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5 hours ago Amana Cooperative Insurance applies for capital hike

Riyadh - Mubasher: Amana Cooperative Insurance has filed a request to the Capital Markets Authority of Saudi Arabia (CMA) to raise its capital. Amana is seeking to increase its capital, and it has appointed the National Commercial Bank’s NCB …

Companies Investments

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14 August 05:41 PM SAPTCO’s subsidiary obtains SAR 59m loan

Riyadh - Mubasher: Saudi Public Transport Company (SAPTCO) announced on Tuesday that its subsidiary Public Transport Company has acquired a SAR 59 million murabaha finance for six months from the Arab National Bank. The murabaha loan deal will …

Companies Investments

Total losses reached SAR 994.46 million ($265.2 million) in Q2-18

14 August 05:19 PM 40 Tadawul-listed firms end Q2 down

By: Thabet Shehata Riyadh – Mubasher: Forty companies listed on the Saudi Stock Exchange (Tadawul) registered losses during the second quarter of 2018. Total losses reached SAR 994.46 million ($265.2 million) in Q2-18, according to Mubasher's …

Trading Activities

The MoU aims at establishing a new passenger terminal at King Abdulaziz International Airport

14 August 12:14 PM Jabal Omar, Ground Services extend terminal MoU

Riyadh – Mubasher: Jabal Omar Development Company on Tuesday announced that it has extended a non-binding memorandum of understanding (MoU) with Saudi Ground Services Company (SGS) for one more year until 22 February 2019. The MoU aims at …

Companies Investments

DWF’s earnings increased to SAR 2.69 million

14 August 11:24 AM Saudi DWF records higher profits in Q2, H1

Riyadh – Mubasher: Development Works Food Co (DWF) achieved a growth of 2.4% in profits during the second quarter of 2018 compared to the same period last year. DWF’s earnings increased to SAR 2.69 million from SAR 2.63 million in the same quarter …

Financial Results

The deal saw trading of 104,500 shares at a value of SAR 28 per shares

13 August 03:10 PM Petrochem’s stock sees SAR 2.93m private deal Monday

Riyadh – Mubasher: A private transaction was executed on the National Petrochemical Company’s (Petrochem) stock at a value of SAR 2.93 million on Monday on the Saudi Stock Exchange (Tadawul). The deal saw trading of 104,500 shares at a value of …

Trading Activities

The situation in Turkey will have its repercussions in the GCC economies

13 August 11:59 AM Turkish crisis keeps special presence in UAE markets

By: Mahmoud Gamal Dubai – Mubasher: The diplomatic spat between Turkey and the US has stolen the limelight from the disclosures in the UAE markets. This tension began when Turkey refused to release an American evangelical pastor accused of being …

Trading Activities

The banking sector topped the QSE’s losers declining 3.59%

13 August 11:54 AM Turkish lira poses threat to QSE’s banking sector

Mubasher: The Qatar Stock Exchange (QSE) has been affected adversely by Turkey's currency crisis. The Qatari bourse ended Sunday’s trading session in negative territory, after the general index fell 251.86 points, or 2.55%, to 9,635 points. The …

Trading Activities

The firm will use the loan in financing its operating capital

12 August 04:09 PM Saudi Marketing renews SAR 204m loan deal with NCB

Riyadh – Mubasher: Saudi Marketing Company (Farm Superstores Co) on Sunday renewed a credit facility agreement with the National Commercial Bank (NCB) at a value of SAR 203.51 million. The finance period extends from April 2018 until the end of …

Banking and Finance

The project is expected to be completed on 6 June 2019

12 August 10:12 AM Saudi German Hospital finishes 38% of Dammam hospital

Riyadh – Mubasher: Saudi Arabia-based Middle East Healthcare Company (Saudi German Hospital) has announced completing about 38% of establishing its new hospital in Dammam. The project’s actual work started on 7 December 2016, while it is expected …

Companies Investments

SPMC’s losses rise 171% to SAR 10m during Q2

9 August 06:06 PM SPMC’s losses rise 171% to SAR 10m during Q2

Riyadh – Mubasher: Saudi Paper Manufacturing Company (SPMC) on Thursday reported a 171.05% increase in net losses for the second quarter of 2018, compared to the year-ago period. SPMC’s losses amounted to SAR 10.3 million during Q2-18, up from SAR …

Financial Results

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9 August 05:49 PM Northern Cement turns to losses in Q2

Riyadh - Mubasher: Northern Region Cement Company announced its financial results for the second quarter of the year. The company reported losses of SAR 6.69 million in Q2-18, versus profits of SAR 8.26 million for the same period last year. …

Financial Results

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9 August 05:42 PM Saudi Real Estate profits rise 46% in Q2

Riyadh - Mubasher: Saudi Real Estate Company (SREC) reported a 46.2% rise in profits for the second quarter of the year. Net profits amounted to SAR 30.27 million in Q2-18, compared with SAR 20.71 million for the same period last year, the company …

