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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Savola to pay $93m in dividends

The Group reported a net profit of $104m for the first quarter of 2023. (Savola)
  • The General Assembly date will be set after securing the formal approvals from the relevant authorities.
  • The Group reported a net profit of 742.80 million riyals for 2022, a 234.75 percent rise over 221.90 million in 2021.

Dubai, UAE — Saudi food giant Savola Group’s board has recommended a cash dividend of 352 million riyals ($93.7 million) to the shareholders for 2022.

This amounts to 0.66 riyal per share. The date of distribution will be announced later, the company said in Tadawul disclosure.

The General Assembly date will be set after securing the formal approvals from the relevant authorities, in which the related Board’s recommendation will be ratified, the company said.

The Group reported a net profit of 742.80 million riyals for 2022, a 234.75 percent rise over 221.90 million in 2021. The firm recorded 28.05 billion riyals in revenue for 2022, which was 13.72 percent higher than the 24.66 billion riyals the previous year.