Search Site

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

KHC’s profit vaults by 1,162%

The kingdom will grow at an average rate of 3.2% from 2023-26.
  • 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.