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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.

Arabian Plastic to list on Nomu

By TRENDS Desk
June 30, 2022 9:31 am
  • Shares to be listed represent 20 percent of the company’s share capital
  • The Capital Market Authority’s approval shall be valid for six months from the authority’s board resolution date

Arabian Plastic Industrial Co. of Saudi Arabia will list one million shares in an initial public offering on the kingdom’s parallel market.

Shares to be listed represent 20 percent of the company’s share capital.

The resolution was issued by the Saudi stock market regulator Capital Market Authority in a statement on Wednesday.

The Capital Market Authority’s approval shall be valid for six months from the authority’s board resolution date. It shall be deemed cancelled if the company’s offering is not completed within this period.

The authority also granted Abdulaziz and Mansour Ibrahim Albabtin Co. approval to list 544,000 shares, representing 16 percent of the firm’s capital, on Nomu.

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