RIYADH: Leading energy firm ACWA Power Co. posted a 17 percent profit drop in its first annual results following its initial public offering on the Saudi exchange last year. The profits of the Public Investment Fund-owned company dropped to SR744 million ($198 million) in 2021, compared to SR902 million a year earlier, according to a bourse filing. Costs associated with
Jabal Omar Development sells prime Makkah plot for $138m tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
NCB, Samba complete historic merger; set up new entity SNB
MANAMA, 3 days ago Leading Saudi banks - National Commercial Bank (NCB) and Samba Financial Group (Samba) - has announced the formal completion of their historic merger to create a new regional financial powerhouse - Saudi National Bank. The banking group began trading as a single listed entity under the new combined entity name, Saudi National Bank (SNB), on the Saudi bourse Tadawul from today (April 1). With over SR896 billion ($239 billion) in total assets, SR127 billion ($34 billion) in shareholders’ equity, and a combined net profit of SR15.6 billion ($4.2 billion), Saudi National Bank is the largest bank in Saudi Arabia with 30% market share across all metrics.
Dar Al Arkan s 2020 profit down 94% on poor property sales zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.