Saudi’s Hail Cement to pay $6.53mln dividends for H1-22
The board of Hail Cement Company has announced cash dividends distribution worth SAR 24.42 million for the first half (H1) of 2022, according to a recent bourse filing. The Saudi listed firm will disburse SAR 0.25 per share, accounting for 2.50% of the share nominal value, for 97.70 million eligible shares. Meanwhile, the eligibility and […]
Alhokair Group’s losses exceed $17.6mln in H1-22; accumulated losses announced
Riyadh – The net losses after Zakat and tax of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) plummeted by 48.99% to SAR 66.34 million in the first half (H1) of 2022, versus SAR 130.05 million in H1-21. The revenues increased by 6.43% year-on-year (YoY) to SAR 344.44 million in the first six months (6M) […]
Saudi’s Batic Investments swings to $3.2mln losses in H1-22; accumulated losses announced
Batic Investments and Logistics Company turned to net losses after Zakat and tax worth SAR 11.88 million in the first half (H1) of 2022, versus net profits of SAR 131,242 in H1-21. The company generated revenues of SAR 210.08 million in H1-22, an annual drop of 11.25% from SAR 236.73 million, according to the […]
Emaar The Economic City posts higher losses in H1-22; accumulated losses unveiled
The net losses after Zakat and tax of Emaar The Economic City increased by 9.68% to SAR 408 million during the first half (H1) of 2022, compared to SAR 372 million in H1-21. The Saudi listed firm registered revenues worth SAR 165 million in the first six months (6M) of 2022, down 4.07% year-on-year (YoY) […]
Al Jouf Cement posts lower profits in H1-22; accumulated losses hit $90.93mln
Al Jouf Cement Company reported a 92.92% plunge in net profit after Zakat and tax to SAR 1.81 million during the first half (H1) of 2022, compared to SAR 25.68 million in H1-21. Revenues amounted to SAR 98.29 million in the first six months (6M) of 2022, down 19.18% year-on-year (YoY) from SAR 121.62 […]
UAE supports Saudi comments on possible oil output cuts, source says
The United Arab Emirates is aligned with Saudi Arabia’s thinking on crude oil markets and supportive of its recent comments, a source with knowledge of the matter told Reuters on Friday. OPEC’s de facto leader Saudi Arabia on Monday flagged the possibility of introducing production cuts to balance an oil market it described as […]
Saudi mining firm Maaden eyes to double fertiliser product exports to India
Saudi Arabian Mining Company (Maaden) is looking to double the export of phosphate products and ammonia to India from 2023 by signing four memorandums of understanding (MOUs) with Indian companies, the state-owned Saudi Press Agency (SPA) reported. “India is the largest import market for phosphate and ammonia in the world,” said Maaden CEO Robert Wilt, […]
Saudi’s Al Hammadi records 67.5% higher profits in H1-22 interim results
Al Hammadi Company for Development and Investment generated SAR 127.06 million in net profit after Zakat and tax during the first half (H1) of 2022, an annual jump of 67.54% from SAR 75.84 million. Revenues surged by 18.36% to SAR 532.83 million in January-June 2022, compared to SAR 450.19 million during the same period […]
Saudi Dar Alarkan’s profits exceed $83.46mln in H1-22
Dar Alarkan Real Estate Development Company posted a 515.38% surge in net profit after Zakat and tax to SAR 313.60 million during the first half (H1) of 2022, versus SAR 50.96 million in H1-21. Revenues increased by 104.64% year-on-year (YoY) to SAR 2.29 billion in H1-22, compared to SAR 1.12 billion, according to the […]
ValU prepares to launch its activities in Saudi Arabia before 2022-end
EFG Hermes’ consumer finance arm valU prepares to expand its business in Saudi Arabia before the end of this year, sources told Daily News Egypt. The sources added that valU works on completing all the necessary operational measures in cooperation with Saudi Al-Hokair Group, which recently acquired a share of about 5% of the […]