Najran Cement Company sees fall in profits for Q2 2022

The Najran Cement Company has said that its gross profit has dropped by 34% year-on-year, while its operating profit fell by 52.3%...

Construction

KSA’s Arriyadh Development Company sees 60% decrease in net profits for Q2 2022

Saudi Arabia’s Arriyadh Development Company said that it has achieved a net profit of $15.28mn during the second quarter of 2022, a...

Construction

SPCC begins construction of new 5,000 tonne per day cement plant

The development of a new 5,000 tonne per day cement plant in the Jazan region of Saudi Arabia is underway according to...

Consultant

Tenable FEC to open office in Saudi following a significant increase in contracts won

Tenable Fire Engineering Consultancy (FEC) has secured over $1.73mn in projects in the first quarter of 2022. The fire and life safety...

Infrastructure

Tabreed reports net profit of $24mn for Q1, 2022

The National Central Cooling Company (Tabreed) has reported a net profit of US $24mn for the first quarter, up 3.1% over the...

Construction

Nakheel announces $326.7mn net profits for H1 2013

Nakheel, the Dubai real estate developer, has announced a net profit of $326.7 million for the first half of 2013, a 57%...

Construction

Al Jaber Group agrees terms on $4.5bn debt restructuring

[caption id="attachment_14453" align="aligncenter" width="240"] Mr Obeid Al Jaber, Chairman, Al Jaber Group.[/caption] RELATED ARTICLES: Gulf banks to maintain high debt issuance | Brave...

Construction

Shareholders approve Aldar – Sorouh merger

[caption id="attachment_14437" align="aligncenter" width="451"] Aldar and Sorouh shareholders have approved the merger of Abu Dhabi's largest real estate developers.[/caption] RELATED ARTICLES: Aldar...

Construction

Arabtec Holding MD denies increase of Aabar stake

[caption id="attachment_14365" align="aligncenter" width="475"] Aabar Investments has no plans of increasing its 21% stake in Arabtec Holdings, the MD of the construction...