Bahrain-based investment bank SICO has reported a 48% jump in its second-quarter net profit attributable to shareholders, helped by higher net investment income and a recovery in market valuations. Its assets under management (AUM) soared to BD3.3 billion ($8.9 billion) in Q2.
Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Saudi Arabia was the region's largest dividend payer, distributing an estimated $24.5 billion during the first quarter and accounting for almost 84% of all Middle East dividends, according to a new report.
Kuwait-based budget carrier Jazeera Airways said its board has decided to defer a dividend decision for FY 2025, citing uncertainty linked to the Middle East conflict. The move is intended to provide greater clarity on evolving conditions, including the timeline for operational normalisation in the country.
Dubai-listed Amlak Finance has announced that it has secured the investors' approval at the company's Annual General Meeting (AGM) for distribution of cash dividends worth AED735 million ($200 million) to its shareholders for FY 2025. This comes following a sharp rise in its annual profit for the 12-month period.
Adnoc Drilling said it has won approval from its shareholders at the AGM for distribution of $1 billion dividends for FY 2025 and also 5% minimum increase to the 2026 payout. These approvals follow a defining year for Adnoc Drilling in which the company delivered record financial and operational performance.
GFH, a leading regional financial group based in Bahrain with major interests in asset management and real estate, has announced that the company board has secured approval from its shareholders for the distribution of 10.11% cash dividends worth $100 million for the FY 2025.
Adnoc has announced a target to distribute $43 billion in dividends across its six publicly listed companies through to 2030, subject to customary approvals, in addition to the $23 billion already paid since the first company IPO in 2017.
