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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

MBC Group IPO plea okayed

A general view of the MBC building at Media City in Dubai
November 21, 2023 7:39 pm
  • The number of shares represent 10 percent of the capital of the Saudi media conglomerate.
  • The company's prospectus will be published ahead of the planned share sale, the market regulator said in a statement.

Riyadh, Saudi Arabia — Saudi media conglomerate MBC Group’s application to sell 33.25 million shares in an initial public offering (IPO), representing 10 percent of its capital, has been approved by Saudi Arabia’s Capital Market Authority (CMA).

The company’s prospectus will be published ahead of the planned share sale, the market regulator said in a statement.

The approval granted by the CMA is valid for a period of six months from the date of the Board resolution.

Headquartered in Riyadh, MBC Group operates over 19 free-to-air satellite TV channels, and a video on demand service (Shahid).

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