{"id":84513,"date":"2024-03-19T00:00:00","date_gmt":"2024-03-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/"},"modified":"2024-03-19T00:00:00","modified_gmt":"2024-03-19T00:00:00","slug":"saic-has-sar-500-mn-to-invest-in-listed-equities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/","title":{"rendered":"Saic has SAR 500 mn to invest in listed equities"},"content":{"rendered":"

Nomu-listed Saudi Advanced Industries (SAIC) is <\/strong>looking to boost its equity <\/strong>investments in the capital market by<\/strong> additional SAR 500 mn<\/strong>, Managing Director and CEO Abdullah Bin Sulaiman Al-Jarish told Al-Arabiya in an interview (watch: runtime: 8:51<\/a>). The investment firm currently has a SAR 1 portfolio of equity assets in Tadawul-listed companies, and is actively looking at an extra 50 potential investments in the bourse. <\/p>\n

Recent exits: <\/strong>Saic has fully divested from the petrochemicals sector including a lucrative exit from Yansab National Petrochemical, as it looks to shift away from product-based companies towards growth-oriented ones, Al-Jarish added. It has also exited telecoms giant Mobily and Saudi Cement in 2023\u2014 at a loss. The company is currently more interested in media, entertainment, healthcare, financial services, and banking sectors.<\/strong><\/p>\n

Recent share buys: <\/strong>The investment company and its subsidiary have acquired 567k shares<\/a>in Nomu-listed Baladi Poultry<\/a> for SAR 72 mn at SAR 126.7 apiece. Saic has also acquired stakes in Nomu-listed Academy of Learning and Canadian Medical Center, which should soon be moving to the main market, said Al-Jarish.<\/p>\n

Returns to shareholders: <\/strong>SAIC is set to distribute 2.5% of its 12 mn shares in subsidiary Obeikan Glass to its shareholders, he added. This is in a bid to maximize its shareholder returns and ultimately meet the liquidity requirements for transitioning to main market Tadawul.<\/p>\n

2023 results in a snapshot:<\/strong> The company\u2019s net income rose 48.5% y-o-y to SAR 148.8 mn in 2023, and revenues were up 55.2% y-o-y to SAR 180.2 mn, it said in a disclosure to Tadawul<\/a>. The company\u2019s BoD recommended a dividend payout of SAR 44.3 mn for 2023 at SAR 0.75 per share, it said in a separate disclosure<\/a>. The distribution date is yet to be announced. <\/p>\n","protected":false},"excerpt":{"rendered":"

The firm currently has a SAR 1 portfolio of equity assets in Tadawul-listed companies<\/p>\n","protected":false},"author":1,"featured_media":84514,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[2769,736,10,31,369,455,1555,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-academy-of-learning","tag-canadian-medical-center","tag-enterpriseam-ksa","tag-investment-watch","tag-nomu","tag-obeikan-glass","tag-saudi-advanced-industries-saic","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"85e48c8d-ad73-4ab1-9153-0488cde90982","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1628.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saic has SAR 500 mn to invest in Tadawul-listed equities","related_issue":[84504],"teaser":"The firm currently has a SAR 1 portfolio of equity assets in Tadawul-listed companies","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.d20fc54d-1720-4473-8dd5-af145b545414.mp3"},"yoast_head":"\nSaic has SAR 500 mn to invest in listed equities - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saic has SAR 500 mn to invest in listed equities\" \/>\n<meta property=\"og:description\" content=\"The firm currently has a SAR 1 portfolio of equity assets in Tadawul-listed companies\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saic has SAR 500 mn to invest in listed equities\",\"datePublished\":\"2024-03-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/\"},\"wordCount\":282,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Academy of Learning\",\"Canadian Medical Center\",\"EnterpriseAM KSA\",\"INVESTMENT WATCH\",\"Nomu\",\"Obeikan Glass\",\"Saudi Advanced Industries (saic)\",\"Tadawul\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/\",\"name\":\"Saic has SAR 500 mn to invest in listed equities - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saic has SAR 500 mn to invest in listed equities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Saic has SAR 500 mn to invest in listed equities - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/","og_locale":"en_US","og_type":"article","og_title":"Saic has SAR 500 mn to invest in listed equities","og_description":"The firm currently has a SAR 1 portfolio of equity assets in Tadawul-listed companies","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/","og_site_name":"KSA","article_published_time":"2024-03-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Saic has SAR 500 mn to invest in listed equities","datePublished":"2024-03-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/"},"wordCount":282,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1","keywords":["Academy of Learning","Canadian Medical Center","EnterpriseAM KSA","INVESTMENT WATCH","Nomu","Obeikan Glass","Saudi Advanced Industries (saic)","Tadawul"],"articleSection":["Investment Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/","name":"Saic has SAR 500 mn to invest in listed equities - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1","datePublished":"2024-03-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/19\/saic-has-sar-500-mn-to-invest-in-listed-equities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Saic has SAR 500 mn to invest in listed equities"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1628.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=84513"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/84513\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/84504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/84514"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=84513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=84513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=84513"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=84513"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}