Takween shifts to nearly $12.26mln losses in 9M-22; accumulated losses unveiled
Takween Advanced Industries Company swung to net losses after Zakat and tax worth SAR 45.85 million in the first nine months (9M) of 2022, compared to profits valued at SAR 50.36 million in 9M-21. Revenues jumped by 28.39% year-on-year (YoY) to SAR 809.89 million in the January-September 2022 period, compared to SAR 630.81 […]
Al Arabia’s profits jump to $51.6mln in 9M-22 initial results
Arabian Contracting Services Company (Al Arabia) generated SAR 193.57 million net profit after Zakat and tax during the first nine months (9M) of 2022, higher by 42.70% than SAR 135.65 million in 9M-21. The revenues enlarged by 63.55% to SAR 808.75 million in the January-September 2022 period, compared to SAR 494.50 million in […]
BinDawood logs nearly $16mln profits in 9M-22, turns to losses in Q3
BinDawood Holding Company generated SAR 59.78 million in net profit after Zakat and tax during the first nine months (9M) of 2022, an annual drop of 73.70% from SAR 227.34 million. Revenues grew by 7.63% year-on-year (YoY) to SAR 3.57 billion in the January-September 2022 period, compared to SAR 3.32 billion, according to […]
Saudi Airlines Catering swings to $40mln profits in 9M-22 accumulated losses unveiled
Saudi Airlines Catering Company shifted to net profits after Zakat and tax worth SAR 150 million in the first nine months (9M) of 2022, versus net losses of SAR 32.10 million in 9M-21. The revenues amounted to SAR 1.31 billion in 9M-22, an annual jump of 54.94% from SAR 845.50 million, according to […]
Saudi Kayan signs murabaha facility worth $800mln
Saudi Kayan Petrochemical Co. has signed murabaha revolving credit facility agreement for 3 billion riyals ($800 million) with Saudi National Bank. The five-year facility will utilised to meet the working capital requirements, the maker of specialty chemicals and polymers said on Tuesday in a regulatory filing on Tadawul where its shares trade. […]
Zamil swings to $21mln losses in 9M-22 initial results
Zamil Industrial Investment Company shifted to net losses after Zakat and tax worth SAR 78.47 million in the first nine months (9M) of 2022, against net profits of SAR 13.11 million in 9M-21. The firm reported an annual growth of 9.21% in revenue to SAR 2.86 billion during the January-September 2022 period, compared […]
Saudi: Almunajem Foods’ profits jump to nearly $73mln in 9M-22
Almunajem Foods Company registered net profits after Zakat and tax worth SAR 273.30 million in the first nine months (9M) of 2022, an annual hike of 127.56% from SAR 120.10 million. Revenues enlarged by 17.56% to SAR 2.23 billion during January-September 2022, compared to SAR 1.89 billion in the year-ago period, according to […]
Aljazira Takaful sees 24% higher profits in 9M-22 initial results
Aljazira Takaful Taawuni Company posted a 23.83% jump in net profit before Zakat to SAR 26.15 million during the first nine months (9M) of 2022, versus SAR 21.12 million in 9M-21. The earnings per share (EPS) edged down to SAR 0.44 during the January-September 2022 period, compared to SAR 0.45 in 9M-21, according […]
Arabian Centres to sell non-core assets worth $533mln
The board of Arabian Centres Company (ACC) has approved a programme to sell an identified portfolio of non-core landbank assets with a market valuation exceeding SAR 2 billion. The book value of the assets is estimated at SAR 1.20 billion, according to a press release. Furthermore, the first sale from this portfolio is […]
Saudi developer Dar Al Arkan mulls listing Dubai property business
Saudi-based Dar Al Arkan Real Estate Development Company may list its Dubai business on an international stock exchange. In a statement to the Saudi Stock Exchange (Tadawul), the company said it was considering several strategic and capital markets options with regards to its international property business in Dubai, which may include listing. Dar Al Arkan’s […]