Development Works Food Co. (6013)

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News

3 January 2024 06:13 PM Development Works Food eyes capital cut via rights issue

Riyadh – Mubasher: Development Works Food Company announced the board’s proposal to cut its capital by SAR 90 million through a rights issue. Through the capital reduction, the listed firm plans to diversify and expand its activities and other …

Corporate Actions

15 November 2023 05:38 PM Development Works Food shifts to net losses in 9M-23, shows profitability in Q3

Riyadh – Mubasher: Development Works Food Company turned to net losses after Zakat and tax valued at SAR 1.83 million in the first nine months (9M) of 2023, against net profits of SAR 1.50 million in 9M-22. Revenues stood at SAR 70.73 million in …

Financial Results

10 July 2023 04:00 PM Development Works Food’s Chairman resigns; Al Amoud succeeds

Riyadh – Mubasher: Development Works Food Company has announced the resignation of Ashry bin Saad Al Ashry from his position as the board’s Chairman, which became effective on 9 July. Anas bin Salih bin Ibrahim Al Amoud succeeded Al Ashry, who …

Corporate Actions

27 July 2022 06:18 PM Development Works Food submits capital raise request to CMA

Riyadh – Mubasher: Development Works Food Company submitted a request to the Capital Market Authority (CMA) on 25 July to increase its capital through a rights issue worth SAR 216 million. The Saudi listed firm appointed Yaqeen Financial Company …

Corporate Actions

17 November 2021 05:50 PM Development Works Food to trade on Tadawul’s Main Market

Riyadh – Mubasher: The Saudi Exchange (Tadawul) has approved for Development Works Food Company to transfer its shares to the Main Market from the Parallel Market (Nomu), according to a bourse statement on Wednesday. Development Works Food will …

Markets Regulations

22 September 2021 10:46 AM Development Works Food submits move request

Riyadh – Mubasher: Development Works Food Company has submitted its request to move to the Main Market of the Saudi Exchange (Tadawul) on 21 September. The request was submitted through the automated system set by the financial market for this …

Trading Activities

19 September 2021 00:02 PM Development Works Food approves capital raise; fluctuation limit announced

Riyadh – Mubasher: The shareholders of Development Works Food gave the green light for the board’s recommendation to increase the capital through bonus shares of one share for every five owned shares, according to a bourse disclosure on Sunday. …

Management Decisions

12 September 2021 04:11 PM Development Works Food’s board approves trading on Main Market

Riyadh – Mubasher: Development Works Food Company announced that its board gave the green light for moving on the Main Market of the Saudi Exchange (Tadawul). The board’s decision was taken on 12 September, according to a bourse filing on Sunday. …

Trading Activities

7 September 2021 10:35 AM Development Works Food unveils expansion plan

Riyadh – Mubasher: Development Works Food Company plans to open five new branches until the end of 2021, according to a bourse disclosure on Tuesday. The company has inaugurated six units of Juice Time brand during the first half (H1) of 2021, …

Companies Investments

17 August 2021 05:32 PM Development Works swings to profit in H1-21

Riyadh – Mubasher: Development Works Food Company turned to net profits of SAR 3.031 million in the first half (H1) of 2021, against net losses of SAR 6.016 million in H1-20.  The company's revenues fell to SAR 44.4 million in the January-June …

Financial Results

12 July 2021 05:05 PM CMA approves Development Works Food’s capital hike

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Development Works Food Company’s request to increase the capital by SAR 5 million through bonus shares of one-for-every-five shares. The capital will stand at SAR …

Management Decisions

29 June 2021 04:52 PM Development Works turns profitable in Q1

Riyadh – Mubasher: The parallel market-listed Development Works Food Company achieved net profits after Zakat and tax worth SAR 183,562 during the first quarter of 2021, against net losses of SAR 3.92 million in Q1-20. Earnings per share stood at …

Financial Results

26 May 2021 10:11 AM Development Works to raise capital by 20%

Riyadh – Mubasher: Development Works Food Company announced that it will be increasing the capital by 20% to SAR 30 million distributed over 3 million shares. The new capital will be raised from SAR 25 million distributed over 2.5 million shares, …

