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Financial Results

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25 July 03:59 PM Balady Poultry posts 79% YoY higher profits in H1-24
Riyadh – Mubasher: Balady Poultry Company logged a 78.61% year-on-year (YoY) surge in net profit to SAR 71.93 million during the first half (H1) of 2024 from SAR 40.27 million. Sales leapt by 30.49% YoY to SAR 449.63 million in H1-24 from SAR …
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25 July 03:38 PM UAB’s H1-24 net profits jump 15%
Abu Dhabi – Mubasher: The United Arab Bank (UAB) posted a net profit after tax amounting to AED 139 million in the first half (H1) of 2024, up 15% from AED 121 million in H1-23. Total income was higher by 10% year-on-year (YoY) at AED 300 million …
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25 July 12:35 PM EIC’s net profits leap 106.5% in H1-24
Riyadh – Mubasher: Electrical Industries Company (EIC) achieved a net profit valued at SAR 175.84 million in the first half (H1) of 2024, higher by 106.53% than SAR 85.14 million in H1-23. Revenues amounted to SAR 1.03 billion in H1-24, up 37.37% …
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25 July 11:58 AM FAB achieves AED 8.4bn net profits in H1-24
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) generated 3% higher net profits after tax at AED 8.40 billion during the first half (H1) of 2024, compared to AED 8.14 billion in H1-23. Operating income climbed by 16% year-on-year (YoY) to AED …
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25 July 11:45 AM Burgerizzr’s net profit soars 105% YoY in H1-24
Riyadh – Mubasher: Shatirah House Restaurant Company (Burgerizzr) reported a 104.91% year-on-year (YoY) surge in net profit to SAR 6.68 million in the first half (H1) of 2024 from SAR 3.26 million. Sales grew by 10.68% YoY to SAR 146.07 million in …
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25 July 11:06 AM Yanbu Cement’s net profits jump 13.5% in H1-24 initial results
Riyadh – Mubasher: Yanbu Cement Company registered a 13.65% rise in net profit to SAR 98.07 million during the first half (H1) of 2024, compared to SAR 86.29 million in H1-23. Revenues hit SAR 428.37 million in H1-24, higher by 7.74% year-on-year …
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25 July 09:29 AM NMDC sees 66% higher net profits in H1-24
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) posted net profits valued at AED 1.46 billion in the first half (H1) of 2024, higher by 66% year-on-year (YoY) than AED 881.16 million. Revenue from contracts with customers hiked by …
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25 July 08:56 AM Zain KSA records 86% drop in H1-24 net profits
Riyadh – Mubasher: The net profits of Mobile Telecommunication Company Saudi Arabia (Zain KSA) retreated by 86.25% to SAR 172 million in the first half (H1) of 2024 from SAR 1.25 billion in H1-23. The revenues stood at SAR 5.08 billion in H1-24, …
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24 July 04:11 PM ADIB logs 30% higher consolidated profit in H1-24
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) posted a 30% year-on-year (YoY) surge in consolidated net profit after tax and zakat of AED 3.02 billion during the first half (H1) of 2024 from AED 2.32 billion. Total operating income soared …
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24 July 03:24 PM CBD’s net profits hike 18.5% in H1-24
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) witnessed an 18.50% surge in net profit after tax to AED 1.45 billion during the first half (H1) of 2024, compared to AED 1.22 billion in H1-23. Total operating income climbed by 10.10% …
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24 July 10:37 AM DIB sees higher profits in H1-24; total income hits AED 11.2bn
Dubai – Mubasher: Dubai Islamic Bank (DIB) registered net profits valued at AED 3.37 billion in the first half (H1) of 2024, up 8.60% from AED 3.11 billion in H1-23. The lender posted 21.30% year-on-year (YoY) higher total income at AED 11.29 …
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23 July 05:13 PM stc achieves SAR 6.5bn net profits in H1-24, unveils Q2 dividends
Riyadh – Mubasher: Saudi Telecom Company (stc) posted a 7.73% year-on-year (YoY) increase in net profit to SAR 6.59 billion during the first half (H1) of 2024 compared to SAR 6.11 billion. The earnings per share (EPS) went up to SAR 1.32 as of 30 …
