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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.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

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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