Wednesday 17 August 2022
 
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Saudi PIF agrees $298m investment in Omani PE fund

Oman’s Rakiza, a private equity infrastructure fund investing in the Sultanate and Saudi Arabia, and is co-managed by Oman Infrastructure Investment Management (OIM) and Equitix company, said that it has received a capital commitment of RO115 million ($298 million) from the Saudi Public I

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Dubai real estate deals hit $230m on Tuesday

Dubai real estate market recorded 396 sales transactions worth AED845.37 million ($230.15 million), in addition to 110 mortgage deals of AED376.93 million, and 11 gift deals amounting to AED96.55 million on Tuesday, data released by Dubai's Land Department (DLD) showed.  

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Najran profit drops 34pc as revenue remains under pressure

Saudi-based Najran Cement Company’s gross profit dropped by 34% y-o-y, while operating profit plunged 52.3% y-o-y on lower revenue and the resultant fall in operating leverage in the second quarter of 2022.    Gross margins fell to 28.5% for Q2 2022,

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