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ALNIMA BANK
Alnima Bank’s net income increased 14.7% y-o-y to SAR 1.5 bn in 1Q 2025, according to a disclosure to Tadawul. The rise was partially offset by declining income from fees, FVIS, and other operating expenses.
MEANWHILE- The bank’s total income from financing was up 6.3% during the quarter at SAR 3.6 bn y-o-y, while total income from investment rose 23.3% y-o-y to SAR 567.1 mn.
ALSO- the lender’s BoD is to distribute SAR 745.2 mn in dividends for 1Q 2025 at SAR 0.3 per share, it said in a separate disclosure to Tadawul. The distribution date is set to 27 May.
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ARABIAN CONTRACTING SERVICES-
Outdoor advertising firm Arabian Contracting Services reported a 14.8% y-o-y decline in net income to SAR 271.3 mn in FY 2024, driven by a 291% rise in financing expenses, it said in a disclosure to Tadawul. The cost hike was linked to service concession liabilities, loans for the Faden Media acquisition, and other loans for advance payments on new contracts.
Revenue rose 31.7% y-o-y to SAR 1.7 bn during the year, driven by the expansion of its advertising network, ongoing digital transformation initiatives, and robust growth in both the outdoor (+28% y-o-y) and indoor (+46% y-o-y) advertising sectors.
ASTRA INDUSTRIAL GROUP-
Astra Industrial Group saw its net income rise 14.8% y-o-y to SAR 171.9 mn in 1Q 2025 amid stronger gains in the pharma sector and lower finance costs in the specialty chemicals and other segments, it said in a disclosure to Tadawul.
Revenue edged down 1.1% y-o-y to SAR 833.7 mn over the same period, primarily due to weaker steel sales and lost revenue from the discontinued Astra Mining.
SAUDI CERAMIC
Saudi Ceramic reported a 39.6% y-o-y rise in its net income to SAR 20.8 mn in 1Q 2025, pushed by higher average selling prices and lower production costs, it said in a disclosure to Tadawul.
MEANWHILE-Revenue jumped 11.2% y-o-y to SAR 384.6 mn, buoyed by higher quantities and average selling prices of water heater products, as well as higher average selling prices of tiles and sanitaryware products.
