Siwar Foods signs agreement with Saudi’s SACC
Siwar Foods, a Saudi FMCG company, has signed a formal agreement with Saudi Airlines Catering Company (SACC) that will see the two companies work together on food solutions for different business segments. The market for time saving and ready to eat food continues to grow in KSA and research conducted by Siwar highlighted that […]
Riyadh Cement’s earnings fall 47% in H1-22
Riyadh Cement Company’s net profit after Zakat and tax shrank by 46.96% during the first half (H1) of 2022 to SAR 85.06 million, compared to SAR 160.38 million in the same period in 2021. Profit per share reached SAR 0.71 in H1-22, compared with SAR 1.34 in H1-21, according to a stock exchange statement on […]
Saudi Al Sagr Cooperative Insurance’s accumulated losses surpass $69.06mln
The accumulated losses incurred by Al Sagr Cooperative Insurance Company have reached SAR 259.28 million as registered on 30 June 2022. Al Sagr Cooperative Insurance noted that the accumulated losses amount represented 65 % of its SAR 400 million paid-up capital, according to a bourse disclosure on Sunday. The insurer plans to take several […]