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Strap in and get ready for a quick overview:
SACO-
Saudi Company for Hardware’s net losses fell 51% y-o-y to SAR 69 mn in 2023, while revenues declined 18.2% y-o-y to SAR 930 mn over the same period, it said in a disclosure to Tadawul. The company’s BoD has advised against paying dividends for FY 2023 to improve its finances, it said in a separate disclosure..
TAWUNIYA-
Tawuniya’s net income doubled y-o-y to SAR 616 mn in 2023, while revenues were up 34% y-o-y to SAR 15.3 bn over the same period, it said in a disclosure to Tadawul.
SHL FINANCE-
SHL Finance’s net income decreased 97.6% y-o-y to SAR 2.3 mn in 2023, and revenues were down 44% y-o-y to SAR 94 mn over the same period, it said in a disclosure to Tadawul.
ALANDALUS-
Alandalus Property’s net income decreased 45.5% y-o-y to SAR 36.4 mn in 2023, while revenues were basically unchanged, falling 0.4% y-o-y to SAR 215 mn over the same period, it said in a disclosure to Tadawul. The company’s BoD has approved a dividend payout of SAR 23.3 mn at SAR 0.25 per share for 2H 2023, it said in a separate disclosure. Payments will be made to eligible shareholders on Tuesday, 26 March.
RIYADH CABLES-
Riyadh Cables Group’s net income increased 47% y-o-y to SAR 519 mn in 2023, while revenues were up 14% y-o-y to SAR 7.8 bn over the same period, it said in a disclosure to Tadawul. The company’s BoD has recommended a dividend payout of SAR 224.6 mn at SAR 1.5 per share for 2H 2023, it said in a separate disclosure.
MARAFIQ-
Power and Water Utility Company for Jubail and Yanbu’s net income decreased 38% y-o-y to SAR 526 mn in 2023, while revenues fell 1.8% y-o-y to SAR 6.4 bn over the same period, it said in a disclosure to Tadawul.
THIMAR-
Thimar Development Holding’s net losses doubled y-o-y to SAR 6.5 mn in 2023, and it made zero revenues last year, according to a disclosure to Tadawul. The accumulated losses have exceeded the company’s entire capital for the third year in a row, explaining the ongoing financial restructuring, according to an audit report (pdf).
SAUDI CEMENT-
Saudi Cement’s net income decreased 4.5% y-o-y to SAR 381 mn in 2023, while revenues were up 3% y-o-y to SAR 1.5 bn over the same period, it said in a disclosure to Tadawul.
MESC-
Middle East Specialized Cables has turned into the black with a net income of SAR 49 mn in 2023, while revenues were up 13.8% y-o-y to SAR 927 mn over the same period, it said in a disclosure to Tadawul.
ARABIAN PIPES COMPANY-
Arabian Pipes has turned into the black with a net income of SAR 132 mn in 2023, while revenues doubled to SAR 1 bn over the same period, it said in a disclosure to Tadawul.
ALAKARIA-
Saudi Real Estate’s net income fell 39% y-o-y to SAR 67.6 mn in 2023, and revenues were down 11.6% y-o-y to SAR 1.8 bn over the same period, it said in a disclosure to Tadawul.
