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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

KNPC warns people not to fall for ‘dubious’ online ads

The company would take legal action against those involved in such ads to safeguard its rights and to protect people from lies.
By TRENDS Desk
December 11, 2021 5:53 pm
  • The company's Deputy CEO for Administrative and Commercial Affairs and Official Spokesman Ahed Al-Khrayef said unknown entities have recently posted ads
  • "These ads are totally divorced from reality, and the company has nothing to do whatsoever with these ads," he affirmed

Kuwait National Petroleum Company (KNPC) has denied offering shares for trading, warning social media users not to believe in some “dubious” online advertisements illegally using the company’s name.

Speaking to KUNA, the company’s Deputy CEO for Administrative and Commercial Affairs and Official Spokesman Ahed Al-Khrayef said unknown entities have recently posted ads inviting investment and profiting by buying the company’s stakes.

“These ads are totally divorced from reality, and the company has nothing to do whatsoever with these ads,” he affirmed, underling that the KNPC is fully state-owned and its shares are not for sale.

He cautioned that the company would take legal action against those involved in such ads only to safeguard its rights and to protect people from such lies.

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