INSEAD Day 4 - 728x90

Business, Company News, Economy

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Maaden posts net loss in Q3

Maaden's net profit fell 83 percent in 2023.
By TRENDS Desk
November 1, 2023 1:11 am
  • Maaden posted a net profit of US560 million (SAR 2.1 billion) in Q3 2022.
  • Maaden posted net earnings of $183 million for the first nine months of 2023.

RIYADH, SAUDI ARABIA – Saudi Arabian Mining Co. (Maaden) posted a net loss of US$22.2 million in Q3 2023.

Maaden posted a net profit of US560 million (SAR 2.1 billion) in Q3 2022.  

Maaden posted net earnings of US$183 million (SAR 686.9 million) for the first nine months of 2023, down 92 percent compared with US$2.2 billion (SAR 8.3 billion) in the corresponding period last year.

Sales revenue was US$1.6 billion (SAR 6.22 billion) in Q3 versus US$2.6 billion (SAR 10 billion) in the prior period, the miner said in a regulatory disclosure on Riyadh’s Tadawul exchange on Tuesday.

Most Read

Environment Agency – Abu Dhabi issues marine water quality policy

ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

Energy, commodity prices hurt profits of GCC firms

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

3 ways travel drives economic growth while enhancing global connections and sustainability

WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights.…

The future of wellness hospitality: From short escapes to lifelong longevity

In recent years, wellness travel has evolved from a niche pursuit to one of the most dynamic sectors in global tourism. What began as an occasional escape from stress has…

INSEAD Day 4- 300x600
INSEAD Day 4- 300x600