INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Gas Arabian Services profit dips 18%

A raft of EU nations are pushing for sanctions on Russia's energy sector. File pic
  • The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing
  • Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends

Gas Arabian Services Co. has posted an eighteen percent decline in net profit to $16 million for 2021 due to higher revenue costs.

The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing.

Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends.