Latest news with #SISCOHolding
Zawya
22-05-2025
- Business
- Zawya
SISCO Holding recognized as one of the Best Places to Work in Saudi Arabia for 2025
Jeddah, Saudi Arabia – SISCO Holding, a leading investment holding company in Saudi Arabia, has officially been certified as one of the Best Places to Work for 2025. This recognition is a testament to the company's unwavering commitment to building a workplace culture rooted in trust, collaboration, and people-first values. The company was highly rated across key areas including leadership, HR practices, teamwork, and employee engagement. Employees expressed strong confidence in the leadership team's vision and integrity, acknowledged the effectiveness of a transparent and growth-oriented HR framework, and highlighted a culture of trust, collaboration, and mutual respect. Additionally, high levels of engagement reflected a meaningful connection between employees and their work, driven by recognition, opportunity, and alignment with the company's values. In a statement from Maqbool Aswni, HRA Manager of Sisco Holding 'Receiving the Best Place to Work certification is not just a milestone—it's a reflection of the values we live every day. At SISCO Holding, we don't just say we care. We show it—in every conversation, every opportunity, and every success we celebrate together.' These results underscore the company's ongoing commitment to creating a supportive, inclusive, and high-performing workplace culture. By investing in leadership, people-centric practices, and a strong sense of community, the organization continues to position itself as an employer of choice in Saudi where employees feel valued, empowered, and inspired to contribute to a greater purpose. About SISCO Holding SISCO Holding is a diversified investment company operating in key sectors such as logistics, water solutions, and industrial services. Guided by a vision of sustainable growth and operational excellence, SISCO Holding continues to invest in its people as the foundation for future success. For more information, visit For more information about the certification program, please visit LinkedIn: Twitter: Facebook: Press Contact: Grace Kelly Email: grace@
Zawya
16-05-2025
- Business
- Zawya
Saudi: SISCO Holding turns profitable in Q1-25; dividends proposed
Riyadh - Sustained Infrastructure Holding Company (SISCO Holding) recorded net profits of SAR 24.70 million in the first quarter (Q1) of 2025, shifting from net losses worth SAR 21.10 million in Q1-24. The revenue surged by 27.63% to SAR 328.80 million in the January-March 2025 period from SAR 257.60 million in Q1-24, according to the financial results. The earnings per share (EPS) stood at SAR 0.30 in the first three months (3M) of 2025, against a loss per share of SAR 0.26 in the same period a year ago. Quarter-on-quarter (QoQ), the net profits in Q1-25 rose by 27.97% from SAR 19.30 million in Q4-24, while the revenue decreased by 6.74% from SAR 352.60 million. Dividends The board members of SISCO Holding recommended distributing cash dividends amounting to SAR 65.28 million, equivalent to 8% of the capital, for 2024. The Saudi company will pay SAR 0.80 per share for 81.60 million eligible shares. Meanwhile, the eligibility and payment dates will be announced at a later time. It is worth noting that in 2024, SISCO achieved a 13.70% year-on-year (YoY) growth in adjusted gross profit that reached SAR 641.40 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
13-03-2025
- Business
- Zawya
SISCO Holding says full-year revenue in 2024 resulted from strong performance in ports segment
Riyadh – Sustained Infrastructure Holding Company (SISCO Holding) unveiled that its full-year revenue, excluding accounting construction revenue, increased by 19.20% year-on-year (YoY) to SAR 1.25 billion in 2024, compared to SAR 1.05 billion. SISCO Holding noted that the registered revenue was backed by strong performance in ports segment, according to a press release. The adjusted gross profit in 2024 stood at SAR 641.40 million, up 13.70% YoY, driven by strong revenue growth and mix particularly in the ports segment. However, gross margins in 2024 declined to 51.10%, a decrease of 2.50% from prior year primarily due to an increase in depreciation and amortization, direct employee costs. Operating expenses increased as a result of an increase in employee expenses and professional fees, primarily in the ports segment. Moreover, the adjusted EBITDA increased to SAR 735.80 million, an increase of 15.60% YoY driven by strong revenue growth and mix primarily in the ports segment. However, adjusted EBITDA margins declined by 1.80% to 58.7% due to an increase in operating expenses mentioned above. During the fourth quarter (Q4) of 2024, the revenue increased by 27.70% compared to Q4-23, driven by strong performance in the ports segment. On a sequential basis, the Q4-24 revenues improved by 3.20% compared to Q3-24. Group CEO of SISCO, Khalid Suleimani, said: 'The ports segment revenue showed strong growth of 23% to exceed SAR 1 billion despite the Red Sea disruption, with Q4-24 revenue up 36.20% compared to the same period last year, underpinned by an exceptional year in the ports segment which led to an exceptional increase in gateway volumes and market share by RSGT.' Suleimani added: 'Our logistics segment achieved steady growth, with significant contributions from enhanced warehouse operations in LogiPoint and a robust performance from our portfolio company SA Talke, which saw strong growth in both revenue and net income. This year was particularly notable for our water solutions segment, Kindasa, where we formed a number of important partnerships and secured a key contract extension with the Saudi Ports Authority for the desalination plant at Jeddah Islamic Port until November 2041, which will help underpin the future profitability of the business.' The Group CEO noted: 'Over the year we made considerable progress in implementing our five-year strategy. Our ports and logistics segments capitalised on market opportunities with strategic capacity expansions—highlighted by securing a preliminary agreement for a SAR 1 billion joint venture with Gulf Islamic Investments for Grade A warehousing solutions together with continued expansion of warehousing capacity.' He concluded: 'We continue to expand our presence in the international ports sector through ongoing investment in the Patenga container terminal in Bangladesh, which is performing better than expected. Similarly, Tawzea's SAR 33 million contract with WEBUILD S.P.A. Saudi Arabia for Trojena Dam marked a significant milestone in our distribution strategy aimed at delivering diversified services and products.' It is worth noting that in October 2024, the listed company unveiled new brand identity where it adopted a new logo and visual identity in line with the new name to cement its strategic position as an investment holding company. Source: Mubasher
