Latest news with #SaudiAdvancedIndustriesCompany
Zawya
12-08-2025
- Business
- Zawya
Saudi: SAIC shifts to $29.3mln net losses in H1-25
Saudi Advanced Industries Company (SAIC) suffered net losses worth SAR 110.14 million in the first half (H1) of 2025, against net profits of SAR 217.24 million in H1-24. Negative revenues stood at SAR 91.12 million in H1-25, compared to sales amounting to SAR 241.49 million in H1-24, according to the financial results. Loss per share hit SAR 1.87 in the first six months (6M) of 2025, compared to earnings per share (EPS) of SAR 3.68 a year earlier. Financials for Q2-25 During the second quarter (Q2) of 2025, the company swung to net losses of SAR 115.39 million, versus a net profit of SAR 108.52 million in Q2-24. On a quarterly basis, SAIC turned to net losses in Q2-25 compared to net profits of SAR 5.25 million in Q1-25. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
25-03-2025
- Business
- Zawya
Saudi Advanced Industries secures $26mln loan from Alinma Bank
Saudi Advanced Industries Company (SAIC) has secured a SAR 100 million ($26.7 million) Shariah-compliant credit facility with Alinma Bank. The one-year financing will be used to expand SAIC's investments, said the investment holding company, which has interests in various industries, including petrochemicals, financial services, aviation and glass. The company posted a net profit of SAR 285.2 million for the first nine months of 2024, up by 156% from a year ago, according to its latest financial results. Net profit for the third quarter of the year, however, dropped by 37% year-on-year to SAR 67.9 million. (Writing by Cleofe Maceda; editing by Seban Scaria)
