Union Properties sees net profit for Q2 2022 after healthy performance from subsidiaries

Developer Union Properties has announced its consolidated financial results for the three-month period ended 30 June 2022, with the company seeing a...

Construction

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...