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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

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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Savola sells KEC stake for $122m

Knowledge Economic City is owned by Savola Group directly and indirectly at an approximate share of 11.47 percent. (ITP)
By TRENDS Desk
August 11, 2022 3:09 pm
  • The company said it wants to focus on investing in its main operations in the food and retail sectors, while ending investments in non-core businesses
  • Knowledge Economic City’s shares ended Wednesday’s trading session 6.12 percent higher at SR14.56

Savola Group has sold its stake in Knowledge Economic City Co. and Knowledge Economic City Developers Co. Limited for $122 million.

The company wants to focus on investing in its main operations in the food and retail sectors, while ending investments in non-core businesses, the group said in a bourse filing.

Knowledge Economic City is owned by Savola Group directly and indirectly at an approximate share of 11.47 percent.

Knowledge Economic City’s shares ended Wednesday’s trading session 6.12 percent higher at SR14.56.

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