UAE – Mubasher: Moody's Ratings has affirmed the ‘Baa3’ long-term issuer rating of UAE-based Chemical industry company Fertiglobe, changing the outlook to positive from stable. The rating agency ascribed its decision to Abu Dhabi National Oil …
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has successfully completed a placement to institutional investors of around 880 million ordinary shares of ADNOC Drilling Company. The offered shares represent 5.50% of the ADX-listed …
Dubai – Mubasher: Emirates Islamic Bank has issued a $750 million five-year senior unsecured sustainability sukuk. The sukuk issuance received great demand from investors across different regions and was oversubscribed 2.80 times, according to a …
Abu Dhabi – Mubasher: Aldar Properties and Dubai South teamed up to create a facility for Kuehne+Nagel, one of the world's leading logistics providers, at EZDubai, according to a press release. Located close to Al Maktoum International Airport, …
Abu Dhabi – Mubasher: An investor has executed a large direct deal on ADNOC Gas on the Abu Dhabi Securities Exchange (ADX) on 21 May 2024. The deal is executed on 15 million shares with a value of AED 45.70 million, or AED 3.05 per share, …
Cairo – Mubasher: Orascom Construction recorded an annual leap in consolidated net profit to $49.80 million during the first quarter (Q1) of 2024, compared to $40.10 million. Revenues dropped by 4.80% year-on-year (YoY) to $766.30 million in Q1-24 …
Dubai - Mubasher: The board member of Shuaa Capital recommended issuing private placement and mandatory convertible bonds (MCBs) of up to AED 367 million, according to a bourse disclosure. The transaction is still subject to regulatory approvals …
Cairo – Mubasher: UAE’s Electra Investment Holding has submitted an offer to acquire up to 24.50% of Elsewedy Electric Company. Under the offer submitted to the Financial Regulatory Authority (FRA), Electra Investment seeks to buy around 531.48 …
Abu Dhabi – Mubasher: Sudatel Telecom Group incurred net losses valued at $25.96 million in the first quarter (Q1) of 2024. The negative results were compared with net profits worth $16.97 million in Q1-23, according to consolidated interim …
Abu Dhabi – Mubasher: Agthia Group logged net profits after tax worth AED 127.59 million in the first quarter (Q1) of 2024, marking a year-on-year (YoY) leap from AED 96.69 million. The group’s revenues hiked to AED 1.44 billion in Q1-24 from AED …
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) recorded net profits valued at AED 17.58 million in its first quarter (Q1) of 2024, up by 118% from AED 8.04 million in Q1-23. Takaful revenue amounted to AED 271.47 million as of 31 …
Dubai – Mubasher: The board of Tecom Group has approved a strategic acquisition and development plan valued at AED 1.70 billion, according to a press release. Under the expansion plan, the UAE-based group will invest AED 966 million to acquire …
Abu Dhabi – Mubasher: Waha Capital logged net profits after tax valued at AED 281 million in the first quarter (Q1) of 2024, an annual leap of 90% from AED 148 million, according to the financial results. Net operating income enlarged by 73% to …
Dubai – Mubasher: The net profits of Amanat Holdings increased by 9% year-on-year (YoY) to AED 48.29 million in the first quarter (Q1) of 2024, partly impacted by the introduction of corporate tax in the UAE. The quarterly net profits were …
Riyadh – Mubasher: ACWA Power Company has received a notice from the Dubai-based Shuaa Energy 3 project company. Shuaa Energy 3 announced that Phase C of the solar power project received the commercial operation certificate, according to a bourse …
Abu Dhabi – Mubasher: The net losses after tax of Eshraq Investments increased to AED 306.05 million in the first quarter (Q1) of 2024 from AED 34.08 million in Q1-23. Basic and diluted loss per share hit AED 0.11 as of 31 March 2024, an annual …
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) posted net income valued at AED 2.13 billion in the first quarter (Q1) of 2024, an annual plunge from AED 11.56 billion a year earlier. The decrease of AED 9.50 billion is due to …
Abu Dhabi – Mubasher: The net profits attributable to the owners of Gulf Medical Projects Company (GMPC) hit AED 16.82 million in the first quarter (Q1) of 2024, an annual rise from AED 13.21 million. Revenues climbed year-on-year (YoY) to AED …
Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Company shifted to net profits valued at AED 8.44 million in the first quarter (Q1) of 2024. The registered profits were compared to net losses worth AED 7.44 million in Q1-23, …
Dubai – Mubasher: Gulf Navigation Holding (GNH) turned to net losses valued at AED 11.48 million in the first quarter (Q1) of 2024, against net profits worth AED 13.49 million in Q1-23. Revenues amounted to AED 23.83 million in the first three …
Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, generated net profits attributable to the owners amounting to $6.84 million in the first quarter (Q1) of 2024. The recorded net profits were against net losses worth $3 million …
Dubai – Mubasher: Emaar Development achieved a 50% leap in property sales to AED 12.90 billion ($3.50 billion) in the first quarter (Q1) of 2024, versus AED 8.60 billion ($2.30 billion) in Q1-23. The real estate developer successfully launched 10 …
Dubai – Mubasher: The net profits attributable to the equityholders of National Central Cooling Company (Tabreed) hit AED 112.13 million in the first quarter (Q1) of 2024. The generated net profits retreated from AED 236.36 million in Q1-23, …
Dubai – Mubasher: Union Properties generated net profits after tax worth AED 16.47 million in the first quarter (Q1) of 2024, up year-on-year (YoY) from AED 12.29 million. Revenues from contracts with customers jumped to AED 138.11 million in …
Abu Dhabi – Mubasher: Al Yah Satellite Communications Company (Yahsat) logged net profits attributable to the shareholders valued at $52.90 million in the first quarter (Q1) of 2024. The recorded net profits were higher year-on-year (YoY) than …
