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05:48 PM Takween logs 557% jump in Q3 profits’ accumulated losses cross 28%
Riyadh – Mubasher: Takween Advanced Industries Company achieved an annual surge of 556.6% in net profits after Zakat and tax to SAR 40.34 million in the third quarter (Q3) of 2021 from SAR 6.14 million. Revenues soared by 21% to SAR 222.45 million …
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05:39 PM Yanbu Cement’s Q3 profits shrink 56%
Riyadh – Mubasher: Yanbu Cement Company logged a year-on-year (YoY) decrease of 55.8% in net profits to SAR 36.4 million during the third quarter (Q3) of 2021 from SAR 82.48 million. Revenues declined by 13.5% YoY to SAR 207.78 in Q3-21 from SAR …
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05:21 PM stc records SAR 3bn profits in Q3, to pay SAR 2bn dividends
Riyadh – Mubasher: Saudi Telecom Company (stc) registered net profits after Zakat and tax of SAR 2.92 billion in the third quarter (Q3) of 2021, rising by 5.7% from SAR 2.76 billion in Q3-20. Revenues increased year-on-year (YoY) by 5.7% to SAR …
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01:59 PM Nadec turns profitable in Q3, incurs losses in nine months
Riyadh –Mubasher: National Agricultural Development Company (Nadec) registered net profits after Zakat and tax worth SAR 3.21 million in the third quarter (Q3) of 2021, versus losses of SAR 44.89 million in Q3-20. Revenues went up 0.7% to SAR …
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12:23 PM SADAFCO logs lower profits at SAR 54m in Q2-21/22
 Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) recorded net profits after Zakat and tax worth SAR 53.7 million in the second quarter (Q2) of fiscal year (FY) 2021/2022. This marked a decline of 23.5% from SAR 70.26 million in …
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11:31 AM Arriyadh Development records SAR 71m profits in Q3-21
Riyadh – Mubasher: Arriyadh Development Company achieved net profits after Zakat and tax worth SAR 70.8 million during the third quarter (Q3) of 2021, rising by 28.4% from SAR 55.1 million in Q3-20. Sales rose by 3.6% to SAR 61.9 million in Q3-21 …
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10:50 AM Banan Real Estate’s shareholders nod to H1-21 dividends
Riyadh – Mubasher: The shareholders of Banan Real Estate Company have approved the board’s recommendation of distributing a cash dividend of SAR 0.25 per share for the first half (H1) of 2021. The total dividend payout amount stands at SAR 5 …
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20 October 05:27 PM SAIB plans redemption of SAR 500m sukuk
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) intends to redeem its outstanding SAR 500 million Additional Tier 1 Capital Sukuk on 21 November. The Sukuk was issued through a private placement on 21 November 2016, according to a bourse …
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20 October 04:38 PM Makkah Construction turns profitable in Q3-21
Riyadh – Mubasher: Makkah Construction and Development Company achieved net profits after Zakat and tax of SAR 12 million in the third quarter (Q3) of 2021, versus losses of SAR 29 million in Q3-20. Sales jumped 800% to SAR 45 million in Q3-21 …
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20 October 04:16 PM Bank Albilad records SAR 450m profits in Q3-21
Riyadh – Mubasher: Bank Albilad achieved net profits worth SAR 449.7 million during the third quarter (Q3) of 2021, up by 17.5% from SAR 382.6 million in Q3-20. On a quarterly basis, the net profits were 8% higher than SAR 416.1 million in Q2-21, …
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20 October 12:05 PM Thimar inks framework deal with Al Khair Capital
Riyadh – Mubasher: National Agricultural Marketing Company (Thimar) has signed a framework agreement with Al Khair Financial Company (Al Khair Capital) on 19 October. The agreement aims to provide advisory services that contribute to achieving …
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20 October 10:44 AM Gulf Union Alahlia plans SAR 229.5m capital raise
Riyadh – Mubasher: The board of Gulf Union Alahlia Cooperative Insurance Company recommended a capital increase through a right issues, according to a bourse disclosure on Wednesday. The company intends to raise the capital by SAR 229.47 million …
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20 October 09:38 AM Advanced Petrochemical to pay SAR 141m dividends for Q3
