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Earnings per share stood at SAR 0.84 in H1-21
1 August 05:37 PM SACO logs SAR 30m profits in H1-21, halts dividends
Riyadh – Mubasher: Saudi Company for Hardware (SACO) registered a 32.9% decrease in net profits after Zakat and tax at SAR 30.08 million in the first half (H1) of 2021 from SAR 44.86 million in H1-20. Earnings per share stood at SAR 0.84 in H1-21, …
The signing ceremony
1 August 05:20 PM DirectFN signs contract for African Exchanges Linkage Project
Mubasher: The African Securities Exchanges Association (ASEA) has signed a contract with DirectFN to procure an order-routing system, in support of cross-border trading between African markets. Seven of Africa’s leading securities exchanges are …
Ataa Educational was the top riser with 6.7%
1 August 05:08 PM TASI, NomuC close Sunday higher
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Sunday at 11,066.93 points after gaining 54.22 points or 0.49%. The turnover amounted to SAR 8.03 billion after trading 252.16 million shares, compared to …
Earnings per share stood at SAR 0.68 in H1-21
1 August 04:50 PM Alinma Bank’s H1-21 net profits exceed SAR 1bn; dividends announced
Riyadh – Mubasher: Alinma Bank recorded net profits after tax worth SAR 1.35 billion in the first half (H1) of 2021, an increase of 43% from SAR 942.8 million in H1-21. Earnings per share stood at SAR 0.68 in H1-21, compared to SAR 0.47 in H1-20, …
The report highlights several aspects of the digital readiness of GCC banks
1 August 04:40 PM GCC banks accelerate COVID-19-spurred digitalisation- Markaz
Mubasher: The banks in GCC are expanding their digital footprint to keep up with the digitalisation trend driven by the coronavirus (COVID-19) pandemic, according to a report released by Marmore MENA Intelligence, the research arm of Kuwait …
Both Shaker and Alarjani were assigned their positions on 28 July
1 August 03:50 PM Knowledge Economic City appoints Chairman, Vice Chairman
Riyadh – Mubasher: Knowledge Economic City has appointed Amin Mohammad Shaker as the Chairman of the board for a three-year term, according to a bourse filing on Sunday. The company also appointed Ahmad Hasan Alarjani as the Vice Chairman of the …
The government reserves inched down by around 0.6%
1 August 03:49 PM Saudi Arabia sees 15% lower government reserves in June
Riyadh - Mubasher: Saudi Arabia's government reserves declined by 15.4% to SAR 355.358 billion in June 2021, compared to SAR 420.079 million in the year-ago period. On a monthly basis, the government reserves inched down by around 0.6% in June …
SABB set the distribution date as 19 August
1 August 03:39 PM SABB to pay over SAR 1bn dividends for H1-21
Riyadh – Mubasher: Saudi British Bank (SABB) will distribute a cash dividend of SAR 0.5 per share, accounting for 5% of the share’s par value, for the first half (H1) of 2021. The bank will pay a total of SAR 1.02 billion for 2.05 billion shares …
Earnings per share stood at SAR 0.9 in H1-21
1 August 03:31 PM Umm Al Qura Cement records SAR 49.5m profits in H1-21; dividends announced
Riyadh – Mubasher: Umm Al Qura Cement Company registered net profits after Zakat and tax worth SAR 49.45 million in the first half (H1) of 2021, lower by 16.8% than SAR 59.48 million in H1-20. Earnings per share stood at SAR 0.9 in H1-21, compared …
SAMA's assets went up by about 0.89% MoM
1 August 02:53 PM SAMA's assets hit SAR 1.84trn in June 2021
Riyadh - Mubasher: The assets of the Saudi Central Bank (SAMA) rose by 2.19% to SAR 1.84 trillion ($491.34 billion) in June 2021, compared to around SAR 1.8 trillion ($480.83 billion) in the same month of 2020. On a monthly basis, SAMA's assets …
Earnings per share amounted to SAR 1.21 in H1-21
1 August 02:28 PM Banque Saudi Fransi achieves SAR 1.5bn net profits in H1-21
Riyadh – Mubasher: Banque Saudi Fransi posted an annual increase of 38.4% in net profits after Zakat and tax to SAR 1.54 billion in the first half (H1) of 2021 from SAR 1.11 billion in H1-20. Earnings per share amounted to SAR 1.21 in H1-21, up …
Earnings per share stood at SAR 0.96 in H1-21
1 August 01:05 PM Riyad Bank’s net profits rise 13% in H1-21
Riyadh – Mubasher: Riyad Bank achieved a 12.8% increase in net profits after Zakat and tax to SAR 2.86 billion in the first half (H1) of 2021 from SAR 2.53 billion in H1-20. Earnings per share stood at SAR 0.96 in H1-21, compared to SAR 0.85 in …
Earnings per share stood at SAR 2.78 in H1-21
1 August 12:44 PM Al Rajhi Bank records SAR 7bn net profits in H1-21
