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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Saudi Arabia’s PIF to acquire stake in Binladin Group: Report

  • The PIF is considering acquiring part or all the 36 percent stake owned by the ministry of finance.
  • The fund is working with Morgan Stanley on the potential deal to buy into SBG, Argaam reported, citing reports. 

Riyadh, Saudi Arabia — The Public Investment Fund (PIF) intends to acquire a stake in Saudi Binladin Group (SBG), Bloomberg reported, citing sources with knowledge of the matter. 

The fund is working with Morgan Stanley on the potential deal to buy into SBG, Argaam reported, citing reports. 

The PIF is considering acquiring part or all the 36 percent stake owned by the ministry of finance, the sources said, asking not to be identified as the discussions are private. 

SBG would contribute to implementing the Kingdom’s plans to host events such as Expo 2030 and 2034 FIFA World Cup. These major events will require huge investments in infrastructure and the contribution of some companies like SBG. SBG, one of the giant contracting companies, expanded its business to include roads, various facilities, and vital projects across the Kingdom.

Among its most prominent projects was the expansion of the Grand Mosque in Makkah. It has several branches around the world, according to data available with Argaam.