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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Bupa Arabia H1 2023 net profit $149m

Total shareholders’ equity, with no minority interests, increased to SAR 4.52 billion as of Sept. 30, 2023.
  • The corresponding figure in the same period last year - H1 2022- was US$79.8 million.
  • The company reported a jump of US$74.9 million YoY in insurance services results.

RIYADH, SAUDI ARABIA – Bupa Arabia for Cooperative Insurance posted H1 2023 net profit of US$149 million (SAR 560 million). The corresponding figure in the same period last year was US$79.8 million (SAR 299.4 million).

The company reported a jump of US$74.9 million (SAR 281.21 million) year-on-year (YoY) in insurance services results compared to H1 2022.   

The rise was driven by a 25.36 percent YoY jump in insurance revenue and a 35.07 percent YoY drop in net expenses from reinsurance contracts held.

This was partially offset by an increase in insurance of 21.89 percent YoY in services expenses.

Net investment income leapt 18.69 percent YoY.

Other revenue, net of other costs, grew by US$8 million (SAR 30.09 million) YoY in the six-month period. Gross written premiums (GWPs) increased by 28.60 percent YoY.