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Asharq Al-Awsat
Asharq Al-Awsat
Business
Kuwait - Asharq Al-Awsat

GCC-listed Companies Register Record Profits

A man walks at the Saudi Stock Exchange (Tadawul), in Riyadh, Saudi Arabia, December 11, 2019. (Reuters Images/Ahmed Yosri)

Companies listed in the GCC markets registered record profits last year, achieving remarkable financial results that came in parallel with a significant improvement in post-pandemic economic activity, resulting in one of the best GDP growth rates in 2022.

A Gulf report issued on Wednesday showed that the industrial activity in the region, according to the PMI data, witnessed a consistent upward trend, especially in Saudi Arabia and the UAE, where the PMI remained above the growth level.

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