Saudi Advanced Industries Co (2120)

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News

13 August 11:12 AM SAIC appoints Al Fares as new CEO to succeed Abukhadhra

Riyadh — Mubasher: Saudi Advanced Industries Company (SAIC) announced that its board of directors approved on 11 August 2026 the appointment of Fares Abdulrahman Al Fares as the new CEO. Al Fares is scheduled to assume his duties on 13 October …

Board of Directors

9 August 12:40 PM SAIC returns to profitability in Q2-26

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) generated net profits amounting to SAR 7.47 million for the second quarter (Q2) of 2026, marking a significant recovery from the SAR 115.39 million loss recorded during the same period in …

Company News

15 July 10:23 AM SAIC renews SAR 60m credit facility with Al Rajhi Capital

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has renewed its Sharia-compliant credit facility agreement with Al Rajhi Capital, according to a bourse disclosure. The financing package is valued at SAR 60 million and is intended to …

Corporate Actions

9 July 07:58 PM Tadawul’s Diversified Financials index falls with Tasheel leading decliners

Riyadh – Mubasher: The Saudi Diversified Financials sector index experienced a downward trend during the trading session on 9 July 2026, closing at 5,014.42 points. This level represents a decrease of 0.90% as selling pressure outweighed buying …

Trading Activities

1 July 03:32 PM SAIC greenlights financial results for 2025, board remuneration

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has announced the successful conclusion of its Ordinary General Meeting (OGM), where shareholders approved all items on the agenda, including the financial statements for 2025 and the …

Board of Directors

15 June 05:31 PM SAIC obtains SAR 100m facility from Alinma Bank

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) renewed its Sharia-compliant credit facilities valued at SAR 100 million with Alinma Bank, according to a bourse disclosure. SAIC obtained the funding on 15 June 2026 to support its …

Sukuk and Islamic Finance

10 June 07:33 PM SAIC to review 2025 performance, update policies at upcoming shareholders meeting

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) will hold an Ordinary General Assembly meeting on 29 June 2026 to address a comprehensive agenda covering the financial performance for the 2025 fiscal year and several critical updates …

Company News

18 May 10:55 AM SAIC generates higher revenues in Q1-26; profits hit SAR 7.5m

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) logged net profits attributable to the owners valued at SAR 7.43 million in the first quarter (Q1) of 2026, an annual hike of 41.52% from SAR 5.25 million. The sales inched up by 0.06% to …

Financial Results

2 April 10:32 PM SAIC turns to SAR 162.5m net losses in 2025

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) shifted to net losses worth SAR 162.51 million in 2025, against net profits amounting to SAR 295.06 million in 2024. The company attributed the negative results to lower revenue and …

Financial Results

13 November 2025 07:01 AM SAIC incurs SAR 109m net losses in 9M-25

Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) turned to net losses valued at SAR 109.25 million in the first nine months (9M) of 2025, versus profits of SAR 285.18 million a year earlier. SAIC reported a loss per share of SAR 1.85 in …

Financial Results

12 August 2025 01:20 PM SAIC shifts to SAR 110m net losses in H1-25

Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) suffered net losses worth SAR 110.14 million in the first half (H1) of 2025, against net profits of SAR 217.24 million in H1-24. Negative revenues stood at SAR 91.12 million in H1-25, …

Financial Results

29 June 2025 04:38 PM SAIC unveils 2 key appointments

Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) has appointed Abdullah Mohammed Al Homaidi as the board’s Chairman for the next four years. Mohammed Shbeeb Al Mutlaq was named as the Vice Chairman, according to a bourse disclosure. The …

Corporate Actions

18 May 2025 03:16 PM SAIC announces 95% lower net profits in Q1-25

Riyadh - Mubasher: The net profits of Saudi Advanced Industries Company (SAIC) hit SAR 5.25 million in the first quarter (Q1) of 2025, reflecting an annual plunge of 95.17% from SAR 108.72 million. Furthermore, the revenues shrank by 87.52% to SAR …

