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6 minutes ago Bahri’s board proposes SAR 406m dividends in 2023
Riyadh – Mubasher: The board of National Shipping Company of Saudi Arabia (Bahri) has recommended the distribution of SAR 406.05 million, or SAR 0.55, in cash dividends for 2023. The number of shares eligible for dividends amounts to 738.28 …
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17 minutes ago Aldawaa Medical Services’ net profit rises 8% YoY in 2023
Riyadh – Mubasher: Aldawaa Medical Services Company recorded a 7.78% year-on-year (YoY) increase in net profit to SAR 329.22 million in 2023 from SAR 305.44 million. Revenues grew 6.87% YoY to SAR 5.74 billion last year from SAR 5.37 billion, …
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43 minutes ago Knowledge Economic City’s net loss deepens 135% YoY in 2023
Riyadh – Mubasher: Knowledge Economic City’s net loss soared 134.96% year-on-year (YoY) to SAR 45.55 million in 2023 from SAR 19.38 million. Revenues jumped 17.95% YoY to SAR 66.86 million last year from SAR 56.68 million, according to the annual …
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59 minutes ago Riyadh Cement posts SAR 189m net profit in 2023
Riyadh – Mubasher: Riyadh Cement Company’s net profit edged lower by 0.56% year-on-year (YoY) to SAR 188.77 million in 2023 from SAR 189.83 million. The company’s revenues rose 7.59% YoY to SAR 643.38 million last year from SAR 598.06 million, …
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1 hour ago Al Hammadi Holding records 18% YoY higher net profit in 2023; dividends ratified
Riyadh – Mubasher: Al Hammadi Holding logged a 17.87% year-on-year (YoY) jump in net profit to SAR 303.33 million in 2023 from SAR 257.34 million. Revenues grew 4.84% YoY to SAR 1.17 billion last year from SAR 1.12 billion, according to the annual …
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18 March 04:51 PM Almarai unveils SAR 18bn strategic plan
Riyadh – Mubasher: The board of Almarai Company greenlighted a strategic plan for the five years ending on 31 December 2028, with an investment programme exceeding SAR 18 billion. The plan aims to enhance continuous growth, enlarge sales, and …
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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 03:27 PM EFG Hermes completes advisory on Cenomi Retail’s sale deal
Mubasher: EFG Hermes, an EFG Holding Company concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail, according to a press release. The retail giant plans to sell a select portfolio of brands to Abdullah Al Othaim Fashion …
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18 March 02:01 PM Ooredoo, e& team up to evolve submarine network in Middle East
Abu Dhabi – Mubasher: e& and National Mobile Telecommunications Company (Ooredoo) partnered to deploy the subsea latest technology enabling the Gulf Gateway Cable (GGC1) system, according to a press release. The two entities will join forces to …
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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 12:38 PM Zoujaj to distribute SAR 16.5m dividends for H2-23
Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) unveiled the board’s decision to pay cash dividends valued at SAR 16.45 million for the second half (H2) of 2023. Zoujaj will disburse a dividend of SAR 0.50 per share, …
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18 March 12:28 PM Alandalus Property appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Alandalus Property Company’s board of directors has approved appointing a new Chairman and a Vice Chairman. The new Chairman Abdulsalam bin Abdulrahman Al Aqeel and Vice Chairman Saleh bin Muhammad Al Habib will be non-executive …
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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 11:39 AM Lana Medical’s unit wins contract in King Khalid Military City's campus
Riyadh – Mubasher: Lana Medical Company has announced that its unit Lana Contracting Company won a contract for restoration, furnishing, and modifications to the buildings of the Peninsula Shield Forces in Hafr Al-Batin. The SAR 7.99 million …
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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 01:06 PM First Mills launches food products company
Riyadh – Mubasher: First Milling Company (First Mills) has established a new limited liability company to support its future business expansion and fulfil strategic objectives with a capital of SAR 100,000. The new firm will be named First Food …
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17 March 12:50 PM Saudi Ceramic extends preliminary agreement with Turkish company
Riyadh – Mubasher: Saudi Ceramic Company has extended the term of a preliminary non-binding agreement with Eczacıbaşı Yapı Gereçleri A.Ş (EYAP), a subsidiary of the Turkish Eczacıbaşı Group, until the end of 2024. Throughout the year, the two …
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17 March 12:29 PM Alujain Corporation inks MoU for manufacturing complex partnership
Riyadh – Mubasher: Alujain Corporation has signed a memorandum of understanding with Samvardhana Motherson International Limited to partner in a manufacturing complex. The industrial complex manufactures specialised engineering and plastic …
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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 04:40 PM SABIC Agri-Nutrients appoints Al Battar as new CEO
Riyadh – Mubasher: SABIC Agri-Nutrients Company appointed Fahad Misfer Al Battar as its new CEO on 14 March 2024, according to a bourse disclosure. Al Battar has more than 25 years of experience in executive leadership and technical and …
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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 …