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- Saudi Awwal Bank launches a world class Innovation Centre to provide financial services
- Indian rupee firms up again - UAE, Saudi Arabia's NRIs delay money transfers
- Dubai's Tecom Group turns in another profit gain in Q1-2025
- BNY gets license for Saudi regional HQ as global banks grow presence
- Closing Bell: Saudi main index closes in red at 11,543
- TotalEnergies, OQEP break ground at Marsa LNG
- Riyadh Air enters key deals covering 125 countries
- 3 contracts signed for $1.6bn Marsa LNG Project in Sohar
- GIS reports net profit of QR222m in Q1, reflecting 38% year-on-year growth
- QAMCO posts record net profit of QR156m
28/07/2015 06:14 AST
DUBAI: Nakheel on Monday announced a net profit of Dhs2.83 billion for the first six months of 2015; an increase of nearly Dhs1 billion or 53 per cent, compared to the H1, 2014 profit of Dhs1.85 billion.
The company said in a press that sharp increase is mainly due to continued strong performance by Nakheel's development business, with ongoing handovers of properties to customers. "The company's growing retail, leasing and leisure businesses also contributed to the overall financial results for H1 2015," it added.
Nakheel said it continues to focus on completing various development projects currently under construction, as well as expanding its retail, hospitality and residential leasing projects to further contribute to the growth in Dubai's real estate market and to further strengthen the overall financial position of the company.
Nakheel Chairman Ali Rashid Lootah said, "We have achieved a significant increase in our net profit for the first half of 2015 compared to the same period in 2014. We will build on these results during the second half of this year, and remain committed to playing a key role in contributing positively and effectively to Dubai's real estate
"Our strategy to create more cash-generating assets will further boost our financial results in the coming years. We thank the Government of Dubai for its support and our investors for their trust and confidence in Nakheel."
The Gulf Today
26/04/2016
Al Rayan Investment LLC, a Doha based Shari'ah compliant investment firm, and a wholly-owned subsidiary of Masraf Al Rayan, has acted as the "Sole Listing Advisor" for Qatar First Bank (QFB) on its d
The Peninsula
06/02/2014
Underlining its local dominance, Doha-based Al Rayan Investment won 'Qatar asset manager of the year' title at the 2014 Mena Fund Manager Performance Awards. The award was presented at a gala dinner
The Peninsula
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02/05/2025
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, announced the inauguration of its Innovation Centre on Thursday, May 1. The facility is designed to inspire and accele
Saudi Gazette
02/05/2025
Dubai's Tecom Group has come up with net profits of Dh360.8 million for the January to March 2025 period, and quite a healthy gain on the Dh292.5 million from the year ago status.
The compan
Gulfnews
02/05/2025
Gulf International Services reported a net profit of QR222m for the three-month period ended 31 March 2025, with an earnings per share of QR 0.119.
The Group reported strong revenue growth f
The Peninsula
02/05/2025
Qatar Aluminum Manufacturing Company (QAMCO), a 50% joint venture partner in Qatar Aluminum Company (Qatalum), reported a net profit of QR156m for the three-month period ended 31 March 2025, with an
The Peninsula
01/05/2025
Beyon announced its financial results for the first quarter of 2025.
Beyon reported net profit attributable to equity holders of BHD 18.1M (US$ 48.0M) for Q1 2025, a 4% decrease from BHD 18
BNA
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia