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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.

Yanbu NPC loss $129m

The company had posted a net profit of #110m in 2022.
  • Against the revenue/sales of SAR 7.02 billion in 2022, the company posted revenue/sales of SAR 4.53 billion in 2023, down 35 percent.
  • In a Tadawul disclosure, the company attributed the loss to lower average sales prices for all products compared to the previous period.

Dubai, UAE — Yanbu National Petrochemical Company has posted a loss of SAR486 million ($129 million) for 2023, compared to net profit of SAR 414 million in 2022.

In a Tadawul disclosure, the company attributed the loss to lower average sales prices for all products compared to the previous period, in addition lower production and sales despite lowering of some production input costs.

The fall in production and sales was attributed to the scheduled turnaround of the company’s complex for preventive maintenance during first quarter and the temporary shutdown of company plants during the third quarter to for emergency repairs.

Against the revenue/sales of SAR 7.02 billion in 2022, the company posted revenue/sales of SAR 4.53 billion in 2023, down 35 percent, due to lower average sales prices and volume, and production.