Depa, one of the world’s leading interior contracting companies, has registered a net profit of Dh46 million ($12.5 million) for the nine months compared to Dh11 million ($3 million) for the same period last year.
Qatar-based Barwa Bank has registered a 43 per cent jump in its net profit for the third quarter which hit QR641 million ($176 million) compared to QR447 million ($123 million) for the same period last year.
Bahrain Mumtalakat Holding Company has successfully priced a $600 million seven-year sukuk with a four per cent profit rate.
Mumtalakat is rated BBB (stable) by both Fitch and Standard & Poor’s, said a report in the
Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group (ABG), reported an increase of 21 per cent in its net profit in the first nine months of this year compared to the same period of 2013.
Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, has reported its first quarterly profit in five years.
Since 2009, Jabal Omar, which works on projects in Makkah, has only report
Dubai's Drake & Scull (DSI), a leader in the integrated design, engineering and construction sector, reported a 10 per cent drop in third-quarter profit on Sunday, beating analyst estimates as revenue increased.
Dubai's largest contractor Arabtec reported a 32 per cent drop in third-quarter net profit on Sunday, missing analysts' estimates by a wide margin as general expenses nearly doubled from a year earlier.
The builder, in whi
India's Tata Motors reported a surprise drop in quarterly net profit yesterday, hit by slowing sales at its British luxury subsidiary and higher taxes.
Consolidated net profit slipped to Rs32.91 billion ($533.82 million) in th
Khaleeji Commercial Bank (KHCB), a leading Islamic retail bank in Bahrain, has recorded a net profit of BD2.21 million ($5.8 million) for the first nine months of the year, as compared to a net loss of BD30,000 for the same period last yea
BMI Bank, a subsidiary of Al Salam Bank – Bahrain, has posted a loss after provisions of BD5.7 million($15 million) for the first nine months of the year as compared to a net profit of BD88,000 during the same period last year.