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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.

Kadi Pay okayed for BNPL solutions

SAMA permitted Kadi Pay to offer BNPL solutions.
By Hilal Mir
October 19, 2023 9:38 pm
  • With Kadi Pay, six authorized companies are now offering BNPL solutions in Saudi Arabia, bringing the total number of licensed/ permitted finance companies to 56.
  • The BNPL solutions provide finance to customers wishing to buy products and services without incurring financing costs.

Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has permitted Kadi Pay to provide Buy Now Pay Later (BNPL) solutions.

With Kadi Pay, six authorized companies are now offering BNPL solutions in Saudi Arabia, bringing the total number of licensed/ permitted finance companies to 56.

The BNPL solutions provide finance to customers wishing to buy products and services without incurring financing costs.

This decision reflects SAMA’s endeavor to support BNPL, finance and FinTech sectors by enhancing operational efficiency and innovative financial solutions to promote financial inclusion in Saudi Arabia, SPA reported.

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