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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

APICO posts 29% profit increase

Yaqeen Capital will lead the book-building period.
By TRENDS Desk
August 22, 2022 2:08 pm
  • The plastic manufacturer reported an increase in revenue to $31 million during the year
  • The book-building period will be led by Yaqeen Capital and shall start on September 11 and end on September 13

Arabian Plastic Industrial Company (APICO) has posted a 29 percent increase in profit to $2.08 million for 2021, ahead of its scheduled listing on Saudi Arabia’s parallel Nomu market.

The plastic manufacturer reported an increase in revenue to $31 million during the year.

The company will proceed with an initial public offering of 20 percent of its capital, representing 1 million shares, on the Kingdom’s parallel Nomu market.

The book-building period will be led by Yaqeen Capital and shall start on September 11 and end on September 13.

APICO, set up in 1996, serves customers across different sectors, including but not limited to Almarai Co., Flynas, TotalEnergies, and Nahdi Medical Co.

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