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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Saudi SME Bank inks pact with SIDBI of India

The Small and Medium Enterprises Bank (SMEB) of Saudi Arabia signs an agreement with the Small Industries Development Bank of India (SIDBI).
By TRENDS Desk
September 12, 2023 10:42 am
  • The agreement encompasses various components, including the design and formulation of engineering strategy data
  • It involves the transfer of knowledge pertaining to credit practices, with a particular emphasis on supporting small and medium-sized enterprises

New Delhi, India – The Small and Medium Enterprises Bank (SMEB) of Saudi Arabia has signed an agreement with the Small Industries Development Bank of India (SIDBI). 

SMEB acting CEO Abdulrahman bin Mohammed bin Mansour and SIDBI Deputy Managing Director Sudatta Mandal attended the signing ceremony in the Indian capital, New Delhi, on the sidelines of the ongoing Saudi-Indian Investment Forum.

The agreement encompasses various components, including the design and formulation of engineering strategy data in accordance with industry best practices. Additionally, it involves the transfer of knowledge pertaining to credit practices, with a particular emphasis on supporting small and medium-sized enterprises and financial institutions. 

The agreement also aims to enhance awareness and promote employee development through a dedicated training program. 

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