Stocks News

The firm attributed the fourth-quarter losses to a decline in gross written premiums
18 February 01:09 PM SABB Takaful turns to loss in Q4
Riyadh – Mubasher: SABB Takaful on Sunday said that it turned to loss during the fourth quarter of 2017, against posting profits in the same period the year before. The Saudi Sharia-compliant insurer's losses amounted to SAR 11.45 million in …
The firm’s losses reached SAR 2.9 million during Q4-17
18 February 12:50 PM Solidarity Takaful incurs SAR 2.9m loss in Q4
Riyadh – Mubasher: Solidarity Saudi Takaful on Sunday turned to losses in the fourth quarter of 2017, against achieving profits in the corresponding period in the prior year. The firm’s losses reached SAR 2.9 million during Q4-17, against SAR 16.5 …
Net profits reached SAR 2.66 million during Q4-17
18 February 12:35 PM Al Sagr Insurance’s profit drops 71% in Q4 on higher net claims
Riyadh – Mubasher: Saudi Arabia-based Al Sagr Cooperative Insurance on Sunday stated that its net profits retreated 71.3% in the fourth quarter of 2017, compared to the year-ago period. Al Sagr Insurance’s net profits amounted to SAR 2.66 million …
Go’s EGM on 13 February approved amortisation of SAR 157.5 million from its accumulated losses.
18 February 10:43 AM Go’s accumulated losses drop to SAR 225.95m of its capital
Riyadh – Mubasher: Etihad Atheeb Telecommunication (Go) on Sunday announced that its accumulated losses decreased to SAR 225.95 million, representing 47.82% of the telecommunications provider's capital after reduction. The Saudi Arabia-based firm …
Al Rajhi Bank recommended the distribution of SAR 4.06 billion in cash dividends
18 February 10:11 AM Al Rajhi Bank proposes SAR 2.5/shr dividends for H2-17
Riyadh – Mubasher: Al Rajhi Bank’s board of directors recommended the distribution of SAR 4.06 billion in cash dividends with a dividend per share of SAR 2.5, representing 25% of the share’s par value, according to a statement to the Saudi Stock …
Net profits amounted to SAR 14.6 million during Q4-17
18 February 09:54 AM SAICO’s profit falls 17% in Q4
Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company (SAICO) on Sunday posted a 16.62% year-on-year drop in net profits for the fourth quarter of 2017. Net profits amounted to SAR 14.6 million during Q4-17, compared to SAR 17.53 …
Arabian Shield's capital will rise to SAR 300 million, up from SAR 200 million
15 February 05:25 PM Arabian Shield OKs 50% capital hike via bonus shares
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company’s board of directors on Thursday recommended raising capital by 50% or SAR 100 million through bonus shares. The capital of the insurance products and services provider will rise to …
The Saudi cement producer received the licence on 15 February 2018
15 February 04:11 PM Al Jouf Cement renews export licence for year
Riyadh – Mubasher: Al Jouf Cement Co. announced renewing its export licence, which it obtained in February 2017, for a year. The Saudi cement producer received the licence on 15 February 2018, according to a statement to the Saudi Stock Exchange …
The financial impact of suspending the third production line will appear as of January 2018
15 February 10:16 AM Najran Cement specifies financial impact of suspending production line
Riyadh – Mubasher: Saudi Arabia's Najran Cement Company on Thursday said that the financial impact of stopping the third production line and reoperating the second one is estimated to be SAR 11.3 million which represented additional fixed costs.  …
Beverly Clinics will start receiving patients starting from Thursday 15 February
14 February 05:18 PM Saudi German Hospitals opens SAR 22m outpatient clinics in Jeddah
Riyadh – Mubasher: The Saudi German Hospitals, owned by the Middle East Healthcare Company (MEAHCO), on Wednesday announced the launching of its outpatient clinics under the brand name of Beverly Clinics in Khalidiya District, Jeddah. With a total …
The Saudi Arabia-based firm plans to invest SAR 60 million at maximum in return of a 60% share in the new company
14 February 01:25 PM Tabuk Agriculture eyes SAR 60m acquisition
Riyadh - Mubasher: Tabuk Agriculture Development Company (TADCO) has signed a memorandum of understanding (MoU) with Ahmed Hussein Ahmed Al Amri Foundation to acquire a 60% stake of its new company which is under construction.  The Saudi …
The capital will be trimmed to SAR 472.5 million from SAR 630 million
14 February 11:50 AM Saudi Go's EGM OKs 25% capital reduction
Riyadh – Mubasher: Saudi Arabia's Etihad Atheeb Telecommunication (Go) on Wednesday announced that its extraordinary general meeting (EGM) on Tuesday, 13 February, approved reducing the company’s capital by 25%. The capital will be trimmed to SAR …
Mobily’s losses amounted to SAR 181.7 million in Q4-17
14 February 11:08 AM Mobily's loss rises 4.13% in Q4-17
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) on Wednesday said its net loss increased by 4.13% to 158.83% year-on-year during the fourth quarter of 2017. The company's losses amounted to SAR 181.7 million in Q4-17, compared to SAR 70.2 …
The MoU includes acquiring real estate assets with an initial assessed value of SAR 200 million
14 February 10:35 AM Saudi Batic to acquire SAR 200m assets
Riyadh – Mubasher: Saudi Arabia's Batic Investments and Logistics Company on Wednesday announced that it has signed a memorandum of understanding (MoU) on Tuesday, 13 February, with Abbar Company and Dar Al Abbar. The MoU entails …
Aldrees amended its results for 2017 based on IFRS changes
13 February 04:23 PM Aldrees amends results, posts 18.6% profit drop in Q4
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company on Tuesday announced amendments to its financial results for the fourth quarter of 2017 and annual results. Profits for the giant petroleum and transport services provider …
Al Sorayai Trading and Industrial Group stated that impact of the consolidation on its financial results will be negative
13 February 03:15 PM KSA mulls Al Sorayai Trading-The Home Styles merger
Riyadh – Mubasher: Saudi General Authority for Competition has sounded out experts about the merger of Al Sorayai Trading and Industrial Group and The Home Styles Company. The economic concentration was approved through a 100% merger of The Home …
There were no amendments on MSCI Saudi Arabia Small Cap Index.
