Saudi Press

Saudi Arabia and the world
Friday, Apr 18, 2025

Saudi Tadawul Index Drops 17.71 Points, Seera Group and Zamil Industrial Report Net Profits

Saudi Tadawul Index Drops 17.71 Points, Seera Group and Zamil Industrial Report Net Profits

The Tadawul All Share Index in Saudi Arabia decreased by 17.71 points to close at 12,103.20 for the second day in a row.
The total trading turnover was SR6.30 billion ($1.68 billion) with 128 stocks advancing and 96 declining.

The MSCI Tadawul Index dropped by 0.47 percent to 1,512.30.

Saudi Industrial Development Co. had the highest increase in share price, up by 9.95 percent to SR9.61.

Other top performers included Wafrah for Industry and Development Co. and Al-Baha Investment and Development Co., whose shares rose by 9.9 percent and 7.69 percent respectively.

The worst-performing stock was Basic Chemical Industries Co., which saw a 7.57 percent decrease in share price to SR33.60.

Seera Group Holding reported a 7.01% increase in net profit to SR61 million in Q1 2024, with total revenue of SR1.07 billion due to growth in car rental and travel platform segments and new acquisitions.

Lumi Rental Co. saw a 11.15% decrease in net profit to SR44.71 million in Q1 2024.

Zamil Industrial Investment Co. reported a net profit of SR5.42 million in Q1 2024, reversing a net loss of SR13.81 million in the same period of 2023.

Zamil, a Saudi Arabian industrial company, reported a 25.5% increase in sales and higher operating income in the steel and insulation sectors, leading to a profit rise.

Separately, Burgerizzr, a restaurant company, reported a net profit of SR5.3 million in Q1 2024, reversing a net loss of SR1.4 million in Q1 2023.

The profit improvement was due to higher same-store sales and more guests.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Worldwide Markets Decline as U.S.-China Trade Frictions Intensify
OpenAI Lands Unprecedented $40 Billion Investment
Removing the Political Adversary is Dismantling What's Remaining of Turkey's Economy.
Ex-FIFA President and French Football Icon Acquitted of Corruption Allegations
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
Volunteers in Jeddah Ensure No One Goes Hungry During Ramadan Iftar
New Restaurant Opens in Makkah's Iconic Clock Tower for Ramadan Iftar
Saudi Arabia's Project Masam Removes 552 Houthi Mines in Yemen
Saudi Arabia Fines Over 400 Foreign Trucks for Regulatory Violations
Saudi National Campaign for Charitable Work Reports Significant Donations in Ramadan
Historic Al-Hosn Al-Asfal Mosque Restored in Asir as Part of National Heritage Initiative
KSrelief Expands Humanitarian Efforts in Syria, Sudan, and Lebanon
Saudi Arabia Advocates for Global Water Cooperation at Forum
Madinah Governor Tours Islamic Arts Biennale in Jeddah
Saudi Foreign Minister in Cairo to Lead Meeting on Gaza Developments
Recognition of Saudi and Pakistani Entrepreneurs at Riyadh Ceremony
UAE Announces $1.4 Trillion Investment Plan in the United States
Saudi Arabia Innovates in Soil Quality and Water Conservation
Governor of Taif Engages with Rose and Aromatic Plants Cooperative
Saudi Food and Drug Authority Enhances Preparations for Hajj Season
Saudi Arabia Distributes Aid to Yemen and Romania
Restoration of Historic Al-Qalaah Mosque in Riyadh Underlines Heritage Preservation Efforts
Saudi Arabia Arrests Over 25,000 for Immigration Violations in One Week
UAE’s ADQ and Energy Capital Partners Announce $25 Billion Energy Venture in the U.S.
KSrelief Launches Extensive Ramadan Food Aid Initiative
Ramadan Celebrations Revitalize Historic Jeddah
Makkah Authorities Urge Worshippers to Follow Crowd Management Guidelines
Direct Flights Between Dammam and Damascus Reestablished for Syrian Residents
Saudi Main Index Rises to Close at 11,760 Amid Mixed Market Performance
Moroccan Prime Minister Aziz Akhannouch Visits Prophet's Mosque in Madinah
Cultural Development Fund Hosts Third Annual Storytellers Event in Riyadh
Investment Surge in Fintech, Gaming, and Health Care Across MENA Region
Surging Prices for Religious Tourism in Saudi Arabia Amid Ramadan Rush
Middle Eastern Airlines’ Fleet Projected to Surge Above Global Growth Rates
Oil Prices Rise Amid Supply Concerns and Sanctions on Iran
Saudi Arabia Reports Significant Decrease in US Treasury Holdings
Tabuk's Transformative Economic Landscape: A Hub of Growth and Innovation in Saudi Arabia
Saudi Arabia's Strategic Advances in Water Sustainability
Merrill Lynch Appointed as Market Maker for 20 Securities on Saudi Exchange
Gold Prices Set for Third Weekly Gain Amid Geopolitical Tensions and Economic Uncertainty
Saudi Banks Increase Debt Market Activities Amid Sukuk Surge
Saudi Aramco Launches Direct Air Capture Technology to Combat Emissions
Saudi Arabia Enhances Crowd Management at Grand Mosque for Ramadan
Abeer Al Akel Appointed CEO of Royal Commission for AlUla
Ukraine Pursues Partial Ceasefire in Saudi Arabia Talks Amid Ongoing Conflict
Saudi Arabia Arrests Over 25,000 Illegal Residents in Week-long Security Campaign
Royal Order Extends Dr. Eman Al-Mutairi’s Tenure as Deputy Minister of Commerce
Prophet’s Mosque Hosts 4,000 Mu’takifs for Ramadan Itikaf
Yemeni National Arrested for Exploiting Children for Begging in Riyadh
Makkah Region Records Highest Rainfall in Saudi Arabia
×