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Billion-dollar IPOs by DEWA, Nahdi lift Gulf markets despite global slowdown

RIYADH: Initial public offering activity in the Gulf is booming, with record offerings this year on the back of surging oil revenues and high investor appetite. Geopolitical unrest and rising inflation may have weighed on markets globally, but the Gulf continues to buck the trend with strong investor demand and double-digit returns on most IPOs. Despite missing out on last ....

Saudi Arabia , United Arab Emirates , Ar Riya , Abu Dhabi , Abuz Aby , Drilling Co , Lg Energy Solution , Abu Dhabi Securities Exchange , Nahdi Medical Co , Water Authority , Power Co , Nahdi Medical , Abu Dhabi Ports , Al Ahsa , Al Kharj , Khalij Times , Gulf News , Saudi Gazette , King Abdullah , Obs In Saudi , Work In Saudi Arabia , Hajj عرب نيوز ,

Abu Dhabi's ADNOC Drilling Co. net profit up 6.1% in 2021

RIYADH: Abu Dhabi's ADNOC Drilling Co. saw a 6.1 percent rise in net profit for last year, with revenues boosted by its onshore and oilfield services businesses, according to a statement. Net profit for 2021 was $603.9 million, up from $569 million in the year-earlier period. Full year earnings before interest, taxes, depreciation, and amortization was $1.047 billion, with a ....

Ar Riya , Saudi Arabia , Abu Dhabi , Drilling Co , Al Ahsa , Al Kharj , Khalij Times , Gulf News , Saudi Gazette , King Abdullah , Obs In Saudi , Work In Saudi Arabia , Hajj عرب نيوز ,