Saudi Industrial Export Co (SIECO) News - Mubasher Info
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27 May 01:15 PM

Saudi Industrial Export Co (4140)

Last update: 21 May 03:19 PM market time.
2.32
-0.01
-0.43%
Open 2.32
Previous Close 2.33
High 2.34
Low 2.29
Stock Statistics
Volume 1,558,528
Turnover 3,602,762.23
All data are 15 minutes late during market session

News

Photo Archive
26 August 2025 08:03 AM Saudi Sadirat to close UAE branch over economic infeasibility
Riyadh - Mubasher: Saudi Industrial Export Company (Sadirat) received the board’s approval, on 25 August, to close its branch in the UAE due to economic infeasibility. This decision came as part of Sadirat’s plans to reduce general and …
Companies Investments
Photo Archive
17 June 2025 04:19 PM Sadirat appoints new Chairman, Vice Chairman
Riyadh - Mubasher: Saudi Industrial Export Company (SIEC), known as Sadirat, announced key appointments during its first board meeting of 2025, held on 16 June. The company named Hatem Ali Talib Barajjash as Chairman of the Board, according to a …
Management Decisions
Photo Archive
27 November 2024 04:47 PM Sadirat eyes acquisition of Entaj Industrial’s subsidiary
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC), known as Sadirat,  has signed a non-binding memorandum of understanding (MoU) with Entaj Industrial Services Company to consider either equity acquisition or a takeover of the entire …
Companies Investments
Photo Archive
15 November 2023 07:19 PM SIEC reports lower net losses in 9M-23; accumulated losses near 24% of capital
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC) incurred net losses after Zakat and tax of SAR 10.98 million in the first nine months (9M) of 2023, marking a 39.47% year-on-year (YoY) decline from SAR 18.14 million. The loss per share …
Financial Results
Photo Archive
14 June 2023 00:34 PM SIEC’s board mulls nominal value split
Riyadh – Mubasher: The board members of Saudi Industrial Export Company (SIEC) proposed, on 13 June, to split the nominal value of the share to SAR 0.50 from SAR 10 per share. The number of shares after the nominal value split transaction will …
Corporate Actions
Photo Archive
21 June 2022 05:01 PM SIEC appoints new Chairman, Vice Chairman
Riyadh - Mubasher: Saudi Industrial Export Company (SIEC) has named Hatem Hamad Al Suhaibani as the new Chairman of the board for the coming three years. Moreover, SIEC appointed Ahmed Mohammed Al Arini as the Vice Chairman, according to a bourse …
Management Decisions
Photo Archive
6 June 2022 04:22 PM SIEC cuts accumulated losses to 11%
Riyadh - Mubasher: Saudi Industrial Export Company (SIEC) has decreased its accumulated losses to SAR 20.68 million, representing 10.64% of the capital. This step was made after the company had increased its capital to raise the financial solvency …
Companies Investments
Photo Archive
5 June 2022 04:52 PM SIEC's rights issue 89% covered
Riyadh - Mubasher: Saudi Industrial Export Company (SIEC) has recorded an 89.34% coverage rate of its right issues and subscription. A total of 15.43 out of 17.28 million shares were subscribed at a total value of SAR 154.38 million, according to …
Companies Investments
Photo Archive
12 May 2022 04:12 PM SIEC's shareholders approve 800% capital hike
Riyadh - Mubasher: The shareholders of Saudi Industrial Export Company (SIEC) have agreed to increase its capital by SAR 172.80 million, representing 800% of the capital. The Saudi listed company will offer eight right issues for each share, …
General Assembly
Photo Archive
16 February 2022 07:39 PM SIEC's shareholders approve 67% capital cut
Riyadh - Mubasher: The shareholders of Saudi Industrial Export Company (SIEC) approved the board’s recommendation to reduce the capital to SAR 21.60 million by cancelling 4.32 million shares, representing 66.66% of the capital.  The new capital …
General Assembly
Photo Archive
27 December 2021 02:17 PM SIEC amends capital increase decision
Riyadh - Mubasher: The board of the Saudi Industrial Export Company (SIEC) announced a new value of amending the capital through a 66.66% reduction which will be followed by an increase of 800%, according to a bourse filing on Monday. SIEC will …
Corporate Actions
The company generated revenues of SAR 12.26 million
22 August 2021 01:02 PM SIEC's losses down 60% in H1-21
Riyadh – Mubasher: The net losses after zakat and tax of Saudi Industrial Export Company (SIEC) plunged by 60.1% to SAR 4.52 million during the first half (H1) of 2021, compared to SAR 11.33 million in the corresponding half of 2020. The company …
Financial Results
Loss per share stood at SAR 0.41 in Q1-21
29 June 2021 10:01 AM SIEC turns to loss exceeding SAR 2m in Q1
