Ash-Sharqiyah Development Co (6060)

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News

25 March 2024 01:44 PM Ash-Sharqiyah Development’s loss shrinks 94% YoY in 2023

Riyadh – Mubasher: Ash-Sharqiyah Development Company posted a 94.19% year-on-year (YoY) drop in net losses to SAR 185,743 in 2023 from SAR 3.19 million. The earnings per share (EPS) tumbled to SAR 0.01 last year from SAR 0.43 in 2022, according to …

Financial Results

5 November 2023 06:59 PM Ash-Sharqiyah Development incurs higher net losses in 9M-23, shifts to profits in Q3

Riyadh – Mubasher: Ash-Sharqiyah Development Company posted a net loss after Zakat and tax of SAR 1.85 million in the first nine months (9M) of 2023, up by 6.63% year-on-year (YoY) from SAR 1.74 million in 9M-22. The company’s loss per share …

Financial Results

25 July 2023 00:22 PM Ash-Sharqiyah Development appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Ash-Sharqiyah Development Company has appointed Yasser Muhammad Nasser Al Jarallah as the Chairman of the board for the next three years, according to a bourse statement. The listed firm also named Ali Yahya Al Jaafri as the …

Management Decisions

29 November 2022 00:24 PM Ash-Sharqiyah Development receives regulatory nod for capital raise

Riyadh – Mubasher: The Capital Market Authority has approved, on 28 November, Ash-Sharqiyah Development Company's request to increase its capital by SAR 225 million through a rights issue. Ash-Sharqiyah Development’s capital currently stands at …

Companies Investments

20 June 2021 03:56 PM Ash-Sharqiyah Development names new Vice Chairman, CEO

Riyadh – Mubasher: Ash-Sharqiyah Development Company has appointed Mansour Al Ghamdi as the Vice Chairman of the board, according to a bourse filing on Sunday. Al Ghamdi holds a Bachelor’s degree in Production Engineering and Mechanical Systems …

Management Decisions

9 May 2021 02:29 PM Ash-sharqiyah Development’s Q1 losses shrink 38.5%

Riyadh – Mubasher: Ash-sharqiyah Development Company registered a net loss after Zakat and tax of SAR 313,942 during the first quarter (Q1) of 2021, lower by 38.45% than SAR 510,141 in Q1-20. The company posted a loss per share of SAR 0.04 in …

Financial Results

1 February 2021 04:05 PM Ash-Sharqiyah Development hires financial advisor to manage rights issue

Riyadh – Mubasher: Ash-Sharqiyah Development Company has appointed Al-Khair Capital Company as a financial advisor to manage the subscription of priority rights shares, according to a bourse filing on Monday. In December 2020, the company’s board …

Companies Investments

31 December 2020 02:00 PM Ash-Sharqiyah Development mulls SAR 225m capital increase

Riyadh – Mubasher: Ash-Sharqiyah Development Company’s board recommended increasing the company’s capital by SAR 225 million via a rights issue. This comes to enable the company to implement its strategic and operational plans while supporting its …

Companies Investments

2 November 2020 03:38 PM NCB leads six companies to account for 74% of third-quarter profits

Riyadh – Mubasher: A total of 72 Saudi companies have announced their third-quarter (Q3) financial results so far out of a total of 174 firms. Consolidated profits of those 72 firms amounted to SAR 17.8 billion in Q3-20, a decline of 3.7% when …

Financial Results

2 November 2020 09:33 AM Ash-Sharqiyah Development’s quarterly losses down 52.7%

Riyadh – Mubasher: Ash-Sharqiyah Development Company’s net losses dropped by 52.7% on a yearly basis during the July-September period of this year, standing at SAR 421.525 million. The decline in third-quarter net losses was attributed to the …

Financial Results

21 July 2020 09:55 AM Ash-Sharqiyah Development names new chairman

Riyadh – Mubasher: The Board of Directors of Ash-Sharqiyah Development Company approved appointing Ali Bin Yahya Al Jaafari as the board’s chairman (non-executive) and Bandar Bin Muhammad Al Mahmoud as the vice chairman (independent). Moreover, it …

Board of Directors

31 May 2020 04:08 PM Ash-Sharqiyah Development narrows losses in Q1-20

Riyadh – Mubasher: Ash-Sharqiyah Development Company posted a 30% decline in quarterly losses for the three-month period ended 31 March 2020. Net losses amounted to SAR 510,141 for the first quarter (Q1) of the year, compared to SAR 729,288 for …

