Al Gassim Investment Holding Co (GACO) News - Mubasher Info
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08 May 06:18 AM

Al Gassim Investment Holding Co (6020)

Last update: 7 May 03:17 PM market time.
17.78
2.04
12.96%
Open 17.80
Previous Close 15.74
High 17.94
Low 17.74
Stock Statistics
Volume 188,875
Turnover 3,371,749.02
All data are 15 minutes late during market session

News

Photo Archive
27 February 2023 03:40 PM GACO unveils 2 new key appointments
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) announced Abdulrahman Saleh Alhudheif as the new Chairman of the board, according to a bourse disclosure. The Saudi firm also named Rasheed Sulaiman Al Rasheed as the Vice Chairman. …
Management Decisions
Photo Archive
17 February 2022 10:00 PM GACO's board accepts CEO resignation, appoints Al Sawaji until 2023
Riyadh – Mubasher: The board of Al Gassim Investment Holding Company (GACO) has accepted on 17 February the resignation of the CEO, Hesham bin Abdulrahman Al Rabah, who has stepped down from his position for personal reasons. Al Rabah had …
Board of Directors
Photo Archive
14 September 2021 05:04 PM Zakat authority requests GACO to pay SAR 8m claims
Riyadh – Mubasher: The General Authority of Zakat, Tax, and Customs Authority has requested Al Gassim Investment Holding Company (GACO) to pay claims worth SAR 7.87 million. The amount represented amendments in Zakat differences for the years 2019 …
Corporate Actions
The loss per share amounted to SAR 0.011 in H1-21
18 August 2021 10:22 AM GACO turns to losses in H1-21; accumulated losses exceed SAR 12m
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) incurred net losses after Zakat and tax worth SAR 317,337 in the first half (H1) of 2021, versus net profits of SAR 1.24 million in H1-20. The loss per share amounted to SAR 0.011 in …
Financial Results
GACO reported an increase in annual net losses by around 90% to SAR 16.65 million in 2019.
28 January 2021 10:36 AM GACO’s EGM cancels 2019 dividends
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Gassim Investment Holding Company (GACO) approved not to distribute dividends for fiscal year (FY) 2019, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday. …
Management Decisions
Photo Archive
14 December 2020 04:57 PM GACO files lawsuit against Saudi environment ministry
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) has filed a lawsuit before Buraidah’s administrative court against the Ministry of Environment, Water and Agriculture’s branch in Al Qassim region. GACO wants the ministry’s branch to …
Corporate Actions
Photo Archive
26 March 2020 00:40 PM GACO’s board decides No dividends for 2019
Riyadh – Mubasher: The board of Al Gassim Investment Holding Company (GACO) has decided not to distribute dividends for fiscal year (FY) 2019. The decision is based on the recent financial results, as the company did not achieve profits in 2019, …
Cash Dividends
Saad bin Mohamed Ibrahim has been named chairman of the board
23 February 2020 00:17 PM GACO appoints new chairman, CEO
Riyadh – Mubasher: The board of Al Gassim Investment Holding Company (GACO) has appointed Saad bin Mohamed Ibrahim as the company’s chairman for the board of directors’ current term, which ends on 21 February 2023. Meanwhile, Badr bin Hammad Al …
Board of Directors
The SAR 7.5 million dividends will be distributed over 30 million shares
16 December 2019 10:40 AM Al Gassim Holding to distribute SAR 0.25/shr
Riyadh – Mubasher: Al Gassim Investment Holding Company announced that it will distribute SAR 7.5 million in cash dividends to its shareholders for 2019. Dividends will be distributed over 30 million shares, at SAR 0.25 per share or 2.5% of the …
Cash Dividends
Net profits, after tax and zakat, increased to SAR 4.71 million
10 November 2019 10:46 AM GACO’s profit jumps 277% in Q3
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) reported a 277.4% year-on-year hike in its net profit for the third quarter of 2019. Net profits, after tax and zakat, increased to SAR 4.71 million in the three-month period ended 30 …
Financial Results
The MoU will be extended for a month
25 September 2019 03:03 PM GACO extends non-binding MoU for acquisition deal
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) has extended a non-binding memorandum of understanding (MoU) for the acquisition of a stake in Advanced Bakeries Company, according to a bourse statement released on Wednesday. The MoU …
Companies Investments
The deal aims at diversifying GACO’s investments
24 June 2019 01:30 PM GACO pens non-binding deal to buy 67.1% in Advanced Bakeries
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) has inked a non-binding memorandum of understanding (MoU) to acquire a 67.1% stake in Advanced Bakeries, representing 20% stake in Saudi Bakeries Company’s shares. The deal could be …
Company News
GACO has appointed Wasatah Capital as a financial advisor for the offering
