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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

SAMI revenue vaults to $605m

SAMI, ranked 98, has seen a massive 2,898 percent jump in revenue in 2021, compared to a year earlier. (Asharq Al-Awsat)
By TRENDS Desk
August 11, 2022 12:11 pm
  • The firm has made it to the list of the 100 largest defense companies for the year 2022
  • The kingdom has been consolidating companies within SAMI to achieve a 50 percent technology transfer target

The Saudi Arabian Military Industries’ revenue jumped from $20 million in 2020 to $605 million in 2021.

According to Defense News rating, the company has made it to the list of the 100 largest defense companies for the year 2022.

The rise in revenue and the company’s global ranking follow its acquisition of the Advanced Electronics Co. in December 2020.

In line with Vision 2030, the Saudi government has been consolidating companies within SAMI to achieve a 50 percent technology transfer target.

The firm has also attributed its growth to its weapons and missiles business, its emerging technologies division, in addition to its joint ventures including Saudi Aircraft Accessories and Components Co., Navantia and Thales.

 

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