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2 hours ago Seera posts 7% YoY higher net profit in Q1-24
Riyadh – Mubasher: Seera Group Holding’s net profit grew 7.01% year-on-year (YoY) to SAR 61 million in the first quarter (Q1) of 2024 from SAR 57 million. Revenues surged 35.76% YoY to SAR 1.07 billion in Q1-24 from SAR 794 million, according to …
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3 hours ago Sinad Holding posts SAR 14m losses in Q1-24; accumulated losses reported
Riyadh – Mubasher: Sinad Holding Company registered SAR 14 million in net loss during the first quarter (Q1) of 2024, an annual plunge of 34.88% from SAR 21.50 million. The revenues hit SAR 443.90 million in the January-March 2024 period, up 6.37% …
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14 May 03:58 PM CMA greenlights capital hike of Budget Saudi, Bena Steel Industries
Riyadh – Mubasher: The Capital Market Authority (CMA) passed the requests of United International Transportation Company (Budget Saudi) and Bena Steel Industries Company to increase their capital. Budget Saudi will raise its capital to SAR 781.66 …
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14 May 02:30 PM Mouwasat generates SAR 171.5m net profits in Q1-24
Riyadh – Mubasher: The net profits of Mouwasat Medical Services Company climbed by 2.98% year-on-year (YoY) to SAR 171.58 million in the first quarter (Q1) of 2024 from SAR 166.61 million. The revenues hit SAR 722.78 million in Q1-24, up 8.81% …
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14 May 02:07 PM Taiba Investments logs 78% YoY profit surge in Q1-24
Riyadh – Mubasher: The net profit of Taiba Investments Company soared 78.05% year-on-year (YoY) in net profit to SAR 110.50 million during the first quarter (Q1) of 2024 from SAR 62.06 million. Revenues leapt 199.27% YoY to SAR 332.07 million in …
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14 May 02:02 PM eXtra unveils 3 key appointments
Riyadh – Mubasher: United Electronics Company (eXtra) named Yousef Ali Zaid Al Quraishi as the board’s Chairman for the next three years. The Saudi firm also appointed Fozan Mohammed Ahmed Al Fozan as the Vice Chairman, according to a bourse …
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14 May 12:30 PM Hail Cement’s net profit dips 19% YoY in Q1-24
Riyadh – Mubasher: Hail Cement logged an 18.95% year-on-year (YoY) plunge in net profit to SAR 15 million in the first quarter (Q1) of 2024 from SAR 18.51 million. Revenues leapt 19.29% YoY to SAR 73.78 million in Q1-24 from SAR 61.85 million, …
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14 May 12:20 PM Petro Rabigh incurs SAR 1.3bn losses in Q1-24; accumulated losses hit 46.5% of capital
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) registered SAR 1.36 billion in net loss during the first quarter (Q1) of 2024, an annual leap of 41.59% from SAR 964 million. The revenues hit SAR 7.98 billion in the …
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14 May 11:58 AM Zain KSA pens SAR 1.6bn facilities with Al Rajhi Bank
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) has signed SAR 1.62 billion banking facilities with Al Rajhi Bank The funding aims to enhance the company’s network infrastructure and cash flow to help improve its …
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14 May 11:42 AM SAPTCO suffers higher losses in Q1-24; accumulated losses unveiled
Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) incurred 2.59% year-on-year (YoY) higher net losses at SAR 48.62 million in the first quarter (Q1) of 2024, compared to SAR 47.39 million. The Saudi firm generated revenues amounting to …
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14 May 11:06 AM Emaar The Economic City sustains 106% YoY higher loss in Q1-24; accumulated losses near SAR 5.3bn
Riyadh – Mubasher: Emaar The Economic City incurred a net loss of SAR 352 million in the first quarter (Q1) of 2024, up 105.84 year-on-year (YoY) from SAR 171 million. Revenues plunged 52.22% YoY to SAR 75 million in Q1-24 from SAR 157 million, …
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14 May 10:22 AM Ma’aden records 134% higher profits in Q1-24; revenues down
Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) achieved net profits valued at SAR 981.69 million in the first quarter (Q1) of 2024, up 134.05% from SAR 419.41 million a year earlier. Revenues declined by 8.66% year-on-year (YoY) to SAR …
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13 May 04:56 PM Morabaha Marina Financing's net profit drops 75% YoY in Q1-24
