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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

EIC to pay $22m dividend

The company will pay 15 percent cash dividend.
By TRENDS Desk
March 12, 2024 6:09 pm
  • The company had reported a 113 percent increase in net profit to SAR 201 million in 2023, compared to 94 million a year ago.
  • The increase in net profit was attributed to an increase in sales from SR 1.066 billion to SR 1.559 billion

Riyadh, Saudi Arabia — Electrical Industries Company (EIC) has announced it will pay a 15 percent cash dividend, or 0.075 per share, for the second half of 2023.

In a Tadawul filing, EIC said a total of SAR84.37 million ($22 million) will be paid to the shareholders on 24 April 2024.

The company had reported a 113 percent increase in net profit to SAR 201 million in 2023, compared to 94 million a year ago.

The increase in net profit was attributed to an increase in sales from SR 1.066 billion to SR 1.559 billion. In addition to the diversification of the sold products which include products with higher profitability and better gross margins.

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