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Sumou Real Estate Third-Quarter Profit Falls 12.7% to SR42.9 Million as Land Sales Drop, Board Proposes Share Buyback

Sumou Real Estate said third-quarter net profit fell 12.7% to SR42.9 million as land sales declined, while revenue rose 11.3% on property development and contracting work.

NADEC Signs Preliminary Deal to Buy NADA’s Dairy Herd for an Indicative SR370 Million

National Agricultural Development Co. signed a memorandum of understanding to buy a dairy cattle herd from Al Othman Agricultural Production and Processing Co. at an indicative SR370 million.

Modern Mills Third-Quarter Profit Rises 11% to SR62.3 Million as Revenue Jumps 26% on Higher Volumes

Modern Mills for Food Products said third-quarter net profit rose 11% to SR62.3 million as revenue increased 25.8% on higher sales volumes and better average selling prices.

Bahri Signs SR1.69 Billion Contract With International Maritime Industries to Build Three Very Large Crude Carriers

Bahri signed a contract worth about SR1.69 billion ($451 million) with International Maritime Industries to build three very large crude carriers for delivery in 2029 and 2030.

Dr. Sulaiman Al Habib Third-Quarter Profit Rises 13% to SR681.6 Million as Revenue Climbs 18%, Declares SR1.37 Dividend

Dr. Sulaiman Al Habib Medical Services Group said third-quarter net profit rose 13.2% to SR681.6 million as revenue grew 18.4%, and its board approved a quarterly dividend of SR1.37 per share.

SABIC Swings to SR499 Million Third-Quarter Profit From Second-Quarter Loss as Higher Prices Lift Margins

Saudi Basic Industries Corp. posted a third-quarter net profit of SR499 million, reversing a second-quarter loss of SR832.9 million, as higher selling prices and an impairment reversal offset lower volumes.

National Bank of Bahrain Group Executes Bahrain’s First Sustainable Collateralized Murabaha, Valued at Over $50 Million

National Bank of Bahrain Group said it executed Bahrain's first sustainable collateralized murabaha, a Sharia-compliant financing valued at more than $50 million.

Omani Group Mubbadrah Leads Consortium Planning $3 Billion, 400-Megawatt AI Data Center in Oman

Omani investment group Mubbadrah Investment said a consortium it leads plans to develop a $3 billion artificial intelligence data center in Oman with planned capacity of up to 400 megawatts.

Riyadh’s King Khalid Airport Partially Resumes Operations, With Terminal 2 Handling Saudi Carriers’ International Flights

King Khalid International Airport in Riyadh said it would partially resume operations from Sunday, with Terminal 1 handling domestic flights and Terminal 2 handling international flights by Saudi carriers.

Kuwait International Bank Nine-Month Profit Rises 30% to KWD26.6 Million as Third-Quarter Earnings Jump 62%

Kuwait International Bank's nine-month net profit rose 30% to KWD26.6 million, with third-quarter profit up 62% to about KWD9 million as fee income and financing grew.

Oman Hotel Revenue Falls 11.7% to OMR171.1 Million in First Nine Months as European Guests Drop 30.7%

Revenue at Oman's three- to five-star hotels fell 11.7% to OMR171.1 million in the nine months to September, as guest numbers dropped 10.4% and occupancy slipped to 46.5%.

Oman Import Prices Rise 11.7% in Second Quarter as Fuel Import Costs Jump 45.5%

Oman's general import price index rose 11.7% in the second quarter of 2026 from a year earlier, led by a 45.5% jump in mineral fuel prices, according to the National Centre for Statistics and Information.
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