黑料社区

flyadeal announces solid H1 2025 performance

In June, flyadeal was named the world鈥檚 most punctual airline, achieving 91.77 percent operational performance based on flights within 15 minutes of scheduled arrival.
In June, flyadeal was named the world鈥檚 most punctual airline, achieving 91.77 percent operational performance based on flights within 15 minutes of scheduled arrival.
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flyadeal announces solid H1 2025 performance

flyadeal announces solid H1 2025 performance

flyadeal, 黑料社区鈥檚 fast-growing low-cost carrier, has announced half-year performance figures that have exceeded growth expectations, with milestones and achievements topped by becoming the world鈥檚 most punctual airline in June.
Compared with the first half of 2024, the six months to June 2025 saw passenger numbers increase 25 percent to just over 5 million, outstripping the 21 percent seat capacity growth.




Achieving status as the world鈥檚 most punctual airline in June was indicative of our commitment to operational excellence while increasing capacity, says Steven Greenway,听CEO of flyadeal

With 33,400 flights operated 鈥 200 daily for the first time since flyadeal鈥檚 inception in 2017 鈥 thanks largely to a near 60 percent increase in the number of routes flown during the six months, the airline surpassed the industry average for best on-time performance of any low-cost Middle East airline for six consecutive months.

HIGHLIGHT

Compared with the first half of 2024, the six months to June 2025 saw passenger numbers increase 25 percent to just over 5 million, outstripping the 21 percent seat capacity growth.

In June, flyadeal was acclaimed for being the world鈥檚 most punctual airline, achieving 91.77 percent operational performance based on flights within 15 minutes of scheduled arrival.
Operational highlights for January-June 2025 over the same period in 2024:
鈥 Number of passengers carried rose 25 percent to 5.05 million
鈥 Seat capacity increased 21 percent
鈥 Total flights operated were up 20 percent to 33,400
鈥 Number of routes flown went up 57 percent to 127 from three bases in the Kingdom
鈥 Fleet grew by five aircraft to 39
鈥 Most punctual airline in the world with on-time performance peaking at 91.77 percent
鈥 Six consecutive months as the best Middle East low-cost airline for punctuality
鈥 Launched scheduled flights to Pakistan signaling first move into South Asia
Key milestones and achievements in H1 2025:
鈥 Joined sister airline Saudia鈥檚 AlFursan loyalty scheme for members to earn and redeem miles on flyadeal flights
鈥 Historic order for 10 Airbus A330 widebody aircraft for long-haul flying
鈥 Graduation of first 10 of 150 cadet pilots under a new Saudi government scholarship program
鈥 flyadeal announced Saudi cabin crew to be trained as certified tour guides in a ground-breaking regional initiative
鈥 flyadeal joined industry body International Air Transport Association
鈥 Headcount rose 21 percent to 1,600 employees
Steven Greenway, flyadeal CEO, said: 鈥淭he 2025 first-half performance demonstrated flyadeal鈥檚 ongoing commitment to growth in both passengers flown and available seat capacity. But more importantly, our business evolved with a continued focus on core values of operating as a low-cost airline, at high efficiency and with service excellence.鈥

鈥淲ith the number of routes flown increase by almost 60 percent compared with the six corresponding months of 2024, we achieved 200 daily flights for the first time in June. As the fleet reached 39 aircraft, our milestone 40th has just been delivered in July giving us more capacity to increase frequency on existing services and add new destinations.鈥
He added: 鈥淎chieving status as the world鈥檚 most punctual airline in June was indicative of our commitment to operational excellence while increasing capacity. The introduction of scheduled flights to Karachi in Pakistan 鈥 our first move into South Asia 鈥 and the addition of Istanbul鈥檚 second airport of Sabiha G枚k莽en and Alexandria as our fourth year-round destination in Egypt, is evident of our approach to introduce new markets and strengthen existing ones.
鈥淎s we look forward to the coming months of boosting our network including adding Islamabad, Sialkot and Peshawar to boost our Pakistan operations, we are on course for year-end to reach another milestone of 40 million passengers carried since our very first flight.鈥


