Saudi’s AMAK awarded 4 licenses for copper, gold exploration
Saudi’s Al Masane Al Kobra Mining Co. (AMAK) announced that the Ministry of Industry and Mineral Resources has awarded it four exploration licenses for copper and gold in Al-Dawadmi, Riyadh. The company will conduct the necessary exploratory studies during the statutory period to ensure the availability of the required raw materials, it said in a […]
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 […]
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 […]
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 […]
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 […]
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) […]
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, […]