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Ares CEO Sees Growing Demand for Private Credit in Asia

Ares Management CEO and Co-Founder Michael Arougheti says Asia’s private-credit market is not yet large enough to meet demand as global investors increasingly look to the region. He spoke to Yvonne Man and David Ingles on the sidelines of the HKMA Global Financial Leaders’ Investment Summit. (Source: Bloomberg)

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Dar Al Majed Profit Drops 63% in Nine-Month Period

Riyadh, Saudi Arabia — Dar Al Majed Real Estate Co. reported net profit attributable to shareholders of 90.9 million SAR for the nine months ending September 30, 2026 — a sharp 63.5% decline from…

  • Dar Al Majed profit dropped 63% in nine months ending September 30, 2026
  • Net profit attributable to shareholders fell to 90.9 million SAR
  • Revenue declined 24% to 691.7 million SAR

SAL Logistics Lifts Nine-Month Profit 16.9%

Riyadh, Saudi Arabia — SAL Saudi Logistics Services Company posted a net profit of 579.9 million SAR for the nine months ended September 30, 2026.

  • SAL Logistics profit up 16.9% to 579.9 million SAR
  • Revenue grew 28.2% to 1.54 billion SAR
  • Cargo Ground Handling division expanded 35.5% YoY

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