Riyadh – Mubasher: Saudi Cement Company registered net profits worth SAR 113.80 million during the first quarter (Q1) of 2024, signalling an 8.07% decline from SAR 123.80 million in Q1-23. The earnings per share (EPS) edged lower to SAR 0.74 at …
Riyadh – Mubasher: Yanbu Cement Company achieved a 14.31% growth in net profit to SAR 58.31 million during the first quarter (Q1) of 2024 from SAR 51.01 million in Q1-23. The cement manufacturer attributed the annual increase in Q1-24 net profit …
Riyadh – Mubasher: Saudi Arabia’s National Housing Company (NHC), in collaboration with Talaat Moustafa Group Holding Company (TMG Holding), has laid the foundations for the Banan City project in Riyadh with SAR 40 billion (approximately $12 …
Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) decreased by 67.36 points (0.55%) to close at 12,217.05 points on Sunday. A total of 231.14 million shares were traded at a turnover worth SAR 5.33 …
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) delivered a strong net profit before tax valued at AED 111.80 million in the first quarter (Q1)of 2024, according to a press release. Net insurance service result stood at AED …
Riyadh – Mubasher: SAL Saudi Logistics Services Company recorded a 99.764 % year-on-year (YoY) surge in net profit to SAR 208.446 million in the first quarter (Q1) of 2024 from SAR 104.34 million. Revenues surged 33.10 % YoY to SAR 452.52 million …
Riyadh – Mubasher: Saudi industrial hub King Salman Energy Park (SPARK) has appointed Nasir Al Naimi as its new Chairman to support Saudi Arabia’s endeavours to become a global hub for trade, transport, and logistics solutions and services. Al …
Riyadh – Mubasher: Allianz Saudi Fransi Cooperative Insurance Company achieved net profits after Zakat attributable to the shareholders amounting to SAR 9.98 million in the first quarter (Q1) of 2024. The registered net profits were higher by …
Riyadh – Mubasher: Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) logged a 12.08% year-on-year (YoY) increase in net profit to SAR 32.24 million in the first quarter (Q1) of 2024 from SAR 28.77 million. Revenues grew by 19.24% YoY to SAR …
Abu Dhabi – Mubasher: Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) logged net profits valued at AED 13.12 million in the first quarter (Q1) of 2024, an annual hike from AED 620,099. Revenue from contracts …
Riyadh – Mubasher: Elm Company logged a 7.14% year-on-year (YoY) increase in net profit to SAR 345 million in the first quarter (Q1) of 2024 from SAR 322 million. Revenues leapt 27.25% YoY to SAR 1.63 billion in Q1-24 from SAR 1.28 billion, …
Riyadh – Mubasher: Walaa Cooperative Insurance Company logged a net profit after Zakat attributable to shareholders of SAR 39.86 million, up 64% year-on-year (YoY) from SAR 24.30 million. Insurance revenues grew 16.28% YoY to SAR 767.07 million in …
Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) fell to AED 647.42 million in the first quarter (Q1) of 2024 from AED 742.76 million a year earlier. DEWA’s quarterly consolidated revenue …
Riyadh – Mubasher: The net profits after Zakat attributable to the owners of Arabia Insurance Cooperative Company increased by 7.01% to SAR 7.83 million in the first quarter (Q1) of 2024. The quarterly net profits were compared with SAR 7.32 …
Riyadh – Mubasher: The consolidated net profit of Saudi Electricity Company (SEC) leapt 86.87% year-on-year (YoY) to SAR 897 million in the first quarter (Q1) of 2024 from SAR 480 million. Revenues increased by 18.52% YoY to SAR 15.85 billion in …
Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a subsidiary of Saudi Real Estate Company (Al Akaria), has signed an agreement with Diriyah Gate Company Limited (DGCL). The SAR 532.05 million agreement includes the …
Abu Dhabi – Mubasher: RAK Ceramics logged net profits after tax valued at AED 62.90 million in the first quarter (Q1) of 2024, down 21.50% from AED 80.10 million in Q1-23. The revenues amounted to AED 781.60 million in Q1-24, an annual drop of …
Riyadh – Mubasher: Al Rajhi Bank has completed the issuance of $1 billion USD-denominated additional tier 1 capital sustainable sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have no fixed …
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) reported a 94.10% year-on-year (YoY) plunge in net profit to SAR 67 million in the first quarter (Q1) of 2024 from SAR 1.13 billion. Revenues grew 4.66% YoY to SAR 2.53 …
Riyadh – Mubasher: Astra Industrial Group recorded a 21.85% year-on-year (YoY) surge in net profit to SAR 149.74 million during the first quarter (Q1) of 2024, compared to SAR 122.88 million. The Saudi firm posted revenues valued at SAR 842.88 …
Riyadh – Mubasher: Etihad Etisalat Company’s (Mobily) consolidated net profit surged 37.20% year-on-year (YoY) to SAR 638 million in the first quarter (Q1) of 2024 from SAR 465 million. Revenues grew 11.67% YoY to SAR 4.54 billion in Q1-24 from …
Abu Dhabi – Mubasher: The net profits attributable to the owners of Abu Dhabi National Hotels hiked to AED 1.02 billion in the first quarter (Q1) of 2024 from AED 147. 64 million. Revenues from contracts with customers increased to AED 454.76 …
UAE – Mubasher: The Central Bank of the UAE (CBUAE) has signed a memorandum of understanding (MoU) with Bank Indonesia to boost trade relations. Under the agreement, the two central banks will establish a framework to use local currencies in …
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) posted net profits valued at SAR 69.71 million in the first quarter (Q1) of 2024, up 0.56% from SAR 69.31 million in Q1-23. The Saudi firm generated revenues worth SAR …
Dubai – Mubasher: The net profits after tax of Aramex nearly doubled at AED 46.56 million in the first quarter (Q1) of 2024, marking a 95% year-on-year (YoY) leap from AED 23.90 million. Revenues increased by 8% to AED 1.54 billion in Q1-24 from …
