Saudi Cable Co (2110)

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News

25 January 2016 05:02 PM Saudi Cable's subsidiary receives cable system certification

Riyadh-Mubasher: Saudi Cable Co. said its wholly-owned subsidiary Demirer Kablo has successfully achieved 170 kV (Um) cable system certification, utilising its own cable and accessories, as per the IEC 62067 standard on System Type Testing. The …

Corporate Actions

28 December 2015 05:18 PM Saudi Cable delays inking legal documents with creditors

Riyadh-Mubasher: Saudi Cable Co. has postponed signing legal documents with creditors as one of the banks requested certain changes in the legal wording to conform with the provisions of their chosen banking convention. The commercial terms and …

Insider Trading & Treasury Stocks

21 October 2015 04:53 PM Saudi Cable shrinks Q3 losses by 94%

Riyadh-Mubasher: Saudi Cable Co. posted net losses of SAR 3 million for Q3-15, falling 94% compared with SAR 50 million in the same period of 2014. The cable producer also decreased nine-month net losses by 93% year-on-year from SAR 142 million to …

Corporate Actions

5 August 2015 11:18 PM Saudi’s CMA slaps 50% of listed firms since year-start

Riyadh-Mubasher: The Capital Market Authority (CMA) has imposed penalties on 83 out of 169 companies listed on the Saudi bourse since the beginning of 2015. The number of fines reached 109 at a total value of more than SAR 5 million. The fines …

Corruption

2 August 2015 04:57 PM Saudi Cable H1 loss shrinks 92%

Riyadh – Mubasher: Saudi Cable Co. logged SAR 7.06 million net loss for the first half of the fiscal year 2015, a decline by 92.3% from SAR 91.69 million reported in the same period a year ago. Meanwhile, Q2 financial results showed SAR 880,000 …

Corporate Actions

25 June 2015 09:31 AM Saudi Cable shareholders approve FY14 financials

Riyadh-Mubasher: Saudi Cable Co. said its ordinary general meeting held on Wednesday approved the board and auditor's reports as well as consolidated financial statements for the fiscal year ended on 31 December 2014. Shareholders also discharged …

Corporate Actions

16 June 2015 10:29 AM Major events on Tadawul for Tuesday

Riyadh-Mubasher: Investors are anticipating the following major events related to some Tadawul-listed companies on Tuesday:

Event

26 April 2015 10:27 AM Major events on Tadawul for Sunday

By Mohammed IdriesRiyadh-Mubasher: Investors are anticipating the following major events on the Saudi bourse on Sunday:Translated by Abdul Maguid Aboshahla 

Company News

23 April 2015 10:37 AM Tadawul to resume trading on Al Ahsa stock Sunday

Riyadh – Mubasher: The Capital Market Authority (CMA) announced that trading will resume on Al Ahsa Development Co. starting Sunday, 26 April.The company’s stock was halted due to a delay in posting financial statements.Al Ahsa posted on Thursday …

Trading Activities

23 April 2015 10:30 AM Saudi Cable inks deals to restructure debts

Saudi Cable Co. has signed agreements with its three major creditors to reschedule SAR 640 million worth of debts over a period of not more than eight years.The company expects to reach similar agreements with the rest of its creditor banks …

Banking and Finance

21 April 2015 06:00 PM Saudi Cable cuts losses by 81% y/y in Q1

Riyadh – Mubasher: Saudi Cable Co. (SCC) posted SAR 8 million in net loss for the first quarter of 2015, a drop by 81% from SAR 41 million net loss logged in the corresponding period a year ago.The cable producer earlier posted SAR 60 million net …

Financial Results

15 April 2015 05:52 PM Saudi Cable gives reasons for FY14 financials delay

Riyadh-Mubasher: Saudi Cable’s said its audited financial statements for the fiscal year 2014 were unavoidably delayed due to the anticipated occurrence of a material event after the balance sheet closure.The company earlier signed an …

