Banking & Finance
Company's 9-month profits are close to last year's full returns
Expected to be reduced after reaching agreement with IMF
6.7 billion riyals of the company's profits in 9 months
Following discussions about acquiring stakes in Egyptian companies
On continued momentum in strategic direct and indirect acquisitions
Organizations are rethinking conventional business processes, practices
Driven by robust economic activity, higher interest rates
Total value of such payments amounted to 3.2 billion dinars
Move will support the firm in its expansion plans across ME
Amid ramp up and execution of its growth strategy
Financial surplus totaled AED 125.5 bn
Fundraising allow investors to invest in exchange for equity/ownership
Emirates NBD increased its Q3 net profit by 51% YoY
Driven by strong stock performance
Resilient performance supported by strong capital adequacy
TECOM Group saw a 70% increase in its Q3 profits
Fund will be used to acquire sizeable positions in mid-market firms
Investments climbed by AED 16.6 bn in first 8 months
17% less than the value recorded during same period in 2021
But no formal approach has been made as of yet
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