GCC food services market to reach $28bn by 2020
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GCC food services market to reach $28bn by 2020

Mubasher: Saudi Arabia and the UAE were the largest food consumption centres in the Gulf region, according to Al Masah Capital special review report on the GCC food…

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Zoujaj suffers SAR 5.7m losses in Q4
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Zoujaj suffers SAR 5.7m losses in Q4

Riyadh – Mubasher: National Company for Glass Industries (Zoujaj) reported on Wednesday a net loss of SAR 5.7 million ($1.52 million) for the fourth quarter of fiscal 2016,…

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Nadec posts 77% fall in Q4 profits
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Nadec posts 77% fall in Q4 profits

Riyadh – Mubasher: National Agricultural Development Company (Nadec) reported on Wednesday a net profit of SAR 7.76 million for the fourth quarter of fiscal 2016, falling 77.4% compared…

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eXtra profits for Q4 leapt 202%
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eXtra profits for Q4 leapt 202%

Riyadh – Mubasher: United Electronics Company’s (eXtra) net profit for the fourth quarter of fiscal 2016 jumped 202.2% to SAR 27.5 million ($7.3 million), versus SAR 9.1 million…

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Amiantit turns to losses in Q4
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Amiantit turns to losses in Q4

Riyadh – Mubasher: Saudi Arabian Amiantit Company achieved net losses of SAR 193.91 million ($51.71 million) in the fourth quarter of 2016 versus net profits of SAR 22.47…

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Al Ahsa to liquidate real estate development unit
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Al Ahsa to liquidate real estate development unit

Riyadh – Mubasher: Al Ahsa Development’s board decided on Tuesday to liquidate its subsidiary, Al Ahsa Real Estate Development Co Ltd, for not being financially useful. The liquidated company’s capital…

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Saudi Electricity’s Q4 losses deepen 62.15%
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Saudi Electricity’s Q4 losses deepen 62.15%

Riyadh – Mubasher: Saudi Electricity Co’s losses increased by 62.15% during the fourth quarter of 2016 as compared to the same period a year ago. Losses deepened to…

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L’azurde posts lower profits in Q4
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L’azurde posts lower profits in Q4

Riyadh – Mubasher: L’azurde Company for Jewelry reported a 86.38% year-on-year decline in its profits during the fourth quarter of 2016, according to a bourse statement.  Net profits…

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City Cement Co. announces the distribution of dividend for period Second half of 2016
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City Cement Co. announces the distribution of dividend for period Second half of 2016

The Board of Directors of City Cement Co. in its meeting held on 17/01/2017G corresponding 19/04/1438H has recommended the distribution of dividend to the shareholders for the period…

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Iran, Syria ink five cooperation deals
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Iran, Syria ink five cooperation deals

The documents were signed in a ceremony in Tehran on Tuesday which was attended by Iranian First Vice President Es’haq Jahangiri and visiting Syrian Prime Minister Imad Khamis,…

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