Jazan Development and Investment Co. (6090)

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News

18 August 03:24 PM Jazadco shifts to net losses in Q2-26; accumulated losses hit 26.5% of capital

Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) reported a net loss of SAR 7.26 million for the second quarter (Q2) of 2026, swinging from a net profit of SAR 16.72 million in the same period last year. The company attributed …

Financial Results

14 July 08:17 PM Morgan Stanley KSA to start market making for 3 listed companies

Riyadh - Mubasher: The Saudi Exchange (Tadawul) has granted approval to Morgan Stanley Saudi Arabia (MS) to commence market-making activities for Jazan Development and Investment Company, Salama Cooperative Insurance Company, and Liva Insurance. …

Company News

2 July 01:08 PM Jazadco’s shareholders pass auditor appointment, board remuneration

Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) announced the results of its second ordinary general meeting (OGM) held on 30 June 2026. The meeting was convened via modern technology from the company’s headquarters in …

Company News

2 July 10:12 AM Jazadco renews 2 lease agreements with Saudi gov’t

Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) announced on 1 July 2026, the completion of procedures to renew two lease agreements with the Ministry of Environment, Water and Agriculture for land hosting its shrimp farms. …

Companies Investments

28 June 12:50 PM Jazadco e-voting begins for OGM agenda items

Riyadh – Mubasher: Jazan Development and Investment Company, widely known as Jazadco, has started the electronic voting regarding its upcoming Ordinary General Assembly Meeting scheduled for 30 June 2026. Following an initial announcement released …

Company News

10 June 09:37 PM Jazadco to address 2025 financials, governance matters at end-June meeting

Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) will hold its Ordinary General Assembly Meeting scheduled on 30 June 2026 to address a comprehensive agenda, according to a bourse disclosure. Key items will include the …

Corporate Actions

7 January 06:45 PM Jazadco secures SAR 15m from ANB to support operations

Riyadh - Mubasher: Jazan Development and Investment Company (Jazadco) has renewed a Sharia-compliant working capital facility valued at SAR 15 million with Arab National Bank (ANB). The funding is aimed at supporting Jazadco’s aquaculture and …

Companies Investments

13 November 2025 08:14 AM Jazadco witnesses positive financial performance in 9M-25

Riyadh – Mubasher: Jazan Development and Investment Company  (Jazadco) turned profitable at SAR 12.15 million in the first nine months (9M) of 2025, versus net losses of SAR 139.21 million in 9M-24. Meanwhile, the revenues hiked by 42.35% …

Financial Results

13 April 2025 10:52 AM Jazadco appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) announced two key appointments for a new board term that will end on 12 April 2029. The company announced Ibrahim Abdullah Al Jasser as the board’s Chairman for the next four …

Board of Directors

20 May 2024 03:04 PM Jazadco shifts to SAR 41m losses in Q1-24

Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) turned to net losses valued at SAR 40.93 million in the first quarter (Q1) of 2024, compared to net profits worth SAR 1.78 million in Q1-23. Revenues dropped by 47.28% to SAR …

Financial Results

8 January 2024 01:38 PM Saudi Jazadco unveils rebranding

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has changed its name to Jazan Development and Investment Company, according to a bourse filing. The rebranding was implemented after completing all the regularity procedures in …

Management Decisions

28 December 2023 05:03 PM Jazadco secures SAR 21m to boost working capital

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) signed a SAR 21 million loan agreement with the Agricultural Development Fund on 5 December 2023 to finance the working capital. The funding will be used to support the working …

Companies Investments

13 November 2023 02:25 PM Jazadco’s net profits decline 31.5% in 9M-23; accumulated losses reported

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) posted net profits after Zakat and tax of SAR 18.64 million in the first nine months (9M) of 2023, a drop of 31.57% compared to SAR 27.24 million in the same period of 2022. The …

Financial Results

16 August 2023 09:04 PM Jazadco posts lower net profits in Q2, H1-23; accumulated losses hit 3%

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) witnessed a 53.47% annual plunge in net profit after Zakat and tax to SAR 13.18 million in the first half (H1) of 2023 from SAR 28.33 million. The earnings per share (EPS) decreased …

Financial Results

21 May 2023 05:04 PM Jazadco’s profits shrink in Q1-23; accumulated losses unveiled

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) recorded an annual drop of 49.98% in net profit after Zakat and tax to SAR 1.78 million during the first quarter (Q1) of 2023, versus SAR 3.56 million. Revenues grew by 4.44% to SAR …

Financial Results

29 March 2023 03:27 PM Jazadco’s profits jump to nearly SAR 17.5m in 2022

Riyadh – Mubasher: The net profits after Zakat and tax of Jazan Energy and Development Company (Jazadco) hiked by 42.98% to SAR 17.34 million in 2022, compared to SAR 12.12 million in 2021. Based on the annual financial results, the revenues hit …

Financial Results

9 November 2022 06:18 PM Jazadco sees 123%higher profits in 9M-22; accumulated losses unveiled

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) posted a net profit after Zakat and tax worth SAR 27.24 million in the first nine months (9M) of 2022, higher by 123.03% than SAR 12.21 million in 9M-21. Revenues declined by 7.65% …

Financial Results

19 September 2022 03:19 PM Jazadco names Al Resheid as new CEO

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has appointed Mohammed bin Abdullah Al Resheid as its new CEO effective from 1 November 2022, according to a bourse filing. Al Resheid has a master's degree in project and systems …

Corporate Actions

23 August 2022 11:01 AM Jazadco’s profit jumps 187% in H1-22

Riyadh – Mubasher: Jazan Energy and Development Company’s (Jazadco) net profits after Zakat and tax climbed by 186.97% year-on-year (YoY) in the first half (H1) of 2022 to SAR 28.33 million from SAR 9.87 million. The profit per share came in at …

Financial Results

23 May 2022 05:35 PM Jazadco's profits hike 76% in Q1-22

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) recorded a 75.83% year-on-year (YoY) increase in its net profits to SAR 3.56 million in the first quarter (Q1) of 2022, compared to SAR 2.02 million. The company's revenues …

Financial Results

14 April 2022 06:50 PM Jazadco names new Chairman, Vice Chairman

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has appointed Sultan Abdulaziz Al Mubarak as the new Chairman of the board for the coming three years. The Saudi listed company also appointed Feras Khalid Al Bawardi as the Vice …

Management Decisions

20 March 2022 05:00 PM Jazadco achieves SAR 13m net profits in 2021

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has posted net profits after Zakat and tax worth SAR 13.28 million in 2021, a year-on-year (YoY) hike of 23.17% from SAR 10.78 million. The revenues soared by 15.79%, reaching SAR …

Financial Results

1 November 2021 06:21 PM Jazadco’s Q3 net profits plunge 73%

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) registered net profits after Zakat and tax worth SAR 2.25 million during the third quarter (Q3) of 2021, a decline of 73% from SAR 8.44 million in Q3-20. Revenues meanwhile rose by …

Financial Results

11 August 2021 00:53 PM Jazadco’s H1-21 profits leap 740%; accumulated losses total SAR 48m

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) posted an annual jump of 739.7% in net profits after Zakat and tax to SAR 9.94 million in the first half (H1) of 2021 from SAR 1.18 million in H1-20. Earnings per share stood at SAR …

Financial Results

20 May 2021 06:05 PM CMA declines Jazadco’s request to raise capital for Jazil acquisition

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has disapproved Jazan Energy and Development Company’s (Jazadco) request to increase the capital in order to acquire Jazil Investment Company, according to a Tadawul disclosure on …

Markets Regulations