Saudi Marketing Co (4006)

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News

24 March 06:19 PM Farm Superstores appoints Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) announced three key appointments for a period of four years until 20 March 2030, according to a bourse filing. The company named Hazem Fayez Al Aswad as Chairman and Maher Hazem Al …

Management Decisions

13 November 2023 03:44 PM Farm Superstores’ net profits rise 16.5% in 9M-23

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) recorded net profits of SAR 18.72 million in the first nine months (9M) of 2023, a surge of 16.45% compared to SAR 16.07 million in the same period of 2022. The company’s sales rose by …

Financial Results

23 May 2021 01:10 PM Saudi Marketing logs 47.5% lower profits in Q1

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) registered a plunge of 47.5% in net profit after Zakat and tax at SAR 4.26 million during the January-March 2021 period, compared to SAR 8.11 million in the same quarter a year earlier. …

Financial Results

19 January 2020 04:53 PM Saudi Marketing renews finance deal with Al Rajhi

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) announced renewing a Sharia-compliant credit facility agreement with Al Rajhi Bank. The SAR 200 million finance deal has been extended until the end of November 2020, according to the …

Banking and Finance

26 December 2019 06:34 PM Farm Superstores renews SAR 112m credit facility with BSF

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) has renewed a SAR 112 million credit facility agreement with Banque Saudi Fransi (BSF). The agreement’s term will be extended to the end of January of 2021, according to a bourse …

Banking and Finance

10 November 2019 05:46 PM Saudi Marketing posts 28% profit rise in Q3

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) posted a 28.33% year-on-year profit growth during the third quarter of 2019. Net profits amounted to SAR 4.53 million in the July-September period of 2019, compared to SAR 3.54 million …

Financial Results

28 October 2019 11:52 AM Saudi Marketing opens new branch in Jubail

Riyadh – Mubasher: Saudi Marketing Company opened a new branch in Jubail Industrial City, raising its total branches to 86. Spread over 1,012 square metres, the new branch is located at King Abdulaziz Naval Base’s central market area, according to …

Company News

1 October 2019 07:22 PM Farm Superstores renews SAR 105.5m credit facility

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) has renewed a SAR 105.5 million credit facility agreement with the National Commercial Bank (NCB). The credit facility started on 3 September 2019 and will end on 31 March 2020, Farm …

Banking and Finance

27 August 2019 10:35 AM Farm Superstores opens new branch in Jubail

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores) has opened a new branch in Jubail Industrial City, raising the total number of stores to 85 in Saudi Arabia. The branch, located at Yanbu Commercial Center, covers an area of 2,500 …

Company News

7 August 2019 04:46 PM Saudi Marketing turns profitable in 3M

Riyadh – Mubasher: Saudi Marketing Company announced its interim financial statements for the second quarter of 2019. The company turned profitable with SAR 3.7 million in Q2-19, against losses of SAR 11.26 million in Q2-18, according to the …

Company News

18 July 2019 05:56 PM Farm Superstores renews SAR 130m loan with Alinma Bank

Riyadh – Mubasher: Saudi Marketing Co (Farm Superstores) announced renewing its sharia-compliant facility agreement with Alinma Bank. The SAR 130 million loan deal has been extended to 30 April 2020, the company said in a statement to the Saudi …

Banking and Finance

13 May 2019 10:41 AM Farm Superstores incurs SAR 2.6m losses in Q1

Riyadh – Mubasher: Saudi Marketing Co (Farm Superstores) has registered a loss of SAR 2.6 million during the first quarter of 2019 versus profits worth SAR 13.67 million in the same period a year ago. The incurred loss in the three months ended on …

Financial Results

1 April 2019 00:58 PM Farm Superstores reports 44% profit drop in 2018

Riyadh – Mubasher: Saudi Marketing Co, known as Farm Superstores, on Sunday reported a 43.78% year-on-year decline in net profit during the full-year 2018. Farm Superstores posted SAR 3.78 million ($1.01 million) in profits, after zakat and taxes, …

