Saudi Company for Hardware (4008)

Riyadh – Mubasher: Saudi Company for Hardware (SACO) recorded 31.61% lower net losses after Zakat and tax to SAR 44.65 million during the first nine months (9M) of 2023 from SAR 65.29 million in 9M-22.   The revenues shrank by 16.19% year-on-year …

Riyadh – Mubasher: Haytham Al Hamidi resigned from his post as the CEO of the Saudi Company for Hardware (SACO) on 13 October 2022 due to personal reasons, according to a recent bourse filing. The board announced that Abdel Salam Bdeir will be …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) has incurred net losses after Zakat and tax worth SAR 28.49 million in 2021, against profits amounting to SAR 85.53 million in 2020. The company’s revenues reached SAR 1.27 billion, a 14.12% …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) has opened a new store in Makkah city to raise the total number of its stores across Saudi Arabia to 35. Spanning over 4,732 square metres, the new store is located at Alawali district, …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) registered a 32.9% decrease in net profits after Zakat and tax at SAR 30.08 million in the first half (H1) of 2021 from SAR 44.86 million in H1-20. Earnings per share stood at SAR 0.84 in H1-21, …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has raised the value of the credit facilities obtained from the Saudi British Bank (SABB) to SAR 412.95 million. Based on the contract signed between the two parties in 2019, SACO has raised …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) reported a 38.8% growth in net profit after zakat and tax during 2020, as shown by the company’s annual financial results on Sunday. Net profits stood at SAR 85.53 million last year, up from …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) inaugurated on Tuesday a store in Khamis Mushait City that spans an area of 5,629 square meters. The store, located at King Fahad Road, is expected to increase the turnover and profitability …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has permanently closed on 1 November 2020 its showroom located in Al Qasr Mall in the mid-southern part of Riyadh city. The move has no material impact on the company’s financials, as its …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) saw a 12.57% rise in net profits after Zakat and tax to SAR 16.48 million during the third quarter (Q3) of 2020 from SAR 14.64 million in the corresponding quarter of 2019. The increase in …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) gained net profits worth SAR 33.14 million during the second quarter (Q2) ended on 30 June 2020, compared to SAR 21.69 million in the same period last year, posting a 52.78% surge. The …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) achieved a net profit after zakat and tax of SAR 11.72 million during the first quarter (Q1) of 2020, posting a 39% decline compared with the same period last year. Revenues decreased by …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) registered a net profit after tax and zakat worth SAR 61.63 million during 2019, down by 37% from SAR 97.88 million in 2018. Sales rose by 4.8% last year to stand at SAR 1.46 billion from …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has signed a contract with one of the owners of Abrar International Holding Company. The contract involves land investment in Jeddah, with a value of SAR 194 million and a duration of 22 …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) announced the opening of a new store in Riyadh. The store spans across an area of 6,089 square meters and is located on the Southern Ring Road in the Aziziah district. It brings the total …

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) announced the resignation of CEO Sameer Al Hamidi, upon his request, after serving the company for nearly 35 years. The decision has been accepted by the Board of Directors, which decided to …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) said that it signed an Islamic banking facilities deal with Gulf International Bank (GIB) worth SAR 100 million, according to a statement to the Saudi Stock Exchange (Tadawul). SACO aims through …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) announced signing an Islamic banking facilities agreement with the Saudi British Bank (SABB) worth SAR 330.9 million. The credit facility duration is seven years, including a two-year grace …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) has posted a 40% year-on-year profit decline during the third quarter of the fiscal year 2019. The company’s net profit after zakat and tax went down to SAR 14.64 million in Q3-19, compared to …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) has opened a new store in Jubail on Sunday, 4 August. Spread over an area of 5,142 square metres, the new store is located at Jubail industrial city, according to the company’s filing to the …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) has reported a 6.4% year-on-year profit hike during the second quarter of the fiscal year 2019. SACO’s profit after Zakat and taxes reached SAR 21.69 million in Q2-19 versus SAR 20.38 million a …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) reported a 31.87% year-on-year increase in profits during the first quarter of 2019. SACO’s profits reached SAR 19.24 million in Q1-19, compared to SAR 14.59 million during Q1-18, according to a …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) on Wednesday announced a cash dividend distribution of SAR 36 million, or SAR 1 per share, for the second half of 2018. Distributions represent 10% of the stock’s par value, according to a …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) on Wednesday reported a 6% year-on-year drop in net profit during the fourth quarter of 2018. SACO’s profits after calculating Zakat and Tax amounted to SAR 38.48 million ($10.26 million) in …

Riyadh – Mubasher: Saudi Company for Hardware (SACO) on Sunday announced the opneing of a new store in Riyadh at Atyaf Mall. Spanning an area of 5,200 square metres, the financial impact of this new store will be reflected in the fourth quarter …