LuLu boosts KSA presence with new store, solar project

LuLu boosts KSA presence with new store, solar project
Updated 8 sec ago

LuLu boosts KSA presence with new store, solar project

LuLu boosts KSA presence with new store, solar project

LuLu Retail has further strengthened its presence in 黑料社区 with the opening of a new hypermarket in Dammam鈥檚 Al-Orouba district. The expansion is part of the group鈥檚 continued support for 黑料社区鈥檚 Vision 2030.
The new store was officially inaugurated by Fayez bin Ali Al-Asmari, head of municipality 鈥 West Dammam; Ibrahim Abu Abaah, general-secretary of Albeer Association; and Yusuff Ali M.A., chairman of LuLu Group.
鈥淲e are proud to strengthen our retail presence in Dammam. This launch highlights our alignment with Vision 2030 by generating jobs, enhancing retail infrastructure, and delivering a world-class shopping experience,鈥 said Yusuff Ali.
Spanning 81,268 square feet, the new hypermarket offers a wide range of products including groceries, electronics, home furnishings, stationery, and toys. Ample parking and exclusive inaugural promotions ensure a convenient and value-driven shopping experience for all customers.
Meanwhile, as part of its commitment to sustainability, LuLu Group also inaugurated its solar power project at the central warehouse facility in the Eastern Province.
The 707.7 kWp-rooftop solar plant, developed in partnership with the Kanoo-CleanMax joint venture, was launched by Yusuff Ali, in the presence of Ahmed Abdulla Ali Mohamed Kanoo, director of Kanoo; Talal Fawzi Ahmed Ali Kanoo, president of Kanoo; and Manoj K. Tripathy, CEO of Kanoo Industrial and Energy.
The plant will generate more than 1.19 million kWh of green energy annually, reducing the group鈥檚 carbon emissions by approximately 535 tonnes per year. This initiative supports the Kingdom鈥檚 Vision 2030 sustainability goals and reinforces LuLu鈥檚 commitment to energy saving and environmental responsibility within the retail sector.

 


Saudi real estate expo 鈥楽EREDO 2025鈥 to open in Jeddah on Sept. 9

(X @seredoexposa)
(X @seredoexposa)
Updated 03 August 2025

Saudi real estate expo 鈥楽EREDO 2025鈥 to open in Jeddah on Sept. 9

(X @seredoexposa)
  • Princess Deena bint Saud emphasized the organizing committee鈥檚 keenness to attract a selection of leading local and international companies in the fields of real estate development, finance, and engineering, to enhance the visitor experience

The Saudi Expo Real Estate Development and Ownership 2025 exhibition will take place in Jeddah from Sept. 9-11 at Jeddah Superdome under the patronage of the Ministry of Municipalities and Housing.
The third edition of SEREDO 2025 represents the first real estate investment destination in the Jeddah governorate. It will witness the participation of a large group of real estate companies, banks and financial institutions, who will showcase the latest residential projects and financing offers that will increase the rate of home ownership among citizens to 70 percent, which is what Saudi Vision 2030 aspires to.
Princess Deena bint Saud, chairwoman of the board of directors of SEREDO 2025, said that this year鈥檚 exhibition will witness a qualitative development in its content and participation, compared to previous editions, both in terms of the diversity of exhibitors and the size of accompanying events.
She emphasized the organizing committee鈥檚 keenness to attract a selection of leading local and international companies in the fields of real estate development, finance, and engineering, to enhance the visitor experience and empower investors.
The exhibition is expected to receive more than 100,000 visitors, which will make this edition the most sustainable in the history of SEREDO.
The exhibition also seeks to strengthen local and international partnerships, explore the many promising investment opportunities in the city, and keep pace with its urban development.
Additionally, the exhibition will discuss key related topics that will impact the future of real estate through its diverse sessions.
These topics include quality, sustainable building practices, smart home technologies, mastering real estate auction methods, analyzing recent market trends, studying smart investment strategies, and the impact of geospatial data science, all of which are driving a radical transformation in the Saudi real estate sector, among other important and interesting topics.

 


Estithmar Holding reports record results for H1 2025

Estithmar Holding reports record results for H1 2025
Updated 02 August 2025

Estithmar Holding reports record results for H1 2025

Estithmar Holding reports record results for H1 2025

Revealing an exceptional performance across all key financial metrics, Estithmar Holding Q.P.S.C. has announced its financial results for the six-month period ending June 30, 2025.

The company reported revenue of 3.07 billion Qatari riyals ($844 million), an 87 percent year-on-year increase. The gross profit soared by 134 percent to 1.05 billion Qatari riyals, while EBITDA rose 97 percent to 732 million Qatari riyals compared to H1 2024. The net profit reached 465 million Qatari riyals, up 97 percent year-on-year, while earnings per share doubled, reaching 0.13 Qatari riyals.

While Estithmar Holding continues its upward trajectory in its financial and operational indicators across all its financial disclosures, this remarkable leap in results for H1 2025 is mainly attributed to increased revenue through its international expansions across its four sectors in 黑料社区, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan.

The company鈥檚 enhanced operational performance also underpinned an EBITDA of 732 million Qatari riyals, an increase of 97 percent, driven by disciplined financial and operational policies, which improved the profit margin.

鈥淥ur exceptional first half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion,鈥 said Juan鈥疞eon, group CEO of Estithmar Holding.

He added: 鈥漇ustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar鈥疕olding is well placed to deliver exceptional stakeholder value and extend our footprint globally.鈥

Currently, Estithmar Holding鈥檚 operations span seven countries in addition to Qatar. The health care sector has expanded to Algeria, developing the Algerian Qatari German Hospital, Iraq through the management of Al-Imam Al-Hassan Al-Mujtaba Hospital and Al-Nasiriyah Teaching Hospital in Karbala and Di-Qar governorates, and to Libya, managing Misrata Heart and Vascular Center.

