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14 January 06:26 PM

Sector News

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29 September 2025 10:56 AM Shmoh Almadi inks $509,000 deal with Chinese company
Riyadh - Mubasher: Shmoh Almadi Company signed a $509,000 contract with China-based Foshan International Trade Company on 25 September. The agreement aims to supply and install an automated production line for filling and packaging Maamoul and …
Companies Investments
Photo Archive
25 September 2025 07:25 PM Tanmiah’s ADC increases SAB Murabaha facility to SAR 310 million
Riyadh - Mubasher: Agricultural Development Company (ADC), a unit of Tanmiah Food Company, has raised its revolving Murabaha facility with Saudi Awwal Bank (SAB) to SAR 310 million from SAR 130 million. Valid for one year, the facility is secured …
Companies Investments
Photo Archive
24 April 2025 09:30 AM First Mills records 2.5% higher profits in Q1-25
Riyadh – Mubasher:  First Milling Company (First Mills) achieved 2.49% higher net profits at SAR 79.66 million in the first quarter (Q1) of 2025, compared to SAR 77.72 million. The revenues increased by 2.58% year-on-year (YoY) to SAR 283.59 …
Financial Results
Photo Archive
22 April 2025 09:56 AM First Mills secures SAR 630m loan from SAB
Riyadh – Mubasher:  First Milling Company (First Mills) penned a long-term sharia-compliant bank facility agreement worth SAR 630 million with the Saudi Awwal Bank (SAB) on 20 April 2025. First Mills will use the loan to support its commercial and …
Companies Investments
Photo Archive
20 April 2025 00:10 PM Almarai generates SAR 731m profits in Q1-25
Riyadh – Mubasher: Almarai Company posted 5.62% year-on-year (YoY) higher net profits at SAR 731.19 million in the first quarter (Q1) of 2025, versus SAR 692.22 million. The company's revenues increased by 5.65% YoY to SAR 5.76 billion in Q1-25 …
Financial Results
Photo Archive
13 April 2025 09:52 AM Jazadco appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) announced two key appointments for a new board term that will end on 12 April 2029. The company announced Ibrahim Abdullah Al Jasser as the board’s Chairman for the next four …
Board of Directors
Photo Archive
6 April 2025 11:24 AM Entaj’s board mulls SAR 15m cash dividends for 2024
Riyadh – Mubasher: The board of Arabian Company for Agricultural and Industrial Investment (Entaj) recommended cash dividends valued at SAR 15 million for 2024. Entaj will pay out a dividend of SAR 0.50 per share, representing 5% of the share’s …
Board of Directors
Photo Archive
24 March 2025 08:41 PM Nadec’s unit secures SAR 1.1bn facility deal
Riyadh – Mubasher: Al-Ra’i National Livestock Company, a subsidiary of National Agricultural Development Company (Nadec) inked a SAR 1.10 billion financing agreement with the Agricultural Development Fund (ADF). The company secured the loan to …
Companies Investments
Photo Archive
20 March 2025 00:16 PM Arabian Mills to pay over SAR 30m dividends for 2024
Riyadh – Mubasher: The board members of Arabian Mills for Food Products Company recommended cash dividends of SAR 30.27 million for 2024. The Saudi firm will pay out a dividend of SAR 0.59 per share for 51.31 million eligible shares, according to …
Cash Dividends
Photo Archive
17 March 2025 01:25 PM Arabian Mills sees higher profits in 2024; revenues near SAR 974m
Riyadh – Mubasher: Arabian Mills for Food Products Company logged net profits amounting to SAR 213.63 million in 2024, up 6.67% year-on-year (YoY) from SAR 200.27 million. Revenues climbed by 12.97% to SAR 973.94 million at the end of December …
Financial Results
Photo Archive
13 March 2025 06:24 PM Sinad Holding announces 97% decrease in 2024 net losses amid higher revenue
Riyadh – Mubasher: The net losses of Sinad Holding Company shrank by 97.06% to SAR 3.90 million in 2024 from SAR 132.60 million in 2023. The loss per share declined to SAR 0.03 as of 31 December 2024 compared with SAR 1.05 in the same period a …
Financial Results
Photo Archive
13 March 2025 03:15 PM First Mills’ board announces SAR 1.29/shr dividend for H2-24
Riyadh – Mubasher: The board members of First Milling Company (First Mills) decided in their 12 March 2025 meeting to distribute cash dividends amounting to SAR 71.59 million for the second half (H2) of 2024. First Mills will pay SAR 1.29 per …
Corporate Actions
Savola Group
12 March 2025 01:54 PM Savola Group’s net profits near SAR 10bn in 2024; dividends withheld on shareholding in Almarai
