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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.

Saudi Arabia’s Kingdom Holding to invest $3.4bn in next 3 years

Kingdom Holding is owned by Prince Alwaleed Bin Talal.
  • The company completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022
  • It invested in diverse sectors with a proven track-record of growth and strong financial position

Kingdom Holding Co.is investing SR12.8 billion ($3.4 billion) for the next three years, according to a company’s bourse filing.

The company  completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022,  investing in companies operating in diverse sectors with a proven track-record of growth and strong financial position.

The company’s  investments amounted to SR4.33 billion in 2020, SR3.75 billion in 2021 and SR4.73 billion in 2022.