Wafrah for Industry and Development Co. (2100)

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News

24 March 2024 03:10 PM Wafrah announces Al Mansour as Acting CEO

Riyadh – Mubasher: Mohammad Abdulaziz Al Fadhli will not renew his contract as the CEO of Wafrah for Industry and Development Company, according to a bourse disclosure. Al Fadhli submitted his resignation on 21 March 2024, yet it will be effective …

Corporate Actions

17 January 2024 01:13 PM Wafrah names Chairman, Deputy Chairman

Riyadh – Mubasher: Wafrah for Industry and Development Company appointed Saad Solaib Mutlaq Alotaibi as Chairman of the board for the next three years. Mohamed Yagoub Yousuf Almukhadeb was announced as the Deputy Chairman, according to a bourse …

Board of Directors

5 November 2023 07:15 PM Wafrah sees 7% rise in 9M-23 net profits

Riyadh – Mubasher: The net profits after Zakat and tax of Wafrah for Industry and Development Company rose by 7.32% to SAR 15.23 million in the first nine months (9M) of 2023, compared to SAR 14.19 million in the same period of 2022, according to …

Financial Results

16 January 2023 05:08 PM Saudi Wafrah announces over SAR 5m deal with UAE-based Lulu

Riyadh - Mubasher: Wafrah for Industry and Development Company inked a contract with Abu Dhabi-headquartered firm Lulu Group International on 15 January 2023 at a value of SAR 5.27 million. Meanwhile, Wafrah will manufacture and prepare macaroni …

Companies Investments

3 January 2023 05:21 PM Wafrah inks nearly SAR 12m contract with SADAFCO

Riyadh - Mubasher: Wafrah for Industry and Development Company penned a SAR 11.84 million deal with Saudia Dairy and Foodstuff Company (SADAFCO) on 2 January 2023, according to a bourse filling. Wafrah will manufacture and pack frozen French fries …

Companies Investments

23 November 2022 03:09 PM Saudi Wafrah pens EUR 9m deal with Italy’s Pavan

Riyadh - Mubasher: Wafrah for Industry and Development Company signed a contract worth EUR 9 million with Italy’s Pavan Company, owned by German company GEA, on 21 November 2022, according to a bourse disclosure. Pavan will supply the Saudi firm …

Companies Investments

23 August 2022 11:04 AM Wafrah’s accumulated losses down to 16% of capital

Riyadh - Mubasher: The accumulated losses of Wafrah for Industry and Development Company dropped from 30.77% to 16.29% of the SAR 77.17 million capital at the end of the first half (H1) of 2022. The accumulated losses reached SAR 12.56 million as …

Financial Results

8 August 2022 10:59 AM Wafrah inks EUR 3.9m deal with Germany’s GEA

Riyadh – Mubasher: Wafrah for Industry and Development Company has signed a contract with GEA Food Solutions at a value of EUR 3.97 million. Under the nine-month deal, GEA Food Solutions will manufacture and supply highly automated lines for …

International Agreements

3 July 2022 06:17 PM Wafrah’s rights issue 78% oversubscribed

Riyadh – Mubasher: Wafrah for Industry and Development Company has recorded a 77.81% coverage rate of its rights issue trading and new shares subscription. A total of 12 million shares out of 15.43 million shares were oversubscribed at a value of …

Companies Investments

15 June 2022 04:15 PM Wafrah’s shareholders approve 200% capital hike

Riyadh – Mubasher: The shareholders of Wafrah for Industry and Development Company have agreed to increase its capital by 200% to SAR 231.51 million from SAR 77.17 million. The company will offer two rights shares for every one owned share at a …

General Assembly

10 April 2022 03:22 PM Wafrah names new CEO

Riyadh – Mubasher: The board of Wafrah for Industry and Development Company has appointed Khaled Zaid Alshammari as the company’s new CEO This step came after the company had ended the delegation of Khaled Salih Alamoudi as acting CEO, according …

Board of Directors

5 April 2022 05:14 PM CMA approves Wafrah’s SAR 154m capital raise

Riyadh – Mubasher: The Capital Market Authority (CMA) has granted its green light for Wafrah for Industry and Development Company to increase its capital through a SAR 154.34 million rights issue. The CMA issued its approval after the company …

