Saudi Industrial Development Co (2130)

Last update: 25 December 03:19 PM market time.

11.66

-0.04

-0.34%

Open 11.70

Previous Close 11.70

High 11.79

Low 11.62

Stock Statistics

Volume 116,967

Turnover 1,369,267.40

All data are 15 minutes late during market session

News

Photo Archive

22 June 07:02 AM SIDCS’s Emmdad secures SAR 10m Sharia-compliant loan from Social Development Bank

Riyadh - Mubasher: Emmdad Logistic Services Company, a subsidiary of Saudi Industrial Development Company (SIDC), has signed a Sharia-compliant financing agreement worth SAR 10 million with the Social Development Bank. The five-year financing …

Banking and Finance

Photo Archive

11 July 2024 00:35 PM SIDC’s unit inaugurates 1st branch in Egypt

Riyadh – Mubasher: The Arabian Spring and Foam Mattresses Manufacturing Company (Sleep High), an Egypt-based subsidiary of Saudi Industrial Development Company (SIDC), opened its first branch in the City Stars Center Through the branch in Nasr …

Companies Investments

Photo Archive

23 June 2024 10:36 AM SIDC eyes restructuring capital to lower accumulated losses

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) submitted an application file, on 13 June, to the Capital Market Authority (CMA) to reduce its capital by SAR 265 million. The new capital will stand at SAR 135 million distributed …

Companies Investments

Photo Archive

13 November 2023 04:51 PM SIDC’s net losses widen in 9M-23; accumulated losses unveiled

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) recorded net losses after Zakat and tax worth SAR 21.83 million in the first nine months (9M) of 2023, a 14.65% year-on-year (YoY) rise from SAR 19.04 million in the same period of …

Financial Results

Photo Archive

3 July 2022 05:58 PM SIDC’s subdiairy signs agreement worth SAR 13m/year with Emdad

Riyadh – Mubasher: Global Marketing Company for Sleeping Systems (Sleep High), a subsidiary of Saudi Industrial Development Company (SIDC), has penned a deal with Emdad Logistics at an estimated annual value of SAR 12.65 million. Under the …

Companies Investments

The loss per share stood at SAR 0.15 in H1-21

17 August 2021 02:07 PM SIDC logs 7% higher losses in H1-21; accumulated losses hit SAR 29m

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) posted an increase of 7% in net losses after Zakat and tax to SAR 6.1 million in the first half (H1) of 2021 from SAR 5.7 million in H1-20. The loss per share stood at SAR 0.15 in …

Financial Results

The company’s losses dropped by 83.3% yearly in the first nine months of 2020.

27 October 2020 09:45 AM SIDC returns to profits in Q3

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) returned to net profits of SAR 5.1 million during the third quarter (Q3) of 2020, against net losses of SAR 4.3 million in the year-ago quarter. The Tadawul-listed firm realised …

Financial Results

Revenues retreated by 22.8% year-on-year during Q2-20

28 July 2020 09:14 AM SIDC turns to profitability in Q2-20

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) turned profitable in the second quarter (Q2) of 2020, posting net profits of SAR 4.3 million, against net losses of SAR 1.7 million over the same period in 2019. Revenue stood at …

Financial Results

The OGM approved the board’s report for FY 2019

15 June 2020 10:34 AM SIDC to use SAR 8m of reserve to offset accumulated losses

Riyadh – Mubasher: The ordinary general meeting (OGM) of the Saudi Industrial Development Company (SIDC) approved transferring SAE 8.09 million from the statutory reserve surplus to the accumulated losses account. The decision was made during the …

Board of Directors

Revenues decreased by 19.56% to SAR 40.3 million

4 June 2020 01:31 PM SIDC turns to losses in Q1-20

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) reported SAR 10 million in net losses after zakat and tax during the first quarter (Q1) of 2020, versus a net profit of SAR 3 million in Q1-19. Revenues decreased by 19.56% to SAR 40.3 …

Financial Results

Accumulated losses reached SAR 25.85 million by end of last year

29 April 2020 02:15 PM SIDC board recommends lowering accumulated losses

Riyadh – Mubasher: The board of the Saudi Industrial Development Company (SIDC) has recommended to the general assembly fully utilizing the company’s statuary reserve to offset losses. The board recommended using SAR 8.099 million to offset part …

Management Decisions

Net losses after zakat and tax increased by 30.76% in Q2-19

24 July 2019 00:00 PM SIDC suffers SAR 2m losses in Q2

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) announced its interim financial results for the second quarter of 2019. Net losses after zakat and tax increased by 30.76% to SAR 1.7 million in Q2-19, compared to SAR 1.3 million in …

