Financial Results

The domestic tourism trips rose 2.3% to 47.5 million trips during 2016, from 46.5 million trips during 2015
20 July 08:05 PM KSA tourism investments exceed SAR 151bn in 2016 – SCTH
Riyadh – Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) on Thursday announced that tourism’s investments achieved more than SAR 151 billion by the end of 2016. The domestic tourism trips rose 2.3% to 47.5 million trips …
The Investment Corporation of Dubai said its profits in 2016 decreased on an annual basis
20 July 07:01 PM Investment Corporation of Dubai posts AED 21.1bn in 2016
Dubai – Mubasher: The Investment Corporation of Dubai (ICD) on Thursday said that its profits in 2016 decreased on an annual basis to AED 21.1 billion in 2016, compared to AED 27.5 billion in 2015. ICD’s assets increased 7% to reach AED 769.9 …
Profits fell 42% year-on-year in Q2-17
20 July 04:11 PM Deyaar profits fall 40% in H1, revenues surge 135%
Dubai – Mubasher: Deyaar Development on Thursday disclosed its financial results for the first half of 2017, logging a 42% year-on-year decline in profits in the second quarter of 2017. The Dubai-based developer’s profits fell to AED 35.17 million …
Burgan Bank on Thursday posted a 24.6% year-on-year surge in profits in Q2-17
20 July 04:08 PM Burgan Bank Q2 profits rises 25%
Kuwait – Mubasher: Burgan Bank on Thursday posted a 24.6% year-on-year surge in profits in the second quarter of 2017, according to a statement by Boursa Kuwait. The Kuwaiti bank recorded a profit of KWD 21.07 million ($69.45 million) in Q2-17, …
Batelco on Thursday reported a 13.6% year-on-year drop in profits in Q2-17
20 July 03:36 PM Batelco quarterly profits drops to BHD 13.13m
Mubasher: Bahrain Telecommunications (Batelco) on Thursday reported a 13.6% year-on-year drop in profits in the second quarter of 2017, according to a statement. The Bahrain-listed company achieved a profit of BHD 13.13 million ($34.6 million) in …
Phoenix Power, Galfar Engineering and Contracting, and Oman Fisheries stocks declined 4.17%, 3.95%, and 3.05%, respectively
20 July 03:27 PM Blue chips push MSM down at close Thursday
Mubasher: The main index of the Muscat Securities Market (MSM) ended Thursday in the red zone after decreasing 0.87% or 43.63 points to reach 4,999.37 points. Phoenix Power, Galfar Engineering and Contracting, and Oman Fisheries stocks declined …
Impairment charges increased 22% in Q2-17
20 July 03:08 PM ADCB profits fall in Q2 on impairment charges
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) on Thursday said its profits declined by 10.4% year-on-year in the second quarter of 2017 on the back of higher impairment charges. The bank posted AED 1 billion ($272.2 million) in net profit …
The bank’s balance sheet has become more flexible
20 July 01:00 PM CIB posts higher profits in H1
Cairo – Mubasher: Commercial International Bank – Egypt (CIB) posted a 29.2% year-on-year rise in its profits during the first half of 2017, according to a bourse statement. Profits reached EGP 3.58 billion in H1-17, compared to EGP 2.75 billion …
AUB on Thursday reported a 4.4% year-on-year increase in profits in Q2-17
20 July 12:40 PM AUB – Kuwait’s Q2 profits rise 4%
Kuwait – Mubasher: Ahli United Bank – Kuwait (AUB) on Thursday reported a 4.4% year-on-year increase in profits in the second quarter of 2017. The Kuwait-listed bank achieved profits of KWD 10.49 million ($34.58 million) in Q2-17 from KWD 10.05 …
The Saudi electricity provider company posted SAR 10.92 million in Q2-17, compared to SAR 9.78 million in Q2-16
20 July 12:03 PM Saudi EIC profits grow 12% in Q2 on lower sales cost
Riyadh – Mubasher: Electrical Industries Co. (EIC) on Thursday said its profits increased 11.69% year-on-year in the second quarter of 2017. Quarter-on-quarter, the firm’s profits rose slightly by 2.57%, according to a bourse filing to the Saudi …
The-Tadawul listed firm profits fell to SAR 18.3 million in Q2-17, from SAR 28.5 million in Q2-16
19 July 07:17 PM Aldrees profits slide 36% in Q2 on expense rise, sales drop
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company said its profits tumbled 35.8% year-on-year in the second quarter of 2017. Quarter-on-quarter, the company’s profits levelled up 25.3%, according to a statement to the Saudi Stock …
The Qatari bank's profits amounted to QAR 352 million ($94.3 million) in Q2-17, compared to QAR 354 million ($94.8 million) in Q2-16
19 July 06:46 PM Doha Bank posts QAR 352m in Q2
Mubasher: Doha Bank on Wednesday said that its profits decreased 0.56% in the second quarter of 2017, compared to the year-ago period. The Qatari bank's profits amounted to QAR 352 million ($94.3 million) in Q2-17, compared to QAR 354 million …
