Wednesday 17 August 2022

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


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.  


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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