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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.

Shareholders of Jeddah’s International Medical Center to sell shares in an IPO

International Medical Center, Jeddah.
By TRENDS Desk
October 3, 2021 4:30 pm
  • This follows a raft of other Saudi companies announcing a potential listing on the Saudi bourse
  • The firm, which owns 19.25 percent of the hospital, said it will take the necessary measures to “transform it into a public joint-stock company”

Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a public offering, following the company’s exit from Dubai’s Amanat.

The firm, which owns 19.25 percent of the hospital, said it will take the necessary measures to “transform it into a public joint-stock company” listed on Tadawul, Saudi Arabia’s main market.

This follows a raft of other Saudi companies announcing a potential listing on the Saudi bourse.
IMC is a polyclinic medical complex with a total capacity of 300 beds.

Fitaihi Holding Group said the move is part of the company’s long-term strategy to increase return on equity of its shareholders.

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