RIYADH, 20 July 2006 — The Saudi Cable Company (SCC) announced a net profit of SR24.1 million for the first half of 2006 compared with SR9.8 million for the same period last year. This was 146.56 percent increase. Total sales reached SR410.1 million for the first six months compared with SR274.5 million for the same period last year.
Bank Albilad Posts
SR147.1m Profit
Arab News
JEDDAH — Bank Albilad announced a net profit of SR147.1 million for the first half of 2006 compared with losses of SR98 million for the same period last year. This year the bank managed to diversify its sources of income and the total revenue from all operations reached SR368.8 million by the end of the first half. The bank continued to open branches across the Kingdom and now have 34 branches.
Saudi Fisheries
Incurs Losses
Arab News
JEDDAH — The Saudi Fisheries Co. announced losses of SR9.8 million for the first half of 2006 compared with SR15.8 million in losses for the same period last year.
Mobily Cuts Lebanon
Call Cost 50 Percent
Arab News
RIYADH — In continuous support for its subscribers in Lebanon and after giving them 50 percent discount on all calls, Mobily has decided to give all its subscribers 50 percent off to all calls to Lebanon. This means call cost to Lebanon is SR1 plus discount on favorite numbers. This offer will go for one week starting July 19 to July 26. This humanitarian approach from Mobily is a continuous move reflecting the care and support toward its all subscribers in all different circumstances.
Nama Chemicals
Profit Up in First Half
Arab News
RIAYDH — Nama Chemicals Co. announced a net profit of SR7.2 million for the first half of 2006. The total sales in the same period increased to SR198 million. The positive result was attributed to a merger with the Jana Company.
SISC Announces
SR1.7m Profit
Arab News
RIYADH — The Saudi Industrial Services Co. (SISC) announced SR1.7 million in profit for the first half of 2006 compared with SR2.5 million in losses for the same period last year.
Tourism Enterprise
Suffers Losses
Arab News
RIYADH — Tourism Enterprise Co. announced losses of SR3.2 million for the first half of 2006 compared with SR1.9 million for the same period last year.