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Saudi-made air conditioners win first place

Saudi-made air conditioners win first place
RIYADH, 5 hours, 15 minutes
ago
The Secretariat of the Arab Ministerial Council of Electricity (AMCE), an offshoot of the Arab League s Energy Department, has honoured the Saudi Energy Efficiency Centre (SEEC) for its High Efficiency Air Conditioners (HEAC) Initiative. HEAC had won the first place in this year s Arab Energy Efficiency Day Competition.

During a virtual awards ceremony, SEEC President Nasser Al-Ghamdi said that winning the award is a motivation for the centre to achieve more successes, adding that the HEAC initiative was launched in 2018 as part of the National Industrial Development and Logistics Programme (NIDLP), one of the realisation programmes of the Saudi Vision 2030, with the aim of boosting household energy efficiency and encouraging national industries, an SPA report said. ....

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Saudi AC distributor sees 30.5% increase in Q1 revenue

RIYADH: Al Hassan Ghazi Ibrahim Shaker Co. (Shaker), a Saudi importer, manufacturer and distributor of air conditioners (ACs) and home appliances, has reported that revenue in the first three months of 2021 grew 30.5 percent year-on-year to SR288.3 million ($76.88 million), resulting in a net profit of SR4.5 million for the quarter.
The quarterly rebound is in contrast to a net loss of SR3.3 million in the same period last year.
Mohammed Ibrahim Abunayyan, CEO of Shaker, said in a press statement: “During the first quarter our team continued to demonstrate flexibility to operate in a challenging environment and deliver strong sales and earnings. At the beginning of the year, we rolled out our 2021-2023 strategy and we are pleased to already see the results of our growth plan. ....

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Shaker swings to Q1 net profit, revenue grows 30.5pc

Shaker swings to Q1 net profit, revenue grows 30.5pc
RIYADH, 22 days
ago
Al Hassan Ghazi Ibrahim Shaker Company (Shaker), a leading Saudi-based manufacturer and distributor of air-conditioners and home appliances, has registered a net profit of SR4.5 million ($1.2 million) for the first three months, compared to a net loss of SR3.3 million ($879,522) last year.

Announcing its financial results for the three-month period ended March 31, Shaker said it has achieved revenue of SR288.3 million, growing by 30.5% compared to Q1 last year and by 46.7% compared to the previous quarter. Also its gross profit of SR57.6 million increased by 16.8% year-on-year.

The third consecutive profitable quarter was mainly due to Shaker s strong and sustained growth in revenues in addition to the management s ongoing optimization and cost saving measures, a focus on innovation, and the success of the company’s product portfolio strategy. ....

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Ministry of Energy launches new brand identity

Saudi Arabia's Ministry of Energy revealed on Monday the details of its new brand identity, which symbolizes the ....

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Saudi Arabia LED Lighting Market Outlook to 2023 - by Type of LEDs, Usage, Sector, Region and Sales - ResearchAndMarkets.com

Saudi Arabia LED Lighting Market Outlook to 2023 - by Type of LEDs, Usage, Sector, Region and Sales - ResearchAndMarkets.com
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