Latest news with #Miahona
Arab News
a day ago
- Business
- Arab News
Closing Bell: Saudi main market closes in green with 10,981 points
RIYADH: Saudi Arabia's Tadawul All Share Index closed higher on Monday, rising 16.46 points, or 0.15 percent, to end the session at 10,981.17. The total trading value on the main market reached SR4.3 billion ($1.1 billion), with 95 stocks advancing and 148 declining. The MSCI Tadawul 30 Index also rallied, adding 3.86 points, or 0.27 percent, to finish at 1,408.88. The Kingdom's parallel market Nomu slipped 82.58 points, or 0.30 percent, to close at 27,080.02. Of the listed stocks, 38 gained while 44 fell. The best-performing stock on the main market was SHL Finance Co., whose shares jumped 10 percent to SR23.87. Other notable gainers included Salama Cooperative Insurance Co., up 5.58 percent to SR13.62, Miahona Co. Limited, which gained 5.23 percent to SR26.94, Alamar Foods Co., rising 5.17 percent to SR53.95, and Fawaz Abdulaziz Alhokair Co., which climbed 4.92 percent to SR31.16. On the downside, Sahara International Petrochemical Co. posted the steepest drop of the day, falling 5.69 percent to SR17.90. Saudi Azm for Communication and Information Technology Co. declined 5.42 percent to SR 28.60, Alistithmar AREIC Diversified REIT Fund slipped 4.92 percent to SR 8.70, Wafrah for Industry and Development Co. fell 4.63 percent to SR27.20, and Riyadh Cables Group Co. dropped 4.13 percent to SR130. On the announcement front, Sports Clubs Co. is set to make its trading debut on Saudi Arabia's main market on July 22. The listing follows an initial public offering in which Sports Clubs floated 34.32 million shares, representing 33 percent of its issued capital, at a nominal value of SR1 each. Demand saw the individual tranche oversubscribed by 5.3 times, with investors guaranteed a minimum allotment of ten shares. To help stabilize the share price in early trading, the bourse has set a plus or minus 30 percent daily price limit and a 10 percent static limit. Founded in 1994, Sports Clubs operates a network of 56 branches across 18 Saudi cities. Its portfolio includes 41 Body Masters men's gyms, a brand established decades ago, and 15 Body Motions women's clubs, introduced four years ago as part of the company's gender-segmented expansion strategy.
Yahoo
25-06-2025
- Business
- Yahoo
Unveiling Undiscovered Gems in the Middle East in June 2025
The Middle Eastern stock markets have been buoyant recently, with indices across the region advancing following a ceasefire between Iran and Israel, which has improved investor sentiment and risk appetite. As these markets continue to recover, identifying promising small-cap stocks becomes crucial for investors looking to capitalize on emerging opportunities in this dynamic environment. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Alf Meem Yaa for Medical Supplies and Equipment NA 17.03% 18.37% ★★★★★★ Baazeem Trading 8.48% -2.02% -2.70% ★★★★★★ MOBI Industry 6.50% 5.60% 24.00% ★★★★★★ Sure Global Tech NA 11.95% 18.65% ★★★★★★ Saudi Azm for Communication and Information Technology 2.07% 16.18% 21.11% ★★★★★★ Nofoth Food Products NA 15.75% 27.63% ★★★★★★ National General Insurance (P.J.S.C.) NA 14.55% 29.05% ★★★★★☆ National Corporation for Tourism and Hotels 19.25% 0.67% 4.89% ★★★★☆☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Saudi Chemical Holding 79.49% 16.57% 44.01% ★★★★☆☆ Click here to see the full list of 220 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. We'll examine a selection from our screener results. Simply Wall St Value Rating: ★★★★☆☆ Overview: Miahona Company Limited operates in the Kingdom of Saudi Arabia, offering water facilities and treatment services with a market capitalization of SAR3.82 billion. Operations: The primary revenue stream for Miahona comes from its water utilities and wastewater treatment services, generating SAR478.66 million. The company's market capitalization is SAR3.82 billion. Miahona's recent strategic moves highlight its growth potential in the Middle East. The company's earnings surged by 29.1% over the past year, outpacing industry growth of 5.3%, with Q1 2025 net income reaching SAR 61.43 million compared to SAR 19.67 million a year ago. Miahona's debt management is noteworthy, as its net debt to equity ratio decreased from 194.6% to 102.4% over five years, though it remains high at 48%. A new SAR 1 billion contract for wastewater treatment in Jeddah underlines its expansion strategy and commitment to sustainable water solutions, reinforcing its position as a key player in this sector. Delve into the full analysis health report here for a deeper understanding of Miahona. Gain insights into Miahona's historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★★☆ Overview: Saudi Real Estate Company, with a market capitalization of SAR 7.49 billion, operates as a real estate development company in Saudi Arabia through its various subsidiaries. Operations: The company generates revenue primarily from property sales and infrastructure projects, with property sales contributing SAR 821.85 million and infrastructure projects adding SAR 938.01 million. Rental income also plays a significant role, bringing in SAR 344.77 million. Facility management and construction projects contribute smaller portions to the overall revenue at SAR 66.45 million and SAR 73.98 million, respectively. Saudi Real Estate, a notable player in the region's real estate sector, has shown impressive financial resilience and growth. Over the past year, its earnings skyrocketed by 463%, significantly outpacing the industry average of 24.2%. The company's debt to equity ratio has improved from 128.6% to a more manageable 53.6% over five years, while interest payments are comfortably covered by EBIT at a rate of 3.3 times. Trading at nearly 74% below estimated fair value, Saudi Real Estate reported net income of SAR 135 million for Q1 2025 compared to SAR 2.92 million last year, reflecting robust operational performance and potential for future growth. Navigate through the intricacies of Saudi Real Estate with our comprehensive health report here. Understand Saudi Real