Saudi Cable Co (2110)

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News

9 May 2024 05:32 PM Saudi Cable’s board recommends capital increase via rights issue

Riyadh – Mubasher: The board of Saudi Cable Company suggested, in its 8 May 2024 meeting, a capital hike through a rights issue, according to a bourse disclosure. The company would raise the capital by SAR 400 million upon the approvals of the …

Board of Directors

17 April 2024 10:41 AM Saudi Cable names new CEO, Managing Director

Riyadh – Mubasher: Saudi Cable Company named Fawaz Mubarak Al Muqbel as its new CEO as of 17 April 2024, according to a bourse disclosure. Al Muqbel succeeded Nael Samir Fayez, who was appointed as the company’s CEO in February 2023 and currently …

Management Decisions

14 April 2024 05:34 PM Saudi Cable unveils 2 key appointments

Riyadh – Mubasher: Saudi Cable Company has appointed Sabri Alghamdi as the new Chairman of the company upon the board’s resolution on 7 April 2024, which built on the ordinary general meeting’s (OGM) approval on 3 April. The company also announced …

General Assembly

29 November 2023 10:52 AM Saudi Cable unveils SAR 233m tripartite agreement

Riyadh - Mubasher: Saudi Cable Company inked a tripartite agreement to transfer the debt of Al Rajhi Banking and Investment Company and Tathmeer Investment Company, according to a bourse filing. Under the joint deal, Al Rajhi transferred its right …

Companies Investments

1 February 2023 03:40 PM Saudi Cable announces Fayez as new CEO

Riyadh - Mubasher: Saudi Cable Company has named Nael Sameer Mohammad Fayez as its new CEO for one year, according to a bourse filing. Fayez, who was appointed as the company’s Managing Director in July 2022, assumed his new role on 1 February …

Management Decisions

2 January 2023 04:55 PM Saudi Cable’s board mulls over 419.5% capital hike; reduction proposal cancelled

Riyadh – Mubasher: The board of Saudi Cable Company recommended to increase the company’s capital to SAR 346.72 million from SAR 66.72 million by offering priority rights shares. The number of shares will reach 34.67 million shares, compared to …

Corporate Actions

19 October 2022 01:50 PM Saudi Cable’s board recommends capital reduction, cut

Riyadh – Mubasher: The board of Saudi Cable Company has proposed, on 19 October, to decrease then increase the capital by 89.50% and 4,000%, respectively. The board aims to shrink the capital by cancelling 5.97 million shares, equivalent to 0.895 …

Management Decisions

15 September 2022 04:46 PM Saudi Cable’s accumulated losses shrink to SAR 60m

Riyadh – Mubasher: The accumulated losses of Saudi Cable Company plunged by 69.40% to SAR 59.81 million as of 31 July 2022, accounting for 89.60% of the recently reduced capital. The lower accumulated losses followed a 74.60% capital cut to SAR …

Corporate Actions

28 July 2022 06:49 PM Saudi Cable names new Managing Director

Riyadh - Mubasher: Saudi Cable Company has appointed Nael Fayez as the new Managing Director, according to a bourse filing on Thursday. Fayez will assume his new role on 1 August 2022 and will remain in position until 13 January 2024. The new …

Management Decisions

2 June 2022 04:50 PM Saudi Cable proposes 75% capital cut, subsequent capital raise

Riyadh – Mubasher: The board of Saudi Cable Company has recommended reducing capital by 74.6% and then increasing it by offering rights shares. By cancelling 19.55 million of the company’s shares, the company will cut its capital to SAR 66.72 …

Board of Directors

21 February 2022 02:26 PM Saudi Cable’s shareholders approve 27% capital decrease; fluctuation limits set

Riyadh - Mubasher: The Saudi Cable Company’s extraordinary general meeting (EGM) approved, on 20 February, the board’s recommendation to cut the capital by 27.26% to SAR 262.31 million from SAR 360.61 million. The number of shares should be …

General Assembly

2 February 2022 03:22 PM Saudi Cable incurs 63% accumulated losses

Riyadh – Mubasher: Saudi Cable Company’s accumulated losses amounted to SAR 227.2 million, representing 63.01% of the capital, as of 31 January 2022. Saudi Cable has logged accumulated losses due to the decrease in the current period’s volume, the …

