The firm said its revenue grew 32 percent to 2.68 billion dirhams.

DEWA has no intention to sell more stock, after having raised $6.1 billion in a record initial public offering, the CEO of the Dubai Electricity and Water Authority, Saeed Al-Tayerm, told the media. It is also eyeing 7.4 billion dirhams ($2 billion) in 2023 profit, amid a prospective IPO of...

The bank said it continued to maintain a strong liquidity.

Nestle raised prices due to inflation, and signaled more hikes.

The bank said it was the highest quarterly profit since 2019.

Profits in the first quarter of 2022 reached $106.78 million.

Its net profit increased 26.26% from the same period last year.

Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt from the upcoming corporate tax regime, experts tell TRENDS.

Qatar Development Bank (QDB) announced the launch of a version of the "Al Dhameen" program for micro-enterprises, for the first time in the country. Al Dhameen program for micro-enterprises is characterized by a profit rate and distinct conditions. This contains guaranteeing 100 percent of the value of the financing, and...

Shareholders of Waha Capital have approved a cash dividend of 7.55 fils per share and a stock dividend of 2.45 percent. Waleed Al Mokarrab Al Muhairi, Chairman of Waha Capital, said Waha Capital continues to demonstrate strong financial and operating performance, which was reflected in the significant increase to our...

The telecoms giant Huawei posted a net profit of $17.8 billion in 2021.

The company's profit declined to $27.4 million in 2021.

The rise was due to crude prices, as the global economy recovered.

The growth attributed to increased market share in key operating regions.

The Saudi Electricity Co. has posted a 375 percent increase in net profit to $3.84 billion in 2021, according to a bourse filing.

The year 2022 marks the 50th anniversary of the company.

The total dividend paid for 2021 now stands at 8 fils.

Sadara Chemical Co., a joint venture between oil major Saudi Aramco and US Dow Chemical Co., has posted a net profit of SR3.1 billion in 2021, a bourse filing revealed.

The pharmacy chain operator collected $500 million from shares buyers.

Arabian International Healthcare Holding Co., also known as Tibbiyah, has posted a fourteen percent drop in net profit to $21 million in 2021.

The net profit of Gas Arabian Services Co. has decline to $16 million.

The group’s net profit stood at AED216 million in 2021.

The Emirati budget airline carried 5.6 million passengers last year.

The Saudi manufacturer’s revenue rose 77 percent year-on-year.

Yanbu Cement Co., one of Saudi Arabia's largest cement producers, has posted a forty three percent dip in net profit to $43 million in 2021.

It will distribute cash dividends of QAR0.01 per share.

Debt dropped to $47.62 billion in 2021 from $63.17 billion in 2020.

stc, Saudi Arabia's top telecom firm, has posted a three percent increase in net profit to $3 billion in 2021 on the back of improved sales.

The Jeddah-based pharma retailer plans to float 30 percent of its capital.

Total revenue nearly doubles to reach $99.5m in 2021.

Dr. Sulaiman Al Habib Group, a private health service provider in Saudi Arabia,  has posted a 30 percent increase in profit to SR1.37 billion ($367 million) in 2021, up from SR1.05 billion recorded in the previous year.

Arriyadh Development Co. posts a forty percent jump in net profit to $85 million for 2021.

The company nearly doubled its brokerage revenues in 2021.

Saudi Ceramics has posted a threefold jump in net profit to $62 million on the back of better profit margins.

Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and operating profit besides the highest ever company registrations. DIFC said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021. The Centre...

Its profit stood at AED720 million ($196.05 million) in 2021.

The consolidated revenue stood at AED53.34 billion ($14.52 billion).

The insurer reported a growth of 16 percent in underwriting income.

Big oil companies said their 2021 profits were $66.7 billion.

ADNOC Distribution has reported that its EBITDA stood at AED 3.1 billion, with net profit of AED2.2 billion for 2021.

The company posted an all-time-high annual revenue in 2021.

The gross profit in 2021 was AED5.1 billion in 2021, compared to AED 218 m in 2020.

The company posted a net profit of $58.81 million in 2021.

The company posted a net profit of $230m in 2021, from $108m in 2020.

The company aims to cut emissions by 50 percent by 2030.

The company achieved a net profit of QR 8.1 billion for 2021.

This is the company's highest profit since its inception.

Net profit stood at $20.1bn in 2021 after a loss of $21.7bn in 2020.

ExxonMobil reported a profitable fourth-quarter Tuesday to conclude a strong comeback year in 2021 on higher oil prices amid recovering energy demand.

Its total revenues reached AED294.6m in 2021, reduces expenses by 4 percent.