Saudi Company for Hardware (SACO) News - Mubasher Info
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22 July 02:06 AM

Saudi Company for Hardware (4008)

Last update: 22 June 02:26 PM market time.
23.30
1.31
5.96%
Open 23.15
Previous Close 21.99
High 23.45
Low 23.03
Stock Statistics
Volume 59,044
Turnover 1,369,358.11
All data are 15 minutes late during market session

News

Photo Archive
21 July 06:02 PM SACO announces Chairman for new term
Riyadh – Mubasher: The board of Saudi Company for Hardware (SACO) has appointed its leadership and the formation of several board committees following its general assembly meeting held on 17 June 2026. The board of directors, meeting on 20 July …
Board of Directors
Photo Archive
21 July 03:38 PM SACO names Managing Director as CEO term ends
Riyadh – Mubasher: The board of Saudi Company for Hardware (SACO) decided on 20 July 2026 not to renew the employment contract of CEO Abdel Salam Bdeir. The contract is scheduled to conclude on 31 October 2026, according to a bourse disclosure. In …
Corporate Actions
Photo Archive
21 July 10:14 AM SACO appoints new audit committee
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) announced the formation of its audit committee for the new board term, which commenced on 20 July 2026. The committee’s tenure is scheduled to last for three years, concluding on 19 July …
Management Decisions
Saudi Company for Hardware (SACO)
18 June 01:17 PM SACO shareholders elect new board, authorize interim dividends for 2026
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has announced the results of its Ordinary General Assembly meeting held on 17 June 2026, during which the shareholders approved the election of a new Board of Directors for the upcoming …
Management Decisions
Photo Archive
2 February 02:53 PM SACO obtains SAR 150m loan from SNB
Riyadh – Mubasher: Saudi Company for Hardware (SACO) secured a Shariah-compliant credit facilities agreement valued at SAR 150 million from the Saudi National Bank (SNB) on 1 February 2026. The investment will be used to finance the company’s …
Banking and Finance
Photo Archive
13 November 2023 05:17 PM SACO’s net losses shrink nearly 32% in 9M-23; accumulated losses unveiled
Riyadh – Mubasher: Saudi Company for Hardware (SACO) recorded 31.61% lower net losses after Zakat and tax to SAR 44.65 million during the first nine months (9M) of 2023 from SAR 65.29 million in 9M-22.   The revenues shrank by 16.19% year-on-year …
Financial Results
Photo Archive
16 October 2022 05:26 PM SACO’s CEO resigns; Bdeir succeeds
Riyadh – Mubasher: Haytham Al Hamidi resigned from his post as the CEO of the Saudi Company for Hardware (SACO) on 13 October 2022 due to personal reasons, according to a recent bourse filing. The board announced that Abdel Salam Bdeir will be …
Management Decisions
Photo Archive
9 March 2022 03:58 PM SACO turns to losses in 2021
Riyadh – Mubasher: Saudi Company for Hardware (SACO) has incurred net losses after Zakat and tax worth SAR 28.49 million in 2021, against profits amounting to SAR 85.53 million in 2020. The company’s revenues reached SAR 1.27 billion, a 14.12% …
Financial Results
Photo Archive
9 January 2022 09:40 AM SACO opens new store in Makkah city
Riyadh – Mubasher: Saudi Company for Hardware (SACO) has opened a new store in Makkah city to raise the total number of its stores across Saudi Arabia to 35. Spanning over 4,732 square metres, the new store is located at Alawali district, …
Companies Investments
Earnings per share stood at SAR 0.84 in H1-21
1 August 2021 05:37 PM SACO logs SAR 30m profits in H1-21, halts dividends
Riyadh – Mubasher: Saudi Company for Hardware (SACO) registered a 32.9% decrease in net profits after Zakat and tax at SAR 30.08 million in the first half (H1) of 2021 from SAR 44.86 million in H1-20. Earnings per share stood at SAR 0.84 in H1-21, …
Cash Dividends
SACO has raised the loan value by SAR 82.04 million
9 June 2021 05:46 PM SACO increases loan value from SABB to SAR 413m
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has raised the value of the credit facilities obtained from the Saudi British Bank (SABB) to SAR 412.95 million. Based on the contract signed between the two parties in 2019, SACO has raised …
Banking and Finance
SACO will distribute SAR 0.75 per share in dividends next month
14 March 2021 10:55 AM SACO posts 39% higher profits in 2020
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) reported a 38.8% growth in net profit after zakat and tax during 2020, as shown by the company’s annual financial results on Sunday. Net profits stood at SAR 85.53 million last year, up from …
Cash Dividends
Photo Archive
15 December 2020 03:48 PM SACO opens new store in Khamis Mushait City
