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The company’s losses stood at SAR 21.09 million in Q2-17, against profits of SAR 47 million in Q2-16, according to a bourse filing
24 July 07:12 PM Shaker loses SAR 21.09m in Q2
Riyadh – Mubasher: Al-Hassan Ghazi Ibrahim Shaker Co turned to losses in the second quarter of 2017. The company’s losses stood at SAR 21.09 million in Q2-17, against profits of SAR 47 million in Q2-16, according to a bourse filing. …
The bank achieved SAR 2.18 billion net profits in Q2-17, compared to SAR 2.05 billion in Q2-16
24 July 06:43 PM Al Rajhi Bank profits rise 6% in Q2
Riyadh – Mubasher: Al Rajhi Bank on Monday said that its net profits increased by 6.3% year-on-year in the second quarter of 2017. The bank achieved SAR 2.18 billion net profits in Q2-17, compared to SAR 2.05 billion in Q2-16, according to a …
The company posted SAR 13.72 million in Q2-17, compared to SAR 12.64 million in Q2-16, according to a bourse filing
24 July 05:51 PM Al Abdullatif profits grow 8.5% in Q2 on lower sales costs
Riyadh – Mubasher: Al Abdullatif Industrial Investment Company on Monday announced an 8.5% increase year-on-year in its profits for the second quarter of 2017. The company posted SAR 13.72 million in Q2-17, compared to SAR 12.64 million in Q2-16, …
This agreement is Sharia-compliant, according to a statement to the Saudi Stock Exchange
24 July 05:13 PM Banque Saudi Fransi, Jadwa REIT Fund ink SAR 500m facilities deal
Riyadh – Mubasher: Jadwa's real estate investment traded fund (Jadwa REIT Al Haramain Fund) on Monday said that it has obtained SAR 500 million after signing a banking facilities agreement with Banque Saudi Fransi. This agreement is …
Total revenues shrank by 24% to SAR 1.4 billion in Q2-17
24 July 05:01 PM Bahri posts lower profits in Q2
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) reported a drop of 68.4% in profits during the second quarter of 2017 compared to the same period last year. The company’s earnings decreased to SAR 153.9 million in Q2-17 from …
The company’s total sales in H1-17 grew by 8.9%
24 July 04:29 PM SAFCO profits decline 32% in Q2
Riyadh – Mubasher: Saudi Arabian Fertilizer Co (SAFCO) registered a drop of 32.4% in net profits during the second quarter of 2017 compared to the same period a year ago. Earnings shrank to SAR 204.3 million in Q2-17 from SAR 302.3 million in …
The exports will fall 1 million bpd below 2016 levels, the agency added, citing Al Falih as saying
24 July 04:24 PM KSA oil exports to reach 6.6m bpd in August – Al Falih
Riyadh – Mubasher: Khalid Al Falih, the Saudi minister of energy, industry, and mineral resources on Monday said that the Kingdom’s oil exports will be limited to 6.6 million barrels per day (bpd) in August, according to Reuters. The exports will …
No more OPEC discussions on deepening oil output cuts – Al Falih
24 July 03:38 PM No more OPEC discussions on deepening oil output cuts – Al Falih
Riyadh – Mubasher: Khalid Al Falih, the Saudi minister of energy, industry, and mineral resources on Monday said that there will not be further discussions of deeper oil output cuts from members and non-members of the Organization of the Petroleum …
The transaction included 3 million shares
24 July 03:36 PM Private transaction on Al Marai posts SAR 249m
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Monday registered one private transaction on Al Marai’s stock at a value of SAR 249 million, according to recent data. The transaction included 3 million shares at a value of SAR 83 each. By …
Nomu’s turnover stood at SAR 1.7 million
24 July 03:26 PM TASI closes Monday in red, NOMU rises
Riyadh – Mubasher: The benchmark Tadawul All Share Index (TASI) of the Saudi Stock Exchange (Tadawul) closed Monday’s session 0.15% or 11.09 points lower at 7,252.5 points. Tadawul’s trading value amounted to SAR 2.6 billion after 111.2 million …
Operating expenses amounted to SAR 39.7 billion
24 July 01:52 PM KSA telecom sector revenues reach SAR 50bn in 2016 – GASTAT
Riyadh – Mubasher: The number of enterprises in Saudi Arabia's telecommunication sector reached 11,650, generating operating revenues of SAR 49.7 billion in 2016, according to new data of Saudi General Authority for Statistics (GASTAT). Operating …
Banque Saudi Fransi's profits fell to SAR 1 billion
24 July 01:19 PM Banque Saudi Fransi Q2 profits fall 4.1%
Riyadh – Mubasher: Banque Saudi Fransi posted a decline of 4.1% in profits to SAR 1 billion ($268 million) during the second quarter of 2017 compared to SAR 1.05 billion ($279 million) in the same period in 2016. On a quarterly basis, the bank’s …
Mouwasat, PBC ink MoU worth SAR 150m
24 July 12:18 PM Mouwasat, PBC ink MoU worth SAR 150m
