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21 October 05:48 PM Takween logs 557% jump in Q3 profits’ accumulated losses cross 28%
Riyadh – Mubasher: Takween Advanced Industries Company achieved an annual surge of 556.6% in net profits after Zakat and tax to SAR 40.34 million in the third quarter (Q3) of 2021 from SAR 6.14 million. Revenues soared by 21% to SAR 222.45 million …
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21 October 05:39 PM Yanbu Cement’s Q3 profits shrink 56%
Riyadh – Mubasher: Yanbu Cement Company logged a year-on-year (YoY) decrease of 55.8% in net profits to SAR 36.4 million during the third quarter (Q3) of 2021 from SAR 82.48 million. Revenues declined by 13.5% YoY to SAR 207.78 in Q3-21 from SAR …
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21 October 05:21 PM stc records SAR 3bn profits in Q3, to pay SAR 2bn dividends
Riyadh – Mubasher: Saudi Telecom Company (stc) registered net profits after Zakat and tax of SAR 2.92 billion in the third quarter (Q3) of 2021, rising by 5.7% from SAR 2.76 billion in Q3-20. Revenues increased year-on-year (YoY) by 5.7% to SAR …
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21 October 04:17 PM TASI ends week higher; NomuC falls
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Thursday higher by 35.84 points (0.3%) at 11,939.58 points. The turnover reached SAR 7.43 billion after trading 202.42 million shares, compared to SAR …
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21 October 01:59 PM Nadec turns profitable in Q3, incurs losses in nine months
Riyadh –Mubasher: National Agricultural Development Company (Nadec) registered net profits after Zakat and tax worth SAR 3.21 million in the third quarter (Q3) of 2021, versus losses of SAR 44.89 million in Q3-20. Revenues went up 0.7% to SAR …
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21 October 01:00 PM Final IPO price for Arabian Contracting set at SAR 100/shr
Riyadh – Mubasher: The final price for the initial public offering (IPO) of Arabian Contracting Services Company (Al Arabia) has been set at SAR 100 per share, financial advisor GIB Capital announced in a bourse disclosure on Thursday. GIB, the …
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21 October 12:23 PM SADAFCO logs lower profits at SAR 54m in Q2-21/22
 Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) recorded net profits after Zakat and tax worth SAR 53.7 million in the second quarter (Q2) of fiscal year (FY) 2021/2022. This marked a decline of 23.5% from SAR 70.26 million in …
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21 October 11:31 AM Arriyadh Development records SAR 71m profits in Q3-21
Riyadh – Mubasher: Arriyadh Development Company achieved net profits after Zakat and tax worth SAR 70.8 million during the third quarter (Q3) of 2021, rising by 28.4% from SAR 55.1 million in Q3-20. Sales rose by 3.6% to SAR 61.9 million in Q3-21 …
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21 October 10:50 AM Banan Real Estate’s shareholders nod to H1-21 dividends
Riyadh – Mubasher: The shareholders of Banan Real Estate Company have approved the board’s recommendation of distributing a cash dividend of SAR 0.25 per share for the first half (H1) of 2021. The total dividend payout amount stands at SAR 5 …
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20 October 05:27 PM SAIB plans redemption of SAR 500m sukuk
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) intends to redeem its outstanding SAR 500 million Additional Tier 1 Capital Sukuk on 21 November. The Sukuk was issued through a private placement on 21 November 2016, according to a bourse …
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20 October 04:38 PM Makkah Construction turns profitable in Q3-21
Riyadh – Mubasher: Makkah Construction and Development Company achieved net profits after Zakat and tax of SAR 12 million in the third quarter (Q3) of 2021, versus losses of SAR 29 million in Q3-20. Sales jumped 800% to SAR 45 million in Q3-21 …
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20 October 04:16 PM Bank Albilad records SAR 450m profits in Q3-21
Riyadh – Mubasher: Bank Albilad achieved net profits worth SAR 449.7 million during the third quarter (Q3) of 2021, up by 17.5% from SAR 382.6 million in Q3-20. On a quarterly basis, the net profits were 8% higher than SAR 416.1 million in Q2-21, …
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20 October 03:43 PM TASI, NomuC end Wednesday in green
