Saudi Arabia's Al Tayyar Travel Group posted a 6.8 per cent increase in third-quarter net profit on Thursday, citing higher sales and revenues from airlines incentives.
The firm made a net profit of SR214.9 million ($57 millio
The companies in the Middle East region raised a total of $1.29 billion through five initial public offerings (IPOs) in the second quarter of 2012, up 344 per cent when compared to the same period last year, said a report.
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Saudi Arabia’s Al Tayyar Travel Group has taken a 30 per cent stake in Alshamel International, a leading regional travel company.
This new share holding agreement will give both parties opportunities to strengthen their presence in t