Saudi Advanced Industries Co. announces the estimated financial results for the Period Ending on 2024-09-30 ( Nine Months )
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…
Read moreSaudi Advanced Industries Company (SAIC) Announces Appointment of a CEO
Element 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…
Read moreSaudi Advanced Industries Company announces the resignation of the company’s acting CEO
Element 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,…
Read moreSaudi Advanced Industries Co. Announces an update on Saudi Advanced Industries Company announces the signing of a non-binding Memorandum of Understanding with Dar Al-Balad Business Solutions Company to acquire up to 100% of the company’s shares
Element 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…
Read moreSaudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 30 June 2024 ( Six Months )
Element 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…
Read moreSaudi Advanced Industries Company. Announces the renewal of a credit facility Compatible with the provisions of Islamic Sharia
Element 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…
Read moreSaudi Advanced Industries Company announces the appointment of a member of the Audit Committee
Element List Explanation Introduction Saudi Advanced Industries Company announces the Board of Directors’ resolution (by circulation) issued on 02/01/1446 corresponding to 08/07/2024, approving the appointment of Eng/ Ahmed Abdul Rahman Alrabiah as a member of the Audit Committee (Independent Board Member), effective from the date of the Board of Directors’…
Read moreSaudi Advanced Industries Co. announces the estimated financial results for the Period Ending on 2024-06-30 ( Six Months )
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change Sales/Revenue 118.89 53.59 121.851 121.89 -2.461 Gross Profit (Loss) 118.89 53.59 121.851 121.89 -2.461 Operational Profit (Loss) 114.14 50.66 125.305 112.21 1.719 Net profit (Loss) 108.67 50.16 116.646 108.72 -0.045 Total Comprehensive Income 108.08 50.99 111.963…
Read moreSaudi Advanced Industries Company (Advanced) announces receipt of the distribution of profits from Industrialization & Energy Services Company (Taqa)
Element List Explanation Announcement Detail Saudi Advanced Industries Company is pleased to announce to its esteemed shareholders that it has received a cash dividend distribution for the fiscal year 2023 from the Manufacturing and Energy Services Company (TAQA) at the rate of (0.30) riyals per share, in which Saudi Advanced…
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