RIYADH: Saudi Industrial Services Co., SISCO, along with its partner Amiantit are considering offering a 15 to 30 percent stake in an initial public offering of their subsidiary, the International Water Distribution Co. Tawzea. SISCO’s Chief Mohammed Al-Mudarres told CNBC Arabia that no final decision has been taken with regards to the final stake and offer price. It will only
Saudi Trade and Export Development Co. (LogiPoint) has acquired Elite Group through Green Dome Investments LLC, according to a bourse filing by its parent Saudi Industrial Services Co. The transaction was concluded on Nov. 25, with LogiPoint’s investment in Green Dome valued at SR58 million ($15 million). SISCO expects the impact of the transaction to be shown in the
Tadawul All Share Index (TASI) opened at 11,675, going down by 10.7 points or 0.1 percent from yesterday’s close. Here is a wrap of the market’s latest news Saudi Industrial Services Co. (SISCO) approved the distribution of cash dividends amounting at a total of SR32.6 million ($8.7 million) for its shareholders. This corresponded to SR0.4 ($0.11) per share or 4 percent of the
RIYADH: The Saudi Industrial Services Co. (SISCO), the Kingdom's leading investor in ports and terminals reported a decrease in net profit by 47.3 percent to the first nine months as the company divested in a major terminal in Jeddah. The company said in a filing today that its 9-month profit fell from SR111.3 million ($29.7 million) a year ago to SR58.7 million ($15.7