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Finance & Markets

Brookfield, Lunate Set Up New Gulf Property Development Firm

Brookfield Asset Management Ltd. and Abu Dhabi investment firm Lunate are setting up a new residential developer to help drive the construction of premium housing developments across the Gulf, seeking to expand in the region’s real estate markets.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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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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