Financial Results

Al Babtain attributed the second-quarter profit drop to an increase in sales’ cost

9 August 05:33 PM Al Babtain profit dips 50% in Q2

Riyadh – Mubasher: Al Babtain Power and Telecommunication on Thursday posted a 50.2% year-on-year decrease in profits for the second quarter of 2018, recording SAR 20.5 million, down from SAR 41.2 million. Al Babtain attributed the second-quarter …

Financial Results

Batic’s profits amounted to SAR 1.94 million during Q2-18

9 August 05:12 PM Batic profit slumps 88% in Q2

Riyadh – Mubasher: Saudi Arabia-based Batic Investments and Logistics Co on Thursday announced a 87.9% year-on-year plunge in net profits during the second quarter of 2018. Batic’s profits amounted to SAR 1.94 million during Q2-18, down from SAR …

Financial Results

Jabal Omar’s net losses amounted to SAR 148.02 million in Q2-18

9 August 04:49 PM Jabal Omar’s losses rise 144% in Q2

Riyadh – Mubasher: Saudi Arabia-based Jabal Omar Development on Thursday posted a 143.5% year-on-year increase in net losses for the second quarter of 2018. Jabal Omar’s net losses amounted to SAR 148.02 million ($39.46 million) during Q2-18, up …

Financial Results

Al Jouf Cement incurred a net loss of SAR 13.7 million ($3.65 million) in Q2-18

9 August 03:41 PM Al Jouf Cement turns to loss during Q2, H1

Riyadh – Mubasher: Saudi Arabia-based Al Jouf Cement Company on Thursday reported swinging to loss during the second quarter of 2018, against posting profits in the year-ago period. Al Jouf Cement incurred a net loss of SAR 13.7 million ($3.65 …

Financial Results

The company’s net loss amounted to SAR 45 million during Q2-18

9 August 11:59 AM Emaar The Economic City turns to loss in Q2, H1

Riyadh – Mubasher: Saudi Arabia-based Emaar The Economic City on Thursday reported swinging to loss in the second quarter of 2018, against generating a profit in the year-ago period. The company’s net loss amounted to SAR 45 million during Q2-18, …

Financial Results

EPS amounted to 51 halalas during Q2-18

9 August 09:22 AM Al Tayyar Travel’s Q2 profit plunges 50%

Riyadh – Mubasher: Saudi Arabia-based Al Tayyar Travel Group on Thursday reported a 49.53% year-on-year decrease in net profits for the second quarter of 2018, registering SAR 107 million ($28.53 million), down from SAR 212 million ($56.52 …

Financial Results

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8 August 07:55 PM Ash-Sharqiyah Development narrows losses 57% in Q2

Riyadh - Mubasher: Ash-Sharqiyah Development has reported a decline in net losses by 57.16% for the second quarter of 2018, as shown by the company’s financial results. Losses reached SAR 1.66 million in Q2-18, compared with SAR 3.87 million for …

Financial Results

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8 August 06:55 PM Tabuk Cement turns to losses in Q2

Riyadh - Mubasher: Tabuk Cement Company has reported net losses of SAR 36.08 million in the second quarter of 2018, against profits of SAR 1.29 million for the same period last year. As for the first half of the year, losses amounted to SAR 47.3 …

Financial Results

The firm attributed the negative turn in its financials a drop in revenues

8 August 05:17 PM Saudi Market incurs SAR 12m loss in Q2

CoRiyadh – Mubasher: Saudi Market Company (Farm Superstores Co) on Wednesday reported turning to loss during the second quarter of 2018, against generating profits in the prior year period. Farm Superstores’ net loss amounted to SAR 11.86 million …

Financial Results

Red Sea International suffered SAR 10 million losses in Q2

8 August 05:09 PM Red Sea International posts SAR 10m losses in Q2

Riyadh – Mubasher: Red Sea International Co. on Wednesday reported losses for the second quarter and first half of 2018 due to lower revenues. The company suffered SAR 9.8 million ($2.61 million) in losses between April and June, up 75% from SAR …

The firm attributed the second-quarter profit increase to a rise in hotels' operating revenues

8 August 04:54 PM KHC logs SAR 243m profit during Q2

Riyadh – Mubasher: Kingdom Holding Company (KHC) on Wednesday posted a 12.2% year-on-year increase in net profits for the second quarter of 2018. KHC achieved a profit of SAR 242.7 million during Q2-18, up from SAR 216.3 million in Q2-17, …

Financial Results

Saudi German Hospital’s profits amounted to SAR 34.27 million during Q2-18

8 August 04:02 PM Saudi German Hospital’s profit drops 45% in Q2

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) on Wednesday reported a 44.68% year-on-year decline in its net profits for the second quarter of 2018. Saudi German Hospital’s profits amounted to SAR 34.27 million during …

Financial Results