Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Company News, Business, Economy

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Maaden posts net loss in Q3

Maaden's net profit fell 83 percent in 2023.
By TRENDS Desk
November 1, 2023 1:11 am
  • Maaden posted a net profit of US560 million (SAR 2.1 billion) in Q3 2022.
  • Maaden posted net earnings of $183 million for the first nine months of 2023.

RIYADH, SAUDI ARABIA – Saudi Arabian Mining Co. (Maaden) posted a net loss of US$22.2 million in Q3 2023.

Maaden posted a net profit of US560 million (SAR 2.1 billion) in Q3 2022.  

Maaden posted net earnings of US$183 million (SAR 686.9 million) for the first nine months of 2023, down 92 percent compared with US$2.2 billion (SAR 8.3 billion) in the corresponding period last year.

Sales revenue was US$1.6 billion (SAR 6.22 billion) in Q3 versus US$2.6 billion (SAR 10 billion) in the prior period, the miner said in a regulatory disclosure on Riyadh’s Tadawul exchange on Tuesday.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

Energy deals top list as Bahrain issues $1.6bn tenders in Q1 2021

Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m     Bahrain…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

[adinserter block="4"]