Financial Results

25 March 2025 06:10 PM SAIC obtains SAR 100m loan from Alinma Bank

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) penned, on 24 March, a Sharia-compliant credit facility agreement with Alinma Bank at a value of SAR 100 million. The company will use the loan to expand its investments, according to a …

Banking and Finance

13 October 2024 10:43 AM SAIC records 157% higher net profits in 9M-24

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) registered SAR 285.53 million in net profit during the first nine months (9M) of 2024, an annual leap of 156.84% from SAR 111.17 million. Revenues amounted to SAR 322.26 million in the …

Financial Results

24 September 2024 09:34 AM SAIC, Chubb Arabia appoint new CEO

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) named Khalid bin Saeed Abu Khadra as the new CEO following Abdullah bin Sulaiman Al Juraish’s resignation from his position as the Acting CEO. The board members approved the appointment …

Board of Directors

8 September 2024 01:02 PM SAIC’s Acting CEO Al Juraish resigns

Riyadh – Mubasher: Abdullah bin Sulaiman Al Juraish resigned from his position as the Acting CEO of Saudi Advanced Industries Company (SAIC) on 5 September 2024. The board members accepted Al Juraish’s request to leave the position due to personal …

Management Decisions

16 July 2024 02:39 PM SAIC extends funding deal with Al Rajhi Bank’s asset management arm

Riyadh- Mubasher: Saudi Advanced Industries Company (SAIC) has renewed a Sharia-compliant credit facility agreement with Al Rajhi Capital, the asset management arm of the listed Al Rajhi Bank. SAIC obtained the SAR 100 million funding on 11 July …

Banking and Finance

7 July 2024 00:33 PM SAIC’s estimated profit jumps over 200% in H1-24

Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) surged by 200.98% year-on-year (YoY) to SAR 217.40 million during the first half (H1) of 2024 from SAR 72.23 million. The company’s revenue leapt by 205.01% YoY to SAR …

Financial Results

4 June 2024 11:32 AM SAIC inks MoU to acquire 100% of Dar Al-Balad Business Solutions

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has signed a non-binding memorandum of understanding (MoU) with Dar Al-Balad Business Solutions Company to acquire up to 100% of the company’s shares, including its rights and …

Companies Investments

16 April 2024 05:31 PM SAIC’s net profit balloons 393% YoY in Q1-24

Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) skyrocketed 392.61% year-on-year (YoY) to SAR 108.72 million in the first quarter (Q1) of 2024 from SAR 22.07 million. Revenues soared 385.13% YoY to SAR 122.98 million …

Financial Results

17 March 2024 11:11 AM SAIC’s net profit leaps 48% YoY in 2023; dividends proposed

Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) jumped 48.49% year-on-year (YoY) to SAR 148.80 million in 2023 from SAR 100.21 million. Revenues soared 55.23% YoY to SAR 180.15 million last year from SAR 116.05 …

Financial Results

14 March 2024 01:45 PM SAIC, subsidiary buys SAR 72m stake in Baladi Poultry

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) and a subsidiary have purchased 567,212 shares in Baladi Poultry Company for an average share price of SAR 126.66, totalling SAR 71.84 million. The purchases were made in separate batches …

Mergers and Acquisitions

6 November 2023 01:23 PM SAIC’s net profits exceed SAR 111m in 9M-23

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) logged net profits after Zakat and tax valued at SAR 111.17 million in the first nine months (9M) of 2023, marking a 38.34% leap from SAR 80.36 million in 9M-22. The earnings per share …

Financial Results

27 August 2023 03:06 PM SAIC concludes SAR 25m share purchase deal

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has purchased 3.84 million shares in the Canadian General Medical Center Complex Company at a value of SAR 24.99 million. The transaction was concluded on 24 August 2023, according to a …

Companies Investments