Corporate Actions

14 April 2015 06:06 PM Saudi Cable FY14 losses shrink; auditor cites issues

Riyadh – Mubasher: Saudi Cable Co. said Tuesday it trimmed its net losses for fiscal year 2014 by 12% to SAR 201.7 million, down from SAR 229.1 million logged a year earlier and short of the previously-announced net loss of SAR 203.26 …

Financial Results

13 April 2015 09:25 PM Saudi Cable fined for not explaining huge FY13 losses

By Asseel bin TalibRiyadh-Mubasher: Saudi Arabia’s Capital Market Authority (CMA) has imposed a penalty of SAR 40,000 on Saudi Cable for not revealing the reasons behind an increase in losses for 2013.The authority cited the company’s financial …

Law

12 April 2015 10:32 AM CMA extends trade halt on Saudi Cable

Saudi Arabia’s regulator Capital Market Authority announced continuing trading suspension on shares of Saudi Cable Co.The trading suspension will continue till the company posts its financial statements for the fiscal year 2014 and the first …

Company News

9 April 2015 11:13 AM Saudi Cable set to release FY14 financials

Riyadh-Mubasher: Saudi Cable is likely to post its financial statements for the fiscal year 2014 no later than 13 April, the company said in a bourse statement.The Saudi cable manufacture added that it completed the required documents and the …

Corporate Actions

5 April 2015 09:58 AM Saudi Cable stock excluded from Tadawul

Riyadh-Mubasher: Saudi Cable stock was excluded from the Tadawul All-Share Index (TASI) and the building sector on Sunday, the Saudi bourse said.The exclusion was expected after the Capital Market Authority (CMA) imposed the maximum fine of SAR …

Company News

1 April 2015 09:59 AM Saudi Cable delays financial restructuring plan for 4th time

Riyadh-Mubasher: Saudi Cable has delayed its financial restructuring plan for the fourth time.The plan was expected to be announced at the end of the second quarter of 2014, then was delayed to Q3 and then to Q4.The plan will be unveiled with the …

Corporate Actions

11 March 2015 05:41 PM Saudi Cable likely to post FY14 financials in two weeks

Saudi Cable said it will likely release its financial statements for the fiscal year 2014 within two weeks. The company added that it is still completing its financial statements to be submitted to the external auditor.

Corporate Actions

25 February 2015 05:42 PM CMA halts trade on Saudi Cable stock

The Capital Market Authority (CMA) has decided to suspend trading on Saudi Cable Co. stock starting tomorrow, Thursday, February 26, till the company posts its financial results for the fiscal year 2014.The market regulator’s cited the company’s …

Corporate Actions

17 December 2014 00:24 PM Saudi Cable kicks off plant in Dammam

Saudi Cable said in a filing to Tadawul website that it opened on Dec. 16 the factory of Midal Cables Saudi Arabia LLC in Dammam Industrial City.The factory will produce aluminum connectors, with a production capacity of …

Company News

27 October 2014 07:43 PM Saudi Cable widens Q3 losses to SAR 50.05m

Saudi Cable reported SAR 50.05 million net losses for Q3 2014, widening 522.51% year-on-year from SAR 8.04 million but narrowing 1.03% quarter-on-quarter from SAR 50.57 million.The company’s losses in the first nine months of 2014 reached …

Financial Results

14 September 2014 10:27 AM Saudi Cable unit signs supply, installation contract worth SAR 97 mln

Saudi Cable Co. announced that Demirer Kablo - one of its subsidiaries in Turkey – has signed a contract for the supply, installation and inspection of 380 kV power cables (extra high voltage) in the Middle East.The project will cost SAR …

Company News

4 September 2014 01:52 PM Saudi Cable addresses external auditor’s observations about financials

Saudi Cable Co. announced that it is addressing all observations of the external auditor contained in the report on the interim financial statements for the period ending 30/6/2014 as follows:1- As regards the Company s …

Corporate Actions