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FINANCIAL NEWS
Saudi Maaden’s earnings drop by 51 percent
19 Jul 2016
(MENAFN) Saudi Arabian Mining Co. (Maaden) posted a 51 percent drop in Q2 net profit, as sales revenue fell on low commodity prices.
Additionally, the firm posted a net profit of USD35.3mn in the three months to June 30, compared with a profit of USD71.95mn.
However, sales revenues dropped by 15 percent compared with the same period of last year, despite higher sales volumes of aluminum and gold.
The firm is a key leader in the kingdom’s plan to spread its economy away from hydrocarbons, which plans to have the mining sector contributes USD26bn to GDP by 2020.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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