Sector News

Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Abu Dhabi National Hotels dropped to AED 147.64 million in the first quarter (Q1) of 2023 from AED 152.76 million in Q1-22. The ADX-listed firm posted revenues amounting to …

Abu Dhabi – Mubasher: The net profits attributable to the owners of National Marine Dredging Company (NMDC) hiked by 366% to AED 302.93 million in the first quarter (Q1) of 2023, versus AED 65.38 million in Q1-22. The ADX-listed firm generated …

Abu Dhabi – Mubasher: The shareholders of Abu Dhabi National Hotels greenlighted cash dividends worth AED 200 million, equivalent to AED 0.20 per share, for 2022. The ex-dividend and payment dates will be 24 March and 15 April 2023, respectively, …

Abu Dhabi – Mubasher: The shareholders of Gulf Medical Projects Company (GMPC) approved the board’s recommendation to pay out AED 69.89 million as cash dividends for 2022. The UAE-based firm will disburse a dividend of 10 fils per share, …

Abu Dhabi – Mubasher: Abu Dhabi National Hotels has named Hamad Salem Mohamed bin Louteya Al Ameri as the Chairman of the board. The appointment was announced during the board meeting that was held on 27 February 2023, according to a bourse …

Abu Dhabi – Mubasher: Abu Dhabi National Hotels witnessed an annual leap in net profit to AED 415.09 million in 2022 from AED 272.71 million, according to the financial results. Revenues from contracts with customers widened to AED 1.45 billion in …

Abu Dhabi – Mubasher: National Corporation for Tourism and Hotels (NCTH) registered AED 60.46 million net profits in 2022, lower by 48.82% year-on-year (YoY) than AED 118.14 million. The ADX-listed company generated revenues worth AED 712.67 …

Abu Dhabi - Mubasher: National Marine Dredging Company (NMDC) witnessed net profits attributable to shareholders worth AED 1.30 billion in 2022, higher by 30% year-on-year (YoY) than AED 1 billion. Revenues from contracts with customers reached …

Abu Dhabi – Mubasher: The board of Emirates Driving Company agreed to distribute interim cash dividends worth AED 13.46 million, equivalent to 15% of the paid-up capital, for the fourth quarter (Q4) of 2022. The UAE-based firm will disburse AED …

Abu Dhabi - Mubasher: National Marine Dredging Company (NMDC) won a contract worth AED 1 billion to handle the dredging works in the Suez Canal from the kilometer (km) 122 to 132 in Egypt. The project is forecast to be completed during 2023, …

Abu Dhabi – Mubasher: Abu Dhabi National Hotels achieved net profits attributable to the shareholders worth AED 291.75 million in the first nine months (9M) of 2022, up from AED 87.89 million in 9M-21. The revenues amounted to AED 989.20 million …

Abu Dhabi - Mubasher: National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has signed a purchase order agreement with Abu Dhabi-based Al Gharbia Pipe Company (AGPC) on the sidelines of ADIPEC …

Abu Dhabi - Mubasher: National Marine Dredging Company (NMDC) recorded an annual hike in net profit attributable to the equityholders to AED 703.05 million during the first nine months (9M) of 2022, versus AED 501.04 million. Revenues amounted to …

Abu Dhabi – Mubasher: Abu Dhabi National Hotels registered net profits attributable to the equityholders of AED 262.73 million in the first half (H1) of 2022, higher than AED 75.04 million in H1-21. The company generated AED 722.43 million in …

Abu Dhabi - Mubasher: The unaudited consolidated financial results of National Marine Dredging Company (NMDC) reported a surge in its net profits attributable to the shareholders to AED 403.08 million in the first half (H1) of 2022 from AED 231.03 …

Abu Dhabi - Mubasher: National Petroleum Construction Company (NPCC), wholly owned by National Marine Dredging Company (NMDC), has signed an agreement with France-based Technip Energies to form a new joint venture. The agreement was reached during …

Abu Dhabi – Mubasher: The board of Emirates Driving Company approved the distribution of AED 13.46 million, representing 15% of the capital, as cash dividends for the second quarter (Q2) of 2022. The company will pay AED 0.15 per share for the …

Abu Dhabi – Mubasher: Abu Dhabi National Hotels has removed the foreign ownership limit of its shares, according to a recent disclosure on Abu Dhabi Securities Exchange (ADX). The company pointed out that the new step took effect on Monday, June …

Abu Dhabi - Mubasher: National Petroleum Construction Company, a wholly-owned subsidiary of National Marine Dredging Company (NMDC), has been awarded two projects worth $673.22 million by Saudi Arabian Oil Company (Aramco). National Petroleum wins …

Abu Dhabi - Mubasher: AD Ports Group has reached an agreement with the National Marine Dredging Company (NMDC) to launch a new joint venture, SAFEEN Surveys and Subsea Services. The new company will offer offshore surveys and subsea services, …

Abu Dhabi - Mubasher: The net profits attributable to the shareholders of National Marine Dredging Company (NMDC) jumped by around 38% to AED 65.38 million in the first quarter (Q1) of 2022 from AED 26.54 million in Q1-21, according to the …

Mubasher: PETRONAS Carigali Sdn Bhd, a subsidiary of Malaysia-based PETRONAS, has awarded National Petroleum Construction Company (NPCC) a front-end engineering and design contract for a Carbon Capture and Storage (CCS) project in Malaysia. NPCC, …

Abu Dhabi - Mubasher: National Petroleum Construction Company (NPCC), wholly owned by National Marine Dredging Company (NMDC), won an AED 363 million contract by Taiwan-based Yunneng Wind Power Co. Under the contract, NPCC will install monopiles …