Fitaihi Holding Group (FITAIHI GROUP) News

20 August 2023 05:36 PM Fitaihi Holding posts 61.5% decline in H1-23 net profits

Riyadh – Mubasher Fitaihi Holding Group generated net profits after Zakat and tax worth SAR 6.47 million in the first half (H1) of 2023, lower by 61.52% than SAR 16.84 million in H1-22. Revenues plummeted by 32.13% year-on-year (YoY) to SAR …

Financial Results

2 January 2023 04:32 PM Fitaihi Holding’s board recommends SAR 11m dividends for 2022

Riyadh – Mubasher: The board of Fitaihi Holding Group suggested cash dividends distribution worth SAR 11 million for 2022, according to a bourse disclosure. The Saudi firm would disburse SAR 0.40 per share, representing 4% of the share nominal …

Board of Directors

10 March 2022 04:38 PM Fitaihi Holding's unit sells SAR 3m gold to IMC

Riyadh – Mubasher: Fitaihi Retail Company, the subsidiary of Fitaihi Holding Group, has completed the sale of gold worth SAR 2.72 million to the associate company, International Medical Center (IMC). The transaction’s value was received in cash, …

Companies Investments

The trading suspension will end on Tuesday

6 September 2021 10:27 AM Tadawul suspends trading of Fitaihi Holding

Riyadh – Mubasher: The Saudi Exchange (Tadawul) has suspended the trading of Fitaihi Holding Group for two days starting Monday, 6 September, according to a bourse statement. The trading suspension will end on Tuesday, 7 September, and the …

Trading Activities

12 August 2021 04:20 PM Fitaihi Holding turns to profitability in H1-21

Riyadh – Mubasher: Fitaihi Holding Group has recorded net profits after Zakat and tax of SAR 147.112 million in the first six months of 2021, versus net losses of SAR 19.282 million in the corresponding period of 2020. The company's revenues hiked …

Financial Results

The asset book value for the transaction stood at SAR 1.3 million

13 July 2021 09:36 AM Fitaihi Holding sells asset for SAR 5m

Riyadh – Mubasher: Fitaihi Holding Group has sold an unutilised residential building in Riyadh for SAR 5 million on 12 July, according to a bourse filing on Tuesday. The asset book value for the transaction stood at SAR 1.3 million, while the …

Companies Investments

Fitaihi Holding’s will stand at SAR 275 million

8 July 2021 00:12 PM Fitaihi Holding’s shareholders nod to SAR 275m capital decrease

Riyadh – Mubasher: The shareholders of Fitaihi Holding Group gave the green light for the board’s recommendation to reduce the capital by 50% or SAR 275 million. The company will write off 27.5 million shares at a par value of SAR 10 each by …

Management Decisions

The new capital will stand at SAR 275 million

7 June 2021 05:15 PM Fitaihi Holding receives CMA’s nod for 50% capital cut

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved for Fitaihi Holding Group to reduce its capital by SAR 275 million, according to a filing to Tadawul on Monday. The new capital will stand at SAR 275 million distributed over …

Management Decisions

The company’s board approved distributing SAR 11 million in cash dividends for H2-20.

7 March 2021 09:21 AM Fitaihi Holding swings to profits in 2020; mulls capital cut

Riyadh – Mubasher: Fitaihi Holding Group turned profitable in the fiscal year (FY) ended on 31 December 2020, achieving SAR 30 million in net profits, against net losses of SAR 9.5 million a year earlier. Revenues jumped by 53.4% on an annual …

Cash Dividends

The sale proceeds will be used in further improving the return on equity in the group.

2 March 2021 04:47 PM Fitaihi Holding sells entire stake in Al-Jouf Agricultural for SAR 125.7m

Riyadh – Mubasher: Fitaihi Holding Group has completed, until the end of 2 March 2021, selling its total stake of 9% in the share capital of Al-Jouf Agricultural Development Company, achieving capital gains of SAR 125.7 million. The step is in …

Mergers and Acquisitions

The group’s profits grew by 23.6% YoY in the first nine months of 2020.

