Alwasail Industrial Co. (4148)

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News

10 August 02:59 PM Alwasail Industrial logs 131% YoY higher profits in Q2-26

Riyadh – Mubasher: Alwasail Industrial Company achieved net profits valued at SAR 13.22 million for the first half (H1) of 2026, representing a 21.53% decrease from the SAR 16.84 million a year earlier. The company attributed the half-year decline …

Financial Results

9 August 01:38 PM Alwasail names Al Musheigeh as new CEO

Riyadh – Mubasher: Alwasail Industrial Company has appointed Mohammed bin Saleh Al Musheigeh as the company’s new CEO. The decision was finalized by the Board of Directors on 5 August 2026, following a recommendation from the Remuneration and …

Board of Directors

19 July 03:39 PM MESC records 3.26% gain as Tadawul’s Capital Goods Index edges lower

Riyadh – Mubasher: The Saudi Capital Goods sector (TCGI) of the Saudi Exchange (Tadawul) exhibited a marginal decline during the trading session on 19 July 2026. The sector index closed at 14,704.97 points, representing a move of -0.04%. Market …

Sector Reports

14 July 11:57 AM Alwasail rolls out SAR 13m agreement

Riyadh – Mubasher: Alwasail Industrial Company has signed a contract valued at SAR 12.82 million with Nesma & Partners Contracting Company for the supply of high-density polyethylene (HDPE) pipes. The agreement, signed on 12 July 2026, covers the …

Company News

29 June 12:36 PM Alwasail’s CEO Al Mushaiqeh resigns

Riyadh – Mubasher: Alwasail Industrial Company has officially announced the resignation of its CEO, Abdulqader bin Abdullah Abdulaziz Al Mushaiqeh. The decision, confirmed by the company’s Board of Directors through a resolution by circulation on …

Management Decisions

29 December 2024 08:52 PM Alwasail announces leadership appointments

Riyadh – Mubasher: Alwasail Industrial Company has appointed Abdulrahman Abdullah Almushayqih as the Chairman of the board for a three-year term, according to a bourse disclosure. The company also named Saleh Abdullah Almushekih as the Vice …

Board of Directors

12 June 2024 01:30 PM Alwasail eyes transferring shares to main market

Riyadh – Mubasher: Alwasail Industrial Company submitted a request, on 11 June, to transfer its shares from the Parallel Market (Nomu) to the main market All Share Index (TASI). The board members granted their approvals on 26 December 2023, …

Trading Activities

20 September 2023 00:32 PM Alwasail moves business in Ras Al Khaimah factory to Burayadh

Riyadh – Mubasher: Alwasail Industrial Company has transferred the machines and equipment of the Ras Al Khaimah factory in the UAE to its factories in Burayadh city, according to a bourse filing. The firm indicated that all the factory’s equipment …

Management Decisions

5 February 2023 02:01 PM Alwasail pens SAR 300m contract with SABIC

Riyadh – Mubasher: Alwasail Industrial Company and Saudi Basic Industries Corporation (SABIC) inked a SAR 300 million agreement on 31 January 2023, according to a recent bourse filing. The deal aims to supply around 60,000 metric tonnes of raw …

Companies Investments

9 January 2023 03:02 PM Saudi parallel market Nomu sees IPO momentum in 2023

By: Bedour El-Raie  Mubasher: The Parallel Market (Nomu) of the Saudi Exchange (Tadawul) witnessed an unprecedented leap in new initial public offerings (IPOs) in 2022, welcoming 32 new companies to the market. The number of Nomu-listed companies …

Macroeconomics

25 October 2022 09:42 PM Alwasail secures SAR 35m loan from SIDF

Riyadh – Mubasher: Alwasail Industrial Company obtained a SAR 34.90 million loan from the Saudi Industrial Development Fund (SIDF) on 23 October 2022. Upon the financing agreement, the loan will be repaid in 13 unequal and semi-annual instalments …

Companies Investments

5 June 2022 01:24 PM Alwasail purchases factory in Ras Al Khaimah for SAR 5m

Riyadh – Mubasher: Alwasail Industrial Company has purchased a factory in the Industrial Area of Ras Al Khaimah in the UAE in exchange for SAR 4.80 million. With a production capacity of 21 thousand tonnes annually, the plastic product factory was …

Companies Investments

14 March 2022 10:48 AM Alwasail’s profits leap 10% in 2021; dividends proposed

Riyadh – Mubasher: Alwasail Industrial Company has registered net profits after Zakat and tax worth SAR 30.39 million last year, a leap of         9.89% from SAR 27.65 million in 2020. The company’s revenues inched up by 0.89% year-on-year (YoY), …

Cash Dividends