Saudi Company for Hardware (SACO) News - Mubasher Info
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18 January 09:49 PM

Saudi Company for Hardware (4008)

Last update: 03:16 PM market time.
25.66
0.32
1.26%
Open 25.44
Previous Close 25.34
High 25.96
Low 25.44
Stock Statistics
Volume 57,184
Turnover 1,472,408.16
All data are 15 minutes late during market session

News

Photo Archive
13 November 2023 06:17 PM SACO’s net losses shrink nearly 32% in 9M-23; accumulated losses unveiled
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 …
Financial Results
Photo Archive
16 October 2022 06:26 PM SACO’s CEO resigns; Bdeir succeeds
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 …
Corporate Actions
Photo Archive
9 March 2022 04:58 PM SACO turns to losses in 2021
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% …
Financial Results
Photo Archive
9 January 2022 10:40 AM SACO opens new store in Makkah city
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, …
Companies Investments
Earnings per share stood at SAR 0.84 in H1-21
1 August 2021 06:37 PM SACO logs SAR 30m profits in H1-21, halts dividends
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, …
Board of Directors
SACO has raised the loan value by SAR 82.04 million
9 June 2021 06:46 PM SACO increases loan value from SABB to SAR 413m
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 …
Banking and Finance
SACO will distribute SAR 0.75 per share in dividends next month
14 March 2021 11:55 AM SACO posts 39% higher profits in 2020
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 …
Financial Results
Photo Archive
15 December 2020 04:48 PM SACO opens new store in Khamis Mushait City
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 …
Companies Investments
Photo Archive
2 November 2020 11:52 AM SACO permanently closes Al Qasr Mall showroom
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 …
Companies Investments
The company's revenues declined by 5.5%
1 November 2020 04:04 PM SACO's net profits jump 12.6% in Q3-20
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 …
Financial Results
SACO's revenue hiked by 13.3% annually in Q2
26 July 2020 10:52 AM SACO’s profits rise 53% in Q2-20; dividends approved
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 …
Financial Results
COVID-19 resulted in decreased sales and less promotional activities
10 May 2020 01:09 PM SACO records 39% decline in Q1 profits
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 …
Financial Results
Sales rose by 4.8% annually by 2019 year-end
25 March 2020 00:14 PM SACO’s profit shrinks 37% in FY19
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 …
Board of Directors
The 22-year contract involves land investment in Jeddah
2 March 2020 06:44 PM SACO signs SAR 194m land investment contract
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 …
Companies Investments
SACO now has 34 stores in 18 cities across Saudi Arabia
3 February 2020 11:51 AM SACO Hardware inaugurates new store in Riyadh
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 …
Companies Investments
Haytham Al Hamidi has been named as CEO
2 January 2020 05:19 PM SACO CEO resigns; board appoints Haytham Al Hamidi
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 …
Board of Directors
The credit facility duration is five years
20 December 2019 01:14 PM SACO secures SAR 100m Islamic financing from GIB
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 …
Company News
The credit facility will finance working capital and capital expenditure requirements
14 November 2019 11:57 AM SACO, SABB ink SAR 331m finance agreement
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 …
Company News
Net profit after zakat and tax hits SAR 55.6m in 9M
31 October 2019 11:08 PM SACO’s profit drops 40% YoY in Q3-19
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 …
Financial Results
The new store is located at Jubail industrial city
5 August 2019 05:11 PM SACO opens new store in Jubail
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 …
Company News
Sales rose 0.2% year-on-year
23 July 2019 07:49 PM SACO logs SAR 21.7m profit in Q2-19
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 …
Financial Results
The firm attributed the rise in Q1-19 profits to a growth in sales
1 May 2019 10:35 AM SACO logs SAR 19.2m profit in Q1 on higher sales
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 …
Financial Results
Distributions represent 10% of the stock’s par value
27 February 2019 01:16 PM SACO nods to distribute SAR 36m dividends for H2-18
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 …
Management Decisions
Sales tumbled 4.4% to SAR 1.39 billion last year
27 February 2019 00:57 PM SACO’s profit levels down 27% in 2018
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 …
Financial Results
This opening brings the total number of SACO stores to 31 in 17 cities throughout the Kingdom
28 October 2018 11:15 AM Saudi Co. for Hardware opens new store in Riyadh
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 …
Companies Investments