The Saudi Advanced Industries Company was established as a Saudi joint-stock company in 1988 with a capital of 108 million Saudi riyals, and in 2007 the capital of the developed company was increased from 108 million riyals to 432 million Saudi riyals, and in 2015 the capital was increased to 500 million Saudi riyals. The aim of its establishment is to help the private sector to participate in the industrial development in the Kingdom in general, and to participate in the economic balance program and the transfer of advanced technologies to the Kingdom. Since its establishment, the company has participated in a number of companies in the Economic Balance Program in addition to other industrial projects and has focused in the recent period on industries with competitive advantages such as oil and gas industries, petrochemical industries, manufacturing industries, building materials and services associated with them.
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…
MoreElement 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…
MoreElement 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…
MoreElement 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.…
MoreElement 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…
MoreElement 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…
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