Dur Hospitality Co

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News

27 November 2023 02:35 PM CMA approves Taiba Investments' capital raise to acquire Dur Hospitality

Riyadh – Mubasher: The Capital Market Authority (CMA) recently approved Taiba Investments Company’s request to increase its capital from SAR 1.60 billion to SAR 2.60 billion to acquire Dur Hospitality Company through a securities exchange offer. …

Mergers and Acquisitions

31 October 2023 06:33 PM Dur Hospitality turns profitable in Q3-23, posts 18.5% lower profits in 9M

Riyadh – Mubasher: The net profits after Zakat and tax of Dur Hospitality Company decreased by 18.53% to SAR 28.42 million during the first nine months (9M) of 2023 from SAR 34.89 million in 9M-22. The earnings per share (EPS) went down to SAR …

Financial Results

8 August 2023 01:50 PM Dur Hospitality’s net profits exceed SAR 24m in H1-23

Riyadh – Mubasher: Dur Hospitality Company recorded net profits after Zakat and tax amounting to SAR 24.02 million during the first half (H1) of 2023, an annual drop of 35.01% from SAR 36.96 million in H1-22 Revenues jumped by 27.92% year-on-year …

Financial Results

11 May 2023 09:46 AM Dur Hospitality records 47.5% drop in Q1-23 profits

Riyadh – Mubasher: Dur Hospitality Company posted a 47.46% year-on-year (YoY) plunge in net profit after Zakat and tax to SAR 16.98 million during the first quarter (Q1) of 2023, versus SAR 32.32 million. Revenues stood at SAR 168.15 million …

Financial Results

22 February 2023 09:34 AM Dur Hospitality records 3,263% leap in 2022 net profits

Riyadh – Mubasher: Dur Hospitality Company achieved net profits after Zakat and tax worth SAR 40.16 million in 2022, an annual hike of 3,263% from SAR 1.19 million. The Tadawul-listed firm registered revenues worth SAR 568.39 million in 2022, …

Financial Results

30 November 2022 08:27 PM Dur Hospitality obtains Sharia-aligned facility from Alinma Bank

Riyadh – Mubasher: Dur Hospitality Company has secured Sharia-compliant Murabaha financing worth SAR 257 million from Alinma Bank on 29 November 2022. The Murabaha facility holds a 10 years duration period from the date of obtaining the funding, …

Companies Investments

3 November 2022 03:11 PM Dur Hospitality shifts to over SAR 2m profits in 9M-22

Riyadh – Mubasher: Dur Hospitality Company turned to net profits after Zakat and tax worth SAR 2.17 million in the first nine months (9M) of 2022, versus net losses of SAR 8.13 million in 9M-21. Revenues jumped by 18.25% year-on-year (YoY) to SAR …

Financial Results

21 August 2022 03:01 PM Dur Hospitality turns profitable in H1-22 interim results

Riyadh – Mubasher: Dur Hospitality Company has turned into net profits after Zakat and tax worth SAR 8.22 million during the first half (H1) of 2022, against net losses of SAR 1.86 million in H1-21. Revenues enlarged by 26.53% year-on-year (YoY) …

Financial Results

16 May 2022 07:07 PM Dur Hospitality's profits leap 582.5% in Q1-22 initial results

Riyadh – Mubasher: Dur Hospitality Company has logged net profits after Zakat and tax worth SAR 12.79 million during the first quarter (Q1) of 2022, an annual hike of 582.61% from SAR 1.87 million. The revenues surged by 45.39% to SAR 145.66 …

Financial Results

27 March 2022 04:57 PM Dur Hospitality’s losses shrink 70% in 2021

Riyadh – Mubasher: Dur Hospitality Company has suffered net losses after Zakat and tax worth SAR 15.18 million in 2021, a year-on-year (YoY) plunge of 69.32% from SAR 49.49 million. The company’s revenues soared by 6.97% to SAR 473.15 million last …

Financial Results

6 December 2021 03:13 PM Dur Hospitality’s EGM approves consensual reserve transfer to retained earnings

Riyadh – Mubasher: The shareholders of Dur Hospitality Company gave the green light, during the extraordinary general meeting (EGM) for transferring SAR 143 million of consensual reserve balance as in fiscal year (FY) 2020 financial results to the …

General Assembly

8 November 2021 05:06 PM Dur Hospitality’s net losses narrow in Q3, widen in nine months

Riyadh – Mubasher: Dur Hospitality Company posted net losses after Zakat and tax worth SAR 6.26 million during the third quarter (Q3) of 2021, lower by 25% than SAR 8.41 million in Q3-20. Revenues surged by 17% year-on-year (YoY) to SAR 117 …

