Knowledge Economic City, Maaden report higher Q3 revenues as profit growth diverges
In the third quarter, Saudi Arabia’s Knowledge Economic City (KEC) and Maaden reported increased revenues, with KEC's net profit soaring 253.5% and Maaden’s revenue rising 11% to $3 billion. KEC attributed its growth to strong contributions from residential projects and a land sale, while Maaden faced mixed results across its divisions, particularly in phosphate, where production costs rose significantly despite recovering output.
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