RIYADH: Jazan Energy and Development Co. said first-quarter net profit increased by 299 percent year on year to SR2.1 million as sales increased led by a 10.3 percent jump in agriculture and aquaculture products. Revenue rose 2.6 percent year on year to SR23.2 million, a decline of 6.3 percent on the previous quarter, the company said in a filing to the Saudi stock exchange.
Wednesday 04/07/2021 4:48:00 PM
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Saudi Arabia’s mega city project NEOM Company has signed an MoU to develop the region’s largest fish farm, Zawya reported.
The memorandum of understanding with Tabuk Fish Company, an associate company of Jazan Energy and Development Company (JAZADCO), aims to expand local aquaculture production, and increase investments to reach production capacity of 70 million fry, according to a statement to the Saudi Stock Exchange (Tadawul).
Saudi Arabia has a goal to produce 600,000 tons of fish products by 2030.
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Here are a few things you need to know as Saudi stocks start trading on Tuesday.
Advanced Petrochemical Co. reported an estimated net profit after Zakat and tax of SAR 596 million for fiscal year 2020, down 22% year-on-year (YoY).
Jazan Energy and Development Co. (JAZADCO) received the initial ruling issued by Riyadh Commercial Court, rejecting the case against the former board of directors of Tabuk Fisheries Co.
Saudi Paper Manufacturing Co. accepted the resignation of independent board member, Fahad Bin Saad Al-Sheaibi.
The Mediterranean & Gulf Cooperative Insurance & Reinsurance Company (MEDGULF) received the certification of Sharia compliance by Shariyah Review Bureau.
Zahrat Al Waha for Trading Co. concluded an agreement with Argaam Investments Co. to design an investor relations (IR) web page on its website and launch a special IR mobile app for Android and iOS smartphones.