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Business, Uncategorized

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

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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