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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.

Jarir reports drop in H1 profit

Higher non-operating expenses impacted the nine-month results. (Jarir)
By TRENDS Desk
July 18, 2022 9:16 am
  • Consequently, its shares fell 2.78 percent to $39 on Sunday
  • This decline was caused by a 5.5 percent drop in sales compared to the same period last year along with higher marketing and sales expenses

Jarir Bookstore of Saudi Arabia has reported a six percent drop in profit to $114 million in the first half of the current year.

Consequently, its shares fell 2.78 percent to $39 on Sunday.

The retail giant saw its profits drop by 6 percent during the first half of 2022, on the back of lower sales.

The company’s net profit dropped to SR428.5 million ($114 million), compared to SR456.9 million in the previous year, according to bourse filings.

This decline was caused by a 5.5 percent drop in sales compared to the same period last year along with higher marketing and sales expenses.

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