Market Movements Now | Al Majed Oud (4165) to Distribute SAR 4/Share Dividend amid Profit Climb, but Share Decline; Jabal Omar (4250) Profits Soar 434% for FY2024

-1.37%

-2.01%

-1.15%

-2.74%

-2.81%

ALMAJED OUD 4165.SA	130.00	-1.37%
JABAL OMAR 4250.SA	15.15	-2.01%
ADVANCED 2330.SA	29.12	-1.15%
AMAK 1322.SA	81.70	-2.74%
SAUDI KAYAN 2350.SA	4.84	-2.81%

The Tadawul All Shares Index(TASI.SA) experienced a brief pause in the 11900-12000 range yesterday. However, it continued its downward trend after today's opening, marking its first return to the 11680-11830 range since December of last year. Additionally, the RSI indicator suggests that the index is currently in the commonly recognized oversold territory, as it has fallen below 30.

Notable News

Al Majed Oud to Distribute 4.00 SAR Dividend amid Profit Climb, but Share Decline

Al Majed Oud Co.(4165.SA) reported 19.88% revenue growth to 926 million SAR in 2024, with net profit rising 5.57% to 156.96 million SAR. The company attributed gains to geographic expansion, new stores, product launches, and e-commerce growth. The board recommended a 100 million SAR cash dividend (4.00 SAR per share), representing 40% of par value for shareholders registered after the upcoming General Assembly meeting.

Element List	Current Year	Previous Year	%Change
Sales/Revenue	926,002,004	772,457,166	19.88
Gross Profit (Loss)	609,695,505	512,867,292	18.88
Operational Profit (Loss)	178,512,654	163,686,338	9.06
Net profit (Loss)	156,958,529	148,677,253	5.57
Total Comprehensive Income	156,362,897	149,003,888	4.94
Total Shareholders Equity (after Deducting Minority Equity)	468,188,472	377,260,776	24.1
Profit (Loss) per Share	6.28	5.95
All figures are in (Actual) Saudi Arabia, Riyals

FY2024 million SAR	Q3 Earnings	Q4-Market Expectation	Q4 Earnings
Sales/Revenue	170.62	265.70	242.26
Net Profit (Loss)	22.42	45.40	15.03
EPS (Riyal)	0.90	1.82	0.60

Jabal Omar Profits Soar 434% for FY2024

Jabal Omar Development Co.(4250.SA) reported a 43.31% increase in revenue to 1,901.4 million SAR for 2024, with net profit surging 433.8% to 200.07 million SAR. Growth was driven by a 468 million SAR increase in hotel revenue from improved occupancy at Address and Jumeirah properties, 53 million SAR growth in commercial center leasing, and 748 million SAR from land sales. These gains offset increased finance costs of 326 million SAR and property impairment charges of 302 million SAR.

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,901.4	1,326.72	43.31
Gross Profit (Loss)	607.78	401.05	51.55
Operational Profit (Loss)	836.82	623.44	34.23
Net profit (Loss)	200.07	37.48	433.8
Total Comprehensive Income	200.86	35.82	460.75
Total Shareholders Equity (after Deducting Minority Equity)	13,469.8	12,721.26	5.88
Profit (Loss) per Share	0.17	0.03
All figures are in (Millions) Saudi Arabia, Riyals

Sector Performance as of 10:47 am

Materials: +0.53%
Energy: +0.16%
Food & Beverages: -0.05%

Gainers as of 10:47 am

The top-performing stocks at this point include:

The⚡lightning bolt icon indicates that the stock's trading volume so far today has already exceeded its average trading volume over the past three months.

The ⭐️ star icon indicates that the stock reached a new 52-week high today.

Stock	Price	% Change	Significant Volume Surge vs. 3M Average
Advanced Petrochemical Co.(2330.SA)	29.60	+6.67%	-
Almasane Alkobra Mining Co(1322.SA)	56.00	+3.70%	-
Saudi Kayan Petrochemical Co.(2350.SA)	5.86	+1.38%	-
Saudi Arabian Mining Co.(1211.SA)	44.30	+1.37%	-
Sahara International Petrochemical Co.(2310.SA)	21.56	+1.41%	-

Top Losers as of 10:47 am

Stock	Price	% Change	Significant Volume Surge vs. 3M Average
Nice One Beauty Digital Marketing Co.(4193.SA)⚡	43.30	-9.98%	2.06%
Al Majed Oud Co.(4165.SA) ⚡	129.20	-9.52%	48.55%
Rasan Information Technology Co.(8313.SA)	74.50	-9.15%	-
Mouwasat Medical Services Co.(4002.SA) ⚡	77.00	-7.78%	63.32%
Walaa Cooperative Insurance Co.(8060.SA)	19.44	-4.99%

- Reporting by Zaid, Sahm News team

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