Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Sulaiman Group’s profit soars

A front view of Dr. Sulaiman AL-Habib Hospital in AL Qassim. (Omnia Health)
By TRENDS Desk
August 7, 2022 2:37 pm
  • The company's revenue posted 16 percent jump to $1.06 billion for the six months period ended 30th June 2022
  • The hospital operator's board recommended distributing $80 million in dividends at SR0.86 per share during the second quarter of 2022

Dr. Sulaiman Al Habib Group has recorded a 22 percent increase in profit to $210 million for the first half of 2022, fueled by higher revenue.

The company’s revenue increased 16 percent, reaching $1.06 billion for the six months period ended 30th June 2022, compared to $906 million in the corresponding period of the previous year, driven by growth in the hospital segment.

Following the announcement, its board recommended distributing $80 million in dividends at SR0.86 per share during the second quarter of 2022.

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]