Saudi Company for Hardware (SACO) News - Mubasher Info
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10 April 04:25 PM

Saudi Company for Hardware (4008)

Last update: 9 April 03:19 PM market time.
24.61
-0.99
-3.87%
Open 25.60
Previous Close 25.60
High 25.60
Low 24.10
Stock Statistics
Volume 368,443
Turnover 9,052,232.62
All data are 15 minutes late during market session

News

This opening brings the total number of SACO stores to 31 in 17 cities throughout the Kingdom
28 October 2018 10:15 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
The company’s net profits declined 36.7% to SAR 59.4 million during the first nine months of 2018
24 October 2018 11:12 AM SACO’s profit rises 7.2% in Q3
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) on Wednesday has said that net profits after calculating Zakat and Tax rose 7.2% year-on-year during the third quarter of 2018. SACO posted a profit of SAR 24.43 million ($6.51 million) in …
Financial Results
SACO logged SAR 20.38 million net profits during Q2-18, down from SAR 40.36 million in Q2-17, according to a bourse statement
23 July 2018 05:35 PM Saudi SACO’s profit goes down 50% in Q2
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) on Monday has stated that net profits slid 49.5% in the second quarter of 2018, compared to the year-ago period. SACO logged SAR 20.38 million net profits during Q2-18, down from SAR 40.36 …
Financial Results
SACO opened 4 Technology departments
23 July 2018 11:05 AM SACO opens 4 technology departments
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) on Monday revealed that it has opened four additional Technology departments in SACO world stores. The Sunday openings will bring the total number of SACO Technology departments opened in …
Companies Investments
The company noted that there is no financial impact on this transaction
23 July 2018 10:30 AM SACO acquires 100% of Medscan quotas
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) on Monday announced that it has finalised the acquisition of Medscan Terminal Company on 22 July. The company noted that there was no financial impact on this transaction, a statement to the …
Mergers and Acquisitions
SACO opens 30th store in Saudi Arabia
8 July 2018 09:12 AM SACO opens 30th store in Saudi Arabia
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) on Sunday unveiled the opening of its 30th store in the kingdom. Covering an area of 4,823 square metres, the store was opened on Thursday, 5 July in SKAKA city, Al Jouf. This new opening is …
Companies Investments
SACO’s profits amounted to SAR 14.59 million in Q1-18
9 May 2018 05:52 PM Saudi SACO profit falls 53% in Q1
Riyadh – Mubasher: Saudi Company for Hardware (SACO) on Wednesday posted a 52.6% year-on-year drop in its profits during the first quarter of 2018. SACO’s profits amounted to SAR 14.59 million in the three-month period ended March 2018, down from …
Financial Results
This department is expected to enhance sales and profits
10 April 2018 10:56 AM SACO opens 1st specialised technology department
Riyadh – Mubasher: Saudi Company for Hardware (SACO) has launched its first specialised technology department that provides mobile phones, tablets, and games and their accessories. Located in SACO World store, North Ring Road-Riyadh, the new …
Companies Investments
Estimate sales and revenues recorded SAR 1.46 billion
11 February 2018 11:42 AM SACO reports SAR 135m net profit in 2017
Riyadh – Mubasher: Saudi Company for Hardware (SACO) on Sunday posted a 4.6% increase in net profit during 2017, registering SAR 134.9 million, compared to SAR 128.97 million a year earlier. The increase in net profit can be attributed to the …
Financial Results
The company is working on adding 17,100 square metres to its retail areas during 2018.
16 January 2018 11:22 AM SACO to open 7 stores in KSA, GCC end 2020
Riyadh – Mubasher: Saudi Company for Hardware (SACO) on Tuesday announced starting its plan for 2019 and 2020, which aims at enhancing its financial position and expanding into the Kingdom and the GCC. SACO will inaugurate seven stores in Saudi …
Corporate Actions
Saudi SACO opens new store in Dammam
7 December 2017 10:49 AM Saudi SACO opens new store in Dammam
Riyadh – Mubasher: Saudi Company for Hardware inaugurated on Wednesday, 6 December a store of (SACO World) in Dammam,Al Faisaliah, West Avenue Mall. The new store is expected to enhance the firm’s profits and to impact positively on the …
Companies Investments
Net profits rose to SAR 22.79 million in Q3-17, from SAR 21.06 million in Q3-16, according to a bourse filing
2 November 2017 00:47 PM Higher sales boost SACO's profits 8% in Q3
Riyadh – Mubasher: Saudi Company for Hardware (SACO) on Thursday said that its net profits levelled up 8.21% in the third quarter of 2017, compared to the year-ago period. Net profits reached SAR 22.79 million in Q3-17, compared to SAR 21.06 …
Financial Results
