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Board of Directors

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23 July 05:52 PM Ladun renews SAR 181.5m facilities with Riyad Bank
Riyadh – Mubasher: The board members of Ladun Investment Company approved an agreement to renew Sharia-compliant facilities totalling SAR 181.59 million from Riyad Bank. The approval was granted on 23 July 2024 for the funding date of 22 July this …
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23 July 05:01 PM Bena Steel Industries’ board proposes SAR 0.9/shr dividends for 2023
Riyadh – Mubasher: Bena Steel Industries Company’s board on 22 July 2024 recommended to the general assembly the distribution of SAR 4.50 million in cash dividends for 2023. Around five million shares are eligible for the proposed dividends, whose …
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23 July 10:45 AM First Mills records SAR 123m profits in H1-24; dividends unveiled
Riyadh – Mubasher: First Milling Company (First Mills) witnessed a 13.40% year-on-year (YoY) rise in net profit to SAR 123.22 million during the first half (H1) of 2024, compared to SAR 108.66 million. The revenues stood at SAR 518.79 million in …
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14 July 02:17 PM Multiply Group accepts Chairman’s resignation; Shueb succeeds
Abu Dhabi – Mubasher: The board of Multiply Group approved the resignation of Andre Sayegh from his position as the Chairman of the company due to personal reasons and professional commitments. Sayegh’s resignation became effective on 9 July 2024, …
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14 July 01:37 PM Amlak International announces key board appointments
Riyadh – Mubasher: Amlak International Finance Company has appointed Abdullah bin Ibrahim Al Howaish as the Chairman for the new board term, which commenced on 4 June 2024. The company appointed Amr bin Mohammed Kamel as the Vice Chairman and …
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10 July 07:37 PM Burgerizzr unveils key board appointments
Riyadh – Mubasher: Shatirah House Restaurant Company (Burgerizzr) has appointed Mohammed bin Ali Al Ruwaigh as the Chairman of the board for the coming four years. Sami bin Mohammed Obaid has been named as the Vice Chairman for the same board …
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10 July 02:58 PM Al Seer Marine elects Chairman, Vice Chairman
Abu Dhabi – Mubasher: The board members of Al Seer Marine Supplies & Equipment have elected Readh Faraj Ahmed Alkindi as the Chairman of the board, upon a resolution in their 9 July 2024 meeting. Meanwhile, General Jasem Yousef Yaqoob Almansoori …
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7 July 02:28 PM PIF pens SAR 427m deal to raise stake in Saudi Re to over 23%
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed a binding subscription agreement with the Public Investment Fund (PIF) to increase its capital from SAR 891 million to SAR 1.15 billion. Saudi Re is set to increase its capital …
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7 July 12:38 PM Amak appoints news Acting CEO
Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) ended the contract of Christopher Gerard Warwick, the Acting CEO of AMAK. The board members named Nihat Soyer as an Acting CEO of Amak on 4 July 2024, according to a bourse disclosure. …
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7 July 09:44 AM Umm Al Qura Cement names 2 key appointments
Riyadh – Mubasher: Umm Al Qura Cement Company appointed Abdullah Abdulaziz Suleiman Alabdulatif as the Chairman of the board for the coming three years. Saud Mahamed Ali Al Sabhan was announced as the Vice Chairman, according to a bourse …
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4 July 03:17 PM Elm’s CEO resigns; Alomair succeeds
Riyadh – Mubasher: Abdulrahman Saad Al Jadhai resigned from the position of CEO of Elm Company after leading the company for more than 12 years. Al Jadhai submitted his resignation on 3 July 2024 for personal reasons, yet it will be effective on …
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4 July 11:58 AM TADCO names new Chairman, Vice Chairman
Riyadh – Mubasher: Tabuk Agricultural Development Company (TADCO) appointed Majid Ahmed Ibrahim Al Suwaigh as the Chairman of the board for the next three years. Ahmed Sirag Khogeer was appointed as the Vice Chairman, according to a bourse …
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2 July 03:05 PM SIIG’s board ratifies SAR 377m dividends for H1-24
Riyadh – Mubasher: The board of Saudi Industrial Investment Group (SIIG) approved the distribution of SAR 377.40 million, or SAR 0.50 per share, in cash dividends for the first half (H1) of 2024. Dividends are set to be distributed on 22 July 2024 …
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1 July 09:44 AM Kingdom Holding announces 2 key appointments
Riyadh – Mubasher: Kingdom Holding Company named Prince Alwaleed bin Talal bin Abdulaziz Al Saud as the Chairman of the board for the next three years. Lama Abdulaziz Al-Sulaiman was appointed as the Vice Chairman, according to a bourse …
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30 June 11:15 AM Makkah Construction and Development announces CEO resignation
Riyadh – Mubasher: The board of Makkah Construction and Development Company has accepted the resignation of Fahd Muhammad Al Fawaz from the position of CEO due to personal circumstance. The decision will be effective 1 July 2024, according to a …
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26 June 09:36 AM AMOC eyes EGP 4.2bn revenues in FY24/25
Cairo – Mubasher: The board of Alexandria Mineral Oils Company (AMOC) greenlighted the capital budget for fiscal year (FY) 2024/2025 to nearly EGP 551.80 million, according to a bourse disclosure. The EGX-listed firm targets net profits after tax …
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25 June 11:22 AM ADNOC Drilling’s shareholders approve new dividends policy for 2024-28
Abu Dhabi – Mubasher: The shareholders of ADNOC Drilling Company greenlighted the new progressive dividend policy for 2024-2028, which will see dividends grow by at least 10% annually. The expected cumulative minimum yield from the new policy is …
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24 June 02:24 PM SASCO names Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) has appointed Chairman, Vice Chairman, and a Managing Editor. The company’s board appointed Ibrahim Mohammed Alhudaithi as Chairman, according to a bourse filing. The board also named …
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24 June 01:50 PM Budget Saudi names new Chairman, Vice Chairman
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) appointed Ibrahim Saad Al Mojel as the board’s Chairman for the next four years. Abdulwahab Abdulkarim Albetari was named as the Vice Chairman, according to a bourse …
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23 June 10:36 AM SIDC eyes restructuring capital to lower accumulated losses
Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) submitted an application file, on 13 June, to the Capital Market Authority (CMA) to reduce its capital by SAR 265 million. The new capital will stand at SAR 135 million distributed …
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20 June 04:55 PM Al Seer Marine appoints Alvarado as Deputy CEO
Abu Dhabi – Mubasher: Maritime organisation Al Seer Marine Supplies and Equipment, a subsidiary of the listed International Holding Company (IHC), has appointed Gunther Alvarado as its Deputy CEO, according to a bourse filing. Alvarado will be …
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13 June 03:10 PM Sipchem announces SAR 362.5m dividends for H1-24
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) approved cash dividends worth SAR 362.56 million, representing 5% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 0.50 …
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13 June 02:32 PM Raydan Food unveils changes in board
Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …
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13 June 10:46 AM Modern Mills to disburse SAR 82m dividends for 2023
Riyadh – Mubasher: The shareholders of Modern Mills for Food Products Company greenlighted SAR 81.83 million, equivalent to 100% of the share capital, for 2023.  The firm will pay out a dividend of SAR 1 per share on 7 July 2024, according to a …
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13 June 10:22 AM MEPCO’s CEO resigns; Renders succeeds
Riyadh – Mubasher: The board members of Middle East Paper Company (MEPCO) accepted the resignation of Sami Ali Al Safran as the company’s CEO. Jan Renders, a current board member, took over as an acting CEO of MEPCO on 13 June, according to a …