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ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Amlak appoints new MD

Amlak, regulated by the Saudi central bank, offers a range of financing solutions to institutions, high net worth individuals, and real estate developers.
  • Al-Sudairy has served as the company’s CEO since 2007 and has a wide range of experience in the financial sector
  • The Saudi-listed company said it received the Saudi central bank’s no-objection on April 21

Amlak International, Saudi Islamic real estate financier,  has chosen Abdullah bin Turki Al-Sudairy as new managing director. He will hold the new position and also keep his current post of being the company CEO.

Al-Sudairy has served as the company’s CEO since 2007 and has a wide range of experience in the financial sector, according to a bourse filing.

The Saudi-listed company said it received the Saudi central bank’s no-objection on April 21.

Amlak, regulated by the Saudi central bank, offers a range of financing solutions to institutions, high net worth individuals, and real estate developers.