11 November 2020 09:24 AM Fitaihi Holding quarterly profits surge; dividends proposed

Riyadh – Mubasher: Fitaihi Holding Group’s third-quarter net earnings surged by 1,645% on a year-on-year (YoY) basis to SAR 38.1 million, compared with SAR 2.2 million last year. Revenue for the quarter ended on 30 September 2020 climbed by 200.5% …

Board of Directors

The sale proceeds will be used to further strengthen the group's financial position

15 September 2020 09:39 AM Fitaihi Holding sells 4.83% stake in Al-Jouf for SAR 30m

Riyadh – Mubasher: Fitaihi Holding Group has sold 4.83% of Al-Jouf Agricultural Development Co, a 14.01%-owned associate, until the end of 14 September 2020, generating capital profits of SAR 29.95 million. This comes within the group’s strategy …

Board of Directors

Revenue shrank by 80.34% on a yearly basis in Q2-20

25 August 2020 09:43 AM Fitaihi Holding logs SAR 17m loss in Q2

Riyadh – Mubasher: Fitaihi Holding Group registered a net loss of SAR 16.87 million in the second quarter (Q2) of the year, versus a net profit of SAR 7.45 million in the prior-year period. The turn to loss resulted from a decrease in sales by …

Financial Results

30 January 2020 03:50 PM Fitaihi Holding completes SAR 1.45m sale to IMC

Riyadh – Mubasher: Fitaihi Holding Group on Thursday announced that it has completed the sale of goods worth 1.45 million in cash to the International Medical Center (IMC). Fitaihi Holding Group owns a 19.25% stake in IMC, however, the deal was …

Companies Investments

Revenues inched up by 1.3% to SAR 26.08 million in Q3-19

4 November 2019 01:05 PM Fitaihi Holding moves to profits in Q3

Riyadh – Mubasher: Fitaihi Holding Group recorded SAR 2.18 million in profits during the third quarter of 2019, versus SAR 154,438 in losses in the same quarter of 2018. Revenues inched up by 1.3% to SAR 26.08 million in Q3-19, compared to SAR …

Company News

The move comes along with IMC’s expansion plan

25 June 2019 05:20 PM Fitaihi Group associate buys 3 medical entities in Jeddah

Riyadh – Mubasher: Fitaihi Holding Group on Tuesday announced that an associate company, International Medical Center (IMC), has acquired three medical entities in Jeddah. The three entities are The First Clinic, Tadawi Center, and First Scan, …

Company News

The deal will end on Tuesday, 11 December

12 November 2018 01:10 PM Fitaihi extends non-binding MoU with Ithmar Capital Partners

Riyadh – Mubasher: Saudi Arabia-based Fitaihi Holding Group has extended a non-binding memorandum of understanding (MoU) with the UAE’s Ithmar Capital Partners for a month to consider the possibility of establishing a joint venture (JV). The deal …

Management Decisions

Net profits amounted to SAR 13.11 in Q2-17, compared to SAR 26.3 million in Q2-16, according to a bourse filing

6 August 2017 11:40 AM Fitaihi Q2 profits drop 50% on lower sales

Riyadh – Mubasher: Fitaihi Holding Group on Sunday said its net profits tumbled 50.15% in the second quarter of 2017, compared to the year-ago period. Net profits amounted to SAR 13.11 million in Q2-17, compared to SAR 26.3 million in Q2-16, …

Financial Results

2 May 2017 09:33 AM Fitaihi to freeze dividends for 2016

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Fitaihi Holding Group approved not to distribute dividends for 2016. The meeting also agreed on amending the company’s bylaws to be in line with the New Companies Law. Moreover, the EGM …

General Assembly

16 March 2017 04:17 PM Fitaihi to freeze dividends for 2016

Riyadh – Mubasher: Fitaihi Holding Group’s board recommended on Thursday to not distribute dividends for 2016. The company said that the decision aims to support the financial position of the company and preserve liquidity. The board’s decision …

Corporate Actions

Operating profits decreased 10.9% to SAR 597 million in Q2-16- (Photo Credit: Arabianeye-Reuters)

22 August 2016 06:38 PM KSA retail firms post SAR 575m profits in Q2

By: Thabet Shehata Riyadh – Mubasher: The net profits of the Saudi retail sector’s companies fell 12.6% year-on-year to SAR 574.8 million ($153.3 million) in the second quarter of 2016 from SAR 657.8 million ($175.4 million). The companies’ net …

Financial Results

Net losses reached SAR 5.2 million in the first half of fiscal 2016

28 July 2016 10:39 AM Fitaihi turns to losses in Q2

Riyadh – Mubasher: Fitaihi Holding Group reported on Thursday net losses of SAR 4.9 million ($1.3 million) for the second quarter of the fiscal year 2016, against a net profit of SAR 21.5 million ($5.7 million) posted for the same period of 2015. …

Financial Results

The Saudi Stock Exchange (Photo credit: Arabianeye - Reuters)

18 June 2016 11:20 AM Weekly changes in Tadawul’s equity ownership

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw in week ended on 16 June changes in equity ownerships for major shareholders in five listed companies; Saudi Pharmaceutical Industries and Medical Appliances Corp (Spimaco), Al Jouf …

Trading Activities