Financial Results

The Saudi-based lender's net profits amounted to SAR 236.5 million in Q4-17
21 February 05:01 PM Alawwal Bank turns to profit in Q4
Riyadh – Mubasher: Alawwal Bank on Wednesday stated that it turned a profit during the fourth quarter of 2017, against suffering losses in the year-ago period. The Saudi-based lender's net profits amounted to SAR 236.5 million in Q4-17, against …
Quarter-on-quarter, the Tadawul-listed bank profits tumbled 7.2%.
21 February 03:57 PM Saudi bank Samba posts SAR 1.21bn profits in Q4
Riyadh – Mubasher: Samba Financial Group on Wednesday said that its net profits levelled up 11.4% year-on-year during the fourth quarter of 2017. The Saudi Arabia-based lender's net profits increased to SAR 1.21 billion in Q4-17 versus SAR 1.09 …
Fee and commission income reached KWD 10.3 million ($34.1 million) last year.
21 February 03:51 PM Global Investment House's logs KWD 2.5m net profit in 2017
Mubasher: Kuwait's Global Investment House (Global) on Wednesday posted KWD 2.5 million ($8.3 million) in net profits for the full-year 2017, while revenues recorded KWD 14.1 million. Fee and commission income amounted to KWD 10.3 million ($34.1 …
Net loss stood at EGP 1.65 billion last year
21 February 01:38 PM Orange Egypt losses fall 35% in 2017
Cairo – Mubasher: Orange Egypt on Wednesday reported a 35.3% year-on-year drop in its unaudited consolidated losses for 2017. Net loss stood at EGP 1.65 billion last year, against EGP 2.55 billion in 2016, the company said in a filing to the …
The Egyptian real estate firm will reveal its 2017 financial results next Monday
21 February 12:50 PM Palm Hills denies netting EGP 10.5bn sales in 2017
Cairo – Mubasher: Palm Hills Development Co has denied achieving sales of EGP 10.5 billion during 2017. The Egyptian real estate firm will reveal its 2017 financial results on Monday, 26 February, Palm Hills noted in a filing to the Egyptian …
The UAE-based carrier’s revenue grew 9.2%
21 February 12:31 PM flydubai reports AED 37.3m net profit in 2017
Dubai – Mubasher: Budget carrier flydubai posted a 17% increase in net profit during the full-year 2017, registering AED 37.3 million, compared to AED 31.6 million a year earlier. The UAE-based carrier’s revenue grew 9.2% to AED 5.5 billion from …
Net profit stood at EGP 245.5 million last year
21 February 12:16 PM Porto Group profits soar 109% in 2017
Cairo – Mubasher: Porto Group Holding on Wednesday reported a 109% year-on-year hike in consolidated profits for 2017 due to higher revenues. Net profit stood at EGP 245.5 million last year, versus EGP 117.5 million a year earlier, the company …
Interest revenues doubled to EGP 6.6 billion in 2017
21 February 11:31 AM EG Bank profits rise 36% in 2017
Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) on Wednesday posted a 36% year-on-year rise in consolidated profits for 2017 due to a growth in interest revenues. Net profit amounted to EGP 511.8 million last year, up from EGP 376.7 million in …
The number of subscribers reached 142 million subscribers in Q4-17
21 February 10:31 AM Etisalat subscribers up to 142m in Q4
By: Mahmoud Gamal Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat), listed on the Abu Dhabi Securities Exchange (ADX), reported a 0.7% year-on-year rise in total subscribers for the fourth quarter of 2017. The number of …
The firm’s net loss amounted to SAR 11.8 million during Q4-17
21 February 10:18 AM Najran Cement reports SAR 11.8m loss in Q4
Riyadh – Mubasher: Saudi Arabia-based Najran Cement Company on Wednesday said that it turned unprofitable in the fourth quarter of 2017, against posting profits in the year-ago period. The firm’s net loss amounted to SAR 11.8 million during Q4-17, …
Agility's profits surged 16% to KWD 68.51 million for the full year 2017
21 February 09:39 AM Agility's profit hikes 22.5% in Q4
Mubasher: Agility Public Warehousing (Agility) on Wednesday posted a 22.5% year-on-year hike in net profits for the fourth quarter of 2017. The Kuwait-based firm's net profits amounted to KWD 19.29 million ($64.5 million) in Q4-17 compared to KWD …
Al Baraka Banking Group's profits fell 8% in Q4-17
20 February 07:09 PM Bahrain’s Al Baraka Bank profits drop 15% in 2017
Dubai - Mubasher: Al Baraka Banking Group BSC (ABG) on Tuesday said its net income attributable to the parent decreased by 8% year-on-year to $32 million in the fourth quarter of 2017 from $35 million in the comparable period a year earlier. For …
Human Soft’s board of directors recommended distributing a 160% cash dividend from the share’s par value
20 February 05:23 PM Human Soft posts KWD 9.06m profits in Q4; proposes dividends