Financial Results

13 June 2021 10:08 AM Taiba Investments, Dur Hospitality consider merger

Riyadh – Mubasher: The board members of both Taiba Investments Company and Dur Hospitality Company have agreed to start initial preliminary negotiations to consider merging the two entities. Taiba Investments and Dur Hospitality will announce any …

Mergers and Acquisitions

2 December 2020 04:09 PM Dur Hospitality inaugurates new Holiday Inn and Suites hotel in Jubail

Riyadh – Mubasher: Dur Hospitality Company has opened a new four-star Holiday Inn and Suites Hotel in the Saudi Jubail Industrial area. The new hotel comprises 144 different hotel rooms and suites designed to cater to long-term guests, in addition …

Macroeconomics

11 November 2020 10:22 AM Dur Hospitality moves to quarterly losses

Riyadh – Mubasher: Dur Hospitality Company turned to net losses of SAR 8.4 million during the third quarter (Q3) of the year, compared with net profits of SAR 15.2 million in the same quarter in 2019. The move to loss resulted from a drop in …

Financial Results

13 April 2020 00:35 PM Dur Hospitality to distribute SAR 0.5/shr dividends

Riyadh – Mubasher: Dur Hospitality Company’s shareholders have approved the board’s recommendation to distribute SAR 50 million in cash dividends for 2019. Dividends will be distributed at SAR 0.50 per share, representing 5% of the share’s par …

Cash Dividends

19 February 2020 11:05 AM Dur Hospitality proposes SAR 0.5/shr dividends for 2019

Riyadh – Mubasher: The board of directors of Dur Hospitality Company recommended a cash dividend distribution of SAR 0.5 per share or 5% of the share’s nominal value for 2019’s earnings. The total value of dividends amounted to SAR 50 million to …

Cash Dividends

4 November 2019 09:21 AM Dur Hospitality reports SAR 15m profits in Q3

Riyadh – Mubasher: Dur Hospitality Company posted a 0.05% year-on-year decline in its profits for the third quarter of 2019, recording SAR 15 million. Revenues of the Saudi firm increased by 25.2% to SAR 139.1 million in Q3-19, compared to SAR …

Financial Results

31 October 2019 03:26 PM Dur Hospitality, Awqaf pen MoU to develop project in Madinah

Riyadh – Mubasher: Dur Hospitality Company has signed a memorandum of understanding (MoU) with Saudi Arabia’s General Authority of Awqaf to develop a land plot in Madinah. The land plot number 125 is located in the northern area of Al Masjid in …

Company News

13 May 2019 01:47 PM Dur Hospitality nods SAR 0.25/shr dividends for H2-18

Riyadh – Mubasher: The ordinary general assembly of Dur Hospitality Company approved distributing cash dividends worth SAR 0.25 per share to the shareholders for the second half of 2018 during a meeting held on Sunday, 12 May. The hospitality …

Cash Dividends

13 May 2019 01:19 PM Dur Hospitality names Sultan Al Otaibi as new CEO

Riyadh – Mubasher: Dur Hospitality Company on Monday revealed that the company’s board has approved the appointment of Sultan Al Otaibi as the new CEO. The decision will become effective starting from 1 July, the company said in a statement to the …

Company News

5 May 2019 01:49 PM KEC acquires Dur’s stake in Makarim Al Maarifa for SAR 27m

Riyadh – Mubasher: Knowledge Economic City (KEC) on Sunday announced signing an agreement with Dur Hospitality Company to acquire all the shares of Makarim Al Maarifa for Hospitality Co., equally owned by both companies. Under the deal, KEC will …

Mergers and Acquisitions

19 March 2019 09:37 AM Dur Hospitality opens Marriott hotel in Riyadh

Riyadh – Mubasher: Dur Hospitality Company has opened Marriott hotel in Riyadh’s Diplomatic Quarter. Spanning 25,000 square metres, the hotel includes 80 rooms and suites, and 140 five-star luxury apartments, according to a statement to the Saudi …

Companies Investments

22 January 2019 10:07 PM Dur Hospitality closes SAR 232m acquisition, hotel management deals

Riyadh – Mubasher: Dur Hospitality Co. has signed acquisition and lease agreements with a total value of around SAR 232 million ($61.86 million). The Saudi Arabia-listed company signed a binding agreement with Shada Homes to acquire 60% of its …

Companies Investments

28 February 2018 01:15 PM Saudi hotel rooms to see rising demand – CEO

. Riyadh – Mubasher: Dur Hospitality Company CEO Badr Al Badr expected demand for Saudi Arabia's hotel rooms to rise in the coming period. Hotel rooms in the kingdom currently amount to 84,000, as well as 64,000 keys are forecast to be added, Al …

Corporate Actions