Riyadh – Mubasher: Al Rajhi Bank posted an increase of 44% in net profits after Zakat and tax to SAR 6.94 billion during the first half (H1) of 2021 from SAR 4.81 billion in H1-20. Earnings per share stood at SAR 2.78 in H1-21, compared to SAR …
Earnings per share stood at SAR 1.71 in H1-21
1 August 11:57 AM Sipchem turns profitable at over SAR 1bn in H1-21
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) recorded a net profit after Zakat and tax worth SAR 1.24 billion in the first half (H1) of 2021, against net losses of SAR 151.8 million in H1-20. Earnings per share stood at …
Assets have totalled SAR 107.65 billion at the end of June 2021
1 August 11:44 AM Bank Albilad’s net profits soar 37.5% in H1-21
Riyadh - Mubasher: Bank Albilad achieved a net profit after Zakat and tax worth SAR 808.8 million in the first half (H1) of 2021, higher by 37.5% than SAR 588.1 million in H1-20. Earnings per share stood at SAR 1.08 in H1-21 from SAR 0.79 in …
Gulf General has sold 8.28 million shares
1 August 10:34 AM Gulf General raises SAR 140.5m from unsubscribed rights issue shares
Riyadh – Mubasher: Gulf General Cooperative Insurance Company has sold 8.28 million shares representing the remaining unsubscribed rights issue portion at an average price of SAR 16.97 a share. The total value of the sold shares stood at SAR …
The distribution date will be within 30 days from 12 August
1 August 10:17 AM Alkhabeer REIT Fund’s unitholders to obtain SAR 18m dividends
Riyadh – Mubasher: The unitholders of Alkhabeer REIT Fund will be receiving a cash dividend of SAR 0.125 per unit or 1.25% of the unit’s initial price for the three-month period ended on 30 June 2021. The total value of the dividends will stand at …
The resignation shall be effective as of 29 July 2021
1 August 10:04 AM Umm Al Qura Cement’s CEO resigns
Riyadh – Mubasher: Umm Al Qura Cement Company has accepted the resignation of its CEO, Fawaz bin Saleh Al Mutairi, according to a bourse filing on Sunday. The resignation shall be effective as of 29 July 2021. The cement company noted that Al …
The loan repayment duration of the original facility was seven years
29 July 06:05 PM Takween announces early resettlement of SAR 209.5m loan
Riyadh – Mubasher: Takween Advanced Industries Company announced early repayment of SAR 208.5 million from a Murabaha credit facility, according to a bourse filing on Thursday. The original Murabaha agreement was valued at SAR 1.3 billion as …
The lease agreement is for 10 years starting 1 September 2021
29 July 05:54 PM NCLE inks SAR 8m deal with Saudi Yamami
Riyadh – Mubasher: National Company for Learning and Education (NCLE) has signed a contract worth SAR 7.95 million with Saudi Arabia’s Yamami Company to lease an educational property. The asset is located in Al Arid district in Riyadh, according …
The financial impact could not be determined
29 July 05:42 PM SASCO extends lease agreement with Falcom
Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) has extended its contract with Falcom Financial Services Company for three months starting 29 July 2021. The listed company first signed a non-binding memorandum of understanding …
The agreement duration is five years
29 July 05:29 PM Alahli Takaful, SNB sign bancassurance agreement
Riyadh – Mubasher: Alahli Takaful Company has signed a bancassurance contract with the Saudi National Bank (SNB) as the bank will provide marketing and distribution services for the insurance company’s products. The agreement duration is five …
The company will be trading on Tadawul’s Nomu
29 July 05:15 PM Tadawul announces listing of Saudi Canadian Medical Center
Riyadh – Mubasher: Saudi Arabia-based Canadian Medical Center Company will start listing and trading its shares on the Saudi Exchange (Tadawul) on Monday, 2 August 2021. The stock will be trading at daily and static price fluctuation limits of +/- …
Middle East Paper Company (MEPCO) was the top riser with 5.23%
29 July 05:04 PM TASI, NomuC close Thursday higher
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Thursday higher by 0.72% or 78.98 points at 11,012.71 points. The trading value totalled SAR 7.01 billion through the exchange of 208.6 million shares, …
The doses were offered at over 587 locations
29 July 04:32 PM Saudi Arabia administrates over 26m vaccine doses jabs
Riyadh – Mubasher: Saudi Arabia has administrated more than 26 million COVID-19 vaccine shots since the national vaccination campaign began on 17 December 2020. The doses were offered at over 587 locations across the Kingdom, the Ministry of …