Financial Results

20 April 2020 05:14 PM Ash-sharqiyah Development fined SAR 20,000

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has imposed a SAR 20,000 fine on Ash-sharqiyah Development Company. This comes due to the violation of market rules and regulations, as the company disclosed incorrect information in its …

Markets Regulations

21 January 2020 11:33 AM Ash-aharqiyah Development postpones EGM

Riyadh – Mubasher: Ash-aharqiyah Development Company announced the non-convening of its extraordinary general assembly meeting (EGM) on Monday 20 January 2020. It is worth noting that the EGM was scheduled to vote on raising the company’s capital. …

General Assembly

1 January 2020 00:01 PM Ash-Sharqiyah extends CEO appointment mandate

Riyadh – Mubasher: Ash-Sharqiyah Development Company’s Board of Directors has decided on Tuesday to extend the appointment of Muhammad bin Abdullah Al Hujailan as Managing Director and CEO of the company until the end of 2020. This came as the …

Board of Directors

5 December 2019 11:17 AM CMA approves Ash-Sharqiyah capital hike

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Ash-Sharqiyah Development Company’s request to increase its capital from SAR 75 million to SAR 120 million. The capital hike will be through the issuance of 4.5 million …

Company News

24 July 2019 04:41 PM ASharqiyah Development’s losses fall 56% in Q2

Riyadh – Mubasher: ASharqiyah Development Company (ASharqiyah) posted its interim financial results for the second quarter of 2019. Net losses retreated by 56.5% to SAR 719,391 in Q2-19, from SAR 1.65 million in Q2-18, according to the firm’s …

Financial Results

13 May 2019 11:57 AM Ash Sharqiyah buys 2 income-generating property assets in Riyadh

Riyadh – Mubasher: Ash Sharqiyah Development Company signed an agreement with Omar bin Saleh bin Abdul Aziz Babeker to acquire the ownership of two income-generating real estate assets in Riyadh and fully owned by Babeker. The transaction aims at …

Mergers and Acquisitions

24 April 2019 05:28 PM Ash-Sharqiyah Development’s losses fall 61% in Q1

Riyadh – Mubasher: Saudi Arabia-based Ash-Sharqiyah Development reported a 60.8% year-on-year decline in losses in the first quarter of 2019. The Saudi firm’s net losses retreated to nearly SAR 729,300 in Q1-19 from SAR 1.86 million in the …

Financial Results

26 March 2019 10:42 AM Ash-Sharqiyah Development reports 59% loss decline in 2018

Riyadh – Mubasher: Saudi Arabia-based Ash-Sharqiyah Development on Tuesday reported a 58.73% year-on-year drop in losses during the full-year 2018. The Saudi firm’s net losses retreated to SAR 6.71 million ($1.79 million) last year, compared to …

Financial Results

7 November 2018 02:03 PM Ash-Sharqiyah Development trims losses in Q3, 9M

Riyadh – Mubasher: Saudi Arabia-based Ash-Sharqiyah Development on Wednesday reported a 51.39% year-on-year decline in net losses in the third quarter of 2018. Ash-Sharqiyah Development’s net losses after calculating Zakat and Tax amounted to SAR …

Financial Results

8 August 2018 07:55 PM Ash-Sharqiyah Development narrows losses 57% in Q2

Riyadh - Mubasher: Ash-Sharqiyah Development has reported a decline in net losses by 57.16% for the second quarter of 2018, as shown by the company’s financial results. Losses reached SAR 1.66 million in Q2-18, compared with SAR 3.87 million for …

Financial Results

9 May 2018 11:57 AM Ash Sharqiyah Development trims losses by 48.3% in Q1

Riyadh – Mubasher: Saudi Arabia-based Ash Sharqiyah Development on Wednesday reported a 48.3% year-on-year drop in its losses during the first quarter of 2018. Ash Sharqiyah Development’s net loss declined to SAR 1.86 million in the three-month …

Financial Results

4 April 2018 03:34 PM Saudi food firms’ profit grows in Q4; Almarai tops peers

By: Thabet Shehata Riyadh – Mubasher: Food companies listed on the Saudi Stock Exchange (Tadawul) posted a 236% year-on-year jump in their profits during the fourth quarter of 2017. Eleven firms logged SAR 476.16 million in profits during Q4-17, …

Companies Investments

2 November 2017 02:01 PM Ash Sharqiyah Development trims losses by 18% in Q3

Riyadh – Mubasher: Ash Sharqiyah Development on Thursday narrowed its net losses by 18.2% year-on-year in the third quarter of 2017. Losses tumbled to SAR 4.66 million in Q3-17, from SAR 5.7 million in Q3-16, according to a statement to the Saudi …

Financial Results