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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.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Saudi British Bank posts 157% jump in net profit to $750m

The bank reported a nearly 59 percent increase in H1 net profit.
By TRENDS Desk
October 28, 2021 7:07 pm
  • “We are investing considerably across the business front-to-back, to ensure that we remain relevant and can create a sustainable banking organization”
  • The chairman reiterated the bank’s efforts to support Saudi’s Vision 2030 plan and unlock the opportunities brought by the economic transformation plans

The Saudi British Bank (SABB) has posted a 157 percent increase in net profit to $750 million for the first nine months of 2021.

“It is worth reiterating that we are in the investment phase of our newly announced five-year strategic plan, where we will be taking the necessary steps to develop the Bank into an institution fit to meet the future needs of our customers,” chairman of SABB, Lubna Olayan, said.

“We are investing considerably across the business front-to-back, to ensure that we remain relevant and can create a sustainable banking organization,” she added.

The chairman reiterated the bank’s efforts to support Saudi’s Vision 2030 plan and unlock the opportunities brought by the economic transformation plans.

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