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) inaugurated on Tuesday a store in Khamis Mushait City that spans an area of 5,629 square meters. The store, located at King Fahad Road, is expected to increase the turnover and profitability …
Companies Investments
Photo Archive
2 November 2020 10:52 AM SACO permanently closes Al Qasr Mall showroom
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has permanently closed on 1 November 2020 its showroom located in Al Qasr Mall in the mid-southern part of Riyadh city. The move has no material impact on the company’s financials, as its …
Companies Investments
The company's revenues declined by 5.5%
1 November 2020 03:04 PM SACO's net profits jump 12.6% in Q3-20
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) saw a 12.57% rise in net profits after Zakat and tax to SAR 16.48 million during the third quarter (Q3) of 2020 from SAR 14.64 million in the corresponding quarter of 2019. The increase in …
Financial Results
SACO's revenue hiked by 13.3% annually in Q2
26 July 2020 09:52 AM SACO’s profits rise 53% in Q2-20; dividends approved
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) gained net profits worth SAR 33.14 million during the second quarter (Q2) ended on 30 June 2020, compared to SAR 21.69 million in the same period last year, posting a 52.78% surge. The …
Financial Results
COVID-19 resulted in decreased sales and less promotional activities
10 May 2020 00:09 PM SACO records 39% decline in Q1 profits
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) achieved a net profit after zakat and tax of SAR 11.72 million during the first quarter (Q1) of 2020, posting a 39% decline compared with the same period last year. Revenues decreased by …
Financial Results
Sales rose by 4.8% annually by 2019 year-end
25 March 2020 11:14 AM SACO’s profit shrinks 37% in FY19
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) registered a net profit after tax and zakat worth SAR 61.63 million during 2019, down by 37% from SAR 97.88 million in 2018. Sales rose by 4.8% last year to stand at SAR 1.46 billion from …
Board of Directors
The 22-year contract involves land investment in Jeddah
2 March 2020 05:44 PM SACO signs SAR 194m land investment contract
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has signed a contract with one of the owners of Abrar International Holding Company. The contract involves land investment in Jeddah, with a value of SAR 194 million and a duration of 22 …
Companies Investments
SACO now has 34 stores in 18 cities across Saudi Arabia
3 February 2020 10:51 AM SACO Hardware inaugurates new store in Riyadh
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) announced the opening of a new store in Riyadh. The store spans across an area of 6,089 square meters and is located on the Southern Ring Road in the Aziziah district. It brings the total …
Companies Investments
Haytham Al Hamidi has been named as CEO
2 January 2020 04:19 PM SACO CEO resigns; board appoints Haytham Al Hamidi
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) announced the resignation of CEO Sameer Al Hamidi, upon his request, after serving the company for nearly 35 years. The decision has been accepted by the Board of Directors, which decided to …
Company News
The credit facility duration is five years
20 December 2019 00:14 PM SACO secures SAR 100m Islamic financing from GIB
Riyadh – Mubasher: Saudi Company for Hardware (SACO) said that it signed an Islamic banking facilities deal with Gulf International Bank (GIB) worth SAR 100 million, according to a statement to the Saudi Stock Exchange (Tadawul). SACO aims through …
Company News
The credit facility will finance working capital and capital expenditure requirements
14 November 2019 10:57 AM SACO, SABB ink SAR 331m finance agreement
Riyadh – Mubasher: Saudi Company for Hardware (SACO) announced signing an Islamic banking facilities agreement with the Saudi British Bank (SABB) worth SAR 330.9 million. The credit facility duration is seven years, including a two-year grace …
Company News
Net profit after zakat and tax hits SAR 55.6m in 9M
31 October 2019 10:08 PM SACO’s profit drops 40% YoY in Q3-19
Riyadh – Mubasher: Saudi Company for Hardware (SACO) has posted a 40% year-on-year profit decline during the third quarter of the fiscal year 2019. The company’s net profit after zakat and tax went down to SAR 14.64 million in Q3-19, compared to …
Financial Results
The new store is located at Jubail industrial city
5 August 2019 04:11 PM SACO opens new store in Jubail
Riyadh – Mubasher: Saudi Company for Hardware (SACO) has opened a new store in Jubail on Sunday, 4 August. Spread over an area of 5,142 square metres, the new store is located at Jubail industrial city, according to the company’s filing to the …
Companies Investments