18 June 2019 11:32 AM GACO’s board recommends capital increase
Riyadh – Mubasher: The board of Al Gassim Investment Holding Company (GACO) proposed raising the firm’s capital through offering rights issue shares. The board recommended increasing the capital by SAR 100 million to SAR 400 million, according to …
Companies Investments
13 May 2019 09:58 AM GACO logs SAR 9.4m profit in Q1
Riyadh – Mubasher: Al Gassim Investment Holding Co (GACO) announced it has achieved a net profit of SAR 9.36 million in the first quarter of 2019, compared to SAR 294,000 in Q1-19. Revenue fell by 1.6% year-on-year in Q1-19, recording SAR 2.92 …
Financial Results
GACO reported SAR 7.7 million in losses in 2018
1 April 2019 00:31 PM GACO turns to losses in 2018
Riyadh – Mubasher: Saudi Arabia-based Al Gassim Investment Holding Company (GACO) on Sunday announced turning to losses in the fiscal year 2018. GACO reported SAR 7.7 million ($2.05 million) in losses, after zakat and taxes, last year, against a …
Financial Results
GACO indicated that the nine-month profit increase was due to a drop in administrative, distributing, general, and selling expenses.
29 October 2018 04:53 PM GACO profit dips 15% in Q3
Riyadh – Mubasher: Saudi Arabia-based Al Gassim Investment Holding Company (GACO) on Monday reported a 15.3% year-on-year decline in its net profits after calculating Zakat and Tax during the third quarter of 2018. GACO’s profits reached SAR 1.25 …
Financial Results
GACO logged a net profit of SAR 974,830 in Q2-18
31 July 2018 11:23 AM GACO’s profit levels up 38% in Q2
Riyadh – Mubasher: Saudi Arabia-based Al Gassim Investment Holding Company (GACO) on Tuesday reported a 37.9% year-on-year increase in net profits for the second quarter of 2018. GACO logged a net profit of SAR 974,830 in Q2-18, compared to SAR …
Financial Results
GACO inks deal to establish dried dates unit
3 June 2018 10:55 AM GACO inks deal to establish dried dates unit
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) has signed a memorandum of understanding (MoU) to establish a new company specialised in the manufacturing and marketing of dried dates. The new company, in which GACO will be the …
Companies Investments
Net profits recorded SAR 294,000 during Q1-18
7 May 2018 00:09 PM Al Gassim Investment profit soars 42% in Q1-18
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) on Monday posted a 42.59% year-on-year surge in its profits for the first quarter of 2018. Net profits recorded SAR 294,000 during the three-month period ended March 2018, compared to …
Financial Results
Al Gassim Investment wins SAR 30m loan from Al Rajhi Bank
5 April 2018 04:58 PM Al Gassim Investment gets SAR 30m loan from Al Rajhi Bank
Riyadh – Mubasher: Al Gassim Investment Holding Co on Thursday announced the signing of a three-year agreement with Al Rajhi Bank for SAR 30 million in facilities. The Islamic Sharia-compliant loan is guaranteed by a property mortgage and a …
Banking and Finance
The transaction’s value will be allocated for Qassim Agriculture’s investments.
26 December 2017 04:44 PM Qassim Agriculture OKs selling 6.45% stake in unit at SAR 9.4m
Riyadh – Mubasher: Saudi Arabia-based Qassim Agriculture Company’s board of directors approved an offer to purchase a stake in Pure Breed Poultry Co. at a value of SAR 9.375 million. The buying offer was presented by a shareholder in Pure Breed …
Companies Investments
Net profits rose to SAR 1.48 million in Q3-17, from SAR 1.4 million in Q3-16, according to a bourse filing
8 November 2017 10:48 AM Qassim Agriculture’s profits go up 6% in Q3
Riyadh – Mubasher: Qassim Agriculture Company on Wednesday said that its net profits increased by 5.6% year-on-year in the third quarter of 2017. Net profits rose to SAR 1.48 million in Q3-17, from SAR 1.4 million in Q3-16, according to a …
Financial Results
Al Rajhi Bank will distribute SAR 1.5 per share
22 July 2017 03:14 PM Tadawul awaits important events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, betweem 23 and 27 July, led by the dividends distribution by Al Rajhi Bank. Al Rajhi Bank will begin on Thursday, …
General Assembly
Total distributions amount to SAR 7.5 million
5 July 2017 11:00 AM Qassim Agriculture to distribute SAR 0.25/shr dividends for Q1
Riyadh – Mubasher: The ordinary general meeting (OGM) of Qassim Agriculture Company on Tuesday approved the distribution of cash dividends at 25 halalas per share for the first quarter of 2017 to its shareholders. Total distributions amount to SAR …
Cash Dividends
A number of companies will hold their general meetings this week
1 July 2017 04:27 PM Tadawul awaits important events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of major events in the upcoming week, between 2 and 6 July, led by the distribution of cash dividends by the National Commercial Bank (NCB). On Sunday, …
Cash Dividends