The Saudi Advanced Industries Company was established as a Saudi joint-stock company in 1988 with a capital of 108 million Saudi riyals, and in 2007 the capital of the developed company was increased from 108 million riyals to 432 million Saudi riyals, and in 2015 the capital was increased to 500 million Saudi riyals. The aim of its establishment is to help the private sector to participate in the industrial development in the Kingdom in general, and to participate in the economic balance program and the transfer of advanced technologies to the Kingdom. Since its establishment, the company has participated in a number of companies in the Economic Balance Program in addition to other industrial projects and has focused in the recent period on industries with competitive advantages such as oil and gas industries, petrochemical industries, manufacturing industries, building materials and services associated with them.
Element List Explanation Introduction Saudi Advanced Industries Company (SAIC) announces to its shareholders the opening of the nomination period for membership in the company’s Board of Directors for the upcoming term, which will commence on May 31, 2025 (corresponding to 4 Dhul-Hijjah 1446H) and will last for four calendar years,…
MoreElement List Explanation Announcement Detail Referring to the announcement by Saudi Advanced Industries Company (SAIC) on the Tadawul website dated 24 September 2024, regarding the Board of Directors’ decision issued on 23 September 2024, appointing Mr. Khalid bin Saeed Abu Khadra as Chief Executive Officer of SAIC. Additionally, referring to…
MoreElement List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 81.71 46.03 77.514 119.6 -31.68 Gross Profit (Loss) 81.71 46.03 77.514 119.6 -31.68 Operational Profit (Loss) 74.25 40.86 81.718 114.85 -35.35 Net profit (Loss) 67.94 38.94 74.473 108.52 -37.394 Total Comprehensive Income 67.01 39.06 71.556…
MoreElement List Explanation Introduction Saudi Advanced Industries Company (SAIC) announces the Board of Directors’ recommendation to the General Assembly to distribute cash dividends to shareholders for the fiscal year 2024 Date of the board’s recommendation 2025-03-26 Corresponding to 1446-09-26 The Total amount distributed 29,500,000 SAR Number of Shares Eligible for…
MoreElement List Current Year Previous Year %Change Sales/Revenue 342.44 180.15 90.09 Gross Profit (Loss) 342.44 180.15 90.09 Operational Profit (Loss) 315.56 162.23 94.51 Net profit (Loss) 295.06 148.8 98.29 Total Comprehensive Income 294.3 154.89 90 Total Shareholders Equity (after Deducting Minority Equity) 1,230.71 995.41 23.64 Profit (Loss) per Share 5…
MoreElement List Explanation Introduction Saudi Advanced Industries Company (SAIC) announces the signing of a Sharia-compliant credit facility agreement with Alinma Bank, in the amount of (100,000,000) Saudi Riyals, for the purpose of expanding the company’s investments Date of obtaining the funding 2025-03-24 Corresponding to 1446-09-24 Financing entity Alinma Bank Financing…
MoreElement List Explanation Introduction Saudi Advanced Industries Company (SAIC) announces to its shareholders the opening of the nomination period for membership in the company’s Board of Directors for the upcoming term, which will commence on May 31, 2025 (corresponding to 4 Dhul-Hijjah 1446H) and will last for four calendar years,…
MoreElement List Explanation Announcement Detail Referring to the announcement by Saudi Advanced Industries Company (SAIC) on the Tadawul website dated 24 September 2024, regarding the Board of Directors’ decision issued on 23 September 2024, appointing Mr. Khalid bin Saeed Abu Khadra as Chief Executive Officer of SAIC. Additionally, referring to…
MoreElement List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 81.71 46.03 77.514 119.6 -31.68 Gross Profit (Loss) 81.71 46.03 77.514 119.6 -31.68 Operational Profit (Loss) 74.25 40.86 81.718 114.85 -35.35 Net profit (Loss) 67.94 38.94 74.473 108.52 -37.394 Total Comprehensive Income 67.01 39.06 71.556…
MoreElement List Explanation Introduction Saudi Advanced Industries Company (SAIC) announces the Board of Directors’ recommendation to the General Assembly to distribute cash dividends to shareholders for the fiscal year 2024 Date of the board’s recommendation 2025-03-26 Corresponding to 1446-09-26 The Total amount distributed 29,500,000 SAR Number of Shares Eligible for…
MoreElement List Current Year Previous Year %Change Sales/Revenue 342.44 180.15 90.09 Gross Profit (Loss) 342.44 180.15 90.09 Operational Profit (Loss) 315.56 162.23 94.51 Net profit (Loss) 295.06 148.8 98.29 Total Comprehensive Income 294.3 154.89 90 Total Shareholders Equity (after Deducting Minority Equity) 1,230.71 995.41 23.64 Profit (Loss) per Share 5…
MoreElement List Explanation Introduction Saudi Advanced Industries Company (SAIC) announces the signing of a Sharia-compliant credit facility agreement with Alinma Bank, in the amount of (100,000,000) Saudi Riyals, for the purpose of expanding the company’s investments Date of obtaining the funding 2025-03-24 Corresponding to 1446-09-24 Financing entity Alinma Bank Financing…
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