Makeen, Rolls-Royce forge partnership
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Microsoft says Israeli firm sold tool to Arab countries to hack Windows
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Griffith Foods and IFFCO joint venture debuts in Middle East
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Tadawul in deal with SIX Group
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Emaar marks sukuk listing with bell
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Virgin Galactic falls back to Earth
Virgin Galactic has filed documents to sell as much as $500 million in shares.
Saudi food giant Savola acquires UAE’s Bayara
Saudi Arabia’s Savola Group has signed a deal to acquire UAE’s Bayara Holding for $260 million.
Makeen, Rolls-Royce forge partnership
They will manufacture, test, sell and service mtu engines in Saudi.
Business
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Presight to list on 27 Mar
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Jarir Marketing H1 net profit down 4.4%
The company's sales increased by 19.92 percent.
- The gross profit fell by 1.8% due to discounts to promote sales, and due to the change in the sales mix towards the relatively less profitable sections.
- The fall in net profit for H1 was also attributed to an increase in selling and marketing expenses to promote sales.
Business
Almarai to offer trust certificates
The issuance will be made under a $200m program.
- The company has mandated Citigroup, Dubai Islamic Bank, HSBC, J.P. Morgan and Standard Chartered Bank as joint lead managers.
- The issuance value will be determined later based on market conditions at that time, Almarai said.
Business
Almarai profit rises 27% in H1
The higher earnings were driven by an increase in revenue.
- The first-half results were also lifted by Almarai’s full acquisition of International Dairy and Juice Limited (IDJ) despite higher finance costs. Â
- The company’s Q2 2023 net profit rose 7 percent to SAR557.1 million, compared to SAR520.36 million in the year-earlier period.