Revenues rose 12.1% to SAR 50.1 million

24 April 2019 10:49 AM SIDC’s profit soars 1,665% in Q1

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) reported a 1,664.7% year-on-year profit hike in the first quarter of 2019. The Saudi firm’s net profits, after zakat and taxes, leapt to SAR 3 million ($799,890) in Q1-19 from …

Financial Results

The decision was announced after a lawsuit submitted to Jeddah’s commercial court

14 March 2019 10:43 AM SIDC to redeem SAR 15.19m from Juhaina after court ruling

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) on Thursday said that it will redeem a SAR 15.19 million amount from its former partner Juhaina Trading, Industry and Contracting Co. The decision was announced after a …

Financial Results

The firm attributed the previous-year loss hike to a drop in sales

27 February 2019 09:54 AM Saudi Industrial Development’s loss rises 195% in 2018

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) on Wednesday reported a 195% year-on-year increase in losses during the full-year 2018. SIDC’s losses amounted to SAR 30.1 million ($8.02 million) from January to December 2018, up …

Financial Results

Al Marwani will leave on 1 October 2019

25 October 2018 10:45 AM SIDC’s CEO to step down early 2019

Riyadh – Mubasher: The Saudi Industrial Development Company’s (SIDC) board of directors has approved CEO Fuzan Al Marwani’s resignation. Al Marwani will leave on 1 October 2019, according to a statement to the Saudi Stock Exchange (Tadawul). …

Management Decisions

SIDC attributed the third-qurater loss growth to a rise in operational losses

25 October 2018 10:36 AM SIDC suffers SAR 8.7m loss in Q3

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) on Thursday announced a 141.67% year-on-year increase in its net losses during the third quarter of 2018, registering SAR 8.7 million from SAR 3.6 million. SIDC attributed the …

Financial Results

SIDC’s losses amounted to SAR 1.3 million during the period between April and June

24 July 2018 11:17 AM Saudi Industrial trims losses by 87% in Q2

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) on Monday reported an 87.38% year-on-year decrease in its losses during the second quarter of 2018. SIDC’s losses amounted to SAR 1.3 million during the period between April and …

Financial Results

SIDC’s net profits slumped to SAR 170,000 in the three-month period ended March 2018

29 April 2018 11:32 AM Lower sales drag SIDC Q1 profit down

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) on Sunday reported a 79.01% year-on-year plunge in its net profits during the first quarter of 2018. SIDC’s net profits slumped to SAR 170,000 in the three-month period ended March …

Financial Results

SIDC’s net profits dropped to SAR 2.9 million during Q4-17

4 March 2018 10:21 AM SIDC turns to loss during 2017

Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) on Sunday posted a 64.8% year-on-year decline in its net profits during the fourth quarter of 2017. SIDC’s net profits dropped to SAR 2.9 million during Q4-17, compared to SAR 8.24 …

Financial Results

Ibn Rushd invites SIDC to attend EGM

12 December 2017 10:40 AM Ibn Rushd invites SIDC to attend EGM

Riyadh – Mubasher: Arabian Industrial Fibers Company (Ibn Rushd) invited Saudi Industrial Development Company (SIDC) to attend the extraordinary general meeting (EGM) on Sunday, 31 December. Ibn Rushd is a subsidiary of the Saudi Basic Industries …

Board of Directors

SIDC’s net losses decreased to SAR 3.6 million in Q3-17, from SAR 7.7 million in Q3-16, according to a bourse filing

1 November 2017 02:47 PM SIDC’s losses reach SAR 3.6m in Q3

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) on Wednesday said its net losses retreated 53.3% in the third quarter of 2017, compared to the year-ago period. SIDC’s net losses fell to SAR 3.6 million in Q3-17, from SAR 7.7 million …

Financial Results

SIDC’s stock closed Tuesday’s trading session at SAR 11.04, shedding 3.07%.

26 July 2017 10:59 AM SIDC turns to losses in Q2 amid higher production costs

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) on Wednesday announced turning to losses in the second quarter of 2017, compared to Q2-16 and Q1-17, according to a bourse filing. The Saudi-listed company’s losses amounted to SAR …

Financial Results

(Photo Credit: Arabianeye-Reuters)

1 May 2017 09:36 AM SIDC turns to profitability in Q1

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) on Monday reported turning to profitability in the first quarter of 2017 against losses in the same quarter of 2016. Net profits stood at SAR 800,000 in Q1-17, against losses of SAR …

Financial Results

(Photo Credit: Arabianeye-Reuters)

12 March 2017 09:31 AM SIDC suffers SAR 3m losses in 2016

Riyadh – Mubasher: Saudi Industrial Development Co’s (SIDC) losses declined 82% in 2016 compared to the previous year. The company suffered SAR 3.4 million ($907,000) in 2016, compared with SAR 18.9 million ($5.04 million) in 2015, as per its …

Financial Results