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DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

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.