Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Profile & Interviews, Thought Leaders

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.

Saudi philanthropist Alwaleed to continue as chairman of Kingdom Holding

By TRENDS Desk
July 5, 2021 9:43 am

    • The company posted a net profit of $24.2 million for the quarter ending March 31, 2021

    • Its portfolio includes CitiGroup, Four Seasons Hotels & Resorts, Banque Saudi Fransi, and Savoy

    The philanthropist and billionaire of Saudi Arabia, Prince Alwaleed bin Talal, will continue to be chairman of the board of directors of his investment firm Kingdom Holding for a new three-year term.

    According to a bourse filing on Monday, the board of directors has also elected Lama Abdulaziz AlSulaiman as vice chairman and approved the formation of an investment committee, headed by Alwaleed. 

    According to Arab News, the new term started on June 5, 2021 and will end on June 4, 2024. Founded in 1980, Kingdom Holding’s portfolio includes CitiGroup, Banque Saudi Fransi, Four Seasons Hotels & Resorts and Savoy, among many others. The company posted a net profit of 91 million riyals ($24.2 million) for the three months ending March 31, 2021, against a net loss of 50 million riyals a year earlier.

    [adinserter block="5"]

    Most Read

    UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

    Getting vaccinated is ‘the most patriotic thing’ to do

    The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

    Saudi Arabia to generate $150 billion in investments from its new transport policy

    The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

    GCC healthcare: Transforming the region and impacting the world

    PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

    New-Age Growth Comes Home to the GCC

    The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

    [adinserter block="4"]