Estate's track record by examining our Past report. Simply Wall St Value Rating: ★★★★★★ Overview: Formula Systems (1985) Ltd. operates through its subsidiaries to offer software solutions, IT professional services, software product marketing and support, as well as computer infrastructure and integration solutions, with a market cap of ₪6.26 billion. Operations: The company's revenue streams are derived from software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions. The cost structure primarily involves expenses related to delivering these services. A notable financial metric is the gross profit margin, which reflects the efficiency of its core operations. Formula Systems (1985) has demonstrated robust financial health, with earnings growth of 26.2% over the past year, surpassing the IT industry average of 25.1%. The company boasts high-quality earnings and a solid interest coverage ratio of 22.9x, indicating strong debt management capabilities. Over five years, its debt to equity ratio improved significantly from 62.6% to 33.7%, reflecting prudent financial strategies. With more cash than total debt and positive free cash flow, Formula Systems seems well-positioned financially despite recent delays in SEC filings and an upcoming dividend payout of approximately $6.8 million scheduled for July 2025. Take a closer look at Formula Systems (1985)'s potential here in our health report. Examine Formula Systems (1985)'s past performance report to understand how it has performed in the past. Investigate our full lineup of 220 Middle Eastern Undiscovered Gems With Strong Fundamentals right here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SASE:2084 SASE:4020 and TASE:FORTY. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Argaam
15-06-2025
- Business
- Argaam
Miahona to move forward with phase 2 of Uzbekistan sewage project
Miahona Co. signed an addendum on June 12 in Tashkent to its development agreement with Uzbekistan's Ministry of Investment, Industry and Trade and Uzsuvtaminot joint stock company, the company said in a statement to Tadawul. The addendum confirms the parties' intention to proceed with the second phase of the agreement. It also outlines plans for joint cooperation in developing water and wastewater treatment plants in the Fergana Valley and Jizzakh region. According to the statement, Miahona and its Uzbek partners agreed to complete and accept the first phase of the project, which includes prefeasibility studies and a techno-commercial proposal submitted by Miahona. This phase remains subject to confirmation during the next stage of the project. The parties also expressed mutual willingness to proceed with the second phase, which involves conducting detailed due diligence and feasibility studies for the updated project pipeline. The timeline for this phase has been extended by one year beyond what was previously announced. Miahona said the addendum strengthens its international expansion strategy and supports its commitment to delivering sustainable water solutions. According to data available with Argaam, Miahona initially signed the development agreement on Sept. 29, 2024, with Uzbekistan's Ministry of Investment, Industry, and Trade. At the time, the company said the one-year agreement aimed to explore opportunities to develop four new wastewater treatment plants and assess the potential to take over the operation and maintenance of five existing water and wastewater treatment projects in the Fergana and Jizzakh regions.
Trade Arabia
07-04-2025
- Business
- Trade Arabia
Miahona awarded $267m Jeddah wastewater plant contract
Miahona, a leading Saudi pioneer in water and wastewater infrastructure development, said it has secured an order worth SAR1 billion ($267 million) for the development of a wastewater treatment plant in Jeddah 1st Industrial City. The contract, which is for a long tenure of 25 years, was awarded by the Saudi Authority for Industrial Cities and Technology Zones (Modon). The project scope includes the rehabilitation, development, construction, operation and maintenance of the industrial wastewater treatment systems. It also involves capital investment, land utilisation, service provision and revenue generation through treated water sales, all within the framework of a Rehabilitation, Operation, and Transfer (ROT) model. Miahona said, as per the deal, it will be utilising the site for the project and ensuring the continuity and reliability of providing public services related to wastewater and industrial water treatment. The work also involves treatment of raw wastewater and industrial effluent according to the Service Agreement (SA) as well as marketing and sale of treated water for industrial purposes in accordance with the Service Agreement (SA).
Zawya
07-04-2025
- Business
- Zawya
Miahona awarded $267mln Jeddah wastewater plant contract
Miahona, a leading Saudi pioneer in water and wastewater infrastructure development, said it has secured an order worth SAR1 billion ($267 million) for the development of a wastewater treatment plant in Jeddah 1st Industrial City. The contract, which is for a long tenure of 25 years, was awarded by the Saudi Authority for Industrial Cities and Technology Zones (Modon). The project scope includes the rehabilitation, development, construction, operation and maintenance of the industrial wastewater treatment systems. It also involves capital investment, land utilisation, service provision and revenue generation through treated water sales, all within the framework of a Rehabilitation, Operation, and Transfer (ROT) model. Miahona said as per the deal, it will be utilising the site for the project and ensuring the continuity and reliability of providing public services related to wastewater and industrial water treatment. The work also involves treatment of raw wastewater and industrial effluent according to the Service Agreement (SA) as well as marketing and sale of treated water for industrial purposes in accordance with the Service Agreement (SA). Miahona will also provide maintenance for external networks and lift stations. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
