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04 April 07:01 PM

Gulf news

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30 April 2025 02:18 PM Sumou Real Estate records 17% higher profits in Q1-25
Riyadh – Mubasher: Sumou Real Estate Company logged net profits amounting to SAR 22.36 million in the first quarter (Q1) of 2025, an annual growth of 16.99% from SAR 19.11 million. The company’s sales hiked by 25.34% year-on-year (YoY) to SAR …
Financial Results
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30 April 2025 00:01 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except the funds …
Mutual Funds
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30 April 2025 10:40 AM e& delivers 130% higher consolidated profits in Q1-25; revenues hit AED 16.8bn
Abu Dhabi – Mubasher: e& recorded 129.90% year-on-year (YoY) higher consolidated net profits at AED 5.55 billion in the first quarter (Q1) of 2025, compared to AED 2.45 billion. The consolidated revenues amounted to AED 16.86 billion as of 31 …
Financial Results
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30 April 2025 09:24 AM Americana Restaurants achieves higher sales in Q1-25 despite currency devaluation in Egypt
Mubasher: Americana Restaurants International logged net profits attributable to the owners valued at $32.64 million in the first quarter (Q1) of 2025, up 16.50% year-on-year (YoY) from $28.02 million. The company’s revenues jumped by 16.20% to …
Global Economy
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30 April 2025 09:16 AM Jamjoom Pharma logs SAR 157m net profits in Q1-25
Riyadh – Mubasher: Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) achieved net profits amounting to SAR 157.03 million in the first quarter (Q1) of 2025, an annual growth of 52.50% from SAR 102.97 million. Revenues soared by 18.69% to …
Financial Results
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30 April 2025 08:23 AM Saudi Kayan suffers nearly SAR 776m net losses in Q1-25
Riyadh – Mubasher: Saudi Kayan Petrochemical Company incurred net losses valued at SAR 775.78 million in the first quarter (Q1) of 2025, an annual increase of 35.65% from SAR 571.86 million. Revenues climbed by 4.35% year-on-year (YoY) to SAR 2.06 …
Financial Results
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29 April 2025 06:34 PM ADCB’s net profits climb 14% in Q1-25
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) generated AED 2.44 billion in net profit during the first quarter (Q1) of 2025, an annual rise of 14% from AED 2.13 billion. Basic and diluted earnings per share (EPS) jumped to AED 0.30 in …
Banking and Finance
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29 April 2025 06:07 PM NBF’s profits before tax exceed AED 337m in Q1-25
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) delivered 22.70% year-on-year (YoY) higher net profit before tax valued at AED 337.20 million in the first quarter (Q1) of 2025. The generated net profits were compared to AED 274.80 …
Financial Results
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29 April 2025 01:59 PM Al Arabia’s net profits fall 15% in 2024
Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) logged 14.75% lower net profits at SAR 271.28 million as of 31 December 2024, compared to SAR 318.23 million in 2023. The revenues hiked by 31.72% year-on-year (YoY) to SAR 1.68 …
Financial Results
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29 April 2025 01:39 PM Saudi Ceramics records over 39.5% higher profits in Q1-25
Riyadh – Mubasher: Saudi Ceramic Company (Saudi Ceramics) achieved net profits amounting to SAR 20.82 million in the first quarter (Q1) of 2025, an annual growth of 39.62% from SAR 14.91 million. Revenues climbed by 11.23% to SAR 384.60 million in …
Financial Results
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29 April 2025 00:42 PM FAB’s net profits jump to AED 5.1bn in Q1-25; assets surpass AED 1.3trn
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) posted net profits amounting to AED 5.12 billion in the first quarter (Q1) of 2025, up 23% from AED 4.15 billion in Q1-24. Basic earnings per share (EPS) hit AED 0.44 in Q1-25, higher by 26% than …
Banking and Finance
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29 April 2025 00:20 PM Astra Industrial’s profits rise 15% in Q1-25
Riyadh – Mubasher: Astra Industrial Group logged net profits valued at SAR 171.87 million in the first quarter (Q1) of 2025, higher by 14.77% than SAR 149.74 million in Q1-24. Revenues fell by 1.08% year-on-year (YoY)  to SAR 833.72 million as of …
Financial Results
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29 April 2025 11:57 AM Aldar logs AED 1.9bn profits in Q1-25; revenues jump 39%
