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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Aramco’s market value jumps to $2 trillion for the first time in two years

Aramco expands global downstream presence with key European investment. AFP
By TRENDS Desk
October 6, 2021 4:33 pm
  • The Saudi company helped fuel a rise in the Kingdom's stock market, with the Tadawul index exceeding 11,600 points for the first time in 14 years today
  • Aramco shares came at the forefront of the active shares in the market, with a 1.08 percent rise and reaching SR37.45 per share

The market value of Aramco has exceeded $2 trillion after its shares vaulted to their highest level since the start of 2020.

The oil giant has now replaced Google to become the third largest listed company in the world,

The Saudi company helped fuel a rise in the Kingdom’s stock market, with the Tadawul index exceeding 11,600 points for the first time in 14 years today.

Shares of 79 companies rose in the market, while 54 companies saw a decline.

The trading value amounted to SR419.2 million, after trading 9.82 million shares.

Aramco shares came at the forefront of the active shares in the market, with a 1.08 percent rise and reaching SR37.45 per share, followed by Al-Rajhi Bank shares, which rose by 1.25 percent and reached SR129.8 per share.

According to media reports, Aramco is seeking more than $15 billion for the share of a gas pipeline.

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