Latest news with #Takween
Zawya
14-05-2025
- Business
- Zawya
Saudi: Takween incurs higher losses in Q1-25; accumulated losses hit 40% of capital
Riyadh – Takween Advanced Industries Company suffered 138.15% higher net losses at SAR 9.51 million in the first quarter (Q1) of 2025, compared to SAR 3.99 million in Q1-24. The revenues shrank by 20.82% to SAR 145 million as of 31 March 2025 from SAR 183.14 million a year earlier, according to the financial results. Loss per share hit SAR 0.12 in the first three months (3M) of 2025, versus SAR 0.07 in Q1-24. Quarterly, the Q1-25 revenues climbed by 1.49% from SAR 142.86 million as of 31 December 2024, while the net losses plunged by 80.96% from SAR 50 million. Accumulated Losses Takween reported accumulated losses valued at SAR 307.86 million at the end of March 2025, equivalent to 40.26% of the capital. The Saudi group incurred net losses worth SAR 75.83 million in 2024, down by 66.04% from SAR 223.33 million in 2023. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
02-04-2025
- Business
- Zawya
Takween announces 66% decline in 2024 net losses, 39% of capital accumulated losses
Riyadh – The net losses of Takween Advanced Industries Company shrank by 66.04% to SAR 75.83 million in 2024 compared to SAR 223.33 million in 2023. The loss per share decreased to SAR 1.05 in 2024 from SAR 4.09 a year earlier, according to a bourse filing. Takween generated revenue worth SAR 671.73 million in 2024, which was 17.90% lower than SAR 818.16 million in 2023. Accumulated Losses As of 31 December 2024, the accumulated losses of Takween stood at SAR 298.35 million. The amount represented 39.02% of the SAR 764.64 million capital. It is worth noting that the industrial company increased its capital in 2024 from SAR 300 million after it had obtained the regulatory approval from the Capital Market Authority (CMA). Source: Mubasher
Zawya
27-02-2025
- Business
- Zawya
Unico MEA takes over UAE fit-out group Takween
Unico Middle East and Africa, a leading player in general contracting for civil construction projects and interior fit-out sector, has announced the official acquisition of Takween Group, a leading UAE-based interior fit-out and construction company. Founded in 1997, Takween today is a leading provider of comprehensive interior design solutions across multiple sectors, including F&B, commercial, residential, medical and retail. With a strong 28-year legacy of passion and expertise, Takween has built a reputation for excellence in project execution, from inception to realisation and final delivery. "This acquisition strengthens Unico MEA's expansion into mega-sized new-fit projects, while Takween focuses on retrofit and small to mid-sized commercial, hospitality, and holiday home projects," said Nassim Abu Yousef, the Unico MEA Co-Founder, at the official signing ceremony held at Sofitel Hotel, Dubai Jumeirah Beach. The acquisition agreement was signed by Maya Mina, the Managing Partner of Unico MEA and Osayd Kilani, Managing Partner of Takween Group. The ceremony was attended by Vadim Abdullayev, CFO of Unico Group; Arqam Kilani, the Takween Co-Founder and other senior officials, thus marking the beginning of an exciting new chapter for both companies. On the key takeover, Maya Mina said: "Our combined expertise, with Takween successful team, will deliver innovative, high-quality solutions, ensuring our clients benefit from a stronger service offering." Unico Group Managing Partner Elchin Akhundov said: "This is a key step in our growth strategy for the Middle East, reflecting the group's commitment to the region's investment potential." "We warmly welcome the Takween family to Unico MEA and look forward to achieving new milestones together," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
27-02-2025
- Business
- Trade Arabia
Unico MEA takes over UAE fit-out group Takween
Unico Middle East and Africa, a leading player in general contracting for civil construction projects and interior fit-out sector, has announced the official acquisition of Takween Group, a leading UAE-based interior fit-out and construction company. Founded in 1997, Takween today is a leading provider of comprehensive interior design solutions across multiple sectors, including F&B, commercial, residential, medical and retail. With a strong 28-year legacy of passion and expertise, Takween has built a reputation for excellence in project execution, from inception to realisation and final delivery. "This acquisition strengthens Unico MEA's expansion into mega-sized new-fit projects, while Takween focuses on retrofit and small to mid-sized commercial, hospitality, and holiday home projects," said Nassim Abu Yousef, the Unico MEA Co-Founder, at the official signing ceremony held at Sofitel Hotel, Dubai Jumeirah Beach. The acquisition agreement was signed by Maya Mina, the Managing Partner of Unico MEA and Osayd Kilani, Managing Partner of Takween Group. The ceremony was attended by Vadim Abdullayev, CFO of Unico Group; Arqam Kilani, the Takween Co-Founder and other senior officials, thus marking the beginning of an exciting new chapter for both companies. On the key takeover, Maya Mina said: "Our combined expertise, with Takween successful team, will deliver innovative, high-quality solutions, ensuring our clients benefit from a stronger service offering." Unico Group Managing Partner Elchin Akhundov said: "This is a key step in our growth strategy for the Middle East, reflecting the group's commitment to the region's investment potential."
