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Saudi Industrial Services Company (SISCO), Saudi Arabia’s leading strategic investor in Ports & Terminals, Logistics Parks & Services, and Water Solutions, has reported tripling of Q3 of 2022 net income on stable revenues.
Saudi Industrial Services Company (SISCO) reported a 364.5 percent jump in net income from the second to third quarter of 2022 due to improved margins.For
RIYADH: Saudi Industrial Services Co., known as SISCO, posted a 69 percent drop in profit for the first nine months of 2022 as a result of ports and water sector revenues drop. Profits of SISCO, which is a strategic investor in ports, terminals and logistics parks, have dropped to SR18.3 million ($4.9 million), down from SR58.7 million, according to a bourse filing. The drop
RIYADH: The Saudi Industrial Services Co. has appointed Khalid Suleimani as CEO, effective Nov. 1. The decision was made following the resignation of Mohammed Al-Mudarres from his position as CEO “due to his desire to move to his own business”, according to a bourse filing. Al-Mudarres, however, will remain a consultant to SISCO’s subsidiaries and associate companies, as well
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