (H1) of 2024, versus SAR 524.80 million, according to the financial results. The Saudi group achieved revenues valued at SAR 13.15 billion in …
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7 August 09:00 AM Cenomi Centers logs SAR 539.5m profits in H1-24; dividends policy unveiled
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) generated SAR 539.50 million in net profit during the first half (H1) of 2024, lower by 25.59% year-on-year (YoY) than SAR 725.10 million. The revenues hit SAR 1.17 billion in H1-24, up …
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6 August 02:41 PM SAB reports 22.5% increase in H1-24 profits
Riyadh – Mubasher: Saudi Awwal Bank (SAB) registered an annual growth of 22.54% in net profit to SAR 4.06 billion during the first half (H1) of 2024, compared to SAR 3.31 billion. Earnings per share (EPS) increased to SAR 1.90 in H1-24 from SAR …
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6 August 01:06 PM Riyadh Cables posts 19.5% jump in H1-24 net profits
Riyadh – Mubasher: The net profits of Riyadh Cables Group Company hiked by 30.39% to SAR 328.37 million in the first half (H1) of 2024 from SAR 251.83 million in H1-23. The Saudi firm witnessed revenues amounting to SAR 4.07 billion in H1-24, a …
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6 August 12:45 PM Astra Industrial generates SAR 318.5m net profits in H1-24
Riyadh – Mubasher: Astra Industrial Group registered SAR 318.48 million in net profit during the first half (H1) of 2024, up 34.02% year-on-year (YoY) from SAR 237.62 million. The revenues hit SAR 1.65 billion in H1-24, higher by 18.03% than SAR …
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6 August 12:27 PM Alinma Bank achieves higher profits at SAR 2.7bn in H1-24; dividends unveiled
Riyadh – Mubasher: The net profits of Alinma Bank reached SAR 2.73 billion in the first half (H1) of 2024, up 24.43% year-on-year (YoY) from SAR 2.19 billion. Earnings per share (EPS) increased to SAR 1.06 in H1-24 from SAR 0.84 in H1-23, …
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6 August 12:01 PM Luberef logs SAR 538m profits in H1-24; dividends unveiled
Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) posted net profits valued at SAR 537.85  million in the first half (H1) of 2024, down 40.27% year-on-year (YoY) from SAR 900.52 million. The revenues increased by 11.42% to SAR 4.91 …
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6 August 11:24 AM Bawan announces 12% lower profits in H1-24, dividends
Riyadh – Mubasher: Bawan Company recorded net profits valued at SAR 52.27 million in the first half (H1) of 2024, lower by 12.24% year-on-year (YoY) than SAR 59.56 million. The revenues amounted to SAR 1.51 billion in H1-24, marking an annual …
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6 August 11:01 AM Bank Albilads profits leap to SAR 1.3bn in H1-24
Riyadh – Mubasher: The net profits of Bank Albilad hit SAR 1.31 billion in the first half (H1) of 2024, an annual rise of 14.67% from SAR 1.14 billion, according to the interim financials. Earnings per share (EPS) increased to SAR 1.06 in H1-24 …
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5 August 03:46 PM Amak’s net profits leap 77% in H1-24
Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) posted a 77.02% year-on-year (YoY) jump in net profit to SAR 76.94 million during the first half (H1) of 2024, compared to SAR 43.46 million. The revenues amounted to SAR 337.81 million …