logo
Sinad Holding acquires 5% Stake in Waja

Sinad Holding acquires 5% Stake in Waja

Argaam27-03-2025
Sinad Holding Co. completed of the acquisition of a 5% stake in Waja Co.
Nomu-parallel-market saw today, March 27, three negotiated deals, including two on Waja shares. The deals involved 3.5 million shares at SAR 6.50 each, totaling SAR 22.75 million.
Waja has a capital of 70 million shares, making the acquired stake 3.5 million shares. The stock closed at SAR 8.20 in Nomu today.
Waja operates in contracting, advertising, communications, and IT.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ZATCA Reminds Businesses to Submit July VAT Returns by August 31
ZATCA Reminds Businesses to Submit July VAT Returns by August 31

Leaders

time7 hours ago

  • Leaders

ZATCA Reminds Businesses to Submit July VAT Returns by August 31

The Zakat, Tax and Customs Authority (ZATCA) has reminded businesses subject to Value Added Tax (VAT) with annual supplies exceeding SAR 40 million to file their July tax returns no later than August 31. The Authority urged businesses to file promptly through its website ( or the official ZATCA app to avoid late-filing penalties, which range from 5% to 25% of the VAT due. For inquiries, taxpayers can reach ZATCA via its 24/7 call center at 19993, through its X (Twitter) account @Zatca_Care, by email at info@ or via live chat on the website. VAT is one of the active tax systems in Saudi Arabia. It is an indirect tax applied to most goods and services supplied by businesses, with some exceptions. Related Topics: ZATCA Announces 19th Wave of E-Invoicing Integration Hajj 2025: SDAIA Boosts Makkah Route Initiative with Technical Services Ivorian Hajj Pilgrims Applaud Makkah Route Initiative Makkah Route Initiative: Saudi Arabia Streamlines Luggage Handling for Pilgrims – Video Short link : Post Views: 24 Related Stories

View's ongoing, under-development projects portfolio at SAR 500M: Chairman
View's ongoing, under-development projects portfolio at SAR 500M: Chairman

Argaam

time7 hours ago

  • Argaam

View's ongoing, under-development projects portfolio at SAR 500M: Chairman

The Nomu-listed View United Real Estate Development Co. 's real estate portfolio of ongoing and under-development projects is valued at around SAR 500 million, Chairman Ahmad Al-Harbi told Argaam. The portfolio includes residential and commercial projects, as well as developed land, reflecting the company's diversified future revenues and resilience to market shifts. Al-Harbi said the company posted exceptional growth in net profit during H1 2025, rising 132% year-on-year (YoY), supported by higher operating revenues, increased sales, and improved efficiency in operating and administrative costs. He added that revenues doubled during the period, driven by growth in land sales in both volume and value, in addition to higher sales from real estate projects, particularly off-plan units. The balance between the two activities strengthened the company's ability to diversify income sources and ensure sustainable growth, Al-Harbi said. He revealed that the sharp increase in revenues directly boosted profit margins, with both gross profit margin (GPM) and net profit margin (TTM) expanding, thanks to effective cost management that translated revenue growth into sustainable profit. The Chairman expected View to maintain growth momentum in H2 2025, backed by accelerated delivery of residential projects and the completion of several land transactions.

Shaker board recommends 22% capital hike via bonus issue, employee stock plan
Shaker board recommends 22% capital hike via bonus issue, employee stock plan

Argaam

time11 hours ago

  • Argaam

Shaker board recommends 22% capital hike via bonus issue, employee stock plan

Al Hassan Ghazi Ibrahim Shaker Co.'s (Shaker) board of directors recommended, on Aug. 20, a 22% capital increase from SAR 555 million to SAR 677.1 million, according to a statement to Tadawul. The capital top up will be through the distribution of 11.1 million bonus shares, or 20% of the capital before the increase, via a 1-for-5 bonus share issue. Additionally, the company plans to establish an employee stock program under a long-term incentive plan, allocating 1.11 million shares from the capital increase, representing 2% of the pre-increase capital. Fractional shares, if any, will be compiled into a single portfolio for all shareholders, and will be sold at market price. Their value will be distributed to eligible shareholders pro rata within a period not exceeding 30 days.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store