Saudi Advanced Industries Company. Announces the Results of the Ordinary General Assembly Meeting (Second Meeting)
Element List Explanation Introduction The Board of Directors of Saudi Advanced Industries Company is pleased to announce the results of the Ordinary General Assembly meeting (second meeting). The meeting was held at 9:30 pm¬ on Tuesday 05 Dhu al-Hijjah 1445 AH corresponding to 11 June 2023 AD, in presence and…
Read moreSaudi Advanced Industries Company announces the signing of a (non-binding) memorandum of understanding to acquire up to 100% of the shares of Dar Al Balad Business Solutions Company.
Element List Explanation Introduction Saudi Advanced Industries Company (SAIC) 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, including its rights and obligations, upon reaching a final agreement between the two parties. The acquisition is…
Read moreSaudi Advanced Industries Company (Saic) Board of Directors of invites shareholders to attend the Ordinary General Assembly meeting (first meeting) via modern technology.
Element List Explanation Introduction The Board of Directors of the Saudi Advanced Industries Company is pleased to invite shareholders to participate and vote in the Ordinary General Assembly meeting (the first and second meetings an hour after the first) on Tuesday 5 Dhu al-Hijjah1445AH, corresponding to 06-11-2024 AD, at 8:30…
Read moreSaudi Advanced Industries Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change Sales/Revenue 121.89 25.35 380.828 53.64 127.237 Gross Profit (Loss) 121.89 25.35 380.828 53.64 127.237 Operational Profit (Loss) 112.21 22.57 397.164 46.61 140.742 Net profit (Loss) 108.72 22.07 392.614 36.09 201.246 Total Comprehensive Income 108.4 23.4 363.247…
Read moreSaudi Advanced Industries Company and its subsidiary announce the purchase of a commercial building to be used as headquarters of Saudi Advanced Industries Company and its subsidiary
Element List Explanation Introduction Saudi Advanced Industries Company and its subsidiary announce the completion of the purchase of a commercial building for a total amount estimated at 12,040,800 Saudi riyals, excluding real estate transaction tax and real estate brokerage. Transaction Details Saudi Advanced Industries Company and its subsidiary announce the…
Read moreSaudi Advanced Industries Company and its subsidiary announce the completion of the sale of part of its shares in Obeikan Glass Company
Element List Explanation Introduction Saudi Advanced Industries Company and its subsidiary, announces the completion of the sale of part of its shares in Obeikan Glass Company, amounting to 4,025,751 shares, representing 12.58% of Obeikan Company’s capital. Transaction Details Selling 4,025,751 shares in separate batches of Obeikan Glass Company shares, representing…
Read moreSaudi Advanced Industries Company (Advanced) announces the estimated financial results for the Period Ending on 2024-03-31 ( Three Months )
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change Sales/Revenue 122.98 25.35 385.128 53.64 129.269 Gross Profit (Loss) 122.98 25.35 385.128 53.64 129.269 Operational Profit (Loss) 113.45 22.57 402.658 46.61 143.402 Net profit (Loss) 108.72 22.07 392.614 36.09 201.246 Total Comprehensive Income 108.4 23.4 363.247…
Read moreSaudi Advanced Industries Company announces the latest developments of the Saudi Advanced Industries Company’s announcement of a board recommendation to distribute cash dividends to shareholders for the fiscal year 2023 AD.
Element List Explanation Previous Announcement The Board of Directors’ recommendation to the General Assembly to distribute dividends to the company’s shareholders for the fiscal year 2023, at the rate of 0.75 riyals per share, for a total amount of 44,250,000 riyals for 59,000,000 shares. Date of Previous Announcement on Saudi…
Read moreSaudi Advanced Industries Company announces the latest developments of the Saudi Advanced Industries Company announces the recommendation of its Board of Directors to distribute part of its share in Obeikan Glass Company to shareholders.
Element List Explanation Previous Announcement The Board of Directors’ recommendation dated 09/06/1445 AH corresponding to 03/16/2024 AD to the General Assembly to distribute part of the Saudi Advanced Industries Company’s share in Obeikan Glass Company, which is equivalent to (300,000) shares, to the shareholders of the Saudi Advanced Industries Company.…
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