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DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

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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