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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

Q2 pre-tax net profit increases by 14 percent.

A $40m fund set up in KSA

By TRENDS Desk
April 6, 2022 5:26 pm
  • One of Al Moammar primary objectives is developing technology start-ups with the focus on disruptive and innovative technologies
  • The company said it intends to establish a business incubator, accelerator, and innovation lab, either within the company or as a separate subsidiary

Saudi technology firm Al Moammar Information Systems Co. has teamed up with Saudi Fransi Capital to set up a $40 million private fund for venture capital investments in the technology sector within the kingdom.

One of Al Moammar primary objectives is developing technology start-ups with the focus on disruptive and innovative technologies, according to a bourse filing.

The company said it intends to establish a business incubator, accelerator, and innovation lab, either within the company or as a separate subsidiary.

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