Al Gassim Investment Holding Co (6020)

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News

18 May 05:38 PM GACO suffers higher net losses at SAR 3.5m in Q1-25

Riyadh - Mubasher: Al Gassim Investment Holding Company (GACO) incurred net losses worth SAR 3.48 million in the first quarter (Q1) of 2025, marking an annual increase of 98.36% from SAR 1.75 million. The revenues declined by 7.69% year-on-year …

Financial Results

27 February 2023 04:40 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

17 February 2022 11:00 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 …

Corporate Actions

14 September 2021 06:04 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

18 August 2021 11:22 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

28 January 2021 11:36 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

14 December 2020 05:57 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

26 March 2020 01:40 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

23 February 2020 01:17 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

16 December 2019 11:40 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 …

Company News

10 November 2019 11:46 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

25 September 2019 04:03 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

24 June 2019 02:30 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 …

Mergers and Acquisitions

18 June 2019 00:32 PM 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 10:58 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

1 April 2019 01:31 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

29 October 2018 05:53 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

31 July 2018 00:23 PM 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

3 June 2018 11:55 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

7 May 2018 01:09 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

5 April 2018 05:58 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

26 December 2017 05:44 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 …

Corporate Actions

8 November 2017 11:48 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

22 July 2017 04:14 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, …

Cash Dividends

5 July 2017 00:00 PM 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