Damac Properties, a leading property developer in the Middle East, said it has registered a net profit of Dh3.69 billion ($1.04 billion) for the financial year 2016, achieving net margins of 52 per cent.
Announcing the results, Da
Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a eight per cent jump in its net profit for the financial year ended December 31, 2016 which soared to Dh2.8 billion ($762 million) from Dh2.6 billion ($707
United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, has reported a net profit of QR681 million ($187 million) for 2016.
Announcing the 2016 results, UDC said the net pro
First Gulf Bank(FGB) registered a record profit of Dh6.03 billion ($1.64 billion) for the full year 2016, compared to Dh6.01 billion in 2015, marking its 17th consecutive year of consistent growth in profitability.
Full year 2016
Gulf Warehousing Company (GWC), a leading logistics provider in Qatar, has reported net profits of QR205.7 million ($56.4 million) in 2016, representing an increase of 11 per cent in comparison with QR185.2 million ($50.8 million) in 2015.
Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD16.57 million ($54.15 million) for the nine months ended December 31, 2016, representing an increase of 46 per cent over previous year figures.
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
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.
QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, has posted a net profit reached QR12.4 billion ($3.4billion) for 2016, up by 10 per cent from last year.
Total assets reachedQR720 billion ($
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.