Management Decisions

8 March 2022 05:47 PM Wafrah, Jal Al Sahraa sign SAR 9.5m production agreement

Riyadh – Mubasher: Wafrah for Industry and Development Company signed a production and packaging contract with Jal Al Sahraa at a total value of SAR 9.50 million. Upon the agreement, Wafrah will produce500,000 cases of frozen French fries, while …

Companies Investments

2 December 2021 10:22 AM Wafrah submits file to CMA for capital increase to SAR 231.5m

Riyadh – Mubasher: Wafrah for Industry & Development Company has submitted an application file to the Capital Market Authority (CMA) to raise the company’s capital by offering right issues. The company's board has proposed to increase the capital …

Companies Investments

25 July 2021 11:33 AM Wafrah appoints financial advisor for capital hike

Riyadh – Mubasher: Wafrah for Industry & Development Company has appointed Aljazira Capital to be the financial advisor that will manage the transaction of increasing the company’s capital through a rights issue, according to a bourse filing on …

Management Decisions

24 May 2021 10:10 AM Wafrah announces correction of Q1 net profit, accumulated losses

Riyadh – Mubasher: Wafrah for Industry and Development Company said it achieved a net profit after Zakat and tax worth SAR 269,990 during the first quarter (Q1) of 2021. Profit per share stood at SAR 0.03 in Q1-21, according to a disclosure to …

Financial Results

23 May 2021 04:51 PM Wafrah incurs SAR 198,588 losses in Q1

Riyadh – Mubasher: Wafrah for Industry and Development Company has turned to net losses after Zakat and tax of SAR 198,588 during the first quarter (Q1) of 2021, against a net profit of SAR 1.31 million in Q1-20. The company posted a loss per …

Financial Results

23 May 2021 02:21 PM Wafrah's board proposes capital increase through rights issue share

Riyadh – Mubasher: The board of Wafrah for Industry & Development Company has recommended raising the company's capital to SAR 154.34 million through rights issue share offering. With the capital increase, the company seeks to expand its …

Board of Directors

22 February 2021 10:34 AM Wafrah CEO relieved of his post

Riyadh – Mubasher: The CEO of Wafrah for Industry and Development Company, Zenan Salim Ali Alyami, was relieved of his post and Migid Ibrahim Ramthan AIotaibi was delegated to carry out the CEO duties.  The two decisions were taken by the …

Board of Directors

9 November 2020 11:23 AM Wafrah Q3 losses up 51%

Riyadh – Mubasher: Wafrah for Industry and Development Company’s net losses for the third quarter (Q3) of 2020 rose by 51.5% yearly to stand at SAR 2.73 million. The increase in quarterly loss was primarily attributed to higher sales costs, …

Financial Results

11 June 2020 10:13 AM Wafrah sees 149% higher net profits; accumulated losses

Riyadh – Mubasher: The net profits of Wafrah for Industry and Development Company surged by 148.7% to SAR 1.316 million, after zakat and tax, during the first quarter (Q1) of 2020 from SAR 529,251 in the same period of 2019. The rise in net …

Financial Results

24 March 2020 11:40 AM CMA approves Wafrah's capital cut request

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request of Wafrah for Industry & Development Company to cut its capital to SAR 77.17 million from SAR 200 million. Therefore, the company will reduce the number of shares …

Markets Regulations

16 March 2020 01:31 PM Wafrah narrows annual losses, plans 61% capital cut

Riyadh – Mubasher: Wafrah for Industry and Development Company reported a 7.32% decline in annual net losses for last year. Net losses after zakat and tax amounted to SAR 24.56 million for 2019, down from SAR 26.5 million in 2018, as shown by the …

Board of Directors

26 February 2020 05:37 PM Wafrah posts 61% accumulated losses

Riyadh – Mubasher: Wafrah for Industry and Development Company announced that its accumulated losses reached SAR 121.28 million, which represents 61% of the company’s capital. This resulted from an increase in operational losses to around SAR 81.9 …

Financial Results

15 January 2020 04:25 PM Wafrah appoints financial advisor for capital decrease

Riyadh – Mubasher: Wafrah for Industry and Development Company has announced the appointment of Wasatah Capital as the financial advisor for its capital decrease. The company will soon present its capital decrease request to the Saudi Capital …

Corporate Actions