Abu Dhabi – Mubasher: Aldar Properties recorded 22% year-on-year (YoY) higher net profits after tax at AED 1.90 billion in the first quarter (Q1) of 2025, compared to AED 1.57 billion. Revenues and rental income climbed by 39% to AED 7.79 billion …
Financial Results
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29 April 2025 10:50 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except the funds …
Banking and Finance
Photo Archive
29 April 2025 09:08 AM Alinma Bank’s profits reach SAR 1.5bn in Q1-25; dividends proposed
Riyadh – Mubasher: Alinma Bank generated net profits after Zakat and tax worth SAR 1.50 billion in the first quarter (Q1) of 2025, an annual rise of 14.70% from SAR 1.31 billion. The clients' deposits reached SAR 218.83 billion in the first three …
Banking and Finance
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28 April 2025 05:18 PM UAB generates AED 102m profits in Q1-25
Abu Dhabi – Mubasher: The United Arab Bank (UAB) recorded net profit valued at AED 102 million in the first quarter (Q1) of 2025, higher by 49% than AED 68 million in Q1-24. The growth in net profit was backed by an improved operating performance …
Financial Results
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28 April 2025 05:08 PM Amak’s net profits cross SAR 55m in Q1-25
Riyadh – Mubasher: Al Masane Al Kobra Mining Company (Amak) logged net profits worth SAR 55.23 million in the first quarter (Q1) of 2025, higher by 265.22% year-on-year (YoY) than SAR 15.12 million. Revenues jumped by 63.40% to SAR 219.77  million …
Financial Results
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28 April 2025 04:37 PM NBQ records AED 186m profits in Q1-25
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) generated AED 185.78 million in net profit after tax during the first quarter (Q1) of 2025, up 6% from AED 175.73 million in Q1-24. Basic and diluted earnings per share (EPS) hit AED 0.09 …
Banking and Finance
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28 April 2025 01:57 PM Emirates Driving’s net profits rise 8% in Q1-25
Abu Dhabi – Mubasher: Emirates Driving Company generated AED 68.80 million in net profit after tax during the first quarter (Q1) of 2025, an annual rise of 8% from AED 63.97 million. Revenues hiked by 85% to AED 167.10 million in Q1-25 from AED …
Financial Results
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28 April 2025 00:05 PM Al Modawat’s board eyes 200% capital hike
Riyadh – Mubasher: The board members of Al Modawat Specialized Medical Company recommended increasing the capital to SAR 71.25 million from SAR 23.75 million. The company will grant two bonus shares for each owned share, according to a bourse …
Board of Directors
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28 April 2025 11:26 AM iMENA raises $135m pre-IPO investment
Riyadh - Mubasher: iMENA Group, a regional leader in digital platforms in the MENA region, has raised $135 million from Sanabil Investments, a wholly owned company of the Public Investment Fund (PIF). The capital raise is comprised of a private …
Initial Public Offerings
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28 April 2025 09:03 AM stc posts 11% higher profits in Q1-25; dividends unveiled
Riyadh – Mubasher: Saudi Telecom Company (stc) recorded net profits valued at SAR 3.64 billion in the first quarter (Q1) of 2025, marking a growth of 11.04% from SAR 3.28 billion in Q1-24. The revenues increased by 1.59% year-on-year (YoY) to SAR …
Cash Dividends
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28 April 2025 08:58 AM Hub71 records $2.1bn in startup funding during 2024
UAE – Mubasher: Abu Dhabi's global tech ecosystem Hub71 startups recorded $2.17 billion (AED 8.02 billion) in funding during 2024, an annual hike of 44.70% from $1.50 billion (AED 5.40 billion). This performance highlights strong investor …
Global Economy
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27 April 2025 04:22 PM solutions reports higher profits at SAR 361m in Q1-25
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) achieved net profits amounting to SAR 361 million in the first quarter (Q1) of 2025. The recorded new profits were higher by 2.26% year-on-year (YoY) than SAR 353 …
Financial Results
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27 April 2025 03:09 PM Bank Albilad’s net profits up to SAR 700.5m in Q1-25
Riyadh – Mubasher: Bank Albilad logged net profits after Zakat and tax valued at SAR 700.40 million in the first quarter (Q1) of 2025, up 8.90% year-on-year (YoY) from SAR 643.10 million. The clients' deposits hit SAR 124.01 billion in the first …
Financial Results