Search Site

Trends banner

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

SAR passenger numbers rise

The cargo transported by the railway company’s freight trains also recorded a 24 percent increase.
  • The company said that the freight service also contributed to the removal of more than 871,000 trucks from the roads
  • Saudi Railways CEO said results are reflective of the high-quality service and emergence of Saudi railways as a reliable transportation option

More than 2.3 million passengers used Saudi Railways during the first half of 2022, a 121-percent increase as compared to the same period last year.

The cargo transported by the railway company’s freight trains also recorded a 24 percent increase as compared to the first half of the previous year to reach more than 6.7 million tons, the company said in a statement on Tuesday.

The freight service also contributed to the removal of more than 871,000 trucks from the roads.

Bashar Al-Malik, the CEO of the company, said the first half results are reflective of the high-quality service and emergence of Saudi railways as a reliable transportation option.