13 February 02:19 PM MSCI removes SAIB from Saudi index for leading companies
Riyadh – Mubasher: Morgan Stanley Capital Index (MSCI) announced removing the Saudi Investment Bank (SAIB) from MSCI Saudi Arabia Index for leading companies. There were no amendments on MSCI Saudi Arabia Small Cap Index. MSCI Index for leading …
Net profits fell to SAR 42 million during Q4-17
13 February 12:05 PM Arabian Shield’s profit slides 6% in Q4
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company on Tuesday stated that its net profits declined 6.08% in the fourth quarter of 2017, compared to the year-ago period. Net profits fell to SAR 42 million during Q4-17, from SAR 44.7 …
Net profits tumbled to SAR 18.2 million during the fourth quarter of 2017
13 February 11:42 AM Saudi Re’s profit falls 57% in Q4
Riyadh – Mubasher: Saudi Re for Cooperative Reinsurance Co. on Tuesday said that its net profits tumbled 57.02% year-on-year in the fourth quarter of 2017. Net profits dropped to SAR 18.2 million during the fourth quarter of 2017, down from SAR …
The agreement entailed paying off the SAR 50 million loan
13 February 10:55 AM Saudi BSF reschedules Najran Cement’s loans
Riyadh – Mubasher: Najran Cement Company signed an agreement with Banque Saudi Fransi (BSF) to reschedule its existing loans on Monday, 12 February. The kingdom's fifth-largest bank by assets also approved to reschedule a SAR 50 million loan for …
The CITC will liquidate a  bank guarantee worth SAR 50 million presented by GO.
13 February 10:22 AM Saudi CITC to retrieve frequencies from Go
Riyadh – Mubasher: The Saudi Communications and Information Technology Commission (CITC) has informed Etihad Atheeb Telecommunication (Go) about retaking the frequencies 700 and 1800 MHz, formerly awarded to the Saudi Arabia-based telecoms …
The Saudi Arabia-based lender’s profits jumped to SAR 974 million during Q4-17
13 February 09:47 AM Riyad Bank posts SAR 974m profits in Q4
Riyadh – Mubasher: Riyad Bank on Tuesday stated that its net profits soared 232.42% in the fourth quarter of 2017, compared to the year-ago period. The Saudi Arabia-based lender’s profits jumped to SAR 974 million during Q4-17, from SAR 293 …
Net profits declined to SAR 101.17 million during Q4-17, from SAR 193.5 million in Q4-16, according to a bourse filing
13 February 09:29 AM Bupa’s profits go down 48% in Q4
Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance on Tuesday said that its net profits retreated 47.71% year-on-year in the fourth quarter of 2017. Net profits declined to SAR 101.17 million during Q4-17, from SAR 193.5 million in Q4-16, …
Malath Insurance turning profitable the Q4-17 and the full year 2017
12 February 06:18 PM Malath Insurance turns profitable in Q4
Riyadh - Mubasher: Malath Insurance on Monday announced turning profitable the fourth quarter of 2017 versus losses in the year-ago period. The insurance company achieved a net profit before Zakat of SAR 4.03 million in the final quarter of 2017 …
The total amount of the fee will be paid over the coming 14 years starting from 1 January 2019
12 February 05:42 PM Zain acquires SAR84m frequency brands
Riyadh - Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) on Monday announced that it has won a further spectrum in the frequency bands for a period of 15 years through its participation in an auction. The auction was conducted by …