Saudi Arabian Amiantit Co (2160)

Riyadh – Mubasher: Saudi Arabian Amiantit Company signed a settlement agreement with Saudi National Bank (SNB) for SAR 313 million facilities due to the bank at a 50% discount. Amiantit paid only SAR 156.5 million from the proceeds of the capital …

Riyadh – Mubasher: Saudi Arabian Amiantit Company has signed six contracts for its 100%-owned subsidiaries with several contractors at a total value of SAR 174 million. The contracts include supply and installation of pipes for several strategic …

Riyadh – Mubasher: Saudi Arabian Amiantit Company has signed an agreement with Saudi National Bank (SNB) to settle a SAR 313 million debt. Under the agreement, Amiantit will pay only 50% of the debt, or SAR 156.5 million, by the cash inflows from …

Riyadh – Mubasher: Saudi Arabian Amiantit Company and Al Sagr Cooperative Insurance Company plan to increase their capital by offering rights issues, according to bourse disclosures. Amiantit aims to raise its capital by SAR 346.50 million in line …

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Saudi Arabian Amiantit Company’s request to increase its capital through a rights issue worth SAR 346.50 million. Subject to the shareholders’ approval and other regulatory …

Riyadh – Mubasher: Saudi Industrial Services Company (SISCO) has announced a project awarding to a consortium in which one of its subsidiaries participates. The subsidiary is the International Water Distribution Company (Tawzea) and it is equally …

Riyadh – Mubasher: The shareholders of Saudi Arabian Amiantit Company have agreed to reduce the capital by 69.06% to SAR 99 million from SAR 320 million. During their extraordinary general meeting (EGM) on 27 February, the shareholders approved …

Riyadh – Mubasher: The board of Saudi Arabian Amiantit Company accepted on 27 February the resignation of its CEO, Khalil bin Abdulfattah Kordi, due to personal reasons. Kordi’s resignation will be effective starting from 1 March, according to a …

Riyadh – Mubasher: The shareholders of International Water Distribution Company (Tawzea), a subsidiary of Saudi Industrial Services Company (SISCO), have approved Tawzea's conversion from limited liability to a closed joint-stock company …

Riyadh – Mubasher: The board of Saudi Arabian Amiantit Company has recommended a capital decrease of 69.06 % and a subsequent capital increase through the rights issue. The capital would decline to SAR 99 million from SAR 320 million by …

Riyadh – Mubasher: East Gas Company, in which Saudi Arabian Amiantit Company owns 31% of capital, plans to list and trade shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul), Amiantit announced on Thursday upon a letter from East …

Riyadh – Mubasher: Saudi Arabian Amiantit Company has appointed Khalil bin Abdulfattah Kordi as the CEO of the company starting from 1 November 2021. Amiantit has suspended the previous appointment of Osama Jasim Al Onaize as the Acting CEO, …

Riyadh – Mubasher: Saudi Arabian Amiantit Company has accepted the resignation of its CEO, Solaiman Abdulaziz Al Twaijri, on 18 October. The resignation of Al Twaijri will be effective as of 1 November 2021 as his last working day will be 31 …

Riyadh – Mubasher: Saudi Arabian Amiantit Company has signed an agreement with the Saudi National Bank (SNB) to reschedule banking facilities worth SAR 330 million. The company will reschedule the facilities to improve and arrange its cashflow and …

Riyadh – Mubasher: Saudi Industrial Services Company (SISCO) and Saudi Arabian Amiantit Company announced that the consortium including their associate International Water Distribution Company (Tawzea) signed a contract with the Saudi Water …

Riyadh – Mubasher: Saudi Arabian Amiantit Company has signed an agreement to reschedule Islamic banking facilities worth SAR 268 million with Bank Albilad. Rescheduling the Islamic banking facilities aims to improve and arrange the company's …

Riyadh – Mubasher: Saudi Arabian Amiantit Company announced that its accumulated losses decreased to SAR 73.32 million, equivalent to 22.91% of capital. This followed Amiantit’s board decision on 28 March to partially offset the SAR 205.49 million …

Riyadh – Mubasher: The Saudi Arabian Amiantit Company on Wednesday said its accumulated losses have fallen to 27% of the capital. The company’s accumulated losses now stand at SAR 86.39 million, Saudi Amiantit said in a bourse disclosure. To …

Riyadh – Mubasher: The Saudi Arabian Amiantit Company announced the full settlement of its loans with Samba Financial Group, Bank Aljazira, Gulf International Bank, Al Baraka Islamic Bank (Bahrain), and Arab Banking Corporation (Bahrain). The …

Riyadh – Mubasher: Nineteen Tadawul-listed companies have hiked their capital by SAR 12.57 billion during 2020, whereas eleven others lowered their capital meanwhile.   The capital hike processes were implemented by way of a rights issue, issuance …

Riyadh - Mubasher: The Saudi Arabian Amiantit Company on Sunday announced the results of the rump offering and the final allocation of the company’s rights issue shares, with a 602.8% coverage ratio. A total of 1.376 million shares have been sold …

Riyadh - Mubasher: The Saudi Arabian Amiantit Company said a total of 10.623 million shares of the new offered shares have been subscribed at a value of SAR 106.2 million. The firm’s rights issue was subscribed by 88.53%, according to a bourse …

Riyadh - Mubasher: The Saudi Arabian Amiantit Company’s extraordinary general meeting (EGM) approved reducing the company’s capital from SAR 344.517 million to SAR 200 million and then raising it by 60% via a rights issue. Hence, the number of …

Riyadh - Mubasher: ​The Saudi local content authority said that Saudi Arabian Amiantit Company has achieved 48.10% in local content and 58.10% in the percentage of local content and revenue from exports. The results were announced after the …

Riyadh - Mubasher: ​Saudi Arabian Amiantit Company on 23 November 2020 signed two agreements to sell its investments in Morocco. The Saudi firm has sold its entire 50% stake in Amitech Morocco for EUR 2.7 million (SAR 12.03 million), achieving net …