Riyadh – Mubasher: Mouwasat Medical Services Co signed on Sunday a memorandum of understanding (MoU) with Saudi-based Project Build Co (PBC) to expand Mouwasat’s hospital in Dammam. The MoU is valued at SAR 150 million, effective from the date of …
Earnings increased to SAR 220 million in Q2
24 July 12:01 PM Bank AlJazira Q2 profits rise 23.6%
Riyadh – Mubasher: Bank AlJazira reported a growth of 23.6% in the second quarter of 2017 compared to the same period a year ago. Earnings increased to SAR 220 million ($58.67 million) in Q2-17 from SAR 178 million ($47.47 million) in Q2-16, …
Losses reached SAR 352.8 million in the first half of 2017
23 July 10:26 PM Mobily turns to losses in Q2
Riyadh - Mubasher: Etihad Etisalat Company (Mobily) posted losses of SAR 189.7 million in the second quarter of the year versus profits of SAR 3.2 million for the same period in the previous year, according to a bourse filing. The company’s …
Profits amounted to SAR 2.147 billion in the second quarter of 2017
23 July 09:45 PM NCB profits down 0.9% in Q2
Riyadh - Mubasher: The National Commercial Bank (NCB) reported a decline in net profits by 0.86% for the second quarter of the year, as shown by the bank’s financial statements. Profits reached SAR 2.147 billion in the three-month period that …
Malaysia, Saudi Arabia, UAE, and Indonesia dominate 86% of the outstanding Sukuk
23 July 06:10 PM Sukuk issuances up 44% to $88bn in 2016 - IIFM
Mubasher: Global Sukuk issuances grew by 44% last year to $88 billion, compared to $61 billion in 2015, according to the 6th annual Sukuk Report issued by the International Islamic Financial Market (IIFM). The research report noted that currently …
Invest Wisely allows users to learn, engage, and practise
23 July 05:57 PM Tadawul launches new interactive platform to train investors
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) has launched a new platform under the name “Invest Wisely” through its official website. The aim is to provide new products and services that meet the needs of investors, in addition to …
Erdogan arrived in Jeddah on Sunday
23 July 05:30 PM Erdogan meets King Salman in Jeddah
Riyadh – Mubasher: Turkey’s President Recep Tayyip Erdogan arrived in Jeddah on Sunday, as the first stop of his tour to GCC countries, which also includes Kuwait and Qatar, according to Anadolu Agency. Erdogan was greeted by Prince Khalid …
Net profits fell to SAR 2.66 million in Q2-17, from SAR 26.8 million in Q2-16
23 July 05:07 PM Hail Cement net profits slide 90% in Q2 on decline in demand
Riyadh – Mubasher: Hail Cement Company on Sunday announced that its net profits decreased by 90.09% year-on-year in the second quarter of 2017. Quarter-on-quarter, net profits slid 67.87%, according to a statement to the Saudi Stock Exchange …
eXtra was the top winner with a rise of 9.97%
23 July 03:27 PM TASI gains, Nomu falls at Sunday close
Riyadh – Mubasher: The benchmark Tadawul All Share Index (TASI) of the Saudi Stock Exchange (Tadawul) closed Sunday’s trading session 0.03% or 2.47 points higher at 7,263.6 points. Tadawul’s liquidity shrank to SAR 2.25 billion ($598.7 million) on …
Arabian Pipes appoints Al-Lohaidan as new CEO
23 July 12:04 PM Arabian Pipes appoints new CEO
Riyadh – Mubasher: Arabian Pipes Co board of directors on Sunday approved appointing Ahmed Ali Al Lohaidan as the new CEO, effective 24 July 2017. The pipes company’s profits decreased 77.17% in the first quarter of 2017, compared to the year-ago …
By 11:00 am Saudi time, 23.95 million shares were exchanged through 18,500 transactions, at a value of SAR 520.4 million
23 July 11:16 AM TASI, Nomu up at Sunday’s open
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) grew 0.11% or 8.2 points reaching 7,269.34 points in Sunday’s early trades. By 11:00 am Saudi time, 23.95 million shares were exchanged through 18,500 transactions, at a value of SAR 520.4 …
Arabian Shield’s net profits rose to SAR 22.35 million in Q2-17, compared to SAR 10.07 million in Q2-16
23 July 11:15 AM Arabian Shield posts SAR 22.35m in Q2 profits on higher net premiums
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company on Sunday said that its net profits surged 121.91% year-on-year in the second quarter of 2017. Quarter-on-quarter, net profits increased 8.08%, according to a statement to the Saudi …
Almarai’s profits rose by 5.85% year-on-year in H1-17
23 July 10:59 AM Almarai Q2 net profit grows 2.4%
Riyadh – Mubasher: Almarai recorded a rise of 2.38% in net profits to SAR 674.1 million during the second quarter of 2017, compared to SAR 658.4 million in the same quarter a year ago. The growth in Q2 earnings is attributed to lower cost of …