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC) incurred net losses after Zakat and tax worth SAR 2.64 million during the first quarter (Q1) of 2021, against net profits of SAR 22,000 in Q1-20. Loss per share stood at SAR 0.41 in Q1-21, …
Financial Results
SIEC’s sales decreased by 42% YoY in 2020
29 April 2021 10:42 AM SIEC reports 51% plunge in net losses during 2020
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC) posted net losses after Zakat and tax worth SAR 12.82 million in 2020, according to a disclosure to Tadawul on Thursday. This marked a year-on-year (YoY) decline of 50.71% compared with SAR …
Financial Results
The decision was approved by the company’s board of directors on Sunday, 7 March 2021.
8 March 2021 10:44 AM SIEC to close its branch in Jordan
Riyadh – Mubasher: The Saudi Industrial Exports Company (SIEC) will close its branch in Jordan due to its weak financial performance and to reduce the general and administrative expenses. The financial impact will be disclosed at the end of 2021, …
Board of Directors
Photo Archive
3 January 2021 09:46 AM ACIG, SIEC submit capital raise requests to CMA
Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) submitted a request to the Capital Market Authority (CMA) for a SAR 150 million capital raise via a rights issue, according to a bourse disclosure on Sunday.  ACIG wants to increase its …
Companies Investments
SIEC's losses fell by 23.1% yearly in the first nine months of 2020.
11 November 2020 04:04 PM SIEC turns to losses in Q3
Riyadh – Mubasher: The Saudi Industrial Export Company (SIEC) moved to losses of SAR 1.26 million during the third quarter (Q3) of 2020, compared with profits of SAR 1.98 million in the year-ago quarter. The turn to loss was driven by a decline in …
Financial Results
Photo Archive
10 November 2020 10:19 AM SIEC board recommends SAR 129m capital increase
Riyadh – Mubasher: The Saudi Industrial Export Company’s (SIEC) Board of Directors on 9 November 2020 proposed increasing the company’s capital by SAR 129.6 million via a rights issue. The capital raise will support the company’s future expansion …
Companies Investments
SIEC was awarded the representation project on 1 October.
21 October 2020 09:42 AM SIEC pens Saudi companies’ representation project in Iraq deal for SAR 14.4m
Riyadh – Mubasher: The Saudi Industrial Export Company (SIEC) signed on Tuesday, 20 October, the Saudi companies’ representation project in Iraq contract with the Saudi Export Development Authority (Saudi Exports). Under the SAR 14.4 million deal, …
Macroeconomics
The transaction’s material effect will be announced at the end of 2020.
4 October 2020 10:37 AM SIEC exits SAR 4m stake in Warehousing and Logistics Services
Riyadh – Mubasher: The Saudi Industrial Export Company (SIEC) has sold its 3.846% stake in Warehousing and Logistics Services Co for SAR 4 million, or SAR 4 per share. The investment cost in the logistic service provider amounts to SAR 11 million. …
Companies Investments
Photo Archive
1 October 2020 10:38 AM SIEC awarded SAR 14.4m Saudi companies’ representation project in Iraq
Riyadh – Mubasher: The Saudi Industrial Export Company (SIEC) has received a letter from the Saudi Export Development Authority (Saudi Exports) awarding it the Saudi companies’ representation project in Iraq. Under the project, which is valued at …
Macroeconomics
The losses rose to SAR 11.49 million in Q2-20
25 August 2020 10:49 AM SIEC losses deepen 250% in Q2
Riyadh – Mubasher: The Saudi Industrial Exports Company (SIEC) witnessed a 250.3% yearly surge in losses during the second quarter (Q2) of the year, the firm’s interim financial statements showed. The losses rose to SAR 11.49 million in Q2-20, …
Financial Results
Revenues for Q1-20 retreated to SAR 11.3 million
21 June 2020 00:49 PM SIEC turns profitable in Q1-20
Riyadh – Mubasher: The Saudi Industrial Exports Company (SIEC) turned to profitability in the first quarter (Q1) of 2020, recording a net profit of SAR 200,000, versus net losses of SAR 8.5 million in the same period a year ago, as shown in the …
Financial Results
Photo Archive
26 November 2019 11:05 AM SIEC, Al Jouf Cement extend contract
Riyadh – Mubasher: Saudi Industrial Exports Company (SIEC), known as Saderat, announced that it has signed a one-year sales and marketing contract extension with Al Jouf Cement Company, starting from 27 November. The financial effect of the deal …
Company News
The financial impact regarding opening the new branches will be announced later
10 November 2019 02:11 PM SIEC to expand footprint in UAE, Sudan
Riyadh – Mubasher: The board of directors of the Saudi Industrial Export Company (SIEC) has approved opening two new branches in the UAE and Sudan. The company aims to meet its customers’ needs in the African and Asian markets, according to the …
Board of Directors