#H1 2022 financial results
Seera Group’s gross booking value increased by 108 per cent to SAR2.5bn in Q2 2022, up from SAR1.2bn in Q2 2021
Majid Al Futtaim – Properties’ revenue rose 51 per cent to Dhs2.4bn, while EBITDA was up 27 per cent to Dhs1.4bn
Total income for H1 2022 was $182.76m versus $181.01m for the 2021 period, an increase of 1 per cent
The first half of the year saw Salama establishing new strategic tie-ups with banks in the UAE to provide omnichannel Takaful solutions to bank customers
Emaar’s hospitality division saw its revenue grow by 64 per cent compared to H1 2021, reflecting the tourism sector’s robust post-pandemic recovery
DEWA also reported its second quarter 2022 financial results, recording quarterly revenue of Dhs7.01bn and net profit of Dhs2.61bn
The growth in the profit was driven by the continued strong performance of the group’s manufacturing, contracting and services segment
ADNIC reported that gross written premiums increased by 20.9 per cent to Dhs3.23bn in H1 2022, compared to Dhs2.67bn for the same period in 2021
More than 5.2 million passengers flew with Air Arabia between January and June 2022 across the carrier’s five hubs
The group revenues were Dhs25.4bn, 15 per cent higher than the prior-year period, primarily due to higher commodity prices within the oil & gas segment
Yahsat reported that its revenue reached Dhs755m ($206m) and the net income reported was Dhs167m
The holding company’s revenue grew by 121 percent to Dhs21.93bn in the first six months of 2022
ADNOC Distribution accelerated its growth strategy throughout H1 2022, with the opening of 12 new stations in the UAE
EDB mobilised Dhs351m in capital in H1 2022 to support SMEs via its credit guarantee scheme
According to Qatar Civil Aviation Authority, HIA recorded 15.6 million passengers in the first half of this year
The company’s group net revenues hit Dhs2bn, up 51 per cent from last year
TECOM’s revenue increased 15.8 per cent YoY driven by higher occupancy rates across commercial and industrial segments
The company’s total assets grew by 3 per cent year-on-year during 2022 to reach $8.26bn
The bank’s half-year net profit was driven by broad-based growth in net interest income, card fees and trading income underpinned by the economy’s recovery
The bank reported double-digit income growth in the UAE, Pakistan, and Ghana, with Pakistan delivering its highest-ever half-yearly operating profit
The bank’s total income was Dhs12.5bn, up 31 per cent YoY, including a Dhs3.1bn net gain on the sale of a majority stake in Magnati
Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m
The group achieved revenues of Dhs17.1bn, up considerably year-on-year from Dhs5.5bn for the same period last year
Eithad Airways carried 4.02 million passengers in H1 2022, over 3 million more than last year, with an average seat load factor of 75 per cent
Gross new financing and sukuk investments saw a significant increase of Dhs33bn during the period
Group sales rose to a record level of Dhs5.33bn for H1 2022, driven by strong domestic and international demand for existing inventory and launch of new properties
The lender recorded year-on-year growth of 97.5 per cent to close the six month period at a net profit of Dhs150.5m
Emirates NBD played a leading role in both the DEWA and TECOM IPOs, delivering customers a fully digital platform
The bank’s revenue for the first half of the current year improved by 7 per cent to Dhs2.8bn compared to Dhs2.6bn last year