Saudi Company for Hardware (4008)

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News

26 July 2016 11:04 AM SACO posts SAR 36m profits in Q2

Riyadh – Mubasher: Saudi Company for Hardware’s (SACO) net profits grew 1.25% year-on-year to SAR 36.32 million ($9.7 million) in the second quarter of 2016 from SAR 35.87 million ($9.6 million). The increase in net profit is due to higher sales …

Financial Results

8 May 2016 05:13 PM SACO to pay SAR 1.5/shr dividends 19 May

Riyadh – Mubasher: Saudi Company for Hardware (SACO) said Monday that cash dividends for the first quarter of fiscal 2016 will be distributed as of 19 May to shareholders registered till the end of trading on 5 May through the Saudi British Bank …

Cash Dividends

27 April 2016 10:07 AM SACO inks SAR 100m ANB facility

  Riyadh – Mubasher: Saudi Company for Hardware (SACO) on Wednesday announced signing a Shariah-compliant banking facilities agreement with Arab National Bank (ANB)  worth SAR 100 million. Through the facility signed on Tuesday, SACO aims to …

Sukuk and Islamic Finance

14 March 2016 05:49 PM SACO to acquire Medscan for SAR 37m

Riyadh-Mubasher: Saudi Company for Hardware (SACO) has reached an agreement with the owners of Medscan Terminal Co. to acquire 100% of the logistics company for SAR 37 million ($9.87million). The deal will be financed from the company’s resources …

Mergers and Acquisitions

10 March 2016 05:03 PM SACO plans to shut down Al-Khobar store

Riyadh-Mubasher: Saudi Company for Hardware (SACO) said it plans to close its store at Al Khobar, according to a bourse statement. The closure is based on the company's plan to find an alternative location at Al Khobar, as well as the difficulties …

Companies Investments

18 January 2016 04:05 PM SACO posts 26% rise in fourth-quarter profits

Riyadh – Mubasher: Saudi Company for Hardware (SACO) posted 26% growth in net profit for the fourth quarter of 2015 to SAR 37.9 million, up from SAR 30 million in the prior-year period, according to a bourse filing. Net profit for the twelve-month …

Financial Results

13 January 2016 09:06 AM SACO gets insurance settlement worth SAR 23.8m from Allianz SF

Riyadh-Mubasher: Saudi Company for Hardware (SACO) on 7 January received the final insurance settlement worth SAR 23.8 million from Allianz Saudi Fransi Cooperative Insurance Co., the company said in a bourse statement. The settlement will be …

Corporate Actions

13 January 2016 08:15 AM SACO mulls raising number of branches to 35 at end-2018

Riyadh-Mubasher:  Saudi Company for Hardware (SACO) said it plans to raise the number of its branches in Saudi Arabia to 35 at the end of 2018 from 25 in 2015, according to the company's statement to the Saudi bourse. In addition, the company …

Corporate Actions

29 December 2015 03:15 PM Tadawul sees put-through trades worth SAR241.3m

By Mohamed Idries Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) executed Tuesday three put-through transactions on Saudi Hollandi Bank (SHB), Saudi British Bank (SABB) and Saudi Company for Hardware (SACO) at a total value of SAR 241.3 …

Trading Activities

4 December 2015 10:41 AM Alabdullatif, SACO to pay dividends next week

Riyadh – Mubasher: Shareholders are anticipating next week the dividend distribution to be carried out by Alabdullatif and SACO. Alabdullatif will pay on 10 December cash dividend at SAR 1.25 per share, or 80% of profits for the first nine months …

Corporate Actions

29 November 2015 03:47 PM SACO to pay SAR 2/shr dividends for Q1-15

Riyadh-Mubasher: Saudi Company for Hardware (SACO) said it will pay cash dividends for the first quarter of 2015 at SAR 2 a share on 10 December, via Saudi British Bank (SABB). Shareholders of record on 26 November are eligible for the dividends. …

Cash Dividends

23 November 2015 09:14 AM SACO to pay SAR 2/shr dividends 10 December

Riyadh-Mubasher: Saudi Company for Hardware (SACO) said the board recommended cash dividends for the first quarter of 2015 at 20% of the stock’s par value, or SAR 2 a share, totalling SAR 48 million. Shareholders of record on 26 November are …

