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Nine companies reported SAR 31.45bn profit
10 August 09:38 PM Five Saudi companies post SAR 11.7bn profit in Q2-19
By: Thabet Shehata Riyadh – Mubasher: A handful of Tadawul-listed companies have recorded over a billion riyals in profits during the second quarter of 2019. Total profits of five Tadawul-listed companies declined by 19.78% to SAR 11.73 billion in …
Jazdaco incurred SAR 7 million loss in 6M
8 August 09:30 PM Jazadco sustains SAR 1.7m loss in Q2-19
Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) turned to loss during the second quarter of 2019, recording SAR 1.77 million. The company attributed its loss to the increase in the cost of sales and the growth in general and …
FIPCO’s loss surged 92% QoQ
8 August 07:23 PM FIPCO incurs SAR 4.8m loss in Q2-19
Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) turned to loss during the second quarter of 2019. The company’s loss reached SAR 4.8 million in Q2-19, according to a bourse statement released on Thursday. …
Profit dropped to SAR 3.73m in 6M
8 August 07:06 PM Batic’s profit goes down in Q2-19
Riyadh – Mubasher: Saudi Arabia-based Batic Investments and Logistics Company posted a 7.3% year-on-year profit decline during the second quarter of 2019, recording SAR 1.8 million. The decline in the company’s profit was attributed to the decline …
Net profits after zakat and tax fell by 29% to SAR 21.5 million in Q2-19
8 August 05:00 PM Al Akaria’s Q2 profits fall 29%
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) posted its interim financial results for the second quarter of 2019. Net profits after zakat and tax fell by 29% to SAR 21.5 million in Q2-19, compared to SAR 30.3 in Q2-18, according to the …
Ma’aden Marketing has received the applicable regulatory approval to acquire 8a5% of Meridian Group
8 August 04:17 PM Ma’aden’s unit abstains required approvals to acquire Meridian Group
Riyadh – Mubasher: Ma’aden Marketing and Distribution Company, which is fully owned by Saudi Arabian Mining Company (Ma’aden), has received the applicable regulatory approval to complete the transaction to acquire 8a5% of Meridian Group. The …
The company incurred losses worth SAR 27.7 million during Q2-19
8 August 12:06 PM Saudi Enaya incurs SAR 27m losses in 3M
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company (Saudi Enaya) reported its initial financial results for the second quarter of 2019. The company incurred losses worth SAR 27.7 million during Q2-19, against profits of SAR 23.4 million …
Net profits plunged by 29.01% to SAR 6.7 million in Q2-19
8 August 11:31 AM Allianz SF’s Q2 profits fall 29%
Riyadh – Mubasher: Allianz Saudi Fransi Cooperative Insurance Company (Allianz SF) reported its interim financial statements for the second quarter of 2019. Net profits plunged by 29.01% to SAR 6.7 million in Q2-19, compared to SAR 9.5 million in …
The company moves to losses with SAR 8.61 million during Q2-19
8 August 11:00 AM Methanol Chemicals swings to losses in 6M
Riyadh – Mubasher: Methanol Chemicals Company disclosed its interim financial results for the second quarter of 2019. The company moves to losses with SAR 8.61 million during Q2-19, versus profits of SAR 31.63 million in Q2-18, according to a …
Net profits retreated by 62.7% to SAR 3.82 million in Q2-19
8 August 10:39 AM Chubb Arabia generates SAR 13m profits in H1
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company announced its initial financial statements for the second quarter of 2019. Net profits retreated by 62.7% to SAR 3.82 million in Q2-19, compared to SAR 10.2 million in Q2-18, according …
The company suffered SAR 1.89 million in losses during Q2-19
8 August 09:52 AM National Gypsum turns to losses in Q2
Riyadh – Mubasher: National Gypsum Company posted its interim financial results for the second quarter of 2019. The company suffered SAR 1.89 million in losses during Q2-19, against profits of SAR 1.18 million in Q2-18, according to a recent …
The recent announcement has no financial impact
7 August 07:01 PM Al Ahsa Development extends MoU to acquire medical firm
Riyadh – Mubasher: Al Ahsa Development Company has extended a memorandum of understanding (MoU) to acquire Al Salam Medical Services Company for 92 days until 28 November. The company attributed the MoU extension to complete documents required for …
The bank swung to losses with SAR 284.7 million in Q2-19
7 August 05:40 PM SAIB swings to losses in Q2
