Abdullah Al Othaim Markets Co (4001)

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News

1 March 2016 10:39 AM Al Othaim OGM to discuss dividend plan 27 March

Riyadh-Mubasher: Abdullah Al Othaim Markets said its ordinary general meeting (OGM) will be held on 27 March, to discuss agenda items; mainly cash dividends for 2015. Shareholders will also review the board and auditor’s reports, financial …

General Assembly

23 February 2016 00:56 PM Al Othaim Markets plans SAR 2/shr dividends for 2015

Riyadh-Mubasher: Abdullah Al Othaim Markets said its board of directors recommended cash dividends for 2015 at 20% of the stock’s par value, or SAR 2 a share, totalling SAR 90 million. The record and payout dates will be announced later, the …

Corporate Actions

25 January 2016 11:47 AM Al Othaim's Q4 earnings beat estimates - Al Rajhi Capital

Riyadh-Mubasher: Abdullah Al Othaim Markets' Q4-15 figures were a positive surprise, led by strong revenue growth (up 18.7% year-on-year versus estimate of 11.5%), which points to better-than-estimated LFL growth, Al Rajhi Capital said in a …

Stock Evaluations

21 January 2016 09:12 AM Saudi’s Al Othaim posts 20% profit growth in Q4-15

Riyadh-Mubasher: Saudi Arabia’s Abdullah Al Othaim Markets reported net earnings of SAR 89.23 million for the fourth quarter ended 31 December 2015, a rise of 20% over SAR 74.23 million in the same period a year ago. Net income for the 12-month …

Financial Results

3 January 2016 00:59 PM SRMG free float declines to 30% at end-Q4

By Mohammed Abu Meleeh Riyadh-Mubasher: The free float of Saudi Research and Marketing Group (SRMG) dropped to 35.8% at the end of the fourth quarter of 2015, compared with 65.7% in the previous quarter, showed data compiled by Mubasher. Despite …

Trading Activities

16 December 2015 08:43 AM Al Othaim to invest SAR 144m in Egypt

Riyadh-Mubasher: Abdullah Al Othaim Markets Co. said its board approved an initial plan of geographical expansion through opening new stores in Egypt at a total value of SAR 144 million over the next three years, the company said in a bourse …

Corporate Actions

11 November 2015 02:14 PM Tadawul sees 3 put-through trades worth over SAR 173m

Riyadh-Mubasher: Saudi Stock Exchange (Tadawul) witnessed on Wednesday three put-through transactions on Alhokair and Abdullah Al Othaim Markets at a total value of more than SAR 173 million.

Mergers and Acquisitions

21 October 2015 09:43 AM Al Othaim Q3 earnings fall 12%

Riyadh-Mubasher: Abdullah Al Othaim Markets Co. made SAR 37 million in net earnings during the three-month period ended 30 September, down 12% compared with SAR 42 million in the corresponding quarter of 2014. However, nine-month net profits grew …

Financial Results

13 October 2015 04:21 PM Al Othaim says Mueen Recruitment got operating license

Riyadh-Mubasher: Abdullah Al Othaim Markets Co. said Mueen Recruitment Co. has obtained the final operating license from the ministry of labor, according to a bourse statement posted on Tuesday. Al Othaim earlier announced its participation in …

Mergers and Acquisitions

30 September 2015 01:11 PM Tadawul sees put-through trades worth SAR 64m

Riyadh-Mubasher: Saudi Arabia’s stock market witnessed on Wednesday put-through trades at a total value of SAR 63.8 million.

Mergers and Acquisitions

10 August 2015 05:26 PM Saudi retail firms’ H1 earnings reach SAR 1.6bn

By Asseel bin Talib Riyadh-Mubasher: Saudi Arabia’s retail companies recorded earnings of SAR 1.62 billion during the first half of 2015, growing 5% compared with SAR 1.54 billion in the same period of 2014. Jarir Marketing Co. made earnings of …

Research

9 August 2015 03:54 PM NBK Capital upgrades Al Othaim to ‘Buy’, ups FV to SAR 129

Riyadh-Mubasher: NBK Capital has raised the fair value of Abdullah Al Othaim Markets Co. by 12% from SAR 115 to SAR 129, upgrading its recommendation to ‘Buy’. The Tadawul-listed retailer has displayed a steady trend of opening new stores to widen …

