Saudi Arabian Amiantit Co (AMIANTIT) News - Mubasher Info
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19 January 03:05 AM

Saudi Arabian Amiantit Co (2160)

Last update: 18 January 03:19 PM market time.
16.25
0.55
3.50%
Open 15.81
Previous Close 15.70
High 16.26
Low 15.81
Stock Statistics
Volume 255,040
Turnover 4,105,159.90
All data are 15 minutes late during market session

News

Photo Archive
20 October 2025 02:38 PM Amiantit forges partnership with SAR to develop railway infrastructure
Riyadh – Mubasher: Saudi Arabian Amiantit Company signed a memorandum of understanding (MoU) with Saudi Arabia Railways (SAR) on 19 October during the Saudi International Railway Exhibition and Conference in Riyadh. The deal aims to enhance the …
Companies Investments
Photo Archive
21 July 2024 10:26 AM Amiantit shifts to profits in H1-24
Riyadh – Mubasher: Saudi Arabian Amiantit Company turned to a net profit of SAR 479.62 million in the first half (H1) of 2024, versus a net loss of SAR 8.08 million in the same period a year earlier. Sales grew by 8.71% year-on-year (YoY) to SAR …
Financial Results
Photo Archive
28 April 2024 10:09 AM Amiantit’s profits skyrocket 23,672% YoY in Q1-24
Riyadh – Mubasher: Saudi Arabian Amiantit Company posted SAR 474.50 million net profit in the first quarter (Q1) of 2024, a 23,672% year-on-year (YoY) surge from SAR 1.99 million. Revenues inched higher by 1.39% YoY to SAR 200.19 million in Q1-24 …
Financial Results
Photo Gallery
24 March 2024 00:12 PM Saudi Arabian Amiantit settles SAR 313m debt to SNB
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 …
Banking and Finance
Photo Gallery
13 March 2024 10:54 AM Amiantit pens SAR 174m contracts for subsidiaries
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 …
Companies Investments
Photo Archive
15 February 2024 04:58 PM Amiantit settles debt to SNB, Alinma Bank
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 …
Banking and Finance
Photo Archive
14 September 2023 00:04 PM Amiantit, Al Sagr Cooperative mull capital hike via rights issue
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 …
Corporate Actions
Photo Archive
4 December 2022 03:39 PM CMA greenlights Amiantit’s SAR 346.5m capital raise
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 …
Management Decisions
Photo Archive
21 August 2022 09:37 AM Consortium including unit of SISCO, Amiantit awarded SAR 400m project
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 …
Macroeconomics
Photo Archive
28 February 2022 05:55 PM Amiantit’s EGM approves capital reduction to SAR 99m; trading on stock halted
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 …
General Assembly
Photo Archive
28 February 2022 03:30 PM Amiantit’s Kordi submits resignation; new CEO appointed
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 …
Corporate Actions
Photo Archive
26 December 2021 10:02 AM SISCO's Tawzea obtains shareholder's approval for conversion, listing on Nomu
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 …
Companies Investments
Photo Archive
23 November 2021 10:05 AM Amiantit's board proposes capital cut, subsequent capital raise through rights issue
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 …
Board of Directors
Photo Archive
18 November 2021 00:38 PM East Gas in process to list on Saudi market – Amiantit
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 …
Management Decisions
Photo Archive
1 November 2021 11:31 AM Amiantit appoints Kordi as CEO
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, …
Corporate Actions
Photo Archive
19 October 2021 00:20 PM Amiantit’s CEO submits resignation
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 …
Corporate Actions
The loan will have a positive impact on enhancing the company's performance
4 October 2021 11:38 AM Amiantit inks SAR 330m loan rescheduling agreement with SNB
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 …
Banking and Finance
Photo Archive
27 September 2021 01:47 PM Consortium including SISCO’s unit, Amiantit inks deal for 3 plants
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 …
Companies Investments
This step will also have a positive impact on the company's performance
30 June 2021 00:18 PM Amiantit inks agreement to reschedule banking facilities with Al Bilad Bank
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 …
Banking and Finance
Amiantit decided last March to partially offset the SAR 205.49 million accumulated losses
11 April 2021 00:57 PM Amiantit’s accumulated losses shrink to 23% of capital
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 …
Board of Directors
The company’s accumulated losses now stand at SAR 86.39 million.
3 February 2021 09:55 AM Saudi Amiantit’s accumulated losses down to 27% of capital
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 …
Financial Results
The settlement is expected to have a positive impact on the company's financial statements
10 January 2021 11:41 AM Saudi Amiantit settles loans worth SAR 107m with Saudi, Bahraini banks
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 …
Banking and Finance
Eleven companies have cut their capital during the past year by SAR 2.9 billion.
7 January 2021 02:58 PM Nineteen Tadawul-listed firms raise capital by SAR 12.6bn in 2020
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 …
Companies Investments
Photo Archive
27 December 2020 09:56 AM Saudi Amiantit’s remaining rights issue shares 602.8% subscribed
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 …
Companies Investments
The reoffering process will take place from 22 to 23 December 2020.
20 December 2020 09:25 AM Saudi Amiantit’s rights issue 88.53% subscribed
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 …
Companies Investments