Riyadh – Mubasher: The board of Advanced Petrochemical Company decided to distribute a cash dividend of SAR 0.65 per share, representing 6.5% of the share’s par value, for the third quarter (Q3) of 2021. The company will pay a total amount of SAR …
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20 October 09:09 AM Sipchem turns profitable at nearly SAR 2.3bn in nine months
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) achieved net profits after Zakat and tax worth SAR 2.27 billion during the first nine months of 2021, against losses of SAR 141.8 million in the same period a year ago. …
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19 October 05:02 PM Saudi Fisheries pens deal with ARASCO
Riyadh – Mubasher: The Saudi Fisheries Company has signed a non-binding memorandum of understanding (MoU) with the Arabian ‎Agricultural Services Company (ARASCO) on 19 October. The renewable deal will be effective for six months from the date of …
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19 October 04:49 PM solutions by stc logs SAR 257m profits in Q3
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions by stc) achieved net profits after Zakat and tax worth SAR 257 million during the third quarter (Q3) of 2021, up by 7% from SAR 240 million in Q3-20. Revenues …
During signing Mobily-Ericsson agreement
19 October 01:06 PM Mobily partners with Ericsson to recycle electronic devices
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) has signed an agreement with Ericsson to recycle expired and discarded electronic devices across the Kingdom. The partnership, which was concluded during GITEX 2021, aims to contribute to …
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19 October 12:20 PM Amiantit’s CEO submits resignation
Riyadh – Mubasher: Saudi Arabian Amiantit Company has accepted the resignation of its CEO, Solaiman Abdulaziz Al Twaijri, on 18 October. The resignation of Al Twaijri will be effective as of 1 November 2021 as his last working day will be 31 …
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19 October 11:53 AM Yamama Cement’s profits shrink 58% in Q3
Riyadh – Mubasher: Yamama Cement Company posted a plunge of 58% in net profits after Zakat and tax to SAR 39.97 million during the third quarter (Q3) of 2021 from SAR 95.31 million in Q3-20. Revenues also decreased by 31.6% to SAR 170.66 million …
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19 October 10:46 AM Mobily records SAR 751m profits in nine months
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) achieved net profits after Zakat and tax worth SAR 751 million during the first nine months of 2021, higher by 39.8% than SAR 537 million in the same period last year. Earnings per share stood at …
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19 October 10:23 AM Thimar announces resignation of CEO
Riyadh – Mubasher: The National Agricultural Marketing Company (Thimar) has accepted the resignation of its CEO, Sari bin Ibrahim Al Mayouf, on 18 October. Al Mayouf has submitted the resignation letter on 15 October, on which it will take effect, …
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18 October 05:38 PM Arabian Centres, Alhokair complete acquisition of 51% stake in VogaCloset
Riyadh – Mubasher: Arabian Centres Company and Fawaz Abdulaziz Alhokair Company have concluded the acquisition of 51% equity in the e-commerce platform VogaCloset Limited. Each company will acquire 39,253 ordinary shares in Vogacloset for SAR 68.9 …
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18 October 05:06 PM Saudi Paper’s board proposes SAR 145m capital raise
Riyadh – Mubasher: The board of Saudi Paper Manufacturing Company has recommended on 18 October to increase the capital through a rights issue. The company plans to raise the capital by SAR 145 million to support its expansion plans and future …
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18 October 02:07 PM Tihama appoints Chairman, Vice Chairman
Riyadh – Mubasher: The board of Tihama Advertising and Public Relations Company has decided to appoint Sultan Salahuddin Abdul Azim as the Chairman of the company starting 14 October 2021. The board also named Ibrahim Mohammed Ibrahim Al Shabib as …
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18 October 12:44 PM Watani Iron Steel secures SAR 25m loan from Alinma Bank
Riyadh – Mubasher: Watani Iron Steel Company has obtained a short-term credit facility worth SAR 25 million from Alinma Bank. The company has secured the Sharia-compliant loan on 27 September 2021 to finance its working capital, according to a …