Saudi Darb Investment Co. (4130)

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News

2 February 2025 01:52 PM Al Baha Investment’s 2024 net profit jumps 69.5% YoY

Riyadh – Mubasher: Al Baha Investment and Development Company generated a net profit worth SAR 8.37 million in 2024, marking a 69.48% increase from SAR 4.94 million in 2023. The revenue grew by 12.68% year-on-year (YoY) to SAR 18.09 million during …

Financial Results

12 September 2024 03:23 PM Al Baha Investment submits capital cut request to CMA

Riyadh – Mubasher: Al Baha Investment and Development Company submitted an application file to the Capital Market Authority (CMA), on 11 September 2024, to lower its capital. The Saudi firm aims to reduce the company's capital from SAR 297 million …

Management Decisions

30 October 2023 05:59 PM Al Baha Investment turns to profits in 9M-23; accumulated losses unveiled

Riyadh – Mubasher: Al Baha Investment and Development Company turned to net profits after Zakat and tax of SAR 2.42 million in the first nine months (9M) of 2023, compared with net losses of SAR 4.81 million in 9M-22. The company’s revenues rose …

Financial Results

10 July 2023 09:10 AM Al Baha Investment amends capital cut proposal

Riyadh – Mubasher: The board members of Al Baha Investment and Development Company changed its recommendation of reducing the company's capital to stand at SAR 207.90 million, instead of SAR 222.75 million. The capital cut proposal aims to …

Corporate Actions

29 November 2022 00:27 PM Al Baha Investment’s subsidiary buys SAR 65m asset in Riyadh

Riyadh – Mubasher: Ishraqh Regional Real Estate Development and Investment Company, owned by Al Baha Investment and Development Company, has purchased a commercial complex, showrooms, and offices for SAR 65 million, excluding real estate tax. The …

Real estate

23 November 2022 02:45 PM Al Baha Investment’s unit inks SAR 27m lease contract

Riyadh – Mubasher: Elegant Centers Company, a subsidiary of Al Baha Investment and Development Company, signed a lease agreement worth SAR 27.05 million with Saudi Modern Factory Company on 20 November 2022. Elegant Centers is leasing an …

Companies Investments

17 November 2022 02:05 PM Al Baha Investment’s unit purchases SAR 24m land in Riyadh

Riyadh – Mubasher: Elegant Centers Company, a subsidiary of Al Baha Investment and Development Company, bought an industrial land plot in Riyadh at a value of SAR 24 million, according to a bourse filing. The asset spans 25,058 square metres, on …

Companies Investments

23 May 2021 04:35 PM Al Baha Investment turns to loss in Q1

Riyadh – Mubasher: Al Baha Investment and Development Company incurred a net loss after Zakat and tax worth SAR 994,581 in the first quarter (Q1) of 2021, against a net profit of SAR 380,799 in the same period a year ago. The company registered a …

Financial Results

18 February 2021 10:10 AM Al Baha’s appeal against previous ruling for Al Sataa Modern rejected

Riyadh – Mubasher: Al Baha Investment and Development Company said its appeal against the court ruling in the lawsuit filed against Al Sataa Modern Contracting Company was rejected. The court obliged Al-Baha Investment to pay Al Sataa Modern …

Corporate Actions

10 November 2020 03:52 PM Al Baha Investment Q3 earnings down 16%

Riyadh – Mubasher: Al Baha Investment and Development Company’s net profits for the third quarter (Q3) of 2020 fell by around 16% year-on-year (YoY) to SAR 177,820. This fall was attributed to a slump in revenues and an increase in Zakat expense …

Financial Results

20 August 2020 09:13 AM Al Baha's unit inks SAR 31m lease deal with Tamimi Markets

Riyadh – Mubasher: Elegant Centers, an 86.96% owned subsidiary of Al Baha Investment and Development Company, has signed a contract with Tamimi Markets Company to lease a supermarket at one of its shopping malls in Riyadh. The contract is valued …

Companies Investments

30 December 2019 00:29 PM Al Baha settles tax appeal

Riyadh – Mubasher: Al Baha Investment and Development Company announced that it has received a resolution settling a tax appeal. The settlement will reduce a Zakat liability on the company for the years between 2000 and 2010 from SAR 16.85 million …

