Riyadh – Mubasher: Tabuk Cement Company on Sunday announced the appointment of Saoud bin Solaiman Al Juhni as the new chairman. Moreover, the company appointed new board members, including Abdulaziz bin Abdelrahman Al khamis as the deputy …
Riyadh – Mubasher: Riyad Bank’s net profits jumped by 81.2% to SAR 5.60 billion in 2019 from SAR 3.09 billion in 2018, according to the bank’s annual financial results for the period ended on 31 December 2019. The surge in the bank’s net profits …
Riyadh – Mubasher: Herfy Food Services Company on Sunday reported a net profit, after zakat and tax, worth SAR 196.08 million during the fiscal year ended 31 December 2019, down by 3.96% year-on-year (YoY) from SAR 204.16 million, the company’s …
Riyadh – Mubasher: The board of directors of Bank Aljazira recommended a cash dividend distribution of SAR 0.30 per share for the earnings of the second half of 2019. The total value of dividends amounted to SAR 246 million, excluding applicable …
Riyadh – Mubasher: Al Babtain Power and Telecommunication company has signed a SAR 100 million medium-term credit facility agreement with Saudi Investment Bank (SAIB) under the murabaha system. The three-year loan, which will be paid through …
Riyadh – Mubasher: Saudi Cable Company (SCC) announced that its rights issue shares were oversubscribed by 357%. The sale included 10.56 million shares at an average price of SAR 12.88 per share, the company said in a bourse filing on Sunday. …
Riyadh – Mubasher: The board of National Medical Care Company (NMC) recommended a cash dividend distribution of SAR 2 per share for the fiscal year ended 31 December 2019. Total dividends will amount to SAR 89.7 million and will be distributed on …
Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (Sadafco) reported a 26.95% year-on-year profit growth during the third quarter ended 31 December 2019. Net profits, after zakat and tax, rose to SAR 68.06 million in the October-December …
UAE – Mubasher: Emirates Airlines and Emaar have topped the YouGov Brand Index as the best and most reliable brands in the UAE during 2019. The two brands scored 84.5 and 80.5 points, respectively, in the overall ranking, according to a statement …
Riyadh – Mubasher: The net profits of Saudi Arabian Fertilizer Company (SAFCO) plunged by 40.5% to SAR 338.26 million during the fourth quarter of 2019 from SAR 568.53 million in the same period of 2018. The drop in the company’s net profit in the …
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Alhokair) received the General Authority for Competition’s (GAC) approval for its acquisition of the Innovative Union Company, owned by Food and Entertainment Company. The deal will have no …
Riyadh – Mubasher: Samba Financial Group has completed offering $500 million notes under its $5 billion Euro Medium Term Note Programme. The company issued seven-year 2,500 bonds at a nominal value of $200,000 apiece, according to a statement to …
Riyadh – Mubasher: Saudi Kayan Petrochemical Company announced turning to losses for the fiscal year ended 31 December 2019. The Saudi firm incurred net losses of SAR 636.7 million last year, against net profits of SAR 1.702 billion in 2018, …
Riyadh – Mubasher: Taiba Investments Company has signed a contract with Hilton Worldwide Holdings Inc to run and operate a new hotel in Jeddah under the DoubleTree Hilton brand. Under the contract, Hilton will operate the 250-room and …
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Sorayai Trading and Industrial Group (Al Sorayai) has approved an increase in the company’s capital through a priority rights issue of 11.3 million ordinary shares. The capital will …
Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) recommended a capital cut by 34.8% to amortise about SAR 122 million or 67.4% of the total accumulated losses. The new capital will reach SAR 228.5 million from SAR 350.5 …
Riyadh – Mubasher: The interim financial statements of Yanbu National Petrochemical Company (Yansab) revealed a 54.9% annual drop in profits during the fiscal year ended 31 December 2019. The net profits registered SAR 1.09 billion at the end of …
Riyadh – Mubasher: Rabigh Refining and Petrochemical Company’s (Petro Rabigh) board has accepted the resignation of the company’s chairman Abdulaziz Mohamed Al Judaimi effective 1 February 2020. The board also decided to name Ibrahim Qassem …
Riyadh – Mubasher: Takween Advanced Industries Company’s board has announced the appointment of Ali Hassan Al Jameel as CEO effective 2 February 2020. The appointment of Al Jameel takes place after the end of the commission of Jameel Abdullah Al …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is still considering to list its shares on a foreign stock exchange, following its recent initial public offering (IPO) on the local market, according to the Saudi Minister of Finance …
Riyadh – Mubasher: Saudi Telecom Company (stc) announced that it will distribute SAR 2 billion interim dividends to shareholders for the fourth quarter (Q4) of 2019. Dividends will be distributed at SAR 1 per share, representing 10% of the share’s …
Riyadh – Mubasher: Saudi Telecom Company (stc) has reported a marginal decline in net profit last year, as shown by the company’s interim consolidated condensed financial results for the 12-month period ending on 31 December 2019. Net profit after …
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) is among the world’s top ten central banks, according to Alinma Bank CEO Abdulmohsen Abdulaziz Al Fares. Al Fares added in his remarks during the 9th edition of the Riyadh Economic …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has reportedly sold a liquefied natural gas (LNG) cargo to South Korea’s S-Oil Corporation, through its trading arm Aramco Trading Company. The cargo was sold at around $4.40-$4.60 …
Riyadh – Mubasher: Saudi Paper Manufacturing (SPM) Company announced that its board of directors has approved the Chairman’s resolution to terminate the CEO’s contract. Moreover, the board has decided to appoint Khalid Abu Hana as the company’s …
