Saudi Advanced Industries Company announces the recommendation of its Board of Directors to distribute part of its stake in Obeikan Glass Company to shareholders.
Element List Explanation Announcement Detail Saudi Advanced Industries Company (SAIC) announces the recommendation of the Board of Directors on 06/09/1445H corresponding to 16/03/2024 AD to the General Assembly to distribute part of its share in Obeikan Glass Company, which is equivalent to (300,000) shares, to the shareholders of the Saudi…
Read moreSaudi Advanced Industries Co. announces the board of director’s recommendation to distribute cash dividends to shareholders for the year 2023AD.
Element List Explanation Introduction Saudi Advanced Industries Company announces the Board of Directors’ recommendation to the General Assembly to distribute cash dividends to shareholders for the year 2023AD. Date of the board’s recommendation 2024-03-16 Corresponding to 1445-09-06 The Total amount distributed 44,250.000 SAR. Number of Shares Eligible for Dividends 59,000,000…
Read moreSaudi Advanced Industries Co (SAIC) announces its Annual financial results for the year ended December 31, 2023.
Element List Current Year Previous Year %Change Sales/Revenue 180.15 116.05 55.23 Gross Profit (Loss) 180.15 116.05 55.23 Operational Profit (Loss) 162.23 102.71 57.95 Net profit (Loss) 148.8 100.21 48.49 Total Comprehensive Income 154.89 4.8 3,126.87 Total Share Holders Equity (After Deducting the Minority Equity) 995.41 901.18 10.46 Profit (Loss) per…
Read moreSaudi Advanced Industries Company and its subsidiary announce the completion of share purchases in Baladi Poultry Company
Element List Explanation Introduction Saudi Advanced Industries Company and its subsidiary announce the completion of share purchases in Baladi Poultry Company. Transaction Details Saudi Advanced Industries Company and its subsidiary announce the completion of share purchases in Baladi Poultry Company, numbering (567,212) shares at an average purchase price of (126.66)…
Read moreSaudi Advanced Industries Company announces the restructuring of the Audit Committee
Element List Explanation Announcement Detail Saudi Advanced Industries Company announces the Board of Directors decision dated 09/07/1445 AH, corresponding to 01/21/2024 AD, to reconstitute the Audit Committee until the end of the current Board session, which ends on 05/30/2025 AD. Committee members before the restructuring decision: 1- Mr. Abdul…
Read moreSaudi Advanced Industries Company announces the signing of an agreement to sell its entire stake Al-Salam Aerospace Industries Company
Element List Explanation Introduction Saudi Advanced Industries Company announces the signing of an agreement to sell its entire share in Al-Salam Aerospace Industries Company, amounting to 10% of the capital of Al-Salam Aerospace Industries Company. Transaction Details Agreement to sell the entire shares of the current partners in Al-Salam Aerospace…
Read moreSaudi advanced industries company (SAIC) announces its financial results for the period ending 30 September 2023 (nine months)
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change Sales/Revenue 46.03 25.97 77.24 53.59 -14.11 Gross Profit (Loss) 46.03 25.97 77.24 53.59 -14.11 Operational Profit (Loss) 40.86 22.46 81.92 50.66 -19.34 Net Profit (Loss) after Zakat and Tax 38.94 22.1 76.2 50.16 -22.37 Total Comprehensive…
Read moreSaudi Advanced Industries Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Third Meeting )
Element List Explanation Introduction Saudi Advanced Industries Company announces the results of the Extraordinary General Assembly meeting (third meeting), which was held at 06:30 pm on Wednesday, Rabi’ al-Thani 10, 1445 AH, corresponding to October 25, 2023 AD, via modern technology (remotely). City and Location of the General Assembly's Meeting…
Read moreSaudi Advanced Industries Company announces its invitation to its esteemed shareholders to attend the Extraordinary General Assembly meeting (third meeting) via modern technological means
Element List Explanation Introduction The Board of Directors of Saudi Advanced Industries Company is pleased to invite its esteemed shareholders to participate and vote in the extraordinary general assembly meeting (Third meeting) scheduled to be held on Wednesday 10/04/1445 AH corresponding to 25/10/2023 AD at 06:30 PM via modern technological…
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