Stock Evaluations

15 July 2015 08:45 AM Al Othaim Markets’ profits up 6% in H1

  Riyadh – Mubasher: Abdullah Al Othaim Markets posted a 6% increase in net profits in the first six months of 2015 to SAR 104.55 million, compared to SAR 98.25 million in the same period last year, according to a filing to the Saudi Stock …

Company News

18 May 2015 04:34 PM Al Othaim cuts stake in Mueen to 68%

Riyadh-Mubasher: Abdullah Al Othaim Markets said it has agreed with shareholders to reduce its stake in Mueen Recruitment Co. (Mueen) to 68% from 88%.The Tadawul-listed company had signed an agreement with other shareholders to co-found Mueen as a …

Company News

23 April 2015 05:59 PM Tadawul’s retail sector records 12% rise in Q1 profits

By Asil bin TalebRiyadh – Mubasher: Fourteen companies listed on Saudi Stock Exchange under the retail sector posted SAR 833 million in combined earnings for the first quarter of 2015, a rise of 11.9% year-over-year.Operating profits of retail …

Company News

21 April 2015 04:35 PM Al Othaim Q1 profits rise to SAR49m on sales growth

Riyadh – Mubasher: Saudi Arabia’s wholesale and retail operator Abdullah Al Othaim Markets posted 5.2% rise in Q1 net profits to SAR 48.9 million, compared with SAR 46.5 million in the same period a year earlier.The company attributed the profit …

Financial Results

14 April 2015 08:50 AM Al Othaim OKs cash dividends, elects board members

Riyadh-Mubasher: The extraordinary general meeting of Abdullah Al Othaim Markets approved cash dividends for the fiscal year 2014 at 17.5% of capital, or SAR 1.75 per share, totalling SAR 78.75 million.Shareholders of record on 13 April are …

Company News

1 April 2015 10:59 AM NCB Capital assigns 'Overweight' to Al Othaim, Shaker

Riyadh-Capital: NCB Capital (NCBC), the investment arm of National Commercial Bank (NCB), has assigned an 'Overweight' rating to Al Othaim and Shaker, setting their price targets at SAR 127 and SAR 91.1, respectively.The research firm also …

21 March 2015 11:22 AM Al-Rajhi Capital remains 'Overweight' on Al Othaim, 'Neutral' on Jarir

The Saudi retail sector has been one of the best performing sectors on the Tadawul All-Share Index (TASI) over the past couple of years, significantly outperforming the broader market, Al-Rajhi Capital said in a report.The sector witnessed a …

Stock Evaluations

23 February 2015 04:37 PM Al Othaim proposes SAR 1.75/shr dividend

Abdullah Al Othaim said the board proposed cash dividend for FY14 at 17.5% of the stock par value, or SAR 1.75 per share, totaling SAR 78.75 million.Shareholders registered on Tadawul Securities Depository Center until the close of trading on the …

Corporate Actions

16 February 2015 08:47 AM Al Othaim’s new subsidiary to start operations in Q2

Abdullah Al Othaim Markets said, with reference to its previous announcement about signing a non-binding memorandum of understanding (MoU) with AGAD United, a sister of ALBAIK Food Systems, that the documents related to the establishment of the …

Company News

4 February 2015 09:21 AM Al Othaim signs agreement to open ALBAIK restaurants

Abdullah Al Othaim Markets Co. has announced that regarding the previously-signed memorandum of understanding (MoU) with United Co. for Investment (AGAD), a sister of ALBAIK Food Systems Co., that it has already taken the MOU one step further by …

Company News

21 January 2015 06:38 PM Saudi Al Othaim posts 12% profit rise in 2014

Saudi Arabia’s Abdullah Al Othaim Markets Co. posted SAR 74.23 million net profit for the fourth quarter of 2014, with 6% increase year-over-year from SAR 74.23 million and 75.53% quarter-on-quarter from SAR 42.29 million.FY14 net profit rose 11.57% …

Financial Results

20 January 2015 06:51 PM Al Othaim participates in establishing recruitment firm

Riyadh-Mubasher: Abdullah Al Othaim Markets Company said in a bourse statement that it signed an agreement on Jan. 20, 2015 to participate in establishing Mueen Recruitment Company - a Saudi closed joint stock company (under foundation) based in …

14 January 2015 10:15 AM MubasherTrade announces ‘KSA Favorite List’

MubasherTrade Research has launched its ‘KSA Favorite List’ which comprises 20 stocks. The following table shows the favorite list in terms of price performance: The following table shows the …

Corporate Actions