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12 May 07:15 PM

Sector News

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2 centuries from now Arkan receives offer to combine with Senaat's Emirates Steel
Abu Dhabi - Mubasher: Arkan Building Materials Company has received an offer from General Holding Corporation (Senaat), a part of ADQ, to transfer its wholly-owned subsidiary, Emirates Steel Industries (Emirates Steel), to Arkan. Under the offer's …
Companies Investments
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4 hours ago RAK White Cement’s profits leap in Q1-24 to AED 13m
Abu Dhabi – Mubasher: Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) logged net profits valued at AED 13.12 million in the first quarter (Q1) of 2024, an annual hike from AED 620,099. Revenue from contracts …
Financial Results
Photo Archive
01:18 PM RAK Ceramics achieves AED 63m net profits in Q1-24
Abu Dhabi – Mubasher: RAK Ceramics logged net profits after tax valued at AED 62.90 million in the first quarter (Q1) of 2024, down 21.50% from AED 80.10 million in Q1-23. The revenues amounted to AED 781.60 million in Q1-24, an annual drop of …
Financial Results
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9 May 02:38 PM Emirates Steel Arkan’s net profits exceed AED 128m in Q1-24
Abu Dhabi – Mubasher: Emirates Steel Arkan logged net profits after tax valued at AED 128.22 million in the first quarter (Q1) of 2024, down year-on-year (YoY) from AED 152.17 million. Revenues plummeted to AED 2.13 billion in Q1-24 from AED 2.40 …
Financial Results
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8 May 05:33 PM NMDC posts AED 641m consolidated profit in Q1-24
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) logged a consolidated net profit of AED 641.06 million in the first quarter (Q1) of 2024, a surge from AED 303.32 million in the same period a year earlier. Revenues from contracts with …
Financial Results
Photo Archive
8 May 11:28 AM ADNOC L&S logs 34% YoY profit hike in Q1-24
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) reported a 34% year-on-year (YoY) leap in net profit to $194 million (AED 712 million) in the first quarter (Q1) of 2024 from $145 million (AED 533 million). Revenues soared 42% YoY to …
Financial Results
Photo Archive
6 May 10:10 AM Alpha Dhabi Holding records over AED 4.5bn profits in Q1-24
Abu Dhabi – Mubasher: The net profits of Alpha Dhabi Holding amounted to AED 4.59 billion in the first quarter (Q1) of 2024, down from AED 7.31 billion in Q1-23. The ADX-listed group posted revenues totalling AED 14.19 billion in Q1-24, marking an …
Financial Results
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2 May 10:10 AM NMDC’s subsidiary awarded $653m project contract
Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), was awarded a project contract valued at $653.17 million. The ADX-listed company highlighted that the engineering and …
Companies Investments
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2 May 09:02 AM Emirates Stallions Group completes acquisition of Sawaeed Holding
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) fully acquired Sawaeed Holding after increasing its stake in the latter by 83.89%, according to a press release. The transaction bolsters ESG’s manpower portfolio and anchors the group’s …
Companies Investments
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30 April 04:10 PM ADNOC L&S to disburse $130m final dividends for 2023
Abu Dhabi – Mubasher: The shareholders of ADNOC Logistics & Services (ADNOC L&S) approved the final 2023 dividend of $130 million (AED 477 million), equivalent to 6.45 fils per share. The cash dividend will be paid to shareholders who own ADNOC …
Cash Dividends
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28 April 12:15 PM Apex Investment swings to profits in Q1-24 interim financials
Abu Dhabi – Mubasher: Apex Investment Company turned profitable at AED 4.27 million in the first quarter (Q1) of 2024, against net losses after tax valued at AED 190.18 million in Q1-23. Revenues hiked to AED 195.32 million in Q1-24 from AED …
Financial Results
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28 April 11:43 AM EasyLease posts over AED 13m net profit in Q1-24
Abu Dhabi - Mubasher: The net profit after tax of EasyLease, a subsidiary of the International Holding Company (IHC), surged to AED 13.01 million in the first quarter (Q1) of 2024 from AED 5.50 million in the same quarter a year earlier. Revenues …
Financial Results
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24 April 04:14 PM RAK Ceramics elects Chairman, Vice Chairman
Abu Dhabi – Mubasher: RAK Ceramics elected Saqr bin Saud bin Saqr Al Qasimi as the Chairman of the board. Fawaz Sulaiman Al Rajhi as the Vice Chairman was announced as the Vice Chairman, according to a bourse disclosure. The board members of RAK …
