National Metal Manufacturing and Casting Co (2220)

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News

9 June 01:04 PM Maadaniyah announces key appointments

Riyadh – Mubasher: National Metal Manufacturing and Casting Company (Maadaniyah) has appointed Fawaz bin Mohammed Al Fawaz as the Chairman of the Board of Directors for the next four years. Shaker bin Nafil Al Otaibi was named the Vice Chairman, …

Company News

31 May 03:36 PM Maadaniyah reveals SAR 10m contract with Chinese energy firm HEI

Riyadh – Mubasher: National Metal Manufacturing and Casting Company (Maadaniyah) has announced that its industrial branch, Gulf Baas Industrial Company, also known as Baas Valves, has entered into a significant supply agreement with Harbin …

Company News

6 November 2023 04:40 PM Maadaniyah reports lower net losses in 9M-23, unveils SAR 84m accumulated losses

Riyadh – Mubasher: The income statements of National Metal Manufacturing and Casting Company (Maadaniyah) showed that its net losses after Zakat and tax shrank by 25.84% year-on-year (YoY) to SAR 18.42 million in the first nine months (9M) of 2023 …

Financial Results

31 January 2022 04:55 PM Maadaniyah lowers accumulated losses to 8%

Riyadh – Mubasher: National Metal Manufacturing and Casting Company (Maadaniyah) has decreased its accumulated losses to SAR 29.38 million, equivalent to 8.298% of the capital. To decrease the accumulated losses, the company has cut the capital …

Financial Results

4 October 2021 02:32 PM Maadaniyah to establish SAR 71m valves factory

Riyadh – Mubasher: The National Metal Manufacturing and Casting Company (Maadaniyah) will set up a factory specialised in manufacturing valves used in oil, gas, and petrochemical at a total value of SAR 71 million. Expected to be completed in the …

Companies Investments

14 September 2021 04:49 PM CMA approves Maadaniyah’s capital cut, hike

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for National Metal Manufacturing and Casting Company (Maadaniyah) to reduce then increase its capital, according to a bourse filing on Tuesday. Maadaniyah aims to …

Corporate Actions

30 August 2021 04:31 PM Maadaniyah extends deal to set up aluminum plant

Riyadh – Mubasher: The National Metal Manufacturing and Casting Company (Maadaniyah) has extended a memorandum of understanding (MoU) to establish a plant for aluminum foundry until the end of February 2022. Maadaniyah will also be able to renew …

Companies Investments

25 May 2021 03:50 PM Maadaniyah continues to amend capital cut value

Riyadh – Mubasher: The board of the National Metal Manufacturing and Casting Company (Maadaniyah) has recommended reducing the capital by 47.12 million instead of about SAR 40 million, according to a bourse disclosure on Tuesday. The capital will …

Board of Directors

18 May 2021 05:11 PM Maadaniyah’s Q1 losses shrink 5%

Riyadh – Mubasher: National Metal Manufacturing and Casting Company (Maadaniyah) incurred a net loss after Zakat and tax worth SAR 7.08 million during the first quarter (Q1) of 2021, a decrease of 5% from SAR 7.46 million in the same quarter a …

Financial Results

5 April 2021 02:13 PM Maadaniyah amends capital reduction value

Riyadh – Mubasher: The National Metal Manufacturing and Casting Company (Maadaniyah) decided to reduce the capital to SAR 240.96 million from SAR 281.12 million, due to the losses incurred during the fourth quarter of 2020. The reduction value, …

General Assembly

1 March 2021 10:59 AM Maadaniyah plans capital reduction, increase

Riyadh – Mubasher: The board of the National Metal Manufacturing and Casting Company (Maadaniyah) recommended reducing the company’s capital and then raising it through a rights issue. Maadaniyah’s capital is planned to be cut by 7.4% to SAR 260.3 …

Companies Investments

5 November 2019 07:22 PM Maadaniyah’s losses deepen in Q3-19

Riyadh – Mubasher: National Metal Manufacturing and Casting Company (Maadaniyah) has reported a 7.5% year-on-year loss increase during the third quarter of the fiscal year 2019. The company’s net loss after zakat and tax increased to SAR 47.08 …

Financial Results

4 August 2019 04:38 PM Maadaniyah turns to losses in Q2

Riyadh – Mubasher: National Metal Manufacturing and Casting Company (Maadaniyah) reported its interim financial results for the second quarter of 2019. The company turned to losses with SAR 4.1 million in Q2-19, against profits of SAR 3.75 million …

