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10 March 07:26 PM Lazurde’s net profits fall 62% in 2024

Riyadh – Mubasher: Lazurde Company for Jewelry logged net profits valued at SAR 11.70 million in 2024, an annual plunge of 62.01% from SAR 30.80 million. The Saudi firm posted 13.10% year-on-year (YoY) higher revenues at SAR 2.10 billion in 2024, …

Financial Results

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12 November 2024 10:05 AM Lazurde logs nearly SAR 25m profits in 9M-24 interim results

Riyadh – Mubasher: Lazurde Company for Jewelry generated 42.98% lower net profits at SAR 24.80 million in the first nine months (9M) of 2024, compared to SAR 43.50 million in 9M-23. Revenues amounted to SAR 1.69 billion in 9M-24, up 9.51% from SAR …

Financial Results

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13 August 2024 09:49 AM ARTEX Industrial Investment incurs lower losses in H1-24 following rebranding

Riyadh – Mubasher: The net losses of ARTEX Industrial Investment Company plummeted by 80.88% year-on-year (YoY) to SAR 7.60 million in the first half (H1) of 2024 from SAR 39.76 million. The revenues amounted to SAR 283.02 million in H1-24, up …

Financial Results

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11 July 2024 00:35 PM SIDC’s unit inaugurates 1st branch in Egypt

Riyadh – Mubasher: The Arabian Spring and Foam Mattresses Manufacturing Company (Sleep High), an Egypt-based subsidiary of Saudi Industrial Development Company (SIDC), opened its first branch in the City Stars Center Through the branch in Nasr …

Companies Investments

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23 June 2024 10:36 AM SIDC eyes restructuring capital to lower accumulated losses

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) submitted an application file, on 13 June, to the Capital Market Authority (CMA) to reduce its capital by SAR 265 million. The new capital will stand at SAR 135 million distributed …

Companies Investments

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6 June 2024 03:59 PM Thobe Al Aseel’s CEO resigns; Al Maleh succeeds

Riyadh – Mubasher: Ahmed Saleh Al Sultan resigned from his position as the CEO of Thob Al Aseel Company on 5 June 2024, which is set to become effective on 13 June. Abdulrahman Saeed Al Maleh took over the role as the company’s new CEO, according …

Board of Directors

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16 May 2024 05:16 PM Lazurde’s net profit surges 141% YoY in Q1-24

Riyadh – Mubasher: The net profits of Lazurde Company for Jewelry surged by 141.37% year-on-year (YoY) to SAR 28 million in the first quarter (Q1) of 2024 from SAR 11.60 million. Revenues grew 9.91% YoY to SAR 545.50 million in Q1-24 from SAR …

Financial Results

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15 May 2024 04:05 PM Al Abdullatif Industrial Investment switches to profitability in Q1-24

Riyadh – Mubasher: Al Abdullatif Industrial Investment Company turned to a net profit of SAR 1.43 million in the first quarter (Q1) of 2024, versus a net loss of SAR 20 million. Revenues grew 15.88% YoY to SAR 162.57 million in Q1-24 from SAR …

Financial Results

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1 May 2024 11:03 AM Lazurde appoints new Chairman, Vice Chairman

Riyadh – Mubasher: Lazurde Company for Jewelry has appointed Abdullah Abdulaziz Al Othaim as its new Chairman for the coming three years. The board also named Saud Ghassan Al Sulaiman as the Vice Chairman, according to a bourse filing. The two …

Management Decisions

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31 March 2024 04:24 PM Al Abdullatif Industrial’s net losses enlarge 29% in 2023

Riyadh – Mubasher: Al Abdullatif Industrial Investment Company suffered 29.24% higher net losses at SAR 74.79 million in 2023, compared to SAR 57.87 million in 2022. The revenues shrank by 19.29% year-on-year (YoY) to SAR 522.61 million in 2023 …

Financial Results

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31 March 2024 01:02 PM Lazurde sees 10% lower profits in 2023; dividends proposed

Riyadh – Mubasher: The net profits of Lazurde Company for Jewelry fell by 9.94% year-on-year (YoY) to SAR 30.80 million in 2023 from SAR 34.20 million. Revenues declined by 4.13% to SAR 1.91 billion last year from SAR 1.99 billion in 2022, …

Board of Directors

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21 February 2024 00:36 PM Thoub Al Aseel to pay SAR 40m dividends for H2-23

Riyadh - Mubasher: Thob Al Aseel Company unveiled cash dividends valued at SAR 40 million for the Second half (H2) of 2023, representing 10% of its capital. A total of 400 million eligible shareholders will receive SAR 0.10 per share, according to …

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15 November 2023 00:18 PM Naseej International’s net profits drop 43% in 9M-23; firm shifts to profits in Q3

