Saudi Advanced Industries Company (SAIC) Announces that it has received a letter from a shareholder owning 5.09%
ELEMENT LIST EXPLANATION Announcement Detail Saudi Advanced Industries Company (SAIC) Announces that it has received a letter from some the shareholder Mr. Dakheel Bin Raja’a Al Hajeri who owns shares representing 5.09% of the company's capital requesting that regular procedures be taken to disband the company's board of directors and…
Read moreSaudi Advanced Industries Company (SAIC) announces the signing of a (non-binding) Memorandum of Understanding with the Educational Guide Company for Training and Education
ELEMENT LIST EXPLANATION Introduction Saudi Advanced Industries Company announces the signing of a (non-binding) memorandum of understanding with the Educational Guide for Training and Education Company for the possible acquisition of no less than (30%) of the Educational Guide for Training and Education Company. The Educational Guide Company for Training…
Read moreSaudi Advanced Industries Company (SAIC) Announces the allocation of an amount of (5 million Riyals) and participation in a Number of Venture Investment Funds
ELEMENT LIST EXPLANATION Announcement Detail Saudi Advanced Industries Company (SAIC) announces the approval of the Board of Directors to allocate an amount of 5 million riyals which represents 1% of the company's capital as a first stage, in order to participate in a number of funds (compliant with Islamic Sharia)…
Read moreSaudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 35.88 9.59 274.139 19.34 85.522 Gross Profit (Loss) 35.88 9.59 274.139 19.34 85.522 Operational Profit (Loss) 33.83 7.78 334.832 17.17 97.029 Net Profit (Loss) after Zakat and Tax 31.67 7.5 322.266 16.79 88.624 Total Comprehensive…
Read moreSaudi Advanced Industries Company announces of the Board of Directors of an associate company has approved 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 Board of Directors of one of its associate companies (Obeikan Glass Company), in which the SAIC owns 40% of the capital (24 million shares) by distributing cash dividends…
Read moreSaudi Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 19.34 6.71 188.226 19.69 -1.777 Gross Profit (Loss) 19.34 6.71 188.226 19.69 -1.777 Operational Profit (Loss) 17.17 4.95 246.868 17.54 -2.109 Net Profit (Loss) after Zakat and Tax 16.79 4.7 257.234 17.05 -1.524 Total Comprehensive…
Read moreSaudi Advanced Industries Company announces the latest developments regarding a memorandum of understanding to sell one of its investments.
ELEMENT LIST EXPLANATION Introduction Further to the announcement of Saudi Advanced Industries Company on the Saudi Stock Exchange (Tadawul) website on Monday, July 27, 2020G, to extend a memorandum of understanding to sell its entire stake in Al Salam Aerospace Industries Company. Saudi Advanced Industries Company would like…
Read moreAddendum Announcement from Saudi Advanced Industries Co. in regards to renewal of the bank facilities agreement
ELEMENT LIST EXPLANATION Introduction Further to the announcement of the Saudi Advanced Industries Company on the Tadawul website on 2/7/2018 AD regarding of a Shariah-compliant credit facility agreement with the Saudi Investment Bank, the company would like to announce that the renewal of the facilities has been approved as follow:…
Read moreSaudi Advanced Industries Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Third Meeting )
ELEMENT LIST EXPLANATION Introduction The Board of Directors of SAIC is pleased to announce the results of the Extraordinary General Assembly meeting (third meeting) which was held through modern technology at 8:00 PM on Wednesday 13/11/1442 corresponding to 23/06/2021 City and Location of the General Assembly's Meeting By means of…
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