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Tuesday, May 17, 2022

Abdullah Shiraz

‎SSP bags SAR 139 mln contract from Uruguay’s TGS

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‎Taiba swings to SAR 20.4 mln earnings in Q1 2022

16/05/2022 Argaam Exclusive Taiba Investments Co. turned to a net profit after Zakat and tax of SAR 20.4 million in the first quarter of 2022, against a net loss of SAR 1.9 million in the year-ago period.  Current Quarter Comparison (M) Item Q1 2021 Q1 2022 Change‬ Revenues 34.26 52.62 53.6 % Gross Income 14.60…

‎AXA shareholders approve 10% cash dividend for 2021

16/05/2022 Argaam Exclusive AXA Cooperative Insurance Co.’s shareholders approved on May 15 the board’s recommendation to pay cash dividend at 10% or SAR 1 per share, for 2021, according to a bourse filing. Dividend Details 2021 Current Capital SAR 500 mln Number of Shares 50 mln Total Dividend SAR 50 mln Percentage of Capital 10%…

‎Legit offer refutes media misperceptions of NEOM

Logo of NEOM NEOM Project is one of the major strategic projects of the Public Investment Fund (PIF) and is fully subject to the sovereignty and regulations of Saudi Arabia, the state-owned Saudi Press Agency (SPA) reported, citing an official source. The source categorically denied the comments made by NEOM’s Head of the Tourism Sector…

‎Tawuniya uncover earnings drops 66% to SAR 20 mln in Q1 2022

16/05/2022 Argaam Exclusive The Company for Cooperative Insurance’s (Tawuniya) net profit fell to SAR 20 million in Q1 2022, a drop of 66% from SAR 59.1 million in the year-earlier period. Current Quarter Comparison (M) Item Q1 2021 Q1 2022 Change‬ Gross Written Premium (GWP) 2,920.72 3,507.03 20.1 % Net Profit Before Zakat & Tax…

‎Buying and selling ban on Al Arabia’s founding shareholders ends on the present time

Logo of The ban on Arabian Contracting Services’ (Al Arabia) The ban imposed on the founding shareholders of Arabian Contracting Services’ (Al Arabia) from selling shares was lifted today, May 15, six months after the stock began trading on the Saudi Exchange (Tadawul) on Nov. 15, 2021. Founding shareholders - Engineer Holding Group Co. and MBC Group Holding…

‎Saudi insurance spending per capita rises 10% to SAR 1,200 in 2021

The per capita spending on insurance in Saudi Arabia grew 10% to SAR 1,200 by the end of 2021, compared with SAR 1,095 a year earlier, data from the Saudi Central Bank (SAMA) showed. Health insurance accounted for 60% of total per capita spending last year, followed by general insurance with 36%, as well as…

‎Shares of Saudi Aramco hit all-time excessive

Logo of Saudi Aramco Saudi Arabian Oil Co.'s (Saudi Aramco) shares rose today, May15, by 4% to SAR 42.35, recording its highest price close since debut, with a traded volume of about 16.4 million shares. The stock hit its highest price level since debut – after capital was adjusted to add bonus issue shares –…

‎A sight into Leejam’s monetary results, expansions in Q1 2022

Agree Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website

‎PIF launches Saudi Coffee to make investments SAR 1.2 bln in sector over next decade

Logo of Saudi Coffee Co. The Public Investment Fund (PIF) announced today, May 15, the launch of the Saudi Coffee Co. (SCC). The company has been established to enable Saudi Arabia’s coffee bean to be a global product in the future.    Over the next 10 years, SCC intends to invest nearly SAR 1.2 billion in the national coffee industry to…

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