Jazan Development and Investment Co. (6090)

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News

13 April 2025 07:52 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 …

Corporate Actions

20 May 2024 00:04 PM Jazadco shifts to SAR 41m losses in Q1-24

Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) turned to net losses valued at SAR 40.93 million in the first quarter (Q1) of 2024, compared to net profits worth SAR 1.78 million in Q1-23. Revenues dropped by 47.28% to SAR …

Financial Results

8 January 2024 10:38 AM Saudi Jazadco unveils rebranding

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has changed its name to Jazan Development and Investment Company, according to a bourse filing. The rebranding was implemented after completing all the regularity procedures in …

Management Decisions

28 December 2023 02:03 PM Jazadco secures SAR 21m to boost working capital

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) signed a SAR 21 million loan agreement with the Agricultural Development Fund on 5 December 2023 to finance the working capital. The funding will be used to support the working …

Companies Investments

13 November 2023 11:25 AM Jazadco’s net profits decline 31.5% in 9M-23; accumulated losses reported

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) posted net profits after Zakat and tax of SAR 18.64 million in the first nine months (9M) of 2023, a drop of 31.57% compared to SAR 27.24 million in the same period of 2022. The …

Financial Results

16 August 2023 06:04 PM Jazadco posts lower net profits in Q2, H1-23; accumulated losses hit 3%

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) witnessed a 53.47% annual plunge in net profit after Zakat and tax to SAR 13.18 million in the first half (H1) of 2023 from SAR 28.33 million. The earnings per share (EPS) decreased …

Financial Results

21 May 2023 02:04 PM Jazadco’s profits shrink in Q1-23; accumulated losses unveiled

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) recorded an annual drop of 49.98% in net profit after Zakat and tax to SAR 1.78 million during the first quarter (Q1) of 2023, versus SAR 3.56 million. Revenues grew by 4.44% to SAR …

Financial Results

29 March 2023 00:27 PM Jazadco’s profits jump to nearly SAR 17.5m in 2022

Riyadh – Mubasher: The net profits after Zakat and tax of Jazan Energy and Development Company (Jazadco) hiked by 42.98% to SAR 17.34 million in 2022, compared to SAR 12.12 million in 2021. Based on the annual financial results, the revenues hit …

Financial Results

9 November 2022 03:18 PM Jazadco sees 123%higher profits in 9M-22; accumulated losses unveiled

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) posted a net profit after Zakat and tax worth SAR 27.24 million in the first nine months (9M) of 2022, higher by 123.03% than SAR 12.21 million in 9M-21. Revenues declined by 7.65% …

Financial Results

19 September 2022 00:19 PM Jazadco names Al Resheid as new CEO

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has appointed Mohammed bin Abdullah Al Resheid as its new CEO effective from 1 November 2022, according to a bourse filing. Al Resheid has a master's degree in project and systems …

Corporate Actions

23 August 2022 08:01 AM Jazadco’s profit jumps 187% in H1-22

Riyadh – Mubasher: Jazan Energy and Development Company’s (Jazadco) net profits after Zakat and tax climbed by 186.97% year-on-year (YoY) in the first half (H1) of 2022 to SAR 28.33 million from SAR 9.87 million. The profit per share came in at …

Financial Results

23 May 2022 02:35 PM Jazadco's profits hike 76% in Q1-22

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) recorded a 75.83% year-on-year (YoY) increase in its net profits to SAR 3.56 million in the first quarter (Q1) of 2022, compared to SAR 2.02 million. The company's revenues …

Financial Results

14 April 2022 03:50 PM Jazadco names new Chairman, Vice Chairman

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has appointed Sultan Abdulaziz Al Mubarak as the new Chairman of the board for the coming three years. The Saudi listed company also appointed Feras Khalid Al Bawardi as the Vice …

Management Decisions

20 March 2022 02:00 PM Jazadco achieves SAR 13m net profits in 2021

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has posted net profits after Zakat and tax worth SAR 13.28 million in 2021, a year-on-year (YoY) hike of 23.17% from SAR 10.78 million. The revenues soared by 15.79%, reaching SAR …

Financial Results

1 November 2021 03:21 PM Jazadco’s Q3 net profits plunge 73%

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) registered net profits after Zakat and tax worth SAR 2.25 million during the third quarter (Q3) of 2021, a decline of 73% from SAR 8.44 million in Q3-20. Revenues meanwhile rose by …

Financial Results

11 August 2021 09:53 AM Jazadco’s H1-21 profits leap 740%; accumulated losses total SAR 48m

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) posted an annual jump of 739.7% in net profits after Zakat and tax to SAR 9.94 million in the first half (H1) of 2021 from SAR 1.18 million in H1-20. Earnings per share stood at SAR …

Financial Results

20 May 2021 03:05 PM CMA declines Jazadco’s request to raise capital for Jazil acquisition

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has disapproved Jazan Energy and Development Company’s (Jazadco) request to increase the capital in order to acquire Jazil Investment Company, according to a Tadawul disclosure on …

Corporate Actions

20 May 2021 08:31 AM Jazadco achieves SAR 2m net profit in Q1

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) recorded a leap of 299% in net profit after Zakat and tax to SAR 2.08 million during the first quarter (Q1) of 2021 from SAR 523,609 in the same period a year earlier. Earnings per …

Financial Results

7 April 2021 09:40 AM Jazadco’s associate, NEOM to develop largest fish farm in MENA

Riyadh – Mubasher: Tabuk Fisheries, an associate of Jazan Energy and Development Company (Jazadco), signed on 6 April a memorandum of understanding (MoU) with NEOM Company to set up the largest fish farm in the MENA region. Jazadco said the …

Macroeconomics

22 March 2021 09:30 AM Jazadco inks SAR 21m loan agreement with Agricultural Development Fund

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has entered into a SAR 20.9 million loan agreement with the Agricultural Development Fund to finance the working capital and development of a shrimp farm. This step comes in …

Companies Investments

9 February 2021 08:09 AM Jazadco receives GAC's go-ahead to buy Jazel Investments

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) announced receiving a go-ahead from the General Authority for Competition (GAC) to acquire all of the partners’ shares in Jazel Investments Company. The deal is still subject …

Mergers and Acquisitions

7 December 2020 10:16 AM Jazadco inks binding deal to acquire Jazel Investments for SAR 410m

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) signed a binding agreement to acquire all the shares of Jazel Investments Limited. The value of the deal amounts to SAR 410.03 million, which will be paid through the issuance of …

Companies Investments

15 November 2020 11:48 AM Food sector profits in KSA grow 13.8% in Q3

Riyadh – Mubasher: Net earnings of eleven Tadawul-listed food companies grew by 13.8% or SAR 107.39 million on a year-on-year (YoY) basis in the third quarter (Q3) of 2020. Combined profits of the Saudi food sector netted SAR 885.81 million in the …

Financial Results

8 November 2020 08:59 AM Jazadco turns to profitability in Q3-20

Riyadh – Mubasher: The interim financial results of Jazan Energy and Development Company (Jazadco) showed net profits after Zakat and tax of SAR 8.45 million during the third quarter (Q3) of 2020, against net losses of SAR 1.31 million in the same …

Financial Results

21 October 2020 08:58 AM Jazadco receives Saudi Good Agricultural Practices certificate

Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) was granted the Saudi Good Agricultural Practices (S.G.A.P) certificate on Wednesday. Jazadco’s CEO, Bedour bin Nasser Al Rashoudi, has received the certificate on behalf of the …

Companies Investments