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23 July 10:45 AM First Mills records SAR 123m profits in H1-24; dividends unveiled
Riyadh – Mubasher: First Milling Company (First Mills) witnessed a 13.40% year-on-year (YoY) rise in net profit to SAR 123.22 million during the first half (H1) of 2024, compared to SAR 108.66 million. The revenues stood at SAR 518.79 million in …
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23 July 10:14 AM Mobily’s consolidated profit leaps 35% YoY in H1-24
Riyadh – Mubasher: Etihad Etisalat Company’s (Mobily) posted a 35.03% year-on-year (YoY) surge in consolidated net profit to SAR 1.29 billion in the first half (H1) of 2024 from SAR 962 million. Sales grew by 8.07% YoY to SAR 9.01 billion in H1-24 …
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22 July 05:04 PM solutions achieves 25% growth in H1-24 net profit
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has registered net profits worth SAR 806 million in the first half (H1) of 2024. The results signalled a 25.34% annual increase from SAR 643 million in H1-23, …
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22 July 02:06 PM Obour Land’s consolidated profits leap in H1-24; sales exceed EGP 3.8bn
Cairo – Mubasher: Obour Land for Food Industries posted year-on-year (YoY) higher consolidated net profits at EGP 422.91 million in the first half (H1) of 2024, versus EGP 212.08 million, according to the financial statements. Basic and diluted …
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22 July 12:22 PM Aldrees generates SAR 160m net profits in H1-24
Riyadh – Mubasher: The net profits of Aldrees Petroleum and Transport Services Company grew by 13.49% year-on-year (YoY) to SAR 159.80 million in the first half (H1) of 2024 from SAR 140.80 million. The revenues amounted to SAR 8.95 billion in …
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22 July 09:03 AM CIB’s H1-24 net profits skyrocket; total assets cross EGP 1trn
Cairo – Mubasher: The consolidated net profits of Commercial International Bank-Egypt (CIB) increased to EGP 27.54 billion in the first half (H1) of 2024 from EGP 14.05 billion in H1-23. Net interest income amounted to EGP 41.53 billion as of 30 …
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21 July 01:23 PM Mubadala-owned Sanad records AED 2.3bn revenues in H1-24
UAE – Mubasher: Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Mubadala, announced its financial performance for the first half (H1) of 2024. Sanad posted a revenue of AED 2.30 billion in H1-24, with …
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21 July 01:02 PM Sipchem records SAR 303m net profits in H1-24
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) reported a 61.31% year-on-year (YoY) plunge in net profit to SAR 303 million in the first half (H1) of 2024 from SAR 783.30 million in the same period a year earlier. Sales …
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21 July 12:45 PM Nadec’s net profit jumps 107% YoY in H1-24
Riyadh – Mubasher: National Agricultural Development Company (Nadec) reported a 107.36% year-on-year (YoY) surge in net profit to SAR 213.21 million in the first half (H1) of 2024 from SAR 102.82 million in the same period a year earlier. Sales …
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21 July 10:26 AM Amiantit shifts to profits in H1-24
Riyadh – Mubasher: Saudi Arabian Amiantit Company turned to a net profit of SAR 479.62 million in the first half (H1) of 2024, versus a net loss of SAR 8.08 million in the same period a year earlier. Sales grew by 8.71% year-on-year (YoY) to SAR …
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21 July 09:42 AM Saudi Tadawul Group achieves SAR 365.5m profits in H1-24
Riyadh – Mubasher: Saudi Tadawul Group Holding Company witnessed 86.42% year-on-year (YoY) higher net profits at SAR 365.40 million in the first half (H1) of 2024, compared to SAR 196 million. The revenues hit SAR 741.10 million in H1-24, marking …
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18 July 06:22 PM Ajman Bank records all-time high half-yearly net profits at nearly AED 216m in H1-24
Dubai – Mubasher: Ajman Bank generated net profits after tax worth AED 215.56 million in the first half (H1) of 2024, describing the results as the bank’s “all-time high half-yearly net profits,” according to a press release. The H1-24 net profits …
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18 July 05:35 PM ADCB achieves AED 5bn net profit before tax in H1-24
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …