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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

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23 solar panel plants to come up across Saudi Arabia

  • The factories will be established in 12 industrial cities, according to Modon.
  • Products to be manufactured include Solar cells, slim panels for generating solar energy, solar energy panels.

DUBAI: As many as 23 factories that will manufacture solar panels and systems will be set up across Saudi Arabia, according to Saudi Authority for Industrial Cities and Technology Zones (Modon).

The plants will be established in 12 industrial cities, including Riyadh, Sudair, Al-Kharj, Dammam, Jeddah, Al-Madinah and Al-Baha as part of Modon’s strategy to empower industry and contribute to increasing the local content, the authority said.

Solar cells, slim panels for generating solar energy, solar energy panels, solar energy systems, indoor and outdoor lighting units, systems for charging batteries of photovoltaic and solar energy for lighting are some of the products that will be manufactured in these plants.

Local media reports, citing CEO Engineer Khalid Bin Mohammed Al Salem, said Modon seeks to attract investments that contribute to realizing Saudi Vision 2030’s target of achieving a perfect energy mix in the kingdom.