The store is covering an area of 4,550 square metres, and it is expected to enhance SACO’s sales and profits
18 September 2017 10:43 AM SACO opened new store in Hafr Al-Batin
Riyadh – Mubasher: Saudi Company for Hardware (SACO) inaugurated on Sunday, 17 September a new store in Hafr Al-Batin city. The new store is third during 2017 and the 28th in SACO’s total stores in Saudi Arabia, according to a statement on Monday …
Companies Investments
SACO will start distributing dividends on 11 October
27 July 2017 11:10 AM SACO to pay 17.5% dividends for H1
Riyadh – Mubasher: The board members of Saudi Company for Hardware (SACO) approved distributing 17.5% of capital as cash dividends for the first half of 2017. The company will pay SAR 1.75 per share as dividends to the entitled shareholders, with …
Financial Results
Sales and revenues registered an increase of 7.07% to SAR 376.33 million in Q2-17
27 July 2017 10:04 AM SACO posts higher profits in Q2
Riyadh – Mubasher: Saudi Company for Hardware (SACO) recorded a growth of 8.93% in net profits during the second quarter of 2017 compared to the same period in the previous year. Earnings increased to SAR 40.36 million in Q2-17 from SAR 37.05 …
Financial Results
(Photo archive)
12 May 2017 04:54 PM SACO opens new store in Riyadh
Riyadh – Mubasher: Saudi Company for Hardware (SACO) opened a new store "SACO World" on an area of 9,621 square metres in Riyadh on Wednesday. SACO World is expected to increase the turnover and profitability of the company, according to a bourse …
Companies Investments
(Photo archive)
10 May 2017 04:14 PM SACO posts SAR 31m profits in Q1
Riyadh – Mubasher: Saudi Company for Hardware’s (SACO) net profit rose 7.1% in the first quarter of 2017. Net profits amounted to SAR 30.76 million in Q1-17 compared to SAR 28.72 million in the same quarter last year. The rise in net profit was …
Financial Results
(Photo Credit: Arabianeye-Reuters)
13 April 2017 00:56 PM SACO jumps to 16M high on Thursday
Riyadh – Mubasher: The stock of the Saudi Company for Hardware (SACO), listed on the Saudi Stock Exchange (Tadawul), rose on Thursday, topping gainers and reaching a 16-month record high. By 12:49 pm Saudi time, the stock grew 3.3% to SAR 101, its …
Trading Activities
(Photo archive)
13 February 2017 10:41 AM SACO opens 27th store in KSA in Al Kharj
Riyadh – Mubasher: Saudi Company for Hardware’s (SACO) announced opening the 27th store in Saudi Arabia in Al Kharj on Sunday. This store's area is 4,979 square meters and located in a unique place at Al Kharj, Granada neighborhood, King Abdullah …
Companies Investments
The company’s 2016 profits went up 0.06% to SAR 126.18 million- (Photo Credit: Arabianeye-Reuters)
16 January 2017 09:01 AM SACO Q4 profits up 9%
Riyadh – Mubasher: Saudi Company for Hardware’s (SACO) net profit rose 9.2% to SAR 41.39 million ($11 million) in the fourth quarter of 2016 compared to SAR 37.91 million ($10.1 million) in the same quarter last year. The rise in net profit in the …
Financial Results
(Photo credit: Arabianeye-Reuters)
24 November 2016 10:19 AM SACO completes SAR 37m acquisition
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) on Thursday announced finalising its acquisition of Medscan Terminal Company Ltd for SAR 37 million ($9.86 million). Financing for the deal, completed on Wednesday, 23 November, was carried …
Mergers and Acquisitions
SACO to distribute SAR1.5 dividends per share
17 October 2016 00:19 PM SACO to distribute SAR1.5 dividends per share
Riyadh - Mubasher: Saudi Company for Hardware (SACO) said it would distribute total cash dividends amounts to SAR 36 million at SAR 1.5 per share that represents 15% of the stocks par value for the second half of 2016. Shareholders of record date …
Cash Dividends
The increase in net profit is due to higher sales- (Photo archive)
17 October 2016 11:26 AM SACO Q3 profits up 10%
Riyadh – Mubasher: Saudi Company for Hardware’s (SACO) net profits rose 10.11% year-on-year to SAR 20.37 million ($5.43 million) in the third quarter of 2016 from SAR 18.5 million ($4.93 million). The increase in net profit is due to higher sales …
Financial Results
SACO is now looking for a new location - (Photo Credit: Arabianeye-Reuters)
5 October 2016 05:03 PM SACO cancels store lease over contract violation
Riyadh - Mubasher: Saudi Company for Hardware (SACO) announced on Wednesday it has terminated a lease contract of new alternative store at Al Khobar, which is currently under construction, due to violation of contractual terms by the Owner. SACO …
Companies Investments
The financial impact of the contract will appear in the third quarter of 2016- (Photo Credit: Arabianeye-Reuters)
2 August 2016 04:27 PM SACO, Medscan Terminal ink 1-year service contract
Riyadh – Mubasher: Saudi Company for Hardware (SACO) signed a service contract with Medscan Terminal Company LLC on Tuesday for transportation and logistics services. The contract is valid for one year starting from 2 August. It includes services …
Companies Investments