Boursa Kuwait closed Wednesday’s trading session in the red
19 July 04:12 PM Boursa Kuwait falls on profit-taking Wednesday
By: Mohamed Farouk Kuwait – Mubasher: Boursa Kuwait closed Wednesday’s trading session in the red, pressured by an eight-sector drop and some profit-taking. The price index was down 0.28% or 19.2 points to 6,793.89 points, while the weighted index …
ECRA generated revenues of SAR 72.2 million from the Saudi Electricity Company (SEC), SAR 32.9 million from National Grid SA
19 July 02:00 PM ECRA revenues drop to SAR 139m in 2016 – Report
Riyadh – Mubasher: The Saudi Electricity and Cogeneration Regulatory Authority (ECRA) said its revenues fell to SAR 138.8 million in 2016, from SAR 141.8 million in 2015, according to a new report. ECRA generated revenues of SAR 72.2 million from …
One of CBI's branches
19 July 12:14 PM CBI posts AED 31.76m in Q2
Abu Dhabi – Mubasher: Commercial Bank International (CBI) posted a 1.21% year-on-year decline in its profits during the second quarter of 2017, according to a statement. Profits reached AED 31.76 million ($8.6 million) in Q2-17, compared to AED …
SEC reported a 0.45% decline in net profits in the second quarter of 2017
19 July 12:14 PM SEC profits decline marginally in Q2
Riyadh – Mubasher: The Saudi Electricity Company (SEC) on Wednesday reported a slight decline in net profits by 0.45% in the second quarter of 2017, compared to the corresponding quarter of the year before. The company recorded a net profit of SAR …
Sharjah Group's G&A grew to AED 2.76 million in H1-17
19 July 11:04 AM Sharjah Group profits fall 53% in Q2
Abu Dhabi – Mubasher: Sharjah Group said its net profits declined 53% year-on-year during the second quarter of 2017, according to a bourse statement. Profits reached AED 1.40 million ($38,100) in Q2-17, compared to AED 3 million ($81,660) in …
One of DIB's branches
19 July 10:54 AM DIB stock up on higher-than-expected profits
By: Mahmoud Gamal Dubai – Mubasher: Dubai Islamic Bank’s (DIB) stock rose following the announcement of its first-half financials which bet expectations. The stock rose 0.34% to AED 5.87 by 11:40 am UAE time. The stocksaw trading of 2.84 million …
One of DIB's branches
19 July 10:39 AM DIB posts higher profits in Q2
Dubai – Mubasher: Dubai Islamic Bank (DIB) saw a 10% growth in its profits year-on-year during the second quarter of 2017, according to a bourse statement. Net profits reached AED 1.10 billion ($299.4 million) in Q2-17, compared to AED 1 billion …
Profits dropped 18.32% in the first six months of FY17
19 July 09:43 AM Riyad Bank Q2 profits down 26%
Riyadh – Mubasher: Riyad Bank’s profits for the second quarter of fiscal year 2017 amounted to SAR 848 million, falling 26% year-on-year and 19% quarter-on-quarter. The bank attributed the year-on-year decline in Q2 profits to an increase of 28.2% …
Emirates NBD's profits declined 4.7% to AED 3.89 billion in the first half of 2017,
19 July 09:39 AM Emirates NBD profits grow in Q2
Dubai – Mubasher: Emirates NBD reported a 3.9% year-on-year increase in its profits during the second quarter of 2017, backed by lower expenses and provisions. Profits reached AED 2.02 billion ($550 million) in Q2-17, compared to AED 1.91 billion …
EIB expenses fell 15% to AED 242.97 million in Q2-17
19 July 09:17 AM EIB profits rise 80% in Q2
Dubai – Mubasher: Emirates Islamic Bank (EIB) reported a 79.88% year-on-year increase in its profits during the second quarter of 2017, according to a statement. Profits reached AED 165.67 million ($45.09 million) in Q2-17, compared to AED 92.10 …
The Commercial Bank of Qatar
19 July 08:44 AM CBQ profits fall 58% in Q2
Doha – Mubasher: The Commercial Bank of Qatar (CBQ) posted on Wednesday a year-on-year decrease of 58% in its profits for the second quarter of fiscal year 2017. Net profit reached QAR 88.37 million in Q2-17, compared to QAR 212.28 million for …
Profits totalled QAR 609.7 million in Q2-17
18 July 07:35 PM QIB profits up 10% in H1-17
Mubasher: Qatar Islamic Bank (QIB) has reported a 10% rise in net profits for the first half of the year, as it achieved profits of QAR 1.165 billion, according to a bourse filing. Profits totalled QAR 609.7 million in the second quarter of the …
Ahli Bank last reported a 3.1% rise in profits to reach QAR 170.02 million in Q1-17
18 July 05:57 PM Ahli Bank’s profits rise to QAR 172m in Q2
Doha – Mubasher: Ahli Bank Qatar on Tuesday announced a profit increase of 2.6% in the second quarter of 2017, compared to the corresponding period of 2016. The Qatar-listed bank achieved profits of QAR 172.19 million ($45.83 million) in Q2-17 up …