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- Beyon sweeps 2025 Cybersecurity Excellence Awards
- Estithmar Holding Q.P.S.C General Assembly Elects Board Members
- Aramco and Sinopec plan major Yasref expansion to boost petrochemical output
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- Saudi Aramco discovers 14 new oil, gas fields
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- INR to hit 24 per UAE dirham? Rupee declines as weaker Chinese yuan hurts Asia FX
09/08/2016 08:16 AST
Kuwait Food Co (Americana) posted a 31 per cent rise in second-quarter net profit on Monday. The operator of restaurant franchises in the Middle East, including KFC, made a net profit of 9.03 million dinars ($29.91 million; Dh109.8 million) in the three-month period ending June 30, up from 6.88 million dinars in the prior-year period, it said in a bourse statement. The company did not provide any reason for the increase in profit. It said that operating profit declined due to the seasonality of Ramadan. Americana's major shareholder, Kuwait's billionaire Al Kharafi family, on June 18 signed an agreement to sell their 69 per cent holding to Adeptio Group, an investment group led by prominent Dubai businessman Mohammad Alabbar.
Reuters
12/11/2017
Americana Group (Kuwait Food Company) said Thursday that it has posted profits totaling KD 44 millions (equivalent to $146 million), in the first nine months of 2017.
According to Boursa K
Arab Times
30/11/2016
The Public Investment Fund (PIF) is to acquire a 50 percent stake in a UAE firm which last month took control of Kuwaiti food giant Americana.
Through a wholly owned subsidiary, the PIF will
Arab News
19/06/2016
An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co (Americana) from the Kharafis, a Kuwaiti merchant family, for about $2.4 b
Arab News
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10/04/2025
Beyon Cyber, part of the Beyon Group, has been recognized with three major accolades at the 2025 Cyber Security Excellence Awards, one of the industry's most renowned awards, voted on by the global c
Trade Arabia
10/04/2025
Estithmar Holding Q.P.S.C. announced the results of the ordinary and extraordinary general assembly meeting held on April 9, 2025, to elect 11 members for the Board of Directors of Estithmar Holding
Gulf Times
10/04/2025
Saudi Aramco has made a series of groundbreaking oil and gas discoveries in the Eastern Province and the Empty Quarter, further cementing Saudi Arabia's position as a global energy leader.
A
Arab News
09/04/2025
GE Vernova and Saudi Electricity Company (SEC) have announced the successful completion of the first gas turbine outage entirely planned and executed by GE Vernova's Saudi engineers and specialists.
Trade Arabia
09/04/2025
Estithmar Holding announces the resignation of Mohammed bin Bader Al-Sada as the Group Chief Executive Officer. The Board of Directors has appointed Juan Leon as his successor, with full executive au
The Peninsula
Financial Information Co.
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