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Top News In சவுதி காகிதம் உற்பத்தி இணை Today - Breaking & Trending Today

10 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Monday.
- Saudi Basic Industries Corp.’s (SABIC) net profit after Zakat and tax declined to SR 40 million ($10.66 million) for fiscal year 2020.
- Saudi Industrial Investment Group (SIIG) reported net profit after Zakat and tax of SR 92 million for FY2020, plunging 85 percent year-on-year (YoY).
- United Wire Factories Co. (Aslak) reported an estimated net profit after Zakat and Tax of SR 62.1 million for FY2020, an increase of 181 percent YoY.
- Yanbu Cement Co.’s board of directors recommended 5 percent capital cut to SR 1 billion from SR 1.575 billion through writing off shares, as the company had excess capital. ....

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Saudi Paper files lawsuit against ex-CEO on violations of $10.9m

Saudi Paper Manufacturing Co. filed a liability lawsuit with the Commercial Court against ex-board member and CEO Hassan Asiree on Thursday, Jan. 28, 2021, the company said in a filing to Tadawul. The company took this legal action due to financial and administrative violations committed by Asiree, with an estimated value of SAR 40.95 million ($10.9 million), which includes ....

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Sulaiman Azzabin, deputy chairman of Saudi Paper Manufacturing Co.

Sulaiman Azzabin has been deputy chairman of Saudi Paper Manufacturing Co. since March 2020 and a board member of the company since November 2018.
Before that he was deputy minister of social development at the Ministry of Labor and Social Development, and CEO of Deutsche Gulf Finance Corp. and Al-Rajhi Bank.
He worked at Saudi Basic Industries Corp. (SABIC) between 1995 and 2007 before moving to Al-Rajhi Bank in 2007 where he worked in the risk management unit and international business unit.
In 2009, he was appointed director of comprehensive risk before heading the corporate finance client department. Later, he was named director-general of the bank’s international business group. ....

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6 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Tuesday.
Advanced Petrochemical Co. reported an estimated net profit after Zakat and tax of SAR 596 million for fiscal year 2020, down 22% year-on-year (YoY).
Jazan Energy and Development Co. (JAZADCO) received the initial ruling issued by Riyadh Commercial Court, rejecting the case against the former board of directors of Tabuk Fisheries Co.
Saudi Paper Manufacturing Co. accepted the resignation of independent board member, Fahad Bin Saad Al-Sheaibi.
The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (MEDGULF) received the certification of Sharia compliance by Shariyah Review Bureau.
Zahrat Al Waha for Trading Co. concluded an agreement with Argaam Investments Co. to design an investor relations (IR) web page on its website and launch a special IR mobile app for Android and iOS smartphones. ....

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9 things you need to know on Tadawul today

KSA’s Alhokair eyes 57 new F&B outlets, 50 more retail stores
Group aiming to open around 57 food and beverage outlets in next 12 to 16 months, at least another 50 retail stores
Updated 11 min 24 sec ago
Arab News
March 25, 2021 19:43
DUBAI: Saudi retail conglomerate Fawaz Abdulaziz Alhokair Co. (Alhokair) is moving forward with an ambitious expansion plan, aiming to open around 57 food and beverage outlets in the next 12 to 16 months, and at least another 50 retail stores in the fashion, cosmetics, beauty and sports sectors, the company’s CEO told Arab News.
“We are always exploring every interesting brand that has a future potential, ‘omni-chanellable,’ ‘Instagramable,’ and has a potential in the Saudi market,” Marwan Moukarzel, CEO of Alhokair, told Arab News, adding that he aims to add another two or three international brands in the coming weeks. ....

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