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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Berain Water of Saudi Arabia ropes in Samba for IPO

    • The offering could be as much as 30 percent of stake in the company

    • Riyadh-based Berain is one of Saudi Arabia’s biggest bottled-water companies

    Berain Water of Saudi Arabia has roped in the services of the investment banking arm of Samba Financial Group to manage a potential Initial Public Offering (IPO) of the company, according to Bloomberg citing people familiar with the plan.

    No final decision has yet been made on a potential 30 percent stake sale and the company may decide against an IPO, said the people, who asked not to be identified as the information is private.

    Riyadh-based Berain is one of Saudi Arabia’s biggest bottled-water companies, and its listing would open a new industry to public investment in the Kingdom.

    Saudi Arabia is also expected to sell part of its Ras Al-Khair facility on Saudi Arabia’s Arabian Gulf coast, one of the world’s biggest desalination plants, later this year.

    Saudi Arabia will be among the top 10 most “water-stressed” nations in 2040, according to World Resources Institute forecasts.