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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

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.

Retal’s stock rises 2.4%

Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh. (Facebook)
By TRENDS Desk
October 12, 2022 1:47 pm
  • Retal said in a bourse filing that the project is expected to positively affect the company’s results after the sale begins and the project is completed
  • Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh

Riyadh, Saudi Arabia— Retal Urban Development Co.’s shares climbed up 2.4 percent on the back of news that it has signed a sub-development agreement with National Housing Co. to develop 550 housing units in Riyadh for $161 million.

The Saudi developer’s shares rose 2.04 percent to end Tuesday’s trading session at SR140.

Retal said in a bourse filing that the the project is expected to positively affect the company’s results after the sale begins and the project is completed.

Details of the financial impact and progress of the project will be announced in the near future, it added.

Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh worth an estimated SR864 million.

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