Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

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.

Amak of KSA sees 30% jump in shares on first trading day

After a strong debut, Amak now holds a market valuation of SR5.4 billion.
By TRENDS Desk
March 29, 2022 9:10 pm
  • The company saw its share price surge to a closing price of SR81.9 ($22), against an initial public offering price of SR63
  • In its IPO, the firm saw strong demand from institutional and retail investors, generating SR95.8 billion worth of orders collectively

Shares of Saudi mining firm Amak surged 30 percent on its debut on the kingdom’s main stock exchange.

Known as Al Masane Al Kobra Mining Co., the company saw its share price surge to a closing price of SR81.9 ($22), against an initial public offering price of SR63.

After a strong debut, Amak now holds a market valuation of SR5.4 billion.

In its IPO, the firm saw strong demand from institutional and retail investors, generating SR95.8 billion worth of orders collectively.

The initial share sale came at a time when Saudi Arabia is revamping its mining sector to attract more private investors.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]