The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.
$6bn share buybacks are expected to be completed by Q3 2022 results
Al Seer Marine’s growth jumped significantly by a record 74 per cent, compared to Q2 of last year, with revenue at AED 474.82 million
The company said operating profits decreased by 5 per cent from BD49.3m in H1 2021 to BD46.8m in H1 2022 due to increases in operating expenses
Dubai saw the completion of around 500 keys in Q2 2022, which led to the city’s total hotel stock reaching 144,000