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8 August 03:26 PM Saudi Cement’s profits down 4% in H1-24; revenues hit SAR 805m

Riyadh – Mubasher: Saudi Cement Company posted 3.77% lower net profits at SAR 201.10 million in the first half (H1) of 2024, compared to SAR 209 million. The Tadawul-listed firm generated revenues amounting to SAR 804.70 million in H1-24, up 5.06% …

Financial Results

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8 August 03:01 PM Tabuk Cement posts SAR 47.5m net profits in H1-24

Riyadh – Mubasher: Tabuk Cement Company recorded net profits valued at SAR 47.45 million in the first half (H1) of 2024, higher by 61.89% year-on-year (YoY) than SAR 29.31 million. Earnings per share (EPS) reached SAR 0.53 as of 30 June 2024, …

Financial Results

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8 August 02:40 PM Al Akaria’s losses shrink in H1-24 initial results

Riyadh – Mubasher: The net losses of Saudi Real Estate Company (Al Akaria) dropped by 84.66% year-on-year (YoY) to SAR 11.30 million in the first half (H1) of 2024, compared to SAR 73.70 million. The revenues amounted to SAR 809.90 million in …

Financial Results

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8 August 02:20 PM Northern Region Cement sees 53% higher profits in H1-24

Riyadh – Mubasher: Northern Region Cement Company generated net profits valued at SAR 63.40 million in the first half (H1) of 2024, higher by 53.34% year-on-year (YoY) than SAR 41.34 million. The revenues hit SAR 286.64 million in H1-24, marking a …

Financial Results

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8 August 02:03 PM Burjeel Holdings unveils H1-24 financials, Saudi expansion plans

Abu Dhabi – Mubasher: Burjeel Holdings achieved net profits valued at AED 168.87 million in the first half (H1) of 2024, down year-on-year (YoY) from AED 224.71 million. Revenue hiked by 10% to AED 2.38 billion in January-June 2024 from AED 2.16 …

Financial Results

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8 August 01:35 PM SEC achieves higher profits at SAR 5.2bn in H1-24

Riyadh – Mubasher: Saudi Electricity Company (SEC) posted 16.56% year-on-year (YoY) higher net profits at SAR 5.24 billion in the first half (H1) of 2024, compared to SAR 4.49 billion. The group generated revenues valued at SAR 38.23 billion in …

Financial Results

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8 August 01:04 PM Yamama Cement logs nearly SAR 200m profits in H1-24

Riyadh – Mubasher: Yamama Cement Company recorded 5.24% lower net profits at SAR 199.65 million in the first half (H1) of 2024, compared to SAR 210.70 million in H1-23. Revenues amounted to SAR 517.43 million in H1-24, marking a 3.73% year-on-year …

Financial Results

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8 August 11:39 AM Malath Insurance’s insurance revenues down 11%; accumulated losses unveiled

Riyadh – Mubasher: Malath Cooperative Insurance Company (Malath Insurance) posted net profits after Zakat attributable to the owners valued at SAR 11.59 million in the first half (H1) of 2024. The recorded net profit shrank by 77.84% year-on-year …

Banking and Finance

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8 August 10:27 AM Najran Cement’s net profits fall to SAR 29m in H1-24

Riyadh – Mubasher: Najran Cement Company witnessed an annual drop of 20.09% in net profit to SAR 29.04 million during the first half (H1) of 2024, compared to SAR 36.34 million. The Tadawul-listed firm posted revenues amounting to SAR 251.39 …

Financial Results

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8 August 10:01 AM Kingdom Holding records hike in H1-24 profits at SAR 821m

Riyadh – Mubasher: Kingdom Holding Company logged net profits amounting to SAR 820.39 million in the first half (H1) of 2024, marking an annual leap of 76.43% from SAR 464.99 million. The revenues hit SAR 1.21 billion in H1-24, lower by 11.27% …

Financial Results

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8 August 09:42 AM ADNOC Distribution’s H1-24 profits to owners exceed AED 1.1bn; dividends announced

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) recorded net profits attributable to the owners valued at AED 1.17 billion in the first half (H1) of 2024. The generated net profits were higher by 7.70% …

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8 August 09:00 AM Petro Rabigh announces H1-24 financials; Aramco to become largest shareholder

Riyadh – Mubasher: The net losses of Rabigh Refining and Petrochemical Company (Petro Rabigh) hiked by 14.12% year-on-year (YoY) to SAR 2.46 billion in the first half (H1) of 2024 from SAR 2.16 billion. The revenues amounted to SAR 17.99 billion …

Mergers and Acquisitions

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7 August 04:30 PM Dallah Healthcare’s H1-24 profits leap to SAR 231m

