Search Site

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Saudi non-oil exports increase by 19 percent in July: GASTAT

Saudi non-oil exports increase by 19 percent in July.
  • The value of merchandise exports increased during July 2024, reaching SAR94.5 billion, compared to SAR92.6 billion during July 2023, an increase of SAR1.9 billion, or 2.1 percent.
  • The value of oil exports during July 2024 amounted to SAR69.1 billion, compared to SAR71.3 billion during July 2023, a decrease of SAR2.2 billion, or 3.1 percent.

Riyadh, Saudi Arabia — Saudi Arabia’s non-oil exports, including re-exports, during July 2024 amounted to SAR25.4 billion ($6.76 billion), compared to SAR21.3 billion during July 2023, an increase of SAR4.1 billion, or 19.2 percent, according to the kingdom’s General Authority for Statistics (GASTAT).

The value of merchandise exports increased during July 2024, reaching SAR94.5 billion, compared to SAR92.6 billion during July 2023, an increase of SAR1.9 billion, or 2.1 percent.


The value of oil exports during July 2024 amounted to SAR69.1 billion, compared to SAR71.3 billion during July 2023, a decrease of SAR2.2 billion, or 3.1 percent.

The value of the Kingdom’s merchandise imports during July 2024 amounted to SAR75.2 billion, compared to SAR66.8 billion during July 2023, a decrease of SAR8.4 billion, or 12.6 percent.