Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

NADEC records $11m profit

  • There was a 21 percent revenue increase due to a high growth in sales of dairy and food processing
  • The company had posted losses of $2.9 million in the same period last year

National Agricultural Development Company of Saudi Arabia has recorded profits during the first half of 2022 helped by a surge in sales of dairy and food processing.

The company turned green with a profit of $11 million in the first six months of the year from losses of $2.9 million in the same period last year, according to a bourse filing.

The company attributed the result to an 18 percent growth in sales of dairy and food processing, leading to a 21 percent revenue increase.