Saudi Advanced Industries Company announces the approval of the General Assembly of an associate company to distribute dividends for the year 2021
ELEMENT LIST EXPLANATION Announcement Detail Saudi Advanced Industries Company (SAIC) is pleased to announce to its valued shareholders the approval of the General Assembly meeting of one of its fellow companies (Deutsche Gulf Finance Company), in which the SAIC owns 31.62% of the capital to distribute cash dividends for the…
Read moreSaudi Advanced Industries Co. Announces Resignation of a Board Member
ELEMENT LIST EXPLANATION Introduction Saudi Advanced Industries Co. Announces that the Board of Director approved by passing the resignation of Eng. Saad Ammash Al-Shammary (Board of Director) from his position on date of 12/05/2022, Provided that the resignation takes effect on 09/05/2022. And the reason for the resignation is due…
Read moreSaudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 34.44 19.69 74.911 26.57 29.619 Gross Profit (Loss) 34.44 19.69 74.911 26.57 29.619 Operational Profit (Loss) 31 17.54 76.738 24.03 29.005 Net Profit (Loss) after Zakat and Tax 30.94 17.05 81.466 25.62 20.765 Total Comprehensive…
Read moreSaudi Advanced Industries Company (SAIC) announces that its shareholders are invited to attend the Ordinary General Assembly meeting (the first and second meeting an hour after the first) in attendance and through modern technology
ELEMENT LIST EXPLANATION Introduction The Board of Directors of Saudi Advanced Industries Company is pleased to invite the company’s shareholders to participate and vote in the Ordinary General Assembly meeting (the first and second meeting an hour after the first), which is scheduled to be held in attendance and through…
Read moreSaudi Advanced Industries Company (SAIC) Announces the Appointment of a New CEO
ELEMENT LIST EXPLANATION Introduction Saudi Advanced Industries Company (SAIC) announces the Board of Directors' resolution by passing on 11/08/1443 corresponding to 14/03/2022, based on the recommendation of the Nominations and Remunerations Committee, to appoint His Excellency Mohammed Abdul Aziz Al-Shtawi as CEO of the company starting from 16/05/2022 corresponding to…
Read moreSaudi Advanced Industries Company announces the resignation of its CEO
ELEMENT LIST EXPLANATION Introduction Saudi Advanced Industries Company announces that its board of directors accepted on 10/08/1443 corresponding to 13/03/2022 the resignation of Eng. Saeed bin Abdullah Almoeather from the position of CEO of the company, due to his own circumstances. The Board of Directors expressed its thanks and appreciation…
Read moreSaudi Advanced Industries Company announces the recommendation of the Board of Directors to distribute cash dividends to shareholders for the year 2021
ELEMENT LIST EXPLANATION Introduction Saudi Advanced Industries Company announces the recommendation of the Board of Directors to distribute cash dividends to shareholders for the year 2021. Date of the board’s decision 2022-03-13 Corresponding to 1443-08-10 The Total amount distributed SAR 37,500,000 Number of Shares Eligible for Dividends 50,000,000 Shares Dividend…
Read moreSaudi Advanced Industries Co. announces its Annual Financial Results for the Period Ending on 2021-12-31
ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE Sales/Revenue 101.48 36.78 175.91 Gross Profit (Loss) 101.48 36.78 175.91 Operational Profit (Loss) 92.58 29.07 218.472 Net Profit (Loss) after Zakat and Tax 91.13 26.07 249.558 Total Comprehensive Income 110.94 53.43 107.636 Total Share Holders Equity (after Deducting Minority Equity) 937.94 839.75 11.692…
Read moreSaudi Advanced Industries Co. Announces Calling Candidature for Board Members Elections
ELEMENT LIST EXPLANATION Introduction Reference to the announcement of the Saudi Advanced Industries Co. (Advanced) published on the Tadawul website 13/01/2022 AD corresponding to 10/06/1443 AH that it had received a letter from some a shareholder who owns shares representing 5.09% of the company’s capital requesting that legal measures be…
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