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Lazurde FY18 profits slips 44%; board withholds dividends

2019-03-10 05:37:41 GMT (
Lazurde Company for Jewelry on Sunday posted a 43.8% decline in net profit for the fiscal year 2018 to SAR 17.7 million, compared with SAR 31.5 million in 2017.   The company’s operating ...

MEPCO’s FY18 profit rises 46%; board proposes SAR0.5/share dividend

2019-03-10 05:31:46 GMT (
Middle East Paper Company (MEPCO) on Sunday announced that its profits rose by 46% in the fiscal year 2018 to SAR 99.4 million, compared with SAR 68.1 million a year earlier, according to a bourse ...

Main events on Tadawul this week

2019-03-10 05:25:03 GMT (
Exclusive – FXNewstoday: Shareholders in the Saudi Stock Exchange (Tadawul) are awaiting for a number of events this week, 10-14 March, as follows:   Saudi Arabian Mining Company ...

Saudi Arabia’s oil output set to increase in April, says Al-Falih

2019-03-10 03:25:00 GMT (
Saudi Arabia’s production of crude oil is expected to increase in April, compared to this month, according to Saudi Energy Minister Khalid Al-Falih.   During a visit to New Delhi, the ...

Standard Chartered sees UAE economic growth at 3.5% in 2019

2019-03-10 02:30:57 GMT (
The UAE’s economy is expected to grow by 3.5% in 2019, according to Standard Chartered Group’s chairman. These expectations come in line with those of the International Monetary Fund at ...

Almarai redeems SAR 1 billion Sukuk – series I

2019-03-07 07:09:38 GMT (
Almarai Co. on Thursday announced in a bourse filing that it has completely redeemed its SAR 1 billion Sukuk – series I. The relevant financial impact will appear in earnings of Q1 2019, the ...

Taiba Holding FY18 profit falls 56%; board recommends SAR0.5/share dividend

2019-03-07 06:57:33 GMT (
Taiba Holding Company on Thursday posted a 55.9% decline in net profit for the fiscal year ended on December 31, 2018, according to a bourse statement.   The company generated SAR 64.4 million ...

DIB shareholders OK AED2.3 billion dividend distribution

2019-03-07 05:42:46 GMT (
Dubai Islamic Bank (DIB) received the approval of shareholders on the proposed dividend distribution at 35% of capital, or 35 fils per share, totaling AED 2.3 billion, for the fiscal year ...

Tabreed gets shareholders’ nod on 9.5 fils/share dividend for 2018

2019-03-07 05:35:42 GMT (
National Central Cooling Company PJSC (Tabreed) announced it obtained the approval of its ordinary general assembly meeting, held on Wednesday, for the distribution of cash dividends at 9.5 fils per ...

SARCO board recommends SAR0.75/share dividend for 2018

2019-03-07 05:19:17 GMT (
The board of directors of Saudi Arabian Refineries Co. (SARCO) recommended the distribution of cash dividends for the fiscal year at SAR 0.75 per share, or 7.5% of stock par value, totaling SAR ...

UAE’s Nakheel posts 23% decline in 2018 profit

2019-03-07 04:00:42 GMT (
UAE’s property developer Nakheel on Wednesday announced a net profit of AED4.38 billion for 2018, down from AED5.67 billion in 2017.   The Dubai-based company said its total equity has ...

Al Othaim Markets FY18 profit falls 33%; board recommends SAR3/share dividend

2019-03-06 06:38:10 GMT (
Abdullah Al Othaim Markets Co. on Wednesday posted a 32.7% decline in net profit for the fiscal year ended on December 31, 2018, according to a bourse statement.   The company generated SAR ...

UAE’s Tabreed sees stronger performance in 2019 on expansions, contracts

2019-03-06 03:04:39 GMT (
UAE-based National Central Cooling Company, or  Tabreed, is expected to see a strong performance during 2019 compared with a year earlier, said CEO Jasim Thabet.   Such performance will ...

Emirates Global Aluminium to develop bauxite usage in construction

2019-03-06 02:52:08 GMT (
UAE’s Emirates Global Aluminium (EGA) announced that it will intensify research partnership with the European research and technology organisation, Vito NV to find uses for bauxite residue by ...
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