Mubasher: Human Soft Holding on Tuesday reported a 13.5% year-on-year hike in profits for the fourth quarter of 2017. The firm’s profits amounted to KWD 9.06 million ($30.25 million) during Q4-17, compared to KWD 7.99 million ($26.68 million) in …
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20 February 05:15 PM AUB profits up 17% in Q4, board propose 23% dividends
Mubasher: Ahli United Bank (AUB) reported a 17% rise in profits for the fourth quarter of 2017, according to a bourse filing. Quarterly profits reached $150 million in Q4-17, compared to $128.5 million for the same period in the year before. …
The lender's net profits rose to SAR 351.9 million in Q4-17
20 February 05:06 PM SAIB logs SAR 351.9m profits in Q4
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) on Tuesday posted a 16.45% growth in net profits for the fourth quarter of 2017, compared to the year-ago period. The lender's net profits rose to SAR 351.9 million in Q4-17 versus SAR 302.2 …
Kuwait Styrene is a joint venture established in 2004
20 February 01:26 PM Equate’s Kuwait Styrene records $94m profits in FY17
Mubasher: The Kuwait Styrene Co has achieved a net profit of $94 million in the fiscal year ended on 31 December 2017, according to a recent statement. The international sales strategy has backed in registering good income statements, the CEO of …
Osos will consider paying 10 fils per share as dividends for FY17
20 February 12:22 PM Osos to consider paying 10 fils/shr dividends mid-March
Mubasher: Osos Holding Group Co will hold its ordinary general meeting (OGM) on Sunday, 11 March, to discuss the board’s recommendation of distributing 10% of capital as cash dividends for fiscal year 2017. Osos will consider paying 10 fils per …
Batic’s net profits amounted to SAR 12.4 million during Q4-17
20 February 10:50 AM Batic logs SAR 52.6m profits in 2017
Riyadh – Mubasher: Saudi Arabia's Batic Investments and Logistics Company on Tuesday stated that it turned profitable in the fourth quarter of 2017, against incurring losses in the year-ago period. Batic’s net profits amounted to SAR 12.4 million …
The lender's net profits rose to SAR 706 million during Q4-17
20 February 10:13 AM SABB posts SAR 706m profits in Q4
Riyadh – Mubasher: The Saudi British Bank (SABB) on Tuesday reported a 16.31% year-on-year hike in net profits for the fourth quarter of 2017. The lender's net profits rose to SAR 706 million during Q4-17 versus SAR 607 million in the same period …
Al Ahleia Insurance recommended a cash dividend of 35%
20 February 10:06 AM Al Ahleia Insurance posts lower profits in FY17; dividends proposed
Mubasher: Al Ahleia Insurance posted a drop of 47% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings shrank to KWD 1.52 million ($5.1 million) in Q4-17 from KWD 2.87 million ($9.6 million) in …
Losses shrank to about KWD 591,950 ($1.98 million) in Q4-17
20 February 09:55 AM Asiya Capital FY17 financials turn to profit
Mubasher: Asiya Capital Investments Co reported a decline of 87.2% in losses during the fourth quarter of 2017 compared to the same period in the prior year. Losses shrank to about KWD 591,950 ($1.98 million) in Q4-17 from KWD 4.61 million ($15.42 …
Net profits rose to AED 772 million in 2017 versus AED 641 million a year earlier
19 February 05:42 PM Empower's profit rises 20% in 2017
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) on Monday posted a 20% hike in profits for the full year 2017. Net profits rose to AED 772 million in 2017 versus AED 641 million a year earlier, according to the company’s …
The Islamic lender's business volume rose to EGP 84.66 billion in January 2018
19 February 05:30 PM Faisal Islamic Bank’s business volume rises 11.1% in January
Cairo – Mubasher: Faisal Islamic Bank of Egypt on Monday said that its business volume increased 11.1% by the end of January 2018, compared to the year-ago period. The Islamic lender's business volume rose to EGP 84.66 billion by the end of the …
The bank’s total assets increased by 13% in 12M
19 February 05:15 PM Bank of Sharjah posts AED 265m net profit in FY17
Abu Dhabi – Mubasher: Bank of Sharjah (BOS) reported a 34% decline in net profit during 2017, registering AED 265 million, compared to AED 402 million a year earlier. The bank’s total assets increased by 13% year-on-year to AED 30.511 billion in …
The oil-rich nation exported 7.05 million bpd in the last month of 2017
19 February 04:50 PM Saudi oil exports rise by 29,000 bpd in December – JODI
Riyadh – Mubasher: Saudi Arabia's crude oil exports increased by 29,000 barrels per day (bpd) on a monthly basis during December 2017. The oil-rich nation exported 7.05 million bpd in the last month of 2017, the Joint Organisations Data …