The real estate development and tourism division features major projects such as Rixos Baghdad Hotel and Residences in Iraq and the Rosewood Resort in the Maldives, both progressing at an accelerated pace. The services division has expanded its operations across 黑料社区, Iraq, Maldives, Libya, Jordan, and Kazakhstan, sustaining revenue growth through operational diversification and scale.

Specialized contracting activities have also expanded in 黑料社区, having been awarded major projects such as Red Sea Airport, five hotels in Shura Island, Sindalah Yacht Club and others, besides projects in the Maldives, and Iraq.

Record share performance

Estithmar Holding鈥檚 share showed robust and sustained upward momentum during H1 2025, climbing 77 percent. This indicates a transition from steady accumulation to a sharp upward trend, driven by increased investor confidence, ongoing profit growth, and the company鈥檚 expansion activities.

The company鈥檚 share performance reflects its sound management and operational policies focused on enhancing investor value. This aligns with the company鈥檚 long-standing commitments expressed in previous statements, alongside the launch of diversified projects and expansion initiatives.


Barq surpasses 7m users in first year of launch, with SR73bn worth transactions

Barq surpasses 7m users in first year of launch, with SR73bn worth transactions
Updated 02 August 2025

Barq surpasses 7m users in first year of launch, with SR73bn worth transactions

Barq surpasses 7m users in first year of launch, with SR73bn worth transactions

In a development that reflects the Kingdom鈥檚 rapid shift toward a cashless economy, Barq, a digital payments application, has recorded exceptional performance in its first year of operation. The number of its users has surpassed 7 million, representing 150 nationalities from around the globe. The app has encompassed a wide range of digital payments and money transfers, contributing effectively to advancing the Kingdom鈥檚 non-cash economy objectives.

In its first year, Barq issued more than 6.5 million digital payment cards, enabling users to conduct their transactions with ease and security. The app offers banking services through an advanced digital platform tailored to meet the needs of individuals as well as small and medium-sized enterprises, providing innovative payment solutions under a license granted by the Saudi Central Bank.

Since its launch in July last year, the app has processed over 500 million financial transactions, with a total transaction volume reaching SR73 billion ($19.4 billion), cementing its position as the fastest-growing digital wallet in the Kingdom and one of the leading success stories in the digital financial transformation aligned with the Saudi Vision 2030 goals.

Barq has also strengthened its international presence through strategic partnerships, facilitating payments for visitors and residents from outside the Kingdom. This initiative supports the digital tourism sector and contributes effectively to the objectives of the Financial Sector Development Program and Vision 2030, by fostering a digitally empowered society and an innovation-driven economy.

With a clear vision for empowering individuals and businesses, Barq continues to shape the digital payments landscape in the Kingdom, playing a vital role in realizing the Vision 2030 aspiration of building a thriving cashless society.


Azad Properties and Apparel Group to bring global retail experiences to Jeddah鈥檚 Souq7

Azad Properties and Apparel Group to bring global retail experiences to Jeddah鈥檚 Souq7
Updated 31 July 2025

Azad Properties and Apparel Group to bring global retail experiences to Jeddah鈥檚 Souq7

Azad Properties and Apparel Group to bring global retail experiences to Jeddah鈥檚 Souq7

Azad Properties has signed a landmark leasing agreement with Apparel Group, one of the region鈥檚 leading retail conglomerates, to bring a curated portfolio of globally recognized and high-performing retail and F&B concepts to Souq7 in Jeddah.

Under this partnership, 13 retail and dining destinations will be introduced at Souq7, collectively spanning approximately 9,000 square meters of gross leasable area. The mix includes established favorites such as Wings Stop, R&B, Tim Hortons, Allo Beirut, Nando鈥檚, Skechers, Grand Center, Cold Stone, BBZ, Crocs, Babies and More, Sushi Library, and Beverly Hills Polo Club.

Set to open in Q4 2025, these new retail experiences are part of a phased activation strategy that reinforces Souq7鈥檚 positioning as a next-generation urban destination, where local culture meets global retail. The integration of these brands reflects a commitment to delivering a differentiated shopping and dining experience tailored to the expectations of Jeddah鈥檚 dynamic consumer base.

鈥淧artnering with Apparel Group, one of the region鈥檚 most influential retail forces, elevates Souq7鈥檚 experience and offering, as we continue our journey to shape a destination where cultural relevance, community connection, and curated experiences come together,鈥 said Ayman Al-Burti, CEO of Azad Properties.

This agreement builds on Azad Properties鈥 strategic growth agenda and underscores Apparel Group鈥檚 confidence in Souq7鈥檚 unique offering and long-term potential as a cornerstone in Jeddah鈥檚 evolving retail landscape.