Gulf
Saudi Q3 results could signal how Gulf companies' earnings are diverging.
Knowledge Economic City, Maaden report higher Q3 revenues as profit growth diverges
In simple terms
In the third quarter, Saudi Arabia's Knowledge Economic City (KEC) and Maaden reported increased revenues, with KEC's net profit rising 253.5% and Maaden's revenue rising 11% to $3 billion.
Why it matters for the Gulf
- KEC and Maaden reported higher Q3 revenues.
- KEC profit rose 253.5%; Maaden revenue rose 11% to $3 billion.
- Gulf investors might watch how Saudi earnings diverge.
What we don't know yet
5 claims still need verification.
Listen to audio summary
0:00 / 0:00
How solid is this
1 source5 claims foundnot checked yet