Riyadh – Mubasher: Naseej International Trading Company recorded a net profit of SAR 5.80 million in the first nine months (9M) of 2023, down by 43.35% year-on-year (YoY) from SAR 10.24 million. The earnings per share (EPS) also dropped to SAR …

Financial Results

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13 November 2023 04:51 PM SIDC’s net losses widen in 9M-23; accumulated losses unveiled

Riyadh – Mubasher: Saudi Industrial Development Company (SIDC) recorded net losses after Zakat and tax worth SAR 21.83 million in the first nine months (9M) of 2023, a 14.65% year-on-year (YoY) rise from SAR 19.04 million in the same period of …

Financial Results

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12 November 2023 11:03 AM Al Abdullatif Industrial suffers higher losses in 9M-23; accumulated losses reported

Riyadh – Mubasher: The net losses after Zakat and tax of Al Abdullatif Industrial Investment Company hiked by 105.78% to SAR 64.06 million in the first nine months (9M) of 2023 from SAR 31.13 million in 9M-22. Loss per share amounted to SAR 0.79 …

Financial Results

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8 November 2023 06:48 PM Lazurde’s net profit rises 38.5% in 9M-23

Riyadh – Mubasher: Lazurde Company for Jewelry posted a net profit after Zakat and tax of SAR 43.50 million in the first nine months (9M) of 2023, up by 38.53% from SAR 31.40 million in the same period of 2022. The earnings per share (EPS) …

Financial Results

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15 October 2023 03:37 PM CMA greenlights capital changes for 2 firms

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of Naseej International Trading Company and Nofoth Food Products Company to increase their capital. Naseej International plans to raise its capital by a rights issue …

Management Decisions

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20 August 2023 05:36 PM Fitaihi Holding posts 61.5% decline in H1-23 net profits

Riyadh – Mubasher Fitaihi Holding Group generated net profits after Zakat and tax worth SAR 6.47 million in the first half (H1) of 2023, lower by 61.52% than SAR 16.84 million in H1-22. Revenues plummeted by 32.13% year-on-year (YoY) to SAR …

Financial Results

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16 August 2023 04:16 PM Al Abdullatif Industrial’s net losses in H1-23 deepen 155.5%; accumulated losses hit 8%

Riyadh – Mubasher: Al Abdullatif Industrial Investment Company incurred net losses after Zakat and tax worth SAR 39.76 million in the first half (H1) of 2023, an increase of 155.53% from SAR 15.56 million in H1-22. The loss per share widened to …

Financial Results

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24 May 2023 09:38 AM Al Abdullatif Industrial unveils SAR 20m losses in Q1-23, accumulated losses

Riyadh – Mubasher: Al Abdullatif Industrial Investment Company reported net losses after Zakat and tax valued at SAR 20 million in the first quarter (Q1) of 2023, up from 65.15% from SAR 12.11 million in Q1-22. The Saudi firm posted an annual drop …

Financial Results

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21 May 2023 09:54 AM Lazurde’s Q1-23 profits skyrocket over 329.5% on quarterly basis

Riyadh – Mubasher: The net profits after Zakat and tax of Lazurde Company for Jewelry amounted to SAR 11.60 million during the first quarter (Q1) of 2023. The recorded net profits were lower by 15.33% year-on-year (YoY) than SAR 13.70 million, …

Financial Results

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30 March 2023 02:40 PM Al Abdullatif Industrial suffers higher losses in 2022; accumulated losses unveiled

Riyadh – Mubasher: The net losses after Zakat and tax of Al Abdullatif Industrial Investment Company hit SAR 57.87 million in 2022, higher by 21.19% year-on-year (YoY) than SAR 47.75 million. Revenues edged up by 0.93% to SAR 647.50 million last …

Financial Results

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26 March 2023 03:36 PM Lazurde logs over SAR 34m profits in 2022; dividends recommended

Riyadh – Mubasher: Lazurde Company for Jewelry witnessed net profits after Zakat and tax worth SAR 34.20 million in 2022, an annual increase of 55.45% from SAR 22 million. Revenues amounted to SAR 1.99 billion as of 31 December 2022, up 1.43% …

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2 January 2023 04:32 PM Fitaihi Holding’s board recommends SAR 11m dividends for 2022

Riyadh – Mubasher: The board of Fitaihi Holding Group suggested cash dividends distribution worth SAR 11 million for 2022, according to a bourse disclosure. The Saudi firm would disburse SAR 0.40 per share, representing 4% of the share nominal …

Board of Directors

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9 November 2022 02:03 PM Al Abdullatif Industrial’s losses deepen 213% in 9M-22 interim financials

Riyadh – Mubasher: Al Abdullatif Industrial Investment Company registered net losses after Zakat and tax worth SAR 31.13 million in the first nine months (9M) of 2022, an annual hike of 212.86% from SAR 9.95 million. The Saudi firm posted a 6.79% …

Financial Results