INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

SAR passenger numbers rise

The cargo transported by the railway company’s freight trains also recorded a 24 percent increase.
  • The company said that the freight service also contributed to the removal of more than 871,000 trucks from the roads
  • Saudi Railways CEO said results are reflective of the high-quality service and emergence of Saudi railways as a reliable transportation option

More than 2.3 million passengers used Saudi Railways during the first half of 2022, a 121-percent increase as compared to the same period last year.

The cargo transported by the railway company’s freight trains also recorded a 24 percent increase as compared to the first half of the previous year to reach more than 6.7 million tons, the company said in a statement on Tuesday.

The freight service also contributed to the removal of more than 871,000 trucks from the roads.

Bashar Al-Malik, the CEO of the company, said the first half results are reflective of the high-quality service and emergence of Saudi railways as a reliable transportation option.