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ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

SPARK, Hutchinson Ports ink pact

SPARK Logistics Company is the exclusive operator of the modern logistics facility that costs $400 million. (SPA)
  • SPARK is the world's largest energy hub, spanning 50 square kilometers in the Eastern Province of Saudi Arabia.
  • Under the agreement, SPARK Logistics Company has been granted concession rights to provide logistics services.

DAMMAM, SAUDI ARABIA –    King Salman Energy Park (SPARK) and Hutchinson Ports have signed a concession agreement for the management and operation of the dry port and logistics zone in SPARK.

SPARK is the world’s largest energy hub, spanning 50 square kilometers in the Eastern Province of Saudi Arabia and hosting energy production plants.

Under the agreement, SPARK Logistics Company has been granted concession rights to provide logistics services and solutions related to various goods.

SPARK Logistics Company will also meet the needs of investors in the city through container handling, cargo management, providing storage yards and warehouses, and customs procedures.

SPARK Logistics Company is the exclusive operator of the modern logistics facility that costs $400 million.