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 Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 80.77 46.03 75.472 119.6 -32.466 Gross Profit (Loss) 80.77 46.03 75.472 119.6 -32.466 Operational Profit (Loss) 73.31 40.86 79.417 114.85 -36.168 Net profit (Loss) 68.29 38.94 75.372 108.52 -37.071 Total Comprehensive Income 67.35 39.06 72.427…
MoreElement List Explanation Introduction Saudi Advanced Industries Company (SAIC) announces that the Board of Directors, on 20/03/1446 AH corresponding to 23/09/2024 AD, has approved the appointment of Mr. Khalid bin Saeed Abu Khadra as CEO of the company, effective from 10/04/1446 AH corresponding to 13/10/2024 AD. Element List Explanation Appointment…
MoreElement List Explanation Introduction Saudi Advanced Industries Company announces the acceptance by the Board of Directors on 02/03/1446 AH corresponding to 05/09/2024 AD of the resignation of Dr. Abdullah bin Sulaiman Al-Juraish from the position of the acting CEO of the company as of 02/03/1446 AH corresponding to 05/09/2024 AD,…
MoreElement List Explanation Introduction In reference to the announcement made by Saudi Advanced Industries Company, published on the Saudi Tadawul website on 27/11/1445 AH corresponding to 04/06/2024 AD, regarding the signing of a non-binding Memorandum of Understanding with Dar Al-Balad Business Solutions to acquire up to 100% of the company's…
MoreElement List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 119.6 53.59 123.175 121.89 -1.878 Gross Profit (Loss) 119.6 53.59 123.175 121.89 -1.878 Operational Profit (Loss) 114.85 50.66 126.707 112.21 2.352 Net profit (Loss) 108.52 50.16 116.347 108.72 -0.183 Total Comprehensive Income 107.93 55.99 92.766…
MoreElement List Explanation Introduction Saudi Advanced Industries Co. Announces the renewal of a credit facility Compatible with the provisions of Islamic Sharia with Al-Rajhi Capital in the amount of (100,000,000) Saudi Riyals for the purpose of expanding the company's investments. Date of obtaining the funding 2024-07-11 Corresponding to 1446-01-05 Financing…
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