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 […]
Saudi Kayan signs murabaha facility worth $800mln
Saudi Kayan Petrochemical Co. has signed murabaha revolving credit facility agreement for 3 billion riyals ($800 million) with Saudi National Bank. The five-year facility will utilised to meet the working capital requirements, the maker of specialty chemicals and polymers said on Tuesday in a regulatory filing on Tadawul where its shares trade. […]
Zamil swings to $21mln losses in 9M-22 initial results
Zamil Industrial Investment Company shifted to net losses after Zakat and tax worth SAR 78.47 million in the first nine months (9M) of 2022, against net profits of SAR 13.11 million in 9M-21. The firm reported an annual growth of 9.21% in revenue to SAR 2.86 billion during the January-September 2022 period, compared […]
Saudi: Almunajem Foods’ profits jump to nearly $73mln in 9M-22
Almunajem Foods Company registered net profits after Zakat and tax worth SAR 273.30 million in the first nine months (9M) of 2022, an annual hike of 127.56% from SAR 120.10 million. Revenues enlarged by 17.56% to SAR 2.23 billion during January-September 2022, compared to SAR 1.89 billion in the year-ago period, according to […]