Saudi Advanced Industries Co (2120)

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News

12 August 03:00 AM SAIC shifts to SAR 110m net losses in H1-25

Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) suffered net losses worth SAR 110.14 million in the first half (H1) of 2025, against net profits of SAR 217.24 million in H1-24.Negative revenues stood at SAR 91.12 million in H1-25, compare

Sector Reports

29 June 03:00 AM SAIC unveils 2 key appointments

Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) has appointed Abdullah Mohammed Al Homaidi as the board’s Chairman for the next four years.Mohammed Shbeeb Al Mutlaq was named as the Vice Chairman, according to a bourse disclosure.The two

Hot News

18 May 03:00 AM SAIC announces 95% lower net profits in Q1-25

Riyadh - Mubasher: The net profits of Saudi Advanced Industries Company (SAIC) hit SAR 5.25 million in the first quarter (Q1) of 2025, reflecting an annual plunge of 95.17% from SAR 108.72 million.Furthermore, the revenues shrank by 87.52% to SAR 15.

Sector Reports

25 March 06:10 PM SAIC obtains SAR 100m loan from Alinma Bank

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) penned, on 24 March, a Sharia-compliant credit facility agreement with Alinma Bank at a value of SAR 100 million. The company will use the loan to expand its investments, according to a …

Companies Investments

13 October 2024 10:43 AM SAIC records 157% higher net profits in 9M-24

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) registered SAR 285.53 million in net profit during the first nine months (9M) of 2024, an annual leap of 156.84% from SAR 111.17 million. Revenues amounted to SAR 322.26 million in the …

Financial Results

24 September 2024 09:34 AM SAIC, Chubb Arabia appoint new CEO

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) named Khalid bin Saeed Abu Khadra as the new CEO following Abdullah bin Sulaiman Al Juraish’s resignation from his position as the Acting CEO. The board members approved the appointment …

Banking and Finance

8 September 2024 01:02 PM SAIC’s Acting CEO Al Juraish resigns

Riyadh – Mubasher: Abdullah bin Sulaiman Al Juraish resigned from his position as the Acting CEO of Saudi Advanced Industries Company (SAIC) on 5 September 2024. The board members accepted Al Juraish’s request to leave the position due to personal …

Board of Directors

16 July 2024 02:39 PM SAIC extends funding deal with Al Rajhi Bank’s asset management arm

Riyadh- Mubasher: Saudi Advanced Industries Company (SAIC) has renewed a Sharia-compliant credit facility agreement with Al Rajhi Capital, the asset management arm of the listed Al Rajhi Bank. SAIC obtained the SAR 100 million funding on 11 July …

Banking and Finance

7 July 2024 00:33 PM SAIC’s estimated profit jumps over 200% in H1-24

Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) surged by 200.98% year-on-year (YoY) to SAR 217.40 million during the first half (H1) of 2024 from SAR 72.23 million. The company’s revenue leapt by 205.01% YoY to SAR …

Financial Results

4 June 2024 11:32 AM SAIC inks MoU to acquire 100% of Dar Al-Balad Business Solutions

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has signed a non-binding memorandum of understanding (MoU) with Dar Al-Balad Business Solutions Company to acquire up to 100% of the company’s shares, including its rights and …

Companies Investments

16 April 2024 05:31 PM SAIC’s net profit balloons 393% YoY in Q1-24

Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) skyrocketed 392.61% year-on-year (YoY) to SAR 108.72 million in the first quarter (Q1) of 2024 from SAR 22.07 million. Revenues soared 385.13% YoY to SAR 122.98 million …

Financial Results

17 March 2024 11:11 AM SAIC’s net profit leaps 48% YoY in 2023; dividends proposed

Riyadh – Mubasher: The net profit of Saudi Advanced Industries Company (SAIC) jumped 48.49% year-on-year (YoY) to SAR 148.80 million in 2023 from SAR 100.21 million. Revenues soared 55.23% YoY to SAR 180.15 million last year from SAR 116.05 …

Cash Dividends

14 March 2024 01:45 PM SAIC, subsidiary buys SAR 72m stake in Baladi Poultry

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) and a subsidiary have purchased 567,212 shares in Baladi Poultry Company for an average share price of SAR 126.66, totalling SAR 71.84 million. The purchases were made in separate batches …

Mergers and Acquisitions

6 November 2023 01:23 PM SAIC’s net profits exceed SAR 111m in 9M-23

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) logged net profits after Zakat and tax valued at SAR 111.17 million in the first nine months (9M) of 2023, marking a 38.34% leap from SAR 80.36 million in 9M-22. The earnings per share …

Financial Results

27 August 2023 03:06 PM SAIC concludes SAR 25m share purchase deal

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) has purchased 3.84 million shares in the Canadian General Medical Center Complex Company at a value of SAR 24.99 million. The transaction was concluded on 24 August 2023, according to a …

Companies Investments

19 July 2023 07:51 PM SAIC logs higher net profits in H1-23; financing deal unveiled

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Advanced Industries Company (SAIC) reached SAR 72.61 million in the first half (H1) of 2023, an annual rise of 24.63% from SAR 58.26 million. The revenues jumped by 25.27% …

Companies Investments

5 June 2023 00:47 PM SAIC to pay 5% of capital as dividends for 2022

Riyadh – Mubasher: The shareholders of Saudi Advanced Industries Company (SAIC) greenlighted the board’s proposal to disburse cash dividends amounting to SAR 30 million for 2022. SAIC will pay SAR 0.50 per share for 60 million eligible shares on …

Cash Dividends

18 May 2023 00:39 PM SAIC generates SAR 22m profits in Q1-23

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) logged net profits after Zakat and tax worth SAR 22.07 million in the first quarter (Q1) of 2023, an annual drop of 28.67% from SAR 30.94 million. Revenues amounted to SAR 25.35 million …

Financial Results

28 March 2023 01:00 PM SAIC’s profits rise 10% in 2022; dividends recommended

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) generated SAR 100.21 million in net profit after Zakat and tax in 2022, up 9.96% year-on-year (YoY) from SAR 91.13 million. The company’s revenues surged by 14.36% YoY to SAR 116.05 …

Board of Directors

26 January 2023 06:10 PM SAIC’s shareholders approve 20% capital increase

Riyadh – Mubasher: The equityholders of Saudi Advanced Industries Company (SAIC) have approved the board’s recommendation to raise the capital by SAR 100 million (20%), during their extraordinary general meeting (EGM) on 25 January. SAIC will …

Management Decisions

19 January 2023 10:40 AM SAIC announces 3 new key appointments

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) named Abdullah Muhammad Al Humaidhi as the new Chairman of the board instead of Youssef Muhammad Al Qafari, who remained a board member. The Tadawul-listed firm also appointed Abdul …

Management Decisions

7 November 2022 03:58 PM SAIC records higher profits at over SAR 80m in 9M-22

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Advance d Industries Company (SAIC) grew by 22.67% to SAR 80.36 million in the first nine months (9M) of 2022, versus SAR 65.51 million in 9M-21. Revenues amounted to SAR 91.49 …

Financial Results