Shaker Group
Shaker Group is an extension of the work that Late Sheikh Ibrahim Shaker had established in 1950, to be amongst the first in Kingdom to enter the Air Conditioning & Home Appliances devices. Shaker Group is honored to be the exclusive importer & distributor of several leading international brands, and Shaker is the sole agent of LG Air Conditioners in Saudi Arabia. Throughout the years, Shaker Group has positioned its name within the top Saudi companies, providing a range of integrated solutions in terms of Air Conditioners and Home Appliances in the Saudi market and the region. Being a public company in Tadawul, Shaker group is achieving a steady growth in efficiency level. Currently, Shaker Group represents more than 8 global brands and has a nationwide footprint through a strong network of exclusive sales outlets, service centers, warehousing facilities, training academies, and extensive network of distributors including modern retailing channel through specialty retailers and hypermarkets.
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Recent News
Shaker Group reports full-year revenue growth of 14.1%; net loss narrows by 74.8%
Material impact of Breakthrough Program turnaround strategy demonstrated by results 12-month gross profit of SAR 165.6 million improved by 65.8% year-on-year 12-month revenue of SAR 882.8 million improved by 14.1% from 2018 12-month net loss narrowed by 74.8% to SAR 49.8 million Earnings per share improved to loss of SAR 0.79, from SAR 3.12 in
Correcting announcement from Al Hassan Ghazi Ibrahim Shaker Co. in regards to its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )
ELEMENT LIST EXPLANATION Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website 2019-11-06 Corresponding to 1441-03-09 Incorrect statements in the previous announcement losses per share for current period -67 and for similar period for previous year -162 Correct Statement losses per share for current period -0.67 and for similar period for
Al Hassan Ghazi Ibrahim Shaker Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 247,842 173,980 42.454 253,531 -2.243 Gross Profit (Loss) 49,053 27,292 79.733 48,282 1.596 Operational Profit (Loss) -6,158 -31,188 -80.255 -5,833 5.571 Net Profit (Loss) after Zakat and Tax -6,656 -46,782 -85.772 -9,938 -33.024 Total Comprehensive Income -6,708 -46,782 -85.661 -10,831
SHAKER GROUP SHOWCASES LATEST INNOVATIONS IN LG ENERGY-EFFICIENT SOLUTIONS AT HVAC R EXPO SAUDI
Shaker Group is participating in the Saudi Air Conditioning Exhibition (HVAC R EXPO) in Jeddah during January 14-16 2018, in recognition of its leading position in the Air Conditioning industry for more than 65 years of collective expertise. Shaker’s contribution in HVAC Exhibition reflects its enthusiasm to keenly participate in the vital economic activities that
LG and Shaker Advances their Air Conditioning Academy In Saudi Arabia
Shaker Group, the sole distributor for LG Air Conditioners in Saudi Arabia, has inaugurated the expansion and advancement of its integrated LG Air Conditioning Academy. The Academy, funded by LG Air Conditioners, was announced at Shaker’s premises in Riyadh and attended by LG & Shaker top management and representatives. The Academy embraces a wide range
Shaker Group continues to increase efficiency via strategic cost optimization initiatives
Shaker Group (the “Company” or the “Group”), the leading importer, manufacturer and distributor of Air Conditioners and Home Appliances in Saudi Arabia, has announced results achieved by the Company’s ongoing efficiency program. As Group sales continue to face pressure – the result of a slowdown in the local construction sector – efficiency initiatives have become