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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.

Al Babtain to procure SAR 250m loan

Makkah Gate has been one of Al Babtain Power and Telecom projects.
  • The duration of the banking facility is four years and 282 million riyals have been pledged as guarantees for the financing.
  • The company said the loan will be used for re-structuring a part of short-term finances.

Saudi Arabia-based Al Babtain Power and Telecommunications company will get a loan of 250 million Saudi Riyals through Murabaha mode from Al Rajhi Bank.
The duration of the banking facility is four years and 282 million riyals have been pledged as guarantees for the financing, Al Babtain said in a Tadawul listing.
The company said the loan will be used for re-structuring a part of short-term finances and transfer it to medium-term finance, which will reflect on increasing the necessary cash flow to finance the company needs.
In the 12 months preceding March 2021, the company had paid 28 percent of its profits as dividends.