Riyadh – Mubasher: Dallah Healthcare Company achieved net profits amounting to SAR 231.14 million in the first half (H1) of 2024, marking an annual plunge of 56.52% from SAR 147.66 million. The revenues hit SAR 1.54 billion in H1-24, higher by …

Board of Directors

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7 August 04:18 PM Alandalus Property shifts to net losses in H1-24

Riyadh – Mubasher: Alandalus Property Company turned to net losses valued at SAR 6.53 million in the first half (H1) of 2024, against profits worth SAR 25.91 million in H1-23. The revenues amounted to SAR 111.71 million in H1-24, an annual growth …

Financial Results

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7 August 04:00 PM SRMG’s profits fall to SAR 168m in H1-24 results

Riyadh – Mubasher: Saudi Research and Media Group (SRMG) posted 44.38% lower net profits at SAR 168.28 million in the first half (H1) of 2024, compared to SAR 302.59 million. The media group registered revenues valued at SAR 1.66 billion in H1-24, …

Financial Results

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7 August 03:40 PM Dar Al Arkan posts nearly SAR 319m profits in H1-24

Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company generated SAR 318.71 million in net profit during the first half (H1) of 2024, an annual rise of 20.67% from SAR 264.10 million. The revenues hit SAR 1.82 billion in H1-24, up 14.83% …

Financial Results

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7 August 03:22 PM Saudi Home Loans logs higher profits in H1-24 initial results

Riyadh – Mubasher: Saudi Home Loans Company (SHL) recorded net profits amounting to SAR 10.65 million in the first half (H1) of 2024, down 111.32% year-on-year (YoY) from SAR 5.04 million. Earnings per share (EPS) reached SAR 0.11 as of 30 June …

Financial Results

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7 August 03:08 PM Morabaha Marina Financing records decline in H1-24 profits

Riyadh – Mubasher: The net profits of Morabaha Marina Financing Company fell by 64.26% to SAR 8.55 million in the first half (H1) of 2024 from SAR 28.50 million, according to the financial results. The Saudi firm achieved revenues valued at SAR …

Financial Results

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7 August 02:47 PM Jamjoom Pharma’s profits rise 23% in H1-24; dividends unveiled

Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) logged net profits amounting to SAR 209.92 million in the first half (H1) of 2024, marking an annual plunge of 22.99% from SAR 170.67 million. The revenues hit SAR 731.20 …

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7 August 02:20 PM Walaa Cooperative Insurance records higher profits in H1-24

Riyadh – Mubasher: Walaa Cooperative Insurance Company logged net profits after Zakat attributable to the owners valued at SAR 64.30 million in the first half (H1) of 2024, an annual rise of 2.14% from SAR 62.95 million. Earnings per share (EPS) …

Banking and Finance

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7 August 01:21 PM Saudi Ground Services reports leap in H1-24 profits to SAR 149.5m

Riyadh – Mubasher: The net profits of Saudi Ground Services Company hiked by 66.26% to SAR 149.59 million in the first half (H1) of 2024 from SAR 89.97 million in H1-23. The company posted 12.54% year-on-year (YoY) higher revenues at SAR 1.33 …

Financial Results

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7 August 12:32 PM Arabian Drilling’s profits cross SAR 166m in H1-24; dividends approved

Riyadh – Mubasher: Arabian Drilling logged net profits amounting to SAR 166.43 million in the first half (H1) of 2024, marking an annual plunge of 40.93% from SAR 281.76 million. The revenues hit SAR 1.90 billion in H1-24, higher by 21.40% …

Financial Results

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7 August 11:43 AM Mouwasat’s profits up in H1-14; revenues surpass SAR 1.4bn

Riyadh – Mubasher: Mouwasat Medical Services Company recorded an annual rise of 2.24% in net profit to SAR 324.28 million in the first half (H1) of 2024, versus SAR 317.15 million. The Saudi group achieved revenues valued at SAR 1.41 billion in …

Financial Results

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7 August 09:57 AM Savola Group’s profits exceed SAR 484m in H1-24; revenues decline 5%

Riyadh – Mubasher: Savola Group witnessed 7.75% lower net profits at SAR 484.10 million in the first half (H1) of 2024, versus SAR 524.80 million, according to the financial results. The Saudi group achieved revenues valued at SAR 13.15 billion in …

Financial Results

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7 August 09:00 AM Cenomi Centers logs SAR 539.5m profits in H1-24; dividends policy unveiled

Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) generated SAR 539.50 million in net profit during the first half (H1) of 2024, lower by 25.59% year-on-year (YoY) than SAR 725.10 million. The revenues hit SAR 1.17 billion in H1-24, up …