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Top ten Saudi banks log $5.2bn profit after tax in Q2: A&MAggregate profit after tax for ten largest Saudi banks increased by 4.3% QoQ to SR19.5 billion ($5.2 billion) in Q2’24 due to net interest income (NII) growth (+2.5% QoQ) and a substantial decline in impairment charges (-27.0% QoQ). More… |
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PIF’s revenues jump to $88.5 billion in 2023Saudi Arabia's Public Investment Fund (PIF) has recorded a robust growth of more than 100% in its total revenues during the year 2023, soaring to SR331 billion ($88.5 billion), up from SR165 billion ($44 billion) in 2022, a report said. More… |
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GWC posts 2023 net profits of $59.1m, makes revenue of $410mGulf Warehousing Company (GWC), one of the fastest-growing firms in the Mena region, has posted a net profit of QR215 million ($59.1 million) for 2023 on the back of robust revenue of QR1.5 billion ($410 million). More… |
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GWC posts 2023 net profits of $59.1m, makes revenue of $410mGulf Warehousing Company (GWC), one of the fastest-growing firms in the Mena region, has posted a net profit of QR215 million ($59.1 million) for 2023 on the back of robust revenue of QR1.5 billion ($410 million). More… |
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Air Arabia 9-month profits soar to all-time high $360mAir Arabia, the Middle East & North Africa’s first and largest low-cost carrier operator, has announced an all-time record AED1.32 billion ($359.39 million) net profit the first nine months ending September 30, 2023, an incre More… |
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NBF’s 9-month net profit surges 122.5% to $139.7mNational Bank of Fujairah (NBF) has reported a 122.5% jump in net profit to AED513.2 million ($139.72 million) for the nine-month period ended September 30, 2023, compared to AED230.7 million in the corresponding period of 2022. On More… |
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Kamco returns to profits with Q2 net at $5.5m, a 60pc jumpKamco Invest, a regional non-banking financial powerhouse, returned to profitability during the second quarter (Q2) reporting a net profit of KD1.7 million ($5.5 million), a 60% increase compared to Q2 2022. More… |
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Manufacturers with optimised DX see profits jump 40pc: IFSManufacturers with optimised digital transformation (DX) have seen profits increase 40% compared to less digitally mature organisations, said IFS, a global cloud enterprise software company. As per the results More… |
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Increased revenues push up Julphar EBITDA by 13.5pcGulf Pharmaceutical Industries (Julphar), has seen EBITDA from continuing operations reaching AED45.4 million ($12.36 million) in Q1 2023 boosted by a 8.5% increase in revenue to AED454.1 million. EBITDA More… |
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Increased revenues push up Julphar EBITDA by 13.5pcGulf Pharmaceutical Industries (Julphar), has seen EBITDA from continuing operations reaching AED45.4 million ($12.36 million) in Q1 2023 boosted by a 8.5% increase in revenue to AED454.1 million. EBITDA More… |
