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

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Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

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UAB net profit up by 50% for H1

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Kuwait’s shopping mall, the Avenues, to open in Saudi Arabia

  • It will launch the outlets in Riyadh and Alkhobar
  • The design for Riyadh is now complete and the contract is expected to be awarded soon

The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening of two outlets in the kingdom in the next four years.

It will launch the outlets in Riyadh and Alkhobar, said Khalid Al-Shariaan, CEO of Al-Mabanee, the company that operates the mall.

The design for Riyadh is now complete and the contract is expected to be awarded soon while work on Alkhobar project has already begun, Al-Shariaan told the media.