Financial Results

5 May 2019 05:10 PM Maadaniyah trims losses by 79% in Q1

Riyadh – Mubasher: The National Metal Manufacturing and Casting Company (Maadaniyah) posted a 78.7% decrease in its losses during the first quarter of 2019. Maadaniyah’s losses, after zakat and taxes, tumbled to around SAR 190,000 from nearly SAR …

Financial Results

25 March 2019 05:05 PM Maadaniyah logs SAR 4.53m net profit in 2018

Riyadh – Mubasher: The Saudi-based National Metal Manufacturing and Casting Company (Maadaniyah) reported SAR 4.53 million ($1.21 million) in net profits in 2018, against SAR 19.66 million ($5.24 million) in net losses in the prior year. The Saudi …

Financial Results

28 October 2018 06:26 PM Maadaniyah losses fall 86% in Q3

Riyadh – Mubasher: The Saudi National Metal Manufacturing and Casting Company (Maadaniyah) on Sunday reported a 86.19% year-on-year decline in its losses during the third quarter of 2018, recording SAR 620,000, compared to SAR 3.6 million. The …

Financial Results

29 July 2018 05:06 PM Maadaniyah turns profitable in Q2

Riyadh – Mubasher: The Saudi National Metal Manufacturing and Casting Company (Maadaniyah) on Sunday announced turning to a profit during the second quarter of 2018, against suffering a loss in the year-ago period. Maadaniyah generated a profit of …

Financial Results

30 May 2017 03:42 PM Maadaniyah to distribute SAR0.5/shr starting 8 June

Riyadh - Mubasher: The Saudi National Metal Manufacturing and Casting Company (Maadaniyah) said that it will begin the distribution of cash dividends at SAR 0.50 per share on 8 June 2017, according to a bourse filing. The company said in a …

Cash Dividends

25 May 2017 10:04 AM Maadaniyah OKs SAR 0.50/shr dividends for FY16

Riyadh – Mubasher: The ordinary general meeting (OGM) of National Metal Manufacturing and Casting Company (Maadaniyah) on Wednesday approved the distribution of dividends at 50 halalas per share for fiscal year 2016. Total distributions amount to …

General Assembly

9 May 2017 09:21 AM Maadaniyah Q1 profits drop 88%

Riyadh – Mubasher: National Metal Manufacturing and Casting Co’s (Maadaniyah) profits declined 87.57% in the first quarter of 2017. The company achieved a net profit of SAR 1.45 million in Q1-17 compared to SAR 11.67 million in the same period in …

Financial Results

25 January 2017 04:22 PM Maadaniyah to create new Saudi manufacturing company

Riyadh - Mubasher: National Metal Manufacturing and Casting Company (Maadaniyah) announced on Wednesday that it has signed a memorandum of understanding (MoU) with the Saudi National Automobile Manufacturing Company. According to the company’s …

Companies Investments

22 December 2016 07:12 PM Maadaniyah board proposes dividends at SAR0.5/shr

Riyadh - Mubasher: The board of National Metal Manufacturing and Casting Company (Maadaniyah) recommended the distribution of cash dividends at SAR 0.5 per share or 5% of capital to shareholders for 2016. The recommended cash dividends total SAR …

Cash Dividends

18 October 2016 11:20 AM Maadaniyah Q3 profit declines 78%

Riyadh – Mubasher: National Metal Manufacturing and Casting Co.’s (Maadaniyah) net profit dropped 78% year-on-year to SAR 1.96 million ($523,000) in the third quarter of 2016 from SAR 8.93 million ($2.38 million). The decrease in net profit is …

Financial Results

17 October 2016 09:34 AM Maadaniyah starts trial operation of stranded wire production line

Riyadh – Mubasher: National Metal Manufacturing and Casting Company’s (Maadaniyah) said it started the trial operations of its new stranded wire production line on 1 September 2016. The company said it will start the commercial production by next …

Companies Investments

30 May 2016 09:01 AM Maadaniyah’s shareholders approve 5% cash dividends

Riyadh – Mubasher: National Metal Manufacturing and Casting Company’s (Maadaniyah) ordinary general meeting (OGM) agreed yesterday on distributing cash dividends at SAR 0.5 per share (5% of the capital)for the fiscal year 2015, totalling SAR 14 …

Cash Dividends