Infracorp logs $29.8m profit
Business
ADX lists FAB Green Sakuk
Business
Naufar partners with MEEZAÂ
Business
Business
Qatar Oman Investment Co’s profit drops
Earnings per share declined to QR 0.006 in 2022.
- Earnings per share (EPS) declined to QR 0.006 in 2022, compared to an EPS of QR 0.016 in the previous year
- Qatar Oman Investment company was established in 2006, with a capital of $86 million
Business
Centrica 2022 profit US$4bn Â
Firm's profit rose due to gas and crude oil prices spike.
- Britain's government of Prime Minister Rishi Sunak is temporarily subsidizing electricity and gas bills this winter.
- Centrica expanded its stock buyback scheme to hand another $360 million to shareholders.
Renault boosts profitability
The company's sales rose by 11.4% to $49.7 billion
- The company expanded its operating profit margin to 5.6 percent of sales in 2022 and aims to increase it to at least 6.0 percent this year
- It also decided to propose a dividend of 0.25 euros per share, the first time it will pay out to shareholders since 2019
Business
Airbus earns record net profit
The company delivered 661 aircraft last year.
- Net profit rose one percent to 4.2 billion euros ($4.5 billion) as Airbus delivered 661 aircraft last year despite original plans to hand over 720 to clients
- Airbus had chopped production during the pandemic when airlines were forced to halt most operations due to travel restrictions
Business
NBQ 2022 net profit $99m
Umm al Qaiwain, UAE-- National Bank of Umm Al Qaiwain (NBQ) has reported a net profit of AED364.52 million ($99...
- Total assets were at AED 13.605 billion, up 3.5 percent compared to December 2021, with a deposits-to-advances ratio of 126 percent.
- The bank has maintained high liquidity with a stable resources-to-advances ratio of 159.21 percent as of 31 Dec 2022.
ADNIC 2022Â profit is $103mn
The company's underwriting income was $133 million.
- The company’s gross written premiums increased by 20.1 percent to $1.39 billion compared to $1.16 billion in 2021
- Its net underwriting income was $133 million, compared to $134 million in the previous year in the previous year
Business
Nakilat 2022 profit surges 6.3%
The earnings per share amounted to QR 0.26.
- The earnings per share (EPS) amounted to QR 0.26 as of Dec. 31, 2022 compared to EPS of QR 0.24 for the same period in 2021
- The Board of Directors have proposed a cash dividend of 13 percent of the nominal share value - 0.13 Qatari Riyal per share
Business
Air Arabia 2022 net profit $326m
FY'22 turnover rose to $1.4 billion, up 65 percent YoY.
- The average seat load factor – or passengers carried as a percentage of available seats – for the full year stood at a high 80 percent.
- Air Arabia’s Board of Directors proposed a dividend distribution of 15 percent of share capital, which is equivalent to 15 fils per share.
Business
Emirates Steel Arkan 2022 profit $138.44m
Revenue in fourth quarter of 2022 was $630m.
- The Group’s net profit for the full year 2022 was AED508.5 million compared to a pro-forma loss of AED636.7 million in financial year (FY) 2021.
- The Group’s 4Q22 EBITDA was AED300 million, showing a continuing growth on the AED269 million achieved in the third quarter (3Q) of 2022.
Business
DIB raises $1bn from sukuk
It had raised $750m through the sale of its debut sukuk in Nov 2022.
- The sukuk was oversubscribed three times, largest issuance by a Middle East financial institution in the international capital markets since June 2021.
- It is also the largest-ever sustainable issuance by a Middle East Financial Institution.
Company News
Ooredoo, QNBN sign agreement
Business
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Beltone 9M net profit at $2.7m
Business
Infracorp logs $29.8m profit
Business
ADX lists FAB Green Sakuk
Business
Infosys lowers revenue forecasts
Its net profit fell 7.29% Y-o-Y in the three months to December.
Business
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Business
GSK to buy Aiolos Bio
The focus is on an asthma medication still at the testing stage.
- The acquisition hands GSK access to AIO-001, a long-acting antibody which is ready to enter Phase II clinical development for the treatment of adults with asthma
- AIO-001 was exclusively licensed to Aiolos outside of China by Jiangsu Hengrui Pharmaceuticals, which initially developed the asthma treatment
Business
EVA Air orders 33 Airbus planes
The deal could be worth as much as $8.5 billion.
- The 33 planes ordered include 18 long-range A350-1000 planes and 15 single-aisle A321neo models
- The wide-bodied A350-1000 type can seat up to 410 passengers and travel up to 18,000 kilometers non-stop
Business
Mubadala lists dollar, dirham bonds
This is Mubadala's seventh listing of a green debt instrument on ADX.
- The listings on ADX included Mubadala’s highly oversubscribed debut Green Bond and Mubadala’s inaugural dirham-denominated bond.
- The listing of Mubadala’s green bond marks the seventh listing of a green debt instrument on ADX.