Cash Dividends

23 November 2015 09:08 AM SACO board member quits

Riyadh-Mubasher: Saudi Company for Hardware (SACO) said the board approved the resignation of Samoual Baksh, non-executive member, to be effective as of 22 November. The board also gave the go-ahead for appointing Talal Baksh as a non-executive …

Board of Directors

5 November 2015 03:50 PM Saudi SACO signs SAR104.4m refinancing deal

Riyadh – Mubasher: Saudi Company for Hardware (SACO) announced Thursday it signed a Sharia-compliant refinancing agreement with Saudi British Bank (SABB), at a total value reaching SAR 104.4 million. The refinancing period extends from 30 …

Corporate Actions

28 October 2015 04:01 PM SACO reopens Riyadh store after fulfilling license conditions

Riyadh-Mubasher: Saudi Company for Hardware (SACO) reopened its Riyadh store on Wednesday after having fulfilled the license conditions, the company said in a statement to Tadawul. The store was temporarily closed until the completion of license …

Corporate Actions

28 October 2015 09:13 AM SACO signs MoU to acquire Medscan Terminal

Riyadh-Mubasher: Saudi Company for Hardware (SACO) signed a memorandum of understanding (MoU) on 27 October to acquire Medscan Terminal, which is specialised in transporting goods, logistics and warehousing, the company said in a statement to …

Corporate Actions

28 October 2015 08:48 AM SACO shuts down Riyadh store

Riyadh-Mubasher: Saudi Company for Hardware (SACO) said its Riyadh store has been temporarily closed until the completion of licensing conditions, pursuant to the instructions of North Riyadh Municipality. Financial impact can be determined when …

Corporate Actions

15 October 2015 04:42 PM SACO posts SAR19m profit for Q3

Riyadh – Mubasher: Saudi Company for Hardware (SACO) posted 11% growth in net profit for the third quarter of 2015 to SAR 18.5 million, compared with SAR 16.6 million reported in the same period a year earlier. Net profit for the first nine months …

Corporate Actions

8 September 2015 01:47 PM Tadawul sees 3 put-through trades worth SAR 83m

Riyadh-Mubasher: Saudi Stock Exchange (Tadawul) witnessed on Tuesday three special transactions on Al-Tayyar, SACO and Najran Cement at a total value of SAR 83 million.   

Corporate Actions

27 August 2015 04:07 PM SACO gets SAR 127m Islamic Loan from BSF

Riyadh-Mubasher: The Saudi Company for Tools and Hardware (SACO) signed on Thursday a SAR 127.2 million Islamic loan agreement with Banque Saudi Fransi (BSF), the company said in a statement to Tadawul. The financing period extends from 30 April …

Corporate Actions

14 July 2015 08:37 AM SACO kicks off new store in Jazan

Riyadh-Mubasher: SACO has opened a new store in Jazan on Monday, bringing the total number of its stores to 25 in Saudi Arabia, the company said in a bourse filing. The store is expected to play a major role in increasing the turnover and …

Company News

13 July 2015 10:34 AM Saudi retailer SACO posts 10% rise in H1 profit

Riyadh – Mubasher: Saudi Company for Hardware (SACO) posted SAR 35.9 million in net profit for the second quarter of the fiscal year 2015, a decline of 5% from SAR 37.7 million reported in the same period a year ago. The profit fall year-on-year …

Financial Results

16 June 2015 09:22 AM SACO opens new branch in Riyadh

Riyadh-Mubasher: Saudi Co. for Hardware (SACO) said it has opened a new branch in Riyadh, and thus raised the number of its local branches to 24.The move will help boost the company’s sales and earnings, which will reflect positively on …

Corporate Actions

24 May 2015 10:03 AM SACO opens SAR 12m portfolio with Saudi Fransi Capital

Riyadh-Mubasher: Saudi Co. for Hardware (SACO) has established a portfolio worth around SAR 12 million with Saudi Fransi Capital, the company said in a bourse filing.The hardware retailer added that the financial effects of the portfolio are …

Company News

12 May 2015 01:36 PM SACO opening new branches in Saudi, GCC – CEO

By Asseel bin TalibRiyadh-Mubasher: Saudi Co. for Hardware (SACO) is currently expanding the number of its local branches to provide its services to all Saudi cities, said CEO Sameer Al-Hamidi.  He told Mubasher that his company has 23 …

Utilities