Saudi Arabia records ninth consecutive budget deficit amid economic diversification push
Saudi Arabia’s budget recorded a deficit for the ninth consecutive quarter, with data from the Ministry of Finance released on Thursday showing that the fourth-quarter deficit for 2024 reached SAR 57.7 billion.Despite the shortfall, non-oil revenues surged by 21% year-on-year in Q4, reaching SAR 132 billion. For the full year,…
Saudi Arabia records ninth consecutive budget deficit amid economic diversification push
Saudi Arabia’s budget recorded a deficit for the ninth consecutive quarter, with data from the Ministry of Finance released on Thursday showing that the fourth-quarter deficit for 2024 reached SAR 57.7 billion.Despite the shortfall, non-oil revenues surged by 21% year-on-year in Q4, reaching SAR 132 billion. For the full year,…
Fauji Fertilizer records 118% profit growth post-merger of FFBL
Fauji Fertilizer Company (FFC) reported a net profit of PKR 64.7 billion for 2024, marking a 118% increase from the previous year’s profit of PKR 29.67 billion.This surge in profits is largely attributed to contributions from Fauji Fertilizer Bin Qasim (FFBL), which merged with FFC in July.The earnings per share…
Fauji Fertilizer records 118% profit growth post-merger of FFBL
Fauji Fertilizer Company (FFC) reported a net profit of PKR 64.7 billion for the fiscal year ending December 31, 2024, marking a 118% increase from the previous year’s profit of PKR 29.67 billion.This surge in profits is largely attributed to contributions from Fauji Fertilizer Bin Qasim (FFBL), which merged with…