Financial Results

14 January 2019 04:50 PM Farm Superstores renews SAR 200m loan with Al Rajhi Bank

Riyadh – Mubasher: Saudi Market Company, known as Farm Superstores Co, on Monday announced renewing a SAR 200 million sharia-compliant credit facility with Al Rajhi Bank. The financing’s tenure extends from 14 January until 30 September, according …

Companies Investments

8 November 2018 05:55 PM Farm Superstores Q3 profits decline 55%

Mubasher: Saudi Market Company, known as Farm Superstores Co, reported a decrease of 55% in profits during the third quarter of 2018 compared to the same period in the previous year. Earnings shrank to SAR 3.24 million in Q3-18 from SAR 7.21 …

Financial Results

3 October 2018 04:38 PM Farm Superstores renews SAR 124.67m facility with NBK

Riyadh – Mubasher: Saudi Market Company, known as Farm Superstores Co, has renewed a SAR 124.67 million ($33.25 million) loan agreement with the National Bank of Kuwait (NBK). The funding’s period will last from 12 August 2018 until 31 May 2019, …

Companies Investments

26 September 2018 10:44 AM Saudi Farm sells entire stake in Lebanese subsidiary for SAR 115m

Riyadh – Mubasher: Saudi Marketing (Farm Superstores) on Wednesday announced that its board has recommended selling its entire stake in its Lebanese subsidiary. The Saudi firm will sell its 99.95% stake for SAR 115.89 million, representing the net …

Corporate Actions

12 August 2018 04:09 PM Saudi Marketing renews SAR 204m loan deal with NCB

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores Co) on Sunday renewed a credit facility agreement with the National Commercial Bank (NCB) at a value of SAR 203.51 million. The finance period extends from April 2018 until the end of …

Banking and Finance

8 August 2018 05:17 PM Saudi Market incurs SAR 12m loss in Q2

CoRiyadh – Mubasher: Saudi Market Company (Farm Superstores Co) on Wednesday reported turning to loss during the second quarter of 2018, against generating profits in the prior year period. Farm Superstores’ net loss amounted to SAR 11.86 million …

Financial Results

9 May 2018 05:51 PM Saudi Market Q1 profit plunges 46%

Riyadh – Mubasher: Saudi Market Company (Farm Superstores Co) on Wednesday posted a 46.18% year-on-year slump in its profits for the first quarter of 2018. Net profits amounted to SAR 12.13 million in Q1-18, compared to SAR 22.53 million in Q1-17, …

Financial Results

28 March 2018 04:44 PM Higher expenses weigh on Farm Superstores' profit in 2017

Riyadh – Mubasher: Saudi Marketing Co, known as Farm Superstores on Wednesday reported a 36% year-on-year decline in its net profits during the full-year 2017, pressured by higher expenses.  Farm Superstores’ net profits dropped to SAR 59.13 …

Financial Results

27 March 2018 10:40 AM Saudi Farm Superstores to buy 100% of Lebanon's unit

Riyadh – Mubasher: Saudi Marketing Co, known as Farm Superstores, received a mandatory tender offer from board chairman Hazem Fayez Alaswad to acquire its entire stake in Lebanon-based subsidiary Saudi Marketing and Trading. Farm Superstores owns …

Corporate Actions

27 March 2018 10:07 AM Farm Superstores, Banque Saudi Fransi ink $26.7m credit facility

Riyadh – Mubasher: Saudi Marketing Company, known as Farm Superstores, has signed a SAR 100 million ($26.7 million) credit facility with Banque Saudi Fransi. The deal is effective as of 21 March to 29 June 2018, upon which the Saudi firm will pay …

Banking and Finance

16 October 2017 04:45 PM Farm Superstores renews SAR130m Islamic loan

Riyadh – Mubasher: Saudi Marketing, known as Farm Superstores, on Monday announced renewing an Islamic credit facilities contract with Al Inma Bank worth SAR 130 million (around $34.67 million). The contract extends from 3 October 2017 till the …

Corporate Actions

11 October 2017 05:06 PM Farm Superstores renews $40.33m banking facilities deal

Riyadh – Mubasher: The Saudi Marketing Co, Farm Superstores, has renewed a banking facilities contract with Gulf International Bank (GIB) for a total value of SAR 151.25 million ($40.33 million). The financing duration will be from 28 August 2017 …

Banking and Finance