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TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Hotel construction to see boom in Saudi Arabia: TOPHOTEL Projects

Around 80 hotel projects in the Kingdom are scheduled for completion next year.
  • According to the TOPHOTEL Projects, some 80 hotel projects in the kingdom are scheduled for completion next year
  • Saudi Arabia has led the hotel construction market in the Middle East with some 37,654 rooms being built at the end of the second quarter of 2022

Saudi Arabia will see a boom in construction of hotels in 2023, with some 63,753 to be available for guests next year.

According to the TOPHOTEL Projects, some 80 hotel projects in the kingdom are scheduled for completion next year.

Saudi Arabia has led the hotel construction market in the Middle East with some 37,654 rooms being built at the end of the second quarter of 2022, according to data recently released by global hospitality insight provider STR.

In 2023 some 63,753 rooms will be available for guests, up from the 9,207 keys from this year’s projects.