Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Infath of Saudi Arabia logs $159.9m sales in October

File picture.
  • The organization has now raised more than $533 million since it started operations in September 2020
  • Infath is planning to supervise 3 additional auctions during the first half of November 2021

Entrustment and Liquidation Center (Infath) of Saudi Arabia has raked in its highest ever sales in October thanks to the sales of more than $159.9 million.

The organization has now raised more than $533 million since it started operations in September 2020.

Infath is planning to supervise 3 additional auctions during the first half of November 2021, namely the Real Estate Opportunities Auction, to sell commercial and residential properties in Riyadh, Makkah and Dawadmi Province.

Infath had attracted more than 1,400 commercial establishments in projects related to the evaluation, preparation and the sale of real estate and movable assets.