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A busy day on the earnings front
Companies and banks reported their 3Q earnings, with results reflecting mixed performances
Volumes and prices lift East Pipes as shipping disruptions raise costs
Regional conflict forced the company to reroute raw-material imports, extending transit times and raising shipping costs
East Pipes posts SAR 573.3 mn in net income for FY 2025/26
The performance was attributed to higher sales and new contracts
Oil exports fall to four-year low in May, non-oil exports marginally down
Oil’s share of total exports dropped to 65.6%
Bank AlJazira, Alinma Bank and more post 2Q earnings
PLUS: Jamjoom Pharma | Sadafco | Electrical Industries | East Pipes
Acwa Power eyes green hydrogen production in Tunisia. Plus: advertising, debt and manufacturing
Plus: Aramco has wrapped the acquisition of a 40% stake in GO Pakistan
Saudi Electricity Company hits financial close on Taiba 1, Qassim 1 power plants. Plus: oil and gas, tourism and manufacturing
Saudi Electricity Company (SEC) | Acwa Power | Taiba 1 | Qassim 1 | Ades Holding | Dan | East…