Riyadh – Mubasher: Saudi Investment Bank (SAIB) disclosed its interim financial results for the second quarter of 2019. The bank swung to losses with SAR 284.7 million in Q2-19, against profits of SAR 336.8 million in Q2-18, according to the …
Total revenues inched up 0.4% year-on-year to SAR 402.5 million in Q2-19
7 August 04:46 PM Saudi Marketing turns profitable in 3M
Riyadh – Mubasher: Saudi Marketing Company announced its interim financial statements for the second quarter of 2019. The company turned profitable with SAR 3.7 million in Q2-19, against losses of SAR 11.26 million in Q2-18, according to the …
Net losses after zakat and tax hiked by 134.6% to SAR 115 million in Q2-19
7 August 04:19 PM Emaar The Economic City Q2 losses deepen 135%
Riyadh – Mubasher: Emaar The Economic City announced its initial financial results for the second quarter of 2019. Net losses after zakat and tax hiked by 134.6% to SAR 115 million in Q2-19, from SAR 49 million in Q2-18, according to a bourse …
RAK Ceramics currently has no plans to expand in India
7 August 04:08 PM RAK Ceramics eyes expansion in Saudi Arabia - Interview
By: Mahmoud Gamal Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics), listed on the Abu Dhabi Securities Exchange (ADX), is looking to extend its presence in the Saudi Arabian market, the company’s CEO Abdullah Massaad said. The company …
Net profits after zakat and tax plunged by 64.1% to SAR 12.28 million in Q2-19
7 August 04:03 PM Saudi German Hospital’s profits fall 78% in 6M
Riyadh – Mubasher: Middle East Healthcare Company, known as Saudi German Hospital (SGH), posted its interim financial results for the second quarter of 2019. Net profits after zakat and tax plunged by 64.1% to SAR 12.28 million in Q2-19, compared …
The transaction will see an exchange of non-core receivables valued at SAR 340 million
7 August 03:34 PM Alhokair to acquire franchise rights of 10 brands by end-2019
Riyadh – Mubasher:  Fawaz Abdulaziz Alhokair & Co., the leading fashion franchise retailer, plans to acquire franchise rights of 10 profitable international food and beverage brands from Food and Entertainment Company by the fourth quarter of …
Trade balance declined by 13% QoQ in Q1-19
7 August 03:26 PM Kuwait’s current account surplus rises in Q1-19
Mubasher: Kuwait’s current account surplus increased to around KWD 2 billion during the first quarter of 2019, compared to KWD 1.8 billion a quarter earlier, according to a report released on Wednesday by the National Bank of Kuwait (NBK). The …
The company will pay SAR 110.7 million for Q2-19
7 August 01:57 PM Saudi Catering to pay SAR 1.35/shr dividends for Q2
Riyadh – Mubasher: The board of directors of Saudi Airlines Catering Company recommended distributing 13.5% cash dividends to its shareholders for the second quarter of 2019. The company will pay dividends worth SAR 110.7 million, or SAR 1.35 per …
Net profits grew 11.15% to SAR 30.9 million in Q2-19
7 August 01:37 PM Saudi Chemical generates SAR 1.6bn revenues in H1
Riyadh – Mubasher: Saudi Chemical Company posted its initial financial results for the second quarter of 2019. Net profits after zakat and tax grew 11.15% to SAR 30.9 million in Q2-19, compared to SAR 27.8 million in Q2-18, according to the …
Net profits of Alandalus rose by 8.32%in H1
7 August 01:19 PM Alandalus Property’s Q2 profits grow 24%
Riyadh – Mubasher: Alandalus Property Company disclosed its consolidated interim financial results for the second quarter of 2019. Net profits after zakat and tax grew by 24.4% to SAR 15.13 million in Q2-19, compared to SAR 12.16 million in Q2-18, …
Net profits hiked by 136.3% in Q2-19
7 August 12:51 PM United Cooperative turns profitable in 6M
Riyadh – Mubasher: United Cooperative Assurance Company (UCA) disclosed its interim financial statements for the second quarter of 2019. Net profits hiked by 136.3% to SAR 7.28 million in Q2-19, compared to SAR 3.08 million in Q2-18, according to …
Nama  moved to losses recoding SAR 1.02 million in Q2-19
7 August 12:00 PM Nama Chemicals swings to losses in Q2
Riyadh – Mubasher: Nama Chemicals Company disclosed its initial financial results for the second quarter of 2019. The company moved to losses recoding SAR 1.02 million in Q2-19, against profits of SAR 23.4 million in Q2-18, according to a bourse …
Saudi Catering generated SAR 1.06 billion in revenues in H1-19
7 August 11:38 AM Saudi Catering posts SAR 117m profits in 3M
Riyadh – Mubasher: Saudi Airlines Catering Company announced its interim financial results for the second quarter of 2019. Net profits after zakat and tax inched down 2.6% to SAR 117.1 million in Q2-19, compared to SAR 120.3 million in Q2-18, …