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Company News, Business

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Alhokair Group wins $202m contract

The contract has been awarded for catering services in a NEOM residential complex.
By TRENDS Desk AFP
January 22, 2024 3:55 pm
  • The contract was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.
  • It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business.

Riyadh, Saudi Arabia — Abdulmohsen Alhokair Group for Tourism and Development was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.

The estimated value of the contract is SAR 760 million ($202 million) and it was awarded on Dec. 17, 2023, the group said in a statement to Tadawul.

It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business and diversifying its sources of income within the goals of its strategic plans, the statement said.

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