Management Decisions

24 May 2021 10:37 AM Development Works Food amends number of shares to raise capital

Riyadh – Mubasher: Development Works Food Company will be granting its entitled shareholders one share for every five owned shares to increase the capital to SAR 30 million. This volume is instead of granting three shares for every 10 existing …

Corporate Actions

19 May 2021 04:33 PM Development Works Food acquires 100% stake in seafood firm

Riyadh – Mubasher: Development Works Food Company has signed a six-month agreement to acquire 100% of Seafood Restaurants Company’s shares in exchange for the issuance of shares in the listed firm, according to a bourse disclosure on Wednesday. …

Mergers and Acquisitions

18 November 2020 09:37 AM DWF withdraws request to move to Tadawul

Riyadh – Mubasher: Development Works Food (DWF) Company on Wednesday said it has withdrawn its request to transfer the company’s shares from the parallel market to the main market. The step comes as the company is completing some transition …

Management Decisions

15 September 2020 09:19 AM Development Works Food board approves moving to Tadawul

Riyadh – Mubasher: The Board of Directors of Development Works Food (DWF) Company approved by circulation on 14 September the transfer of the company’s shares from the parallel market to the main market. The move is subject to the market’s …

Board of Directors

8 September 2020 09:39 AM Development Works Food moves to losses in H1

Riyadh – Mubasher: Development Works Food (DWF) Company turned to a net loss of SAR 6 million during the first half (H1) of 2020, against a net profit of SAR 3.7 million in the corresponding period in 2019. Revenues amounted to SAR 48.68 million …

Financial Results

16 June 2020 10:45 AM Development Works Food swings to losses in Q1-20

Riyadh – Mubasher: Development Works Food (DWF) Company has turned to a net loss after Zakat and tax of SAR 3.9 million in the first quarter (Q1) of 2020, against net profits of SAR 1.5 million in the same period last year. Revenues came at SAR …

Financial Results

2 December 2019 10:41 AM Development Works Food Q3 profits up 6.7%

Riyadh – Mubasher: The financial statements of Development Works Food (DWF) Company showed a 6.67% increase in profits during the third quarter (Q3) of the year to SAR 2.46 million, compared with SAR 2.3 million in Q3-18. The company attributed …

Financial Results

10 September 2019 02:43 PM Saudi DWF’s shareholders approve capital raise to SAR 25m

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Development Works Food Company (DWF) on 9 September approved to increase the firm’s capital to SAR 25 million from SAR 12.5 million through granting 100% bonus shares of the retained …

Company News

3 September 2019 11:25 AM DWF generates SAR 70m revenues in 6M

Riyadh – Mubasher: Development Works Food Company (DWF) disclosed its interim financial results for the second quarter of 2019. Net profits after zakat and tax fell by 16.57% to SAR 2.24 million in Q2-19, compared to SAR 2.68 million in Q2-18, …

Financial Results

23 June 2019 05:49 PM CMA nods for Saudi DWF to raise capital to SAR 25m

​​Riyadh – Mubasher: Development Works Food Co (DWF) received an approval from the Saudi Capital Market (CMA) to increase the capital to SAR 25 million from SAR 12.5 million. This capital hike will be executed by distributing a bonus share for …

General Assembly

29 May 2019 10:06 AM Development Works Food logs SAR 1.5m profit in Q1

Riyadh – Mubasher: Development Works Food Company posted an 8.83% year-on-year increase in its profits for the first quarter of 2019. Net profits after zakat and tax recorded SAR 1.45 million in Q1-19, compared to SAR 1.33 million in Q1-18, …

Company News

10 April 2019 04:48 PM DWF’s board proposes 100% capital hike

Riyadh – Mubasher: Development Works Food Company’s (DWF) board of directors has recommended a capital increase of 100% by issuing bonus shares. The company will increase its capital to SAR 25 million from SAR 12.5 million, subject to the approval …

Corporate Actions