Financial Results

3 November 2021 05:24 PM Saudi Cable incurs losses in Q3, nine months

Riyadh – Mubasher: Saudi Cable Company turned to net losses after Zakat and tax worth SAR 46.55 million in the third quarter (Q3) of 2021 against profits of SAR 51.4 million in Q3-20. Sales plummeted by 74.6% year-on-year (YoY) to SAR 23.5 million …

Financial Results

24 August 2021 10:20 AM Saudi Cable submits capital cut, raise request to CMA

Riyadh – Mubasher: Saudi Cable Company has submitted a request to the Saudi Capital Market Authority (CMA) to reduce the capital by SAR 98.3 million. The company also submitted on 23 August its request to later increase the capital by SAR 500 …

Corporate Actions

17 August 2021 04:57 PM Saudi Cable’s H1-21 losses shrink 8%; accumulated losses hit SAR 117.5m

Riyadh – Mubasher: Saudi Cable Company registered net losses after Zakat and tax worth SAR 55.06 million in the first half (H1) of 2021, lower by 7.8% than SAR 59.77 million in H1-20. Revenues decreased by 48% to SAR 105.2 million in H1-21 from …

Financial Results

4 July 2021 04:13 PM Saudi Cable’s board proposes capital cut, rights issue

Riyadh - Mubasher: Saudi Cable Company’s board of directors recommended a 27.26% capital reduction to SAR 262.31 million from SAR 360.61 million. The decision is aimed at restructuring the company’s capital and writing off the accumulated losses, …

Corporate Actions

27 May 2021 05:23 PM Saudi Cable appoints Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Cable Company has appointed Abdulrahman Al khayal as the Chairman of the board as of 27 May 2021, according to a bourse filing on Thursday. The company has also appointed Noha Sulaimani as the Vice Chairman of the board. …

Corporate Actions

23 May 2021 00:20 PM Saudi Cable incurs SAR 36m net loss in Q1

Riyadh – Mubasher: Saudi Cable Company suffered a net loss after Zakat and tax of SAR 35.88 million in the first quarter (Q1) of 2021, down by 16.9% from SAR 43.19 million in the same period in 2020. Loss per share stood at SAR 1 in Q1-21, …

Financial Results

5 May 2021 10:19 AM Saudi Cable buys SAR 200m assets

Riyadh – Mubasher: Saudi Cable Company purchased new cars from Al Nawasi Gulf Trading Company for SAR 200 million, according to a bourse disclosure on Wednesday. The value of the assets will be paid through annual instalments over five years, with …

Companies Investments

7 April 2021 10:30 AM Saudi Cable’s losses shrink 11% in 2020

Riyadh – Mubasher: Saudi Cable Company reported an 11% year-on-year (YoY) decrease in net loss after Zakat and tax to SAR 55.01 million in 2020, compared with SAR 61.83 million. Revenues declined 3.27% YoY to SAR 368.77 million from SAR 381.27 …

Financial Results

25 February 2021 10:38 AM Saudi Cable plans SAR 360m capital increase

Riyadh – Mubasher: Saudi Cable Company’s (SCC) board recommended increasing the company’s capital by SAR 360 million by way of a rights issue.   The capital hike aims to restructure the company’s capital and pump new funds to help the company …

Board of Directors

11 November 2020 09:04 AM Saudi Cable turns profitable in Q3

Riyadh – Mubasher: Saudi Cable Company (SCC) returned to profitability in this year’s third quarter (Q3), achieving SAR 51.4 million in net earnings, against net losses of SAR 23.8 million in the year-ago period. The move to profits was helped by …

Financial Results

25 August 2020 10:36 AM Saudi Cable narrows Q2 losses by 9%

Riyadh – Mubasher: The net losses of Saudi Cable Company (SCC) fell by 9.49% during the second quarter (Q2) of 2020 to stand at SAR 16.58 million, compared with SAR 18.32 million in the corresponding quarter in the previous year. The drop in …

Financial Results

9 August 2020 04:21 PM Saudi Cable reschedules more than SAR 180m facility

Riyadh – Mubasher: Saudi Cable Company (SCC) sealed on Sunday an agreement with a noncommercial creditor to reschedule a material supply facility offered by Noble Resources International. The total value of the credit facility is SAR 180.78 …

Banking and Finance

21 June 2020 04:12 PM Saudi Cable’s losses up 34% in Q1-20

Riyadh – Mubasher: Saudi Cable Company (SCC) achieved a 34.6% annual growth in net losses after Zakat and tax during the first quarter (Q1) of 2020 at SAR 43.2 million. Revenues shrank by 41.8% annually to reach SAR 59.5 million in the first three …

Financial Results