Riyadh – Mubasher: Savola Group witnessed a leap of 1,009.24% in net profit during 2024, registering SAR 9.97 billion compared to SAR 899.20 million in 2023. The annual growth in net profit last year was partially attributed to the distribution of …
Corporate Actions
Photo Gallery
10 March 2025 10:19 AM Saudi Savola Group reinforces business in Egypt via new HQ
Riyadh – Mubasher Savola Egypt, a subsidiary of Savola Group, has officially inaugurated its new headquarters (HQ) in New Cairo’s Fifth Settlement. The inauguration aligns with the Saudi group’s objectives to strengthen its position in Egypt, …
Companies Investments
Photo Archive
9 March 2025 03:50 PM Fourth Milling unveils SAR 171m profits in 2024, dividends for H2
Riyadh – Mubasher: Fourth Milling Company registered SAR 170.93 million in net profit at the end of December 2024, up 19.68% year-on-year (YoY) from SAR 142.81 million. Revenues climbed by 12.71% to SAR 629.02 million last year from SAR 558.09 …
Financial Results
Photo Archive
6 March 2025 03:00 PM Balady Poultry logs SAR 118m net profit in 2024
Riyadh – Mubasher: The net profit of Balady Poultry Company climbed by 17.04% year-on-year (YoY) to SAR 118.11 million in 2024, compared with SAR 100.91 million. Revenue soared to SAR 887.11 million in 2024 from SAR 760.97 million in 2023, …
Financial Results
Photo Archive
24 February 2025 10:49 AM Nadec’s profits leap 156.5% in 2024 following Arabian Mills’ IPO
Riyadh – Mubasher: National Agricultural Development Company (Nadec) logged net profits amounting to SAR 774.63 million in 2024, higher by 156.45% than SAR 302.06 million in 2023. Revenues edged up by 0.73% year-on-year (YoY) to SAR 3.22 billion …
Initial Public Offerings
Photo Archive
19 February 2025 08:45 PM First Mills logs SAR 251m net profits in 2024
Riyadh – Mubasher:  First Milling Company (First Mills) generated a 13.94% year-on-year (YoY) hike in net profit to SAR 250.90 million during 2024, compared to SAR 220.20 million. The revenues hit SAR 1.04 billion as of 31 December 2024, up 8.77% …
Financial Results
Photo Archive
27 January 2025 04:58 PM Saudi Fisheries’ shareholders approve 83% capital cut
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Fisheries Company approved, on 26 January 2025, the board’s proposal for 83.25% capital reduction, according to a bourse statement. Following the transaction, the new capital will …
Board of Directors
Photo Archive
19 January 2025 01:12 PM Almarai’s net profits jump 13% in 2024
Riyadh – Mubasher: Almarai Company recorded a 12.88% year-on-year (YoY) hike in net profit to SAR 2.31 billion during 2024, compared to SAR 2.04 billion. The sales hit SAR 20.97 billion as of 31 December 2024, up 7.17% from SAR 19.57 billion a …
Financial Results
Photo Archive
12 January 2025 00:07 PM Shmoh Almadi to float shares on Nomu this week
Riyadh – Mubasher: Shmoh Almadi Company is set to trade its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Monday, 13 January 2025. The Saudi firm will list 1.40 million shares under the symbol 9622, according to a bourse …
Trading Activities
Photo Archive
7 January 2025 05:40 PM Tanmiah’s subsidiary inks SAR 165m deal to boost expansion strategy
Riyadh – Mubasher: Agricultural Development Company (ADC), a subsidiary of Tanmiah Food Company, penned a SAR 165 million deal with Chengdu Design and Research Institute (CDI). The two parties will team up to build 100 poultry broiler houses, …
Companies Investments
Photo Archive
1 January 2025 04:14 PM Savola Group exits Iran’s market via SAR 705m sale agreement
Riyadh – Mubasher: Savola Foods Company, a subsidiary of Savola Group inked a SAR 705 million sale and purchase agreement on 31 December 2024, according to a bourse disclosure. The unit will sell its entire businesses in Iran, which covers …
Companies Investments
Photo Archive
30 December 2024 09:25 PM Naqi Water pens over SAR 12m project to expand poultry sector
Riyadh — Mubasher: Naqi Water Company has signed an agreement with Belad Al Sham Contracting Company for a project worth SAR 12.31 million to build new poultry houses, which comes within an expansion plan. The project aims to boost the poultry …
Companies Investments
Photo Archive
24 December 2024 05:06 PM First Mills to boost production capacity via SAR 123m new flour unit
Riyadh – Mubasher: The board of First Milling Company (First Mills) approved, on 23 December, the construction of a new flour milling unit (Mill C) at its Al Qassim Plant for nearly SAR 123 million. This strategic expansion will increase the …
Companies Investments