Taxes

20 November 2019 11:01 AM Al-Baha posts 66% rise in Q3 profits

Riyadh – Mubasher: Al-Baha Investment and Development Company posted a correction to its financial results for the nine-month period ended 30 September 2019, regarding operational profits. The company reported a 65.95% increase in profits during …

Financial Results

13 May 2019 11:21 AM Al Baha Investment turns to loss in Q1 on higher zakat

Riyadh – Mubasher: Al Baha Investment and Development Co registered a loss of nearly SAR 602,190 during the first quarter of 2019 against a profit of around SAR 747,900 in the same period last year. The losses incurred in Q1-19 is attributed to an …

Financial Results

17 December 2017 05:07 PM Al Baha’s unit acquires 100% of Ishraqah Regional Development

Riyadh – Mubasher: Al Marakiz Al Raqiyah Ltd signed on Thursday, 14 December, an agreement to acquire 100% of Ishraqah Regional Development & Real Estate Investment Co. Al Marakiz Al Raqiyah Ltd is 100%-owned subsidiary of Al Baha Investment and …

Mergers and Acquisitions

17 December 2017 11:34 AM Cable car project still owned by Baha, not scrapped yet

Riyadh – Mubasher: Al Baha Investment and Development on Sunday reiterated its ownership of the cable car project, indicating that the project has not been scrapped yet. The company had previously announced plans to halt the operation of its cable …

Companies Investments

28 August 2017 01:20 PM Baha unit to acquire Ishraqah Regional Development

.Riyadh – Mubasher: Al Baha Investment and Development on Monday said that its 100%-owned subsidiary, Al Marakiz Al Raqiyah Ltd has signed a memorandum of understanding (MoU) with Ishraqah Regional Development & Real Estate Investment Co. to …

Mergers and Acquisitions

9 July 2017 00:04 PM Tadawul adds Al Baha, REITs to TASI indices

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Sunday announced adding one new stock and two real estate investment traded funds (REITs) to its indices on the Tadawul All Share Index (TASI). Al Baha Investment and Development’s stock was …

Market News

18 June 2017 11:49 AM Case against Al Baha adjourned to 17 July

Riyadh – Mubasher: Al Baha Investment and Development announced that its hearing in the case against it was adjourned to 17 July. The company noted that any related developments will be announced in due time, according to a bourse filing on …

Company News

12 June 2017 01:52 PM Al Baha retreats 12% in 7 sessions

Riyadh – Mubasher: Al Baha Investment and Development Company fell 12.05% to SAR 21.76 since 4 June. By 01:28 pm KSA time, the stock dropped 6.13% in Monday's trading session alone. On 4 June, the Saudi Capital Market Authority (CMA) had lifted …

Trading Activities

4 June 2017 00:20 PM Al Baha leads TASI risers after CMA lifts suspension

Riyadh – Mubasher: Al Baha Investment and Development Company’s stock rose on Sunday, leading the Saudi Stock Exchange’s (Tadawul) stocks. By 11:12 am Saudi time, Al Baha’s stock, listed on the Tadawul All-Share Index (TASI), rose to SAR 24.74, …

Trading Activities

11 May 2017 00:49 PM Al Baha finalises acquisition of Al Marakiz Al Raqiyah

Riyadh – Mubasher: Al Baha Investment and Development Company completed the acquisition procedure of Al Marakiz Al Raqiyah Ltd by issuing 14.5 million shares. The company noted that it has fully acquired the stake of the other company and expected …

Companies Investments

11 May 2017 11:18 AM Al Baha narrows accumulated losses

Riyadh – Mubasher: Al Baha Investment and Development Company’s accumulated losses decreased to SAR 27.84 million, representing 15.72% of capital. The company noted that the reason behind the reduction of the accumulated losses is that the capital …

Corporate Actions

7 May 2017 10:41 AM Al Baha capital raised, reduced on Sunday

Riyadh – Mubasher: Securities Depository Center Co (Edaa) has announced executing the capital increase and reduction of Al Baha Investment and Development Company, to be reflected in the shareholders accounts on Sunday. The extraordinary general …

Corporate Actions

3 May 2017 11:37 AM Al Baha to raise, cut capital

Riyadh - Mubasher: The extraordinary general meeting (EGM) of Al Baha Investment and Development Company approved the capital increase and reduction. The capital hike will occur to acquire Al Marakiz Al Raqiyah Ltd, while the decrease will be …

Corporate Actions