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Wednesday’s session higher by 11.2 points (0.94%) at 11,903.74 points. The trading value stood at SAR 7.24 billion after exchanging 189.75 million shares, …
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20 October 02:20 PM Oil demand in Q4-21 likely to grow 2% – Report
Riyadh – Mubasher: Oil demand is forecast to increase by 2% or 1.5 million barrels per day (bpd) during the fourth quarter (Q4) of 2021 on a quarterly basis, according to a report by Jadwa Investment. OPEC data showed that oil demand has risen by …
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20 October 12:05 PM Thimar inks framework deal with Al Khair Capital
Riyadh – Mubasher: National Agricultural Marketing Company (Thimar) has signed a framework agreement with Al Khair Financial Company (Al Khair Capital) on 19 October. The agreement aims to provide advisory services that contribute to achieving …
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20 October 11:07 AM SEDCO Capital unveils distribution date for REIT fund’s dividends
Riyadh – Mubasher: Saudi Economic and Development Securities Company (SEDCO Capital) announced that the distribution date for the cash dividends to SEDCO Capital REIT Fund’s unitholders will commence on Thursday, 21 October. The fund manager SEDCO …
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20 October 10:44 AM Gulf Union Alahlia plans SAR 229.5m capital raise
Riyadh – Mubasher: The board of Gulf Union Alahlia Cooperative Insurance Company recommended a capital increase through a right issues, according to a bourse disclosure on Wednesday. The company intends to raise the capital by SAR 229.47 million …
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20 October 09:38 AM Advanced Petrochemical to pay SAR 141m dividends for Q3
Riyadh – Mubasher: The board of Advanced Petrochemical Company decided to distribute a cash dividend of SAR 0.65 per share, representing 6.5% of the share’s par value, for the third quarter (Q3) of 2021. The company will pay a total amount of SAR …
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20 October 09:09 AM Sipchem turns profitable at nearly SAR 2.3bn in nine months
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) achieved net profits after Zakat and tax worth SAR 2.27 billion during the first nine months of 2021, against losses of SAR 141.8 million in the same period a year ago. …
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19 October 05:02 PM Saudi Fisheries pens deal with ARASCO
Riyadh – Mubasher: The Saudi Fisheries Company has signed a non-binding memorandum of understanding (MoU) with the Arabian ‎Agricultural Services Company (ARASCO) on 19 October. The renewable deal will be effective for six months from the date of …
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19 October 04:49 PM solutions by stc logs SAR 257m profits in Q3
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions by stc) achieved net profits after Zakat and tax worth SAR 257 million during the third quarter (Q3) of 2021, up by 7% from SAR 240 million in Q3-20. Revenues …
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19 October 04:34 PM Saudi Arabia announces 49 new COVID-19 cases
Riyadh – Mubasher: The Ministry of Health registered 49 more COVID-19 infections on 19 October as well as 38 additional recoveries. Saudi Arabia reported two new fatalities, according to the daily report. The new figures brought the total number …
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19 October 04:05 PM TASI, NomuC close Tuesday in green
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Tuesday’s session higher by 34.52 points (0.29%) at 11,792.54 points. The turnover reached SAR 7.38 billion after trading 198.6 million shares, compared to …
During signing Mobily-Ericsson agreement
19 October 01:06 PM Mobily partners with Ericsson to recycle electronic devices
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) has signed an agreement with Ericsson to recycle expired and discarded electronic devices across the Kingdom. The partnership, which was concluded during GITEX 2021, aims to contribute to …
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19 October 12:42 PM Saudi Arabia’s holdings of US treasuries fall to 15-month low in August
Riyadh – Mubasher: Saudi Arabia has reduced its holdings of US treasury bonds by 4.5% or $5.9 billion to $124.1 billion in August this year compared to the same month in 2020, down to the lowest level in 15 months, according to official data. The …