Saudi insurance sector adopts International Financial Reporting Standard
The features of the new Standard include standardization of the accounting measurement models for insurance and reinsurance companies around the world.
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IFRS 9
BYD 2025 revenue surges
The EV manufacturer reported net profit of $.3.3bn for 9M 2025.
Aramco net income $28bn
Capital investment during Q3 2025 $12.9bn on investments in energy projects.
e& revenue up 23%
Consolidated net profit reached $2.94 billion during 2025.
Al Rajhi profit up 26%
Operating income for 2025 increased 22% to SAR 39 bn.
Emirates NBD 2025 profit $8.5bn
Total income rises by 12 percent, operating profit up 13%.
