INSEAD Day 4 - 728x90

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

American falcon sells for $467,000 in Saudi auction

  • An ultra-white Gyr Qarmousha Falcon, less than a year old, was sold for SAR1.75 million (around $467,000)
  • It came from a noted international breeding facility called the Pacific Northwest Falcons farm, located in the US

The month-long International Falcon Breeders Auction in Saudi Arabia came to a close on Sunday, September 5, with the sale of the world’s most expensive Gyr falcon.

Organized by the Saudi Falcons Club in Malham near Riyadh since August 5, the event has seen several high-value sales, including one where a young falcon was valued at $72,000.

However, that was shadowed on Sunday by an ultra-white Gyr Qarmousha Falcon that was less than a year old.

Sold for SAR1.75 million (around $467,000), it came from a noted international breeding facility called the Pacific Northwest Falcons farm, located in the US.

The falcon was 16.5 inches both long and wide, and weighed 980 grams.

The bidding process was broadcast live on television and livestreamed on social media platforms.

On Sunday, SFC brought down the curtains on the latest edition of the IFBA, having provided breeders from 14 countries a platform to showcase their best birds.

Falconry is a popular hobby in the Arab world, and is considered a part of cultural heritage there.

The breeding of falcons as a hobby also helps its global population, given that the bird is an endangered species.