Company News

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Business

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

Business

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.
  • The bond was issued in two equal tranches of US$500 million, with tenors of 5 and 10 years and coupons of 4.875% and 5.375%.
  • The bond attracted significant oversubscription with a peak orderbook of US$6.6 billion.
Business

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.
  • This is in addition to a decrease in by-products crack margins, despite an increase in base oil crack margins.
  • Total shareholders’ equity, no minority interest, stood at SAR 4.07 billion as of March 31, 2025.
Business

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024
  • Losses were driven by a SAR 1.05 billion drop in gross profit on higher feedstock prices.
  • On a sequential basis, net loss shrank from SAR 1.89 billion in Q4 2024.
Business

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.
  • EBITDA grew 5 percent year-on-year to AED 1.1 billion and net profit grew 3 percent year-on-year to AED505 million in Q1-2025.
  • haista Asif, Group Chief Executive Officer at PureHealth, commented, “PureHealth’s first quarter results reflect the solid growth witnessed across all core segments."
Business

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.
  • Q1 2025 operational performance remained strong, with production volumes rising 7 percent year-on-year in the first quarter of 2025.
  • Revenue in Q1 2025 grew 9 percent year-on-year to $1.42 billion, driven by higher average selling prices and increased sales volumes.
Business

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.
  • In 2024, group's chairman Sheikh Ahmed bin Saeed Al Maktoum urged Boeing to "fix" its problems, warning the embattled aircraft-maker he was unhappy with delays to the 777X.
  • Boeing had been mired in problems including safety concerns after two 737 MAX crashes within five months and another scare involving the aircraft over Alaska in Jan 2024.
Business

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.
  • Sinopec and its unit shall contribute $990 million and $1.98 billion in cash, respectively.
  • AAS will allocate the remaining amount, representing 25 percent of the JV’s registered capital.
Business

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.
  • The airline highlighted the aircraft's enhanced guest experience, including a first-class offering typically found on larger planes.
  • The aircraft features new First Suites with sliding doors and lie-flat beds, 14 lie-flat business-class seats with direct aisle access, and upgraded economy seating.
Business

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.
  • The group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.
  • Gross profit rose by 5.01 percent to SAR 9.098 million, operating profit increased by 2.02 percent to SAR 3.584 billion, and EBITDA grew by 5.25 percent to SAR 6.120 billion. 
Business

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.
  • The profit growth was driven by a 4.7% year-on-year (YoY) hike in the first-quarter net special commission income, mainly due to higher returns from financing and investment
  • Its clients' deposits were valued at SAR 101.66 billion, which is 14.96 percent higher than SAR 88.43 billion a year ago.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.
Business

Company News

Ozempic maker lowers outlook

Kimberly-Clark to buy Kenvue

BYD Q3 profit down 33%

Alphabet posts first $100 bn quarter

Nvidia to take stake in Nokia

Latest News

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.
Business

Air Arabia shareholders approve 30% dividend

The company reported a record 45% increase in profit
Business

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.
Business

Most Read

Business

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.
  • The company also reported free cash flow of approximately $23.6 billion in the quarter.
  • The company is expanding gas production capacity and investing in new projects including the Jafurah gas development project.
Business

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.
  • The telecom group also reported continued growth in its subscriber base and digital service offerings across its operating markets.
  • During the third quarter of 2025, the company reported consolidated revenue of AED53.5 billion for the first nine months of the year.
Business

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.
  • The bank said net profit increased 26 percent year-on-year to SAR24.79 billion ($6.6 billion) in 2025.
  • Profit for the fourth quarter alone reached SAR6.37 billion.