Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

QOIC reports 38% profit in Q1

Qatar Oman Investment Company (QOIS) announces a purchase and share swap agreement.
By TRENDS Desk
May 2, 2023 10:32 am
  • The company's net profit rose by 37.89 percent to reach QR 4.552 million ($1.253 million)
  • It also reported a rise in its Earnings Per Share (EPS), which amounted to QR 0.014 ($0.0039)

Doha, Qatar – Qatar Oman Investment Company announced a significant increase in net profit for the first quarter ending March 31, 2023. 

The company’s net profit rose by 37.89 percent to reach QR 4.552 million ($1.253 million) compared to QR 3.301 million ($0.908 million) in the same period of the previous year. 

The company also reported an increase in its Earnings Per Share (EPS), which amounted to QR 0.014 ($0.0039) as of March 31, 2023, compared to QR 0.010 ($0.0028) for the same period in 2022.

Qatar Oman Investment Company was established in 2006 with a capital of QR 315 million ($86.8 million).

[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"]