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Lucid’s revenues increase 35.5% y-o-y while net losses deepen by 71.2%
Saudi Arabia’s Public Investment Fund-backed EV maker Lucid’s net losses increased by 71.2% y-o-y in 2Q 2023 y-o-y to USD…
Saudi Arabia’s Marafiq reports a 39% y-o-y drop in net income for 2Q
Saudi Arabia’s Marafiq reports a 39% y-o-y drop in net income for 2Q: Saudi Public Investment Fund (PIF)-backed utility firm…
Empower’s net income drops 5.9% y–o-y in 2Q, but revenues are up
The UAE’s Emirates Central Cooling Systems Corporation (Empower) recorded a 5.9% decrease in net income for 2Q 2023 to AED…
Fertiglobe reports 82% y-o-y plunge in 2Q 2023 bottom line
A rocky 2Q for Fertiglobe: Fertiglobe — a UAE-headquartered urea and ammonia exporter and MENA’s largest producer of nitrogen fertilizers…
Emirates Steel Arkan sees rise in net income in 1H 2023 on back of robust demand
A mixed 1H for Emirates Steel Arkan: The UAE’s largest steel and building materials company Emirates Steel Arkan reported a…
KSA’s Sabic takes a plunge in 2Q 2023 on the back of a sales squeeze
A 2Q to forget for SABIC Agri-Nutrients: Saudi Arabian fertilizer maker Sabic Agri-Nutrients reported a 78.5% y-o-y drop in net…
Tabreed’s net income slightly slips in 2Q 2023
A slight dip for Tabreed in 2Q: The UAE’s National Central Cooling Company (Tabreed) reported a 1% y-o-y drop in…
Ma’aden’s 1Q 2023’s net income plunges the back of lower commodity prices, surging raw materials
A 1Q to forget for Ma’aden: Saudi mining company Ma’aden saw its net income plunge 81% y-o-y in 1Q 2023…
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