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

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

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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.

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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.

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Oman Expands EV Charging with DC Fast Charging Strategy

Oman is making strong moves toward a cleaner future with a new step in electric vehicle infrastructure. TEAMS International LLC, based in Oman, has...

Saudi Arabia Eyes Growth with SPAC Plan in Nomu Market

Saudi Arabia has introduced a proposal to enhance private sector listings on its Nomu market through special purpose acquisition companies (SPACs). The Saudi SPAC...

Iraq and Turkiye Sign Investment Deal to Boost Cooperation

Iraq has taken another step to grow its economy by signing a new deal with Turkiye. The Iraq–Turkiye wealth deal connects two national funds: the...

Qatar’s QNB Group Sees Steady Growth in Q1 Profits

QNB Group Profit Growth stays strong in the first quarter of 2025, as Qatar’s biggest bank recorded solid financial results. Net profit rose to QR...

Kuwait Sees $1.2 Billion in Contract Awards in January

Kuwait’s infrastructure development gained strong momentum in January 2025. The country secured $1.2 billion in contract awards, placing it third in the Middle East...

Dubai Office Space Crunch Drives Businesses to Newer Locations Like Expo City as Demand Outpaces Supply

Businesses in Dubai are moving from central districts to emerging areas like Expo City due to a lack of high-quality office space. Demand for...

PIF to Anchor New Gulf-Focused Funds from Goldman Sachs

Saudi Arabia’s Public Investment Fund (PIF) is launching new funds focused on the Gulf region. This initiative is part of a strategic partnership with...

Bahrain Launches KGeN’s Gamer Reputation Framework Office

KGeN has officially opened its first Middle East and North Africa (MENA) office in Bahrain, introducing its gamer reputation system to the region. This...

Innovation Growth Through Venture Capital in Saudi Arabia

Innovation growth through venture capital is now central to Saudi Arabia’s national development strategy. The Kingdom is moving fast to support entrepreneurs, build new...

Saudi Arabia Launches Human Capability Initiative to Shape Future Workforce

Riyadh has launched the Human Capability Initiative, bringing together global leaders to shape the future of skills and work. Under the patronage of Crown...

Saudi Arabia Calls for Global Satellite Standards to Encourage Investment

Saudi Arabia has urged for greater international coordination on satellite technology standards. The Kingdom made this call during the 40th Space Symposium in Colorado....

Kuwait Seeks Stronger Economic Ties with Slovenia Through Investment Cooperation

Kuwait continues to build international partnerships through active investment cooperation. Recently, Kuwait’s Non-Resident Ambassador to Slovenia, Talal Al-Fassam, met with Marijana Marijk, Executive Director...
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