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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.

Realty sector’s success hinges on GDP growth

  • Saudi Arabia has unveiled the MENA region's inaugural real estate stock exchange, marking a transformative moment for property trade in the Kingdom.
  • The Kingdom's residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030.

Riyadh, Saudi Arabia — Saudi Arabia’s real estate sector will contribute close to nine percent to the national gross domestic product by 2030, according to the kingdom’s Minister of Housing, Majid Al-Hogail. He told the Real Estate Future Forum in February that kingdom’s residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030.

In its pursuit to raise the percentage of home ownership to 70 percent by 2030, Saudi Arabia’s Real Estate Development Fund last December launched a program to provide short- and medium-term financial facilities to real estate finance companies, which will in turn facilitate the kingdom’s initiative to provide affordable housing to its residents.

In a groundbreaking move, Saudi Arabia has unveiled the MENA region’s inaugural real estate stock exchange, marking a transformative moment for property trade in the Kingdom.

The exchange isn’t just a platform for buying and selling real estate. It promises a comprehensive suite of services, from mortgage and real estate financing to bond issuance.

Driven by these measures and a strong economic growth, the sector continued to thrive in the second quarter of this year: