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Luberef net profit falls 7% in Q1

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

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

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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