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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.

BinDawood’s H1 profit tumbles

The company attributed the weak figures to lower gross profit and higher operating expenses. (Asia Newsday)
By TRENDS Desk
August 24, 2022 1:18 pm
  • The company's board proposed a half-year cash dividend payout of $27 million at SR0.9 per share
  • Its sales and revenues surpassed $640 million during the first half of the current year

BinDawood Holding Company has reported a 31 percent dip in H1 profit to $28.80 million, compared with the profit of $41.86 million for the same period of the last year.

The company said the weak figures resulted from a dip in gross profit and and an increase in operating expenses.

The company’s board proposed a half-year cash dividend payout of $27 million at SR0.9 per share, bourse filings show.

Its sales and revenues surpassed $640 million during the six-month period.

The company CEO, Ahmad BinDawood, said.“Our strong start to the year in terms of sales has been driven by a return of pilgrims for Hajj and Umrah, coupled with marketing and promotions carried out during Ramadan and Back to School seasons.”

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