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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Banks rule GCC in market capitalization

  • Al Rajhi Bank's market capitalization stands at $80.65 billion
  • In energy sector, Saudi Aramco is much ahead of others with $1.86 trillion

Banking firms in the Arabian Gulf countries dominate the list of top companies in terms of market capitalization, which is the number of shares multiplied by the value of a share on a particular trading day.

Saudi Arabia, which is home to nearly 30 percent of the GCC’s total banking assets and the largest in terms of market capitalization, is leading from the front.

Al Rajhi Bank and National Commercial Bank have the market capitalization worth $80.65 billion and $70.72 billion respectively.

The market capitalization of the UAE’s First Abu Dhabi Bank stands at $54.4 billion, according to the data available at GCC stock markets as of September 23, 2021.

Qatar’s QNB reported its market capitalization at $48 billion, while Qatar Islamic Bank was worth $11.6 billion.

In the energy sector, Saudi Aramco was much ahead of others with $1.862 trillion, according to the September 23 GCC stock market data.