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Financials & Economy
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Olam Group unveils updated re-organisation plan following US$2.58B sale to SALIC
This re-organisation is part of a multi-year transformation that began in January 2020 when Olam announced the restructuring of its diverse operations into three distinct business units.
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CHS Inc. posts US$75.8 million Q2 loss on declines in energy, Ag segments
According to the company, the setback was largely driven by significantly weaker earnings in its Energy and Ag segments.
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Oman Flour Mills issues Sultanate’s first Islamic Commercial Paper, raising US$26M
The ICP issuance was met with robust market interest and was oversubscribed by 1.4 times, a clear indication of investor confidence.
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Abu Dhabi Ghitha Holding reports US$1.35B revenue for FY 2024, marking 8.9% growth
The Group’s gross profit surged 25.8% year-on-year to US$266.2 million, supported by cost efficiencies, strategic acquisitions.
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Invictus reports 10% revenue growth in 2024, expands global presence to 54 countries
A major milestone was the acquisition of a 60% stake in Graderco, a leading grain and cereal trading firm in Morocco.