Saudi Telecom Company (stc) has delivered solid H1 results recording a 3.8% jump in its revenue for the six-month period hitting SAR40.11 billion ($10.7 billion), while gross profit increased 5.3% to SAR19.64 billion ($5.1 billion), driven by growth across its telecom and digital businesses.
Emirates Stallions Group (ESG), a leading UAE-based diversified conglomerate operating across construction and real estate sectors, and subsidiary of IHC, today reported an 8% year-on-year increase in revenue to AED766.69 million ($208.77 million) for the first half, while net profit rose 44% to AED166.30 million.
Modon Holding, a leading Abu Dhabi-based developer, has reported a 40% jump in its first-half revenue which soared to AED9.2 billion ($2.5 billion), while its net profit surged to hit AED2.2 billion ($598 million), mainly driven by higher real estate sales and revenue recognition from its development portfolio.
Leading Abu Dhabi developer Aldar has reported solid results for the first half with a 18% jump in its net profit to hit AED4.9 billion ($1.3 billion), driven by continued momentum in its development business and the growth of its regional and international operations.
Saudi Arabia's National Shipping Company (Bahri) has reported a more than six-fold increase in Q2 net profit which hit SAR2.75 billion ($733 million), while its revenue soared to SAR6.3 billion ($1.6 billion), helped by higher freight rates and stronger demand for its crude oil shipping business.
Zain Group, a leading TechCo providing innovative ICT and digital communications in eight markets across the Middle East and Africa, has reported a 1.4% rise in second-quarter net profit attributable to shareholders, as higher ebitda offset a decline in revenue amid regional geopolitical challenges.
Dubai Islamic Bank (DIB) has reported a 10% increase in its gross revenue for the first six months of the year which soared to AED12.4 billion ($3.38 billion), backed by growth in financing and fee-based income, while stronger asset quality and capital levels helped underpin profitability.
Emirates is developing a new travel insurance product that would guarantee passengers can return home even if flights are disrupted by conflict-related events, including by arranging seats on rival airlines when necessary, the airline's President has said.
Jordan-based Arab Bank Group has reported solid results for the first quarter of 2026, with 2% increase in net income after tax reaching $275.8 million when compared to $271 million for the same period last year. Compared to the same period last year, the Group’s assets grew by 9% to reach $79 billion.
National Bank of Bahrain (NBB) has reported a net profit attributable to shareholders of BHD20.6 million ($54.6 million) for the first quarter ended March 31, 2026, representing a 27% decrease from BHD28.1 million ($74.5 million) reported in the first quarter of 2025 or a 2% increase from the normalised 2025 profit of BHD20.2 million ($53.6 million).
