Monday 23 January 2017
 
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Net Profit

SABB 2016 net profit plunges 10pc to $1.03bn

The Saudi British Bank (SABB) has reported a 10 per cent drop in its net profit for the year ended December 31, which fell to SR3.9 billion from SR4.33 billion last year. The Saudi bank said its net profit for the fourth quarter t

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Zain Saudi Q4 net profit surges 7pc to $303m

Zain Saudi Arabia, a leading telecommunications provider in the kingdom, has registered a gross profit of SR1.14 billion ($303 million) in the fourth quarter, up 7 per cent over SR1.06 billion ($282 million) for the same period in 2015.

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QNB Group net profit hits $3.4 billion in 2016

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, has posted a net profit reached QR12.4 billion ($3.4billion) for 2016, up by 10 per cent from last year. Total assets reachedQR720 billion ($

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Julphar reports revenue of $290m

UAE-based Julphar Gulf Pharmaceutical Industries, a leading generic pharmaceutical manufacturer in Middle East and North Africa (Mena) region, has reported sales revenue of Dh1.066 billion ($290.2 million) in the first nine months of this year.

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Sadafco reports $12.5m net profit

Saudia Dairy and Foodstuff Company (Sadafco) has reported a SR47 million ($12.5 million) increase in net profit during the six-month period ending on September 30, an increase by 41.8 per cent compared to the same period last year.

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Agthia net profit jumps 12pc to $54m

Abu Dhabi-based Agthia Group, a leading food and beverage company, has reported a net profit of Dh200 million ($54 million) for the first nine months of 2016, an increase of 12 per cent in comparison to the same period in 2015. Th

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Aramex reports $19.66m net profit for Q3

Aramex, a leading global provider of logistics and transportation solutions, has reported a net profit of Dh72.2 million ($19.66 million) in the three months to September 30, down 3 per cent from Dh74.6 million ($20.31 million) in the same perio

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Arab Bank Group posts $618m net profit

  Arab Bank Group reported net profit after tax and provisions of $617.9 million for the third quarter ending September, compared with $615.1 million in the same period last year, reported the Gulf Daily News, our si

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QPIC achieves net profit of $34.7m

Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD10.49 million ($34.74 million) for the first half of the financial year 2016/2017. The results represent an increase of 59 per cent compar

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QPIC achieves net profit of $34.7m

Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD10.49 million ($34.74 million) for the first half of the financial year 2016/2017. The results represent an increase of 59 per cent compar

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