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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Abdullah Al Othaim Markets CEO quits

The outgoing CEO will serve as advisor to the Board.
  • The Board said Muwaffaq Mansour Jamal will be the delegated CEO of the company from 17 Dec.
  • Hussain quit due to family circumstances that require his presence outside the kingdom.

Mohsen Saqer Hussain has quit as the CEO of Abdullah Al-Othaim Markets Company due to family circumstances that require his continuous presence outside the kingdom, the company said in a statement.
The Board of Directors will use the expertise of Mohsen as an advisor to the Board, the statement said.
Muwaffaq Mansour Jamal will serve as the delegated CEO of the company from 17 Dec 2021, the company said. His membership of the Board changes from Independent Board Member to Executive Member.
The Board thanked Hussein for his efforts during his stint as the CEO of the company.