Riyadh – Mubasher: Morabaha Marina Financing Company posted a 74.99% year-on-year (YoY) plunge in net profit to SAR 3.80 million in the first quarter (Q1) of 2024 from SAR 15.20 million. Revenues grew 3.23% YoY to SAR 44.70 million in Q1-24 from …
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13 May 03:39 PM Almunajem Foods sees 39% higher net profits in Q1-24
Riyadh – Mubasher: Almunajem Foods Company registered a 39.19% leap in net profit to SAR 114 million during the first quarter (Q1) of 2024, compared to SAR 81.90 million in Q1-23. Revenues edged up by 0.09% to SAR 902.90 million as of 31 March …
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13 May 03:08 PM Othaim Markets unveils lower profits in Q1-24, dividends
Riyadh – Mubasher: Abdullah Al Othaim Markets Company posted an annual decline of 2.98% in net profit to SAR 116.43 million during the first quarter (Q1) of 2024, compared to SAR 120.01 million. Revenues increased by 9.03% year-on-year (YoY) to …
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13 May 02:03 PM Riyadh Cables achieves SAR 169m in Q1-24 interim financials
Riyadh – Mubasher: Riyadh Cables Group Company generated 35.31% year-on-year (YoY) higher net profits at SAR 168.99 million in the first quarter (Q1) of 2024, compared to SAR 124.89 million. The revenues stood at SAR 2.03 billion in January-March …
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13 May 01:27 PM Dallah Healthcare reports 26% YoY profit hike in Q1-24
Riyadh – Mubasher: Dallah Healthcare Company logged a 26.03% year-on-year (YoY) jump in net profit to SAR 119.30 million in the first quarter (Q1) of 2024 from SAR 94.66 million. Revenues grew 9.40% YoY to SAR 784.06 million in Q1-24 from SAR …
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13 May 01:13 PM Sipchem’s affiliate firm secures SAR 1.5bn loan from 2 banks
Riyadh – Mubasher: An affiliate company to Sahara International Petrochemical Company (Sipchem) has signed agreements to secure SAR 1.52 billion in financing from Banque Saudi Fransi and Al Rajhi Bank. With an eight-year maturity, the new loan …
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13 May 01:12 PM City Cement registers 51% higher profits in Q1-24
Riyadh – Mubasher: The net profits of City Cement Company jumped by 50.75% year-on-year (YoY) to SAR 41.59 million during the first quarter (Q1) of 2024 from SAR 27.58 million. The Tadawul-listed firm posted revenues valued at SAR 119.82 million …
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13 May 12:30 PM MedGulf’s net profit drops 27% YoY in Q1-24; accumulated losses hit SAR 231m
Riyadh – Mubasher: The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) reported a 27.44% year-on-year (YoY) decline in net profit to SAR 26.26 million in the first quarter (Q1) of 2024 from SAR 36.19 million. Insurance revenues …
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13 May 11:33 AM Aljazira Takaful Taawuni logs 79% YoY higher profit in Q1-24
Riyadh – Mubasher: The net profit after Zakat attributable to shareholders of Aljazira Takaful Taawuni Company soared 79.41% year-on-year (YoY) to SAR 12.78 million in the first quarter (Q1) of 2024 from SAR 7.12 million. Insurance revenues leapt …
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13 May 11:15 AM Saudi Ground Services logs 78% higher profits in Q1-24
Riyadh – Mubasher: Saudi Ground Services Company posted net profits valued at SAR 71.16 million in the first quarter (Q1) of 2024, marking a 77.71% surge from SAR 40.04 million in Q1-23. The revenues hit SAR 653.19 million in Q1-24, up 15.84% …
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13 May 10:00 AM Arabian Drilling’s net profit rises over 3% YoY in Q1-24
Riyadh – Mubasher: Arabian Drilling posted a 3.54% year-on-year (YoY) increase in net profit to SAR 146 million in the first quarter (Q1) of 2024 from SAR 141 million. Revenues surged 24.13% YoY to SAR 967 million in Q1-24 from SAR 779 million, …
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12 May 05:18 PM Saudi Cement achieves nearly SAR 114m net profits in Q1-24
Riyadh – Mubasher: Saudi Cement Company registered net profits worth SAR 113.80 million during the first quarter (Q1) of 2024, signalling an 8.07% decline from SAR 123.80 million in Q1-23. The earnings per share (EPS) edged lower to SAR 0.74 at …
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12 May 04:44 PM Yanbu Cement records SAR 58m net profits in Q1-24 on higher sales
Riyadh – Mubasher: Yanbu Cement Company achieved a 14.31% growth in net profit to SAR 58.31 million during the first quarter (Q1) of 2024 from SAR 51.01 million in Q1-23. The cement manufacturer attributed the annual increase in Q1-24 net profit …