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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

SIIG of Saudi Arabia to buy all shares of Petrochem

As part of the buyout, SIIG will issue 304,800,000 ordinary shares with a nominal value of SR10 ($2.6) each.
By TRENDS Desk
April 11, 2022 8:10 pm
  • SIIG will now fully own Petrochem and as a result the latter will be suspended from trading on the Saudi Stock Exchange beginning Monday
  • The acquisition transpired as Saudi Arabian energy companies are restructuring their operations in response to a market that has lost some of its demand

SIIG, also known as Saudi Industrial Investment Group, has obtained the approval to buy all shares of Petrochem.

SIIG will now fully own Petrochem and as a result the latter will be suspended from trading on the Saudi Stock Exchange beginning Monday, according to a bourse filing.

As part of the buyout, SIIG will issue 304,800,000 ordinary shares with a nominal value of SR10 ($2.6) each.

The acquisition transpired as Saudi Arabian energy companies are restructuring their operations in response to a market that has lost some of its demand.

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