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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Anaam to raise US$42m

Major poultry producers urge farmers to adopt e-marketing technologies. (AFP)
By TRENDS Desk
October 4, 2022 2:43 pm
  • According to a bourse filing, the capital increase is aimed at boosting the working capital, lowering the loan rates, and supporting the business growth of the company
  • The capital hike is subject to the approval of the relevant official authorities and the company’s shareholders

Riyadh, Saudi Arabia— The board of Anaam International Holding Group, Saudi poultry processing firm, has recommended an increase in capital of $42 million through a rights issue, resulting in a rise in its share price.

Anaam International’s share price climbed 3.53 percent to reach SR24.66, at 10:06 a.m. Saudi time.

According to a bourse filing, the capital increase is aimed at boosting the working capital, lowering the loan rates, and supporting the business growth of the company.

The capital hike is subject to the approval of the relevant official authorities and the company’s shareholders.

Wasatah Capital was appointed to act as the financial advisor to the offering.

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