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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.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

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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