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DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

KHC’s profit vaults by 1,162%

The kingdom will grow at an average rate of 3.2% from 2023-26.
By TRENDS Desk
August 25, 2022 1:57 pm
  • KHC’s revenue more than doubled to $320 million during the same period, thanks to higher hotel and property sales
  • During the first half of the current year,  KHC closed an $3.41 billion investment program, following the sale of shares to the Saudi sovereign wealth fund

Kingdom Holding Company (KHC) has posted a 1,162 percent increase in profit to $1.7 billion in the first half of 2022, up from $134 million in the same period last year.

KHC’s revenue more than doubled to $320 million during the same period, thanks to higher hotel and property sales, according to a bourse filing.

During the first half of the current year,  KHC closed an $3.41 billion investment program, following the sale of shares to the Saudi sovereign wealth fund.

Saudi billionaire Prince Alwaleed bin Talal sold part of his stake in KHC to the Public Investment Fund in a $1.5 billion deal, reducing his interest to 78.13 percent.

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