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Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Luberef net profit falls 7% in Q1

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

Riyad Bank reports 13% jump in profit

Salaries and impairment charges on investments weighed on profit during the nine-month period, leading to a rise in expenses. (Twitter)
By TRENDS Desk AFP
October 24, 2022 1:34 pm
  • The bank saw its shares increase 1.84 percent at the end of Sunday to reach SR36
  • The profit hike was buoyed by higher operating income, due to an increase in earnings from net special commissions, fees and commissions

Riyadh, Saudi Arabia— Riyad Bank has reported a 13 percent increase in profit to $1.3 billion in the first nine months of 2022.

The bank saw its shares increase 1.84 percent at the end of Sunday to reach SR36.

The profit hike was buoyed by higher operating income, due to an increase in earnings from net special commissions, fees and commissions, and exchanges, the bank said.

However, salaries and impairment charges on investments weighed on profit during the nine-month period, leading to a rise in expenses.

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