EARNINGS WATCH- Maridive Oil Services’ net loss widened to USD 18 mn in 1H2020 from USD 3.6 mn in 1H2019, according to a company earnings statement (pdf). Maridive’s revenues also fell to USD 24 mn during the first six months of the year, from USD 35.9 mn in 1H2019. The company, which is looking to divest a key subsidiary to Jeddah-based Khaled Abdullah Al Subaie Holding Company, opened talks with creditors in March as it grappled with the twin threats of covid-19 and the collapse in oil prices.

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