INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

SAR passenger numbers rise

The cargo transported by the railway company’s freight trains also recorded a 24 percent increase.
  • The company said that the freight service also contributed to the removal of more than 871,000 trucks from the roads
  • Saudi Railways CEO said results are reflective of the high-quality service and emergence of Saudi railways as a reliable transportation option

More than 2.3 million passengers used Saudi Railways during the first half of 2022, a 121-percent increase as compared to the same period last year.

The cargo transported by the railway company’s freight trains also recorded a 24 percent increase as compared to the first half of the previous year to reach more than 6.7 million tons, the company said in a statement on Tuesday.

The freight service also contributed to the removal of more than 871,000 trucks from the roads.

Bashar Al-Malik, the CEO of the company, said the first half results are reflective of the high-quality service and emergence of Saudi railways as a reliable transportation option.