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- UDC reports QR404mn net profit in 2025 on QR1.93bn revenue; proposes 5.5% dividends
- QSE sees successful listing of Qatar's first green sukuk
- Commercial Bank wins 2 accolades at World Finance Digital Banking Awards 2025
- Asian stocks track Wall St rally as Tokyo hits record on Takaichi win
- Gulf Bank and Suffix celebrate the success of 11th Marathon Edition
- NBK-Egypt provides $115m financing for Safaga Terminal Project in Egypt
- Oman's central bank issues treasury bills worth OMR17.48mn
- MSX seen climbing to 7,447 points by end-2026 as rally gathers momentum
- du posts record profit and revenue growth in 2025, lifts dividend to 64 fils
- UAE exempts non-commercial sports entities from corporate tax under new law
26/02/2024 06:47 AST
Group Five Pipe Saudi Co. has announced the signing of a significant contract with the leading oil company, Saudi Aramco. The agreement, formalized on 30 May 2024 (22 Shawwal 1445 in the Islamic calendar), marks a major step forward for both entities.
The contract, valued at approximately SAR 1.3 billion inclusive of value-added tax, pertains to the manufacture and supply of spiral-welded steel pipes. These high-quality pipes will be tailored for a specific project under the ownership of Saudi Aramco.
The agreement extends over a 12-month period and is expected to have a notable financial impact starting from the third quarter of the fiscal year 2025. Importantly, no related parties are involved in this contract.
This collaboration reflects the strong partnership between Group Five Pipe Saudi Co. and Saudi Aramco, and underscores their joint commitment to delivering top-tier industrial solutions.
Tadawul
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10/02/2026
United Development Company (UDC) reported a net profit of QR404mn in 2025 and total revenues worth QR1.93bn, with net profit attributable to shareholders reaching QR431mn and basic earnings per share
Gulf Times
10/02/2026
Commercial Bank has been named 'Best Digital Bank in the Middle East' and 'Best Bank for AI Integration & Digital Transformation in the Middle East' at the World Finance Digital Banking Awards 2025.
Gulf Times
10/02/2026
As the title sponsor of the Gulf Bank 642 Marathon, Gulf Bank recently hosted representatives from Suffix, the event's organizing partner, at its headquarters for a comprehensive review of the key su
Kuwait Times
10/02/2026
Reinforcing its leadership in advancing Egypt's sustainable economic development agenda, National Bank of Kuwait - Egypt (NBK-Egypt) continues to strengthen its role as a leading financial partner in
Kuwait Times
10/02/2026
Emirates Integrated Telecommunications Company (du) posted higher revenues, rising profitability, and its highest dividend on record when it reported its last set of financial results for 2025.
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