Saudi National Bank not concerned about Credit Suisse’s governance
Saudi National Bank (SNB) said on Friday it had not come across any information that might raise concerns over the governance of Credit Suisse and was supportive of the transformation plan announced by the bank on Oct. 27. The comments came in response to concern from two other investors over the Swiss bank’s […]
Saudi Arabia’s Ma’aden to export blue ammonia
Saudi Arabian Mining Company (Ma’aden), the largest multi-commodity mining and metals company in the Middle East, will export blue ammonia as it looks to support the global energy transition. The announcement was made by HRH Prince Abdulaziz Bin Salman, Saudi Arabia’s Minister of Energy, at the Saudi Green Initiative Forum, taking place on the sidelines […]
Energy minister: World can’t bear two weeks without Saudi oil
Energy Minister Prince Abdulaziz Bin Salman said that the world cannot bear two or three weeks without Saudi oil exports. Addressing the 2nd edition of the Global Cybersecurity Forum on Wednesday, he stressed that the energy sector is the most affected by cyber attacks, and these attacks are considered a weapon without an army or […]
Saudi Aramco to ship full oil contract volumes to Asia in Dec
Saudi Aramco has told at least four refinery customers in North Asia they will receive full contract volumes of crude oil in December, several sources with knowledge of the matter said on Thursday. The producer is maintaining a steady supply to Asia despite the decision by the Organization of the Petroleum Exporting Countries (OPEC) and […]
Kingdom Holding’s profits hike to $1.78bln in 9M-22 interim financials
The net profits after Zakat and tax of Kingdom Holding Company amounted to SAR 6.70 billion in the first nine months (9M) of 2022, an annual surge of 996.02% from SAR 611.99 million. Revenues hiked by 99.96% year-on-year (YoY) to SAR 1.86 billion during the January-September 2022 period, compared to SAR 934.61 million, […]
Al Ramz records profits surpassing $7.6mln in 9M-22
The net profits of Al Ramz Corporation Investment and Development increased to AED 28.64 million in the first nine months (9M) of 2022, compared to AED 27.57 million in 9M-21. The basic and diluted earnings per share (EPS) stood at AED 0.052 in the January-September 2022 period, unchanged from 9M-22, according to […]
Takween shifts to nearly $12.26mln losses in 9M-22; accumulated losses unveiled
Takween Advanced Industries Company swung to net losses after Zakat and tax worth SAR 45.85 million in the first nine months (9M) of 2022, compared to profits valued at SAR 50.36 million in 9M-21. Revenues jumped by 28.39% year-on-year (YoY) to SAR 809.89 million in the January-September 2022 period, compared to SAR 630.81 […]
Al Arabia’s profits jump to $51.6mln in 9M-22 initial results
Arabian Contracting Services Company (Al Arabia) generated SAR 193.57 million net profit after Zakat and tax during the first nine months (9M) of 2022, higher by 42.70% than SAR 135.65 million in 9M-21. The revenues enlarged by 63.55% to SAR 808.75 million in the January-September 2022 period, compared to SAR 494.50 million in […]
BinDawood logs nearly $16mln profits in 9M-22, turns to losses in Q3
BinDawood Holding Company generated SAR 59.78 million in net profit after Zakat and tax during the first nine months (9M) of 2022, an annual drop of 73.70% from SAR 227.34 million. Revenues grew by 7.63% year-on-year (YoY) to SAR 3.57 billion in the January-September 2022 period, compared to SAR 3.32 billion, according to […]
Saudi Airlines Catering swings to $40mln profits in 9M-22 accumulated losses unveiled
Saudi Airlines Catering Company shifted to net profits after Zakat and tax worth SAR 150 million in the first nine months (9M) of 2022, versus net losses of SAR 32.10 million in 9M-21. The revenues amounted to SAR 1.31 billion in 9M-22, an annual jump of 54.94% from SAR 845.50 million, according to […]