Corporate Actions
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24 April 02:08 PM AD Ports earmarks $379m investments for Angolan port
Abu Dhabi – Mubasher: AD Ports Group penned agreements with Unicargas and Multiparques to serve the facility and the broader Angolan logistics market AD Ports will acquire an 81% stake in a joint venture (JV) that will operate the terminal in …
Companies Investments
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16 April 01:11 PM Alpha Dhabi to sell majority stake in construction unit to ADQ
Abu Dhabi – Mubasher: Alpha Dhabi Holding entered into a strategic partnership with Abu Dhabi-based investment and holding company ADQ to sell a 49% stake in its subsidiary Alpha Dhabi Construction Holding (ADCH). Under the agreement, the …
Companies Investments
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3 April 12:43 PM EasyLease buys 60% of United Trans to improve mobility solutions in GCC
Abu Dhabi - Mubasher: EasyLease, a subsidiary of the International Holding Company (IHC), has acquired a 60% stake in United Trans, a rail and transportation technology solutions provider. EasyLease seeks to establish synergies between both …
Mergers and Acquisitions
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27 March 04:17 PM RAK Ceramics to pay AED 99.5m dividends for H2-23
Abu Dhabi – Mubasher: The general assembly meeting of RAK Ceramics approved cash dividends amounting to AED 99.37 million, equivalent to 10 fils per share, for the second half (H2) of 2023. The UAE-based company highlighted that the full-year …
General Assembly
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24 March 01:01 PM AD Ports acquires 60% ownership in Georgia-based Tbilisi Dry Port
Abu Dhabi – Mubasher: AD Ports Group signed a purchase agreement with Inveco LLC to acquire a 60% stake in the Tbilisi Dry Port, a new custom-bonded and rail-connected intermodal logistics hub in Georgia. The ADX-listed group will initially invest …
Mergers and Acquisitions
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21 March 12:29 PM Emirates Stallions Group acquires 40% additional stakes in 2 local interior design firms
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG), a multifaceted group in manpower solutions, has acquired an additional 40% stake in each of two leading UAE interior design firms, Vision Factory and Decovision. The recent transactions …
Companies Investments
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12 March 01:37 PM NCTH to acquire 3 units of Alpha Dhabi’s businesses; financials unveiled
Abu Dhabi – Mubasher: The board members of Alpha Dhabi Holding approved an offer from the National Corporation for Tourism and Hotels (NCTH) to acquire the entire shareholding of some of its business units. NCTH plans to own Hill View Resorts in …
Companies Investments
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28 February 10:57 AM Q Holding takes over ADNEC; rebranding unveiled
Abu Dhabi – Mubasher: Q Holding acquired more than 100% of the share capital for Abu Dhabi National Exhibitions Company (ADNEC), according to a press release. The ADX-listed firm reinforced its position in Abu Dhabi’s real estate market by …
Real estate
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19 February 12:26 PM AD Ports sees 13% lower profits in 2023
Abu Dhabi – Mubasher: AD Ports Group posted 13% lower net profits attributable to the owners at AED 1.08 billion in 2023, compared to AED 1.24 billion in 2022, according to the initial financial results. Basic and diluted earnings per share (EPS) …
Financial Results
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15 February 05:54 PM Sharjah Cement turns into profitability in 2023
Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Company turned profitable at AED 1.13 million in 2023, versus net losses amounting to AED 39.60 million in January-December 2022. The company generated revenues standing at AED 634.46 …
Financial Results
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15 February 02:45 PM ADNOC L&S records 138% higher profits in 2023; dividends unveiled
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) registered $620.15 million in net profit during 2023, marking an annual surge of 138% from $260.79 million. The revenues hiked by 41% to $2.75 billion as of 31 December 2023 from $1.95 …
Board of Directors
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14 February 03:05 PM Alpha Dhabi Holding’s profits surge to AED 13.2bn in 2023
Abu Dhabi – Mubasher: Alpha Dhabi Holding logged net profits worth AED 13.28 billion in 2023, higher by 25% year-on-year (YoY) than AED 10.60 billion. The company generated revenues valued at AED 45.41 billion last year, up 14% from AED 40.04 …
Financial Results