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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.

GFH of Bahrain to list on Tadawul

ADX market value rose by US$29.23bn from $513.19bn at end of Q1of 2022 to $542.42bn in Q2 of 2022.
By TRENDS Desk
February 28, 2022 11:23 pm
  • The financial group will reportedly discuss the option with its shareholders at the general meeting
  • The company said shareholders will mandate the board of directors to complete the listing process

Bahrain-based Islamic investment bank GFH Financial Group intends to list on the Saudi stock exchange, Tadawul, and Abu Dhabi Securities Exchange, ADX, according to media reports.

The financial group will reportedly discuss the option with its shareholders at the general meeting scheduled on March 20.

In a filing to Bahrain bourse, the company said shareholders will mandate the board of directors to complete the listing process.

It also involves issuance of relevant documents and licenses, including setting the stock listing price.

Shareholders will vote on carrying forward $8.422 billion of 2021 net profit to the legal reserve.

This includes allocating $1.483 billion to the non-profit, civil society organizations, and zakat fund.

They will also discuss carrying forward $1.431 billion as retained earnings.

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