TAWUNIYA INS.-

The Companyfor Cooperative Ins. (Tawuniya) posted a net income of SAR 261.7 mn in 1Q 2025, up 33% y-o-y, it said in a disclosure to Tadawul. Revenue also rose 16.8% y-o-y to SAR 5.1 bn during the quarter on the back of strong growth across the company’s main sectors.

Tawuniya is setting its sights on expanding in the facultative reins. sector, which it began last year, with a dedicated strategy to be announced by 3Q 2025, CEO Othman Al Kassabi told Al Arabiya. The company is also working with the Ins. Authority to develop the sector, which is expected to double within five years.

BANK ALJAZIRA-

Bank AlJazira reported a 20.2% y-o-y increase in net income to SAR 361 mn in 1Q 2025, according to a disclosure to Tadawul. Total income from financing grew 17.4% y-o-y to SAR 1.58 bn, while income from investment increased 1.2% y-o-y to SAR 496.9 mn.

ELECTRICAL INDUSTRIES CO.-

Electrical Industries Company saw its net income jump 64.1% y-o-y to SAR 123.4 mn in 1Q 2025, pushed up by a shift toward higher-margin product sales despite higher operating costs, according to a disclosure to Tadawul. Revenue dropped 6.5% y-o-y to SAR 506.7 mn during the period due to lower sales, as some shipments were postponed at the request of customers.

SAUDI STEEL PIPE-

Saudi Steel Pipe’s net income slipped 9.2% y-o-y to SAR 69 mn in 1Q 2025 amid rising selling, marketing, and distribution expenses, which were partially offset by an increase in gross profit and other income streams, according to a disclosure to Tadawul. Revenue also fell 11.8% y-o-y during the quarter at SAR 454 mn due to lower sales volume.

HALWANI BROS.-

Halwani Bros reported a net income of SAR 11.5 mn in 1Q 2025, reversing course from a SAR 4.6 mn net loss in the same period last year, it said in a disclosure to Tadawul. However, revenue dropped 11% y-o-y to SAR 237.8 mn, due to the impact of currency devaluation on the company’s Egyptian subsidiary, despite higher local sales.

FOURTH MILLING-

Fourth Milling’s net income rose 8.4% y-o-y to SAR 52.7 mn in 1Q 2025 on the back of a 2.8% increase in sales and and a SAR 2.3 mn gain from lower deferred tax liabilities, which were partially offset by increased selling and admin expenses, it said in a disclosure to Tadawul. Revenue rose 2.8% y-o-y to SAR 170.1 mn, driven by an improved product mix, with flour sales up 4.3% and feed and bran remaining stable.

ALSO- The company is investing SAR 265 m to expand its Al Kharj plant in 2025, adding a new flour mill and a feed mill to boost its daily flour capacity by 750 tons to 1.4k tons and daily feed by 240 tons, it said in a separate disclosure. The projects will be funded through shariah-compliant bank facilities and internal funding, aiming to complete the feed mill plant in 2H 2026 and the flour mill in 2H 2027.

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