Saudi Company for Hardware (4008)

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News

18 June 01:17 PM SACO shareholders elect new board, authorize interim dividends for 2026

Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has announced the results of its Ordinary General Assembly meeting held on 17 June 2026, during which the shareholders approved the election of a new Board of Directors for the upcoming …

Company News

2 February 02:53 PM SACO obtains SAR 150m loan from SNB

Riyadh – Mubasher: Saudi Company for Hardware (SACO) secured a Shariah-compliant credit facilities agreement valued at SAR 150 million from the Saudi National Bank (SNB) on 1 February 2026. The investment will be used to finance the company’s …

Companies Investments

13 November 2023 05:17 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

16 October 2022 05:26 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 …

Board of Directors

9 March 2022 03:58 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

9 January 2022 09:40 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

1 August 2021 05:37 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

9 June 2021 05:46 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 …

Companies Investments

14 March 2021 10:55 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

15 December 2020 03:48 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

2 November 2020 10:52 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

1 November 2020 03:04 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

26 July 2020 09:52 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

10 May 2020 00:09 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

25 March 2020 11:14 AM 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 …

Financial Results

2 March 2020 05:44 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

3 February 2020 10:51 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

2 January 2020 04:19 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 …

Company News

20 December 2019 00:14 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

14 November 2019 10:57 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 …

Banking and Finance

31 October 2019 10:08 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

5 August 2019 04:11 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

23 July 2019 06:49 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

1 May 2019 09:35 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

27 February 2019 00:16 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 …

Cash Dividends