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Financial Results

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18 March 04:00 PM Saudi Enaya shifts to profitability in 2023
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company turned to profitability during the full year 2023, recording a net profit after Zakat attributable to shareholders of SAR 20.22 million, compared to a net loss of SAR 6.35 million a year …
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18 March 02:26 PM United Mining Industries obtains board’s nod for H2-23 dividends
Riyadh – Mubasher: The board of United Mining Industries Company greenlighted cash dividends valued at SAR 9.80 million, representing 7% of the capital, for the second half (H2) of 2023. The Saudi firm will distribute a dividend of SAR 0.70 per …
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18 March 01:52 PM Chubb Arabia’s net profit jumps 98% YoY in 2023
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recorded a 97.95% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 24.81 million in 2023 from SAR 12.53 million. The insurance revenues grew 10.05% …
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18 March 12:07 PM Arabian Drilling’s net profit rises 8% YoY in 2023; dividends recommended
Riyadh – Mubasher: Arabian Drilling posted an 8.42% year-on-year (YoY) increase in net profit to SAR 605 million in 2023 from SAR 558 million. The company’s revenues soared 28.59% YoY to SAR 3.47 billion last year from SAR 2.70 billion, according …
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18 March 11:12 AM Nahdi Medical’s net profit shows slight increase in 2023; dividends approved
Riyadh – Mubasher: Nahdi Medical Company’s net profit edged higher by 0.54% year-on-year (YoY) to SAR 892.60 million in 2023 from SAR 887.80 million. Revenues grew 1.13% YoY to SAR 8.71 billion last year from SAR 8.61 billion, according to the …
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17 March 04:52 PM Southern Province Cement’s profits fall 35% in 2023
Riyadh – Mubasher: The net profits of Southern Province Cement Company plunged by 35.22% year-on-year (YoY) to SAR 195 million in 2023 from SAR 301 million. The revenues witnessed an annual drop of 12.44% to SAR 1.07 billion during the …
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17 March 04:22 PM Chemanol’s losses hit SAR 178m in 2023
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) shifted to net losses amounting to SAR 177.80 million in 2023, compared to net profits valued at SAR 206.43 million in 2022. Chemanol witnessed 32.40% year-on-year (YoY) lower revenues at …
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17 March 02:37 PM Union Properties incurs AED 2.1bn accumulated losses
Dubai – Mubasher: The accumulated losses of Union Properties reached AED 2.10 billion at the end of the fourth quarter (Q4) of 2023, accounting for 49.08% of the firm’s capital. The losses are mainly attributed to a fair value loss of AED 2.07 …
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17 March 02:34 PM Kima forecasts EGP 821m net profit in FY24/25
Cairo – Mubasher: Egyptian Chemical Industries (Kima) is expecting to achieve a net profit of EGP 821.13 million during the fiscal year (FY) 2024/2025. The company aims to generate EGP 6.72 billion in net sales in FY24/25, according to the …
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17 March 01:49 PM Cleopatra Hospitals Group’s consolidated profit hits EGP 470m in 2023; dividends ratified
Cairo – Mubasher: Cleopatra Hospitals Group posted a consolidated net profit after tax of EGP 469.29 million in 2023, up from EGP 356.73 million a year earlier. Consolidated revenues surged to EGP 3.59 billion last year from EGP 2.58 billion in …
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17 March 01:28 PM Julphar’s 2023 accumulated losses hit 30% of capital; revenues up
Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) registered accumulated losses valued at AED 346.70 million as of 31 December 2023. The incurred accumulated losses represent 30% of the company’s paid-up capital, according to a bourse …
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17 March 11:49 AM Arabian Shield’s net profit balloons 15,943% YoY in 2023
Riyadh – Mubasher: The net profit after Zakat attributable to shareholders of Arabian Shield Cooperative Insurance Company skyrocketed by more than 15,943% year-on-year (YoY) to SAR 65.13 million in 2023 from SAR 406,000. Insurance revenues rose …
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17 March 11:11 AM SAIC’s net profit leaps 48% YoY in 2023; dividends proposed
Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) jumped 48.49% year-on-year (YoY) to SAR 148.80 million in 2023 from SAR 100.21 million. Revenues soared 55.23% YoY to SAR 180.15 million last year from SAR 116.05 …
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17 March 10:46 AM Allianz Saudi Fransi’s net profit jumps 331% YoY in 2023
Riyadh – Mubasher: Allianz Saudi Fransi Cooperative Insurance Company reported a 331.29% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 36.98 million in 2023 from SAR 8.57 million. Insurance revenues grew by …
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14 March 04:10 PM Majid Al Futtaim’s consolidated revenues up to AED 34.5bn in 2023
UAE – Mubasher: Majid Al Futtaim logged an annual rise of 1% in consolidated revenue to AED 34.50 billion as of 31 December 2023, according to a press release. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped by 12% …
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14 March 02:17 PM Al Etihad Cooperative’s net profit soars 640% YoY in 2023
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company recorded a 639.22% year-on-year (YoY) jump in net profit after Zakat attributable to shareholders to SAR 93.89 million in 2023 from SAR 12.70 million. Insurance revenues grew 12.05% YoY to …
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14 March 12:41 PM Dallah Healthcare’s net profit leaps 31% YoY in 2023
Riyadh – Mubasher: Dallah Healthcare Company registered a 31.21% year-on-year (YoY) jump in net profit to SAR 360.12 million in 2023 from SAR 274.46 million. Revenues increased by 18.28% YoY to SAR 2.94 billion last year from SAR 2.48 billion, …
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14 March 12:14 PM Theeb Rent a Car posts 26% YoY lower profit in 2023
Riyadh – Mubasher: The net profit of Theeb Rent a Car Company dropped 26.43% year-on-year (YoY) to SAR 142.06 million in 2023 from SAR 193.10 million. Revenues rose 17.30% YoY to SAR 1.35 billion last year from SAR 967.96 million, according to the …
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14 March 11:10 AM Yanbu Cement’s net profit plunges 44% YoY in 2023
Riyadh – Mubasher: Yanbu Cement Company registered a 44.33% year-on-year (YoY) decline in net profit to SAR 119.92 million in 2023 from SAR 215.41 million. Revenues tumbled 20.45% YoY to SAR 780.55 million last year from SAR 981.17 million, …
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14 March 10:58 AM Morabaha Marina Financing’s net profit drops 31% YoY in 2023
Riyadh – Mubasher: Morabaha Marina Financing Company posted a 31.11% year-on-year (YoY) drop in net profit to SAR 31 million in 2023 from SAR 45 million. The company’s revenues grew 7.15% YoY to SAR 169.40 million last year from SAR 158.10 …
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13 March 04:23 PM DMCC registers $38bn diamond trade’s value in 2023
UAE – Mubasher: Dubai Multi Commodities Centre (DMCC) announced that Dubai’s value of rough and polished diamonds trade increased by 2% year-on-year (YoY) to $38.30 billion in 2023. This represents a five-year compound annual growth rate of 11%, …
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13 March 01:11 PM Beltone Holding’s consolidated profit balloons 3,597% YoY in 2023
Cairo – Mubasher: Beltone Holding’s consolidated net operating profit skyrocketed 3,597% year-on-year (YoY) to EGP 1.02 billion in 2023 from EGP 27.80 million. The consolidated operating revenue surged 411% YoY to EGP 1.87 billion last year from …
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13 March 12:38 PM Elsewedy Electric logs 87% YoY higher consolidated profit in 2023; dividends ratified
Cairo – Mubasher: Elsewedy Electric Company posted an 86.70% year-on-year (YoY) surge in consolidated net profit after minority interest to EGP 10.11 billion in 2023 from EGP 5.41 billion. Consolidated revenue soared 65.10% YoY to EGP 152.18 …
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13 March 11:24 AM Walaa Cooperative Insurance turns profitable in 2023
Riyadh – Mubasher: Walaa Cooperative Insurance Company shifted towards profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 147.97 million, compared to a net loss of SAR 68.08 million a year earlier. …
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12 March 04:24 PM Nayifat generates nearly SAR 89m profits in 2023
Riyadh – Mubasher: The net profits of Nayifat Finance Company plummeted by 48.26% ye to SAR 88.71 million in 2023 from SAR 171.45 million in 2022. The revenues amounted to SAR 396.96 million as of 31 December 2023, up 1.18% year-on-year (YoY) from …