Abu Dhabi Ship Building PJSC (ADSB)

Abu Dhabi - Mubasher: Abu Dhabi Ship Building (ADSB) has inked a contract worth EUR 1 billion (AED 3.94 billion) to foster the services of the Angolan Navy, according to a press release. Under the deal, ADSB will provide the Angolan Navy with …

Abu Dhabi - Mubasher: Yahsat Government Solutions (YGS), the government arm of Al Yah Satellite Communications Company (Yahsat), has won an AED 24 million contract by Abu Dhabi Ship Building (ADSB) to offer satellite communication services. Under …

Abu Dhabi – Mubasher: The UAE Ministry of Defense (MOD) and UAE Navy have awarded Abu Dhabi Ship Building (ADSB) a AED 3.5 billion contract to build new patrol vessels. The new contract is the largest order received by ADSB, which will manufacture …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has sold a floating dock for vessel drydocking repairs to France-based Grand Port Maritim de Rouen in exchange for $9.4 million. The company has taken this decision, as the facility is …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has entered into a reciprocal agreement with Novamarine, under which ADSB will design, manufacture, and market Rigid-Hulled Inflatable Boats (RHIBs) in the UAE. As per the agreement signed on …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has transferred 105.91 million of its shares registered in the name of Emirates Defence Industries Company to Edge Platforms and Defense Systems. The transfer of the shares to Edge, an advanced …

By: Enas Bahgat Abu Dhabi – Mubasher: Abu Dhabi Ship Building’s (ADSB) stock, listed on the Abu Dhabi Securities Exchange (ADX), has topped the market’s gainers in Tuesday’s mid-trade. By 12:20 pm UAE time, the stock jumped 8.15% to AED 2.92, its …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) announced that Matar Khalfan Ali Al Shamsi has resigned from his position as managing director. Chairman Omar Al Faresi will handle the company’s management temporarily pending the sourcing and …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) turned profitable during the first half of 2019. Net profits amounted to AED 774,000 in H1-19, against net losses of AED 8.9 million in H1-18, according to the firm’s recent filing to the Abu …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has reported a net loss of AED 135.879 million during the full year of 2018 against AED 104.8 million in 2017. The company’s revenue tumbled to AED 455.989 million last year, compared to AED …

Abu Dhabi - Mubasher: Abu Dhabi Ship Building suffered a loss of AED 77.45 million during the third quarter of 2018 against profits of AED 23.74 million in the same period a year ago. During the nine-month period of 2018, Abu Dhabi Ship Building …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSC) has reported a 92.6% year-on-year drop in net profit during the first six months of 2018, recording AED 3.7 million. The company’s revenue also declined to AED 261.5 million in H1-18 versus AED …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) on Monday disclosed that its chief financial officer (CFO) Rizwan Chowdhari has resigned. The company also revealed that Jasem Mohamed Al Marzooqi was appointed as Finance and Business Support …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building’s (ADSB) ordinary general meeting has increased the proposed dividends to 15% of the company’s capital, instead of 10%, according to a company statement released on Sunday. The Abu Dhabi-listed ship …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building's (ADSB) board of directors on Tuesday recommended the distribution of AED 21.2 million ($5.77 million) in cash dividends, representing 10% of the company’s capital for 2017 profits with a dividend per …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) said that it has signed a memorandum of understanding (MoU) with Rolls Royce to provide enhanced naval shipbuilding, repair and refit services across the GCC. The deal also entails the provision …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) posted a rise in its profits by 24.6% year-on-year during the second quarter of 2017, according to a bourse statement. Profits reached AED 40.04 million ($10.89 million) in Q2-17, compared to …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) posted a decline in its profits by 49.8% year-on-year during the first quarter of 2017, according to a bourse statement. Profits reached AED 9.43 million ($2.57 million) in Q1-17, compared to …

Abu Dhabi – Mubasher: The shareholders of Abu Dhabi Ship Building (ADSB) approved on Thursday, 20 April, the board’s recommendation to distribute cash dividends representing 10% of the capital or 10 fils per share for the fiscal year 2016. The …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) said its shareholders approved 10% cash dividends, equivalent to 10 fils per share, for fiscal year 2016, according to a bourse statement. Total dividend payout stands at AED 21.2 million for …

By: Ramy Sameeh Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) is expected to post a growth in revenues by not less than 10% on an annual basis until 2021, CEO Khaled Al Mazrouei said. “Our revenues are currently near AED 1 billion, with …

Abu Dhabi - Mubasher: Abu Dhabi Ship Building reported an increase in losses in the fourth quarter of 2016 by 196.7% to AED 10.8 million from AED 3.46 million in Q4-15. Annual profits declined by 33.4% to AED 57.7 million in 2016 compared to AED …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) inaugurated the company’s floating dry dock in Zayed Port. Begin servicing vessels in July 2016, the floating dock enhanced ADSB’s commercial service offering. The facility has been a key driver …

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) intends to carry out projects worth AED 1.5 billion ($409 million) in 2017, Al Khaleej newspaper quoted the company’s CEO Khaled Al Mazrouei. The company won such projects in the past years, …

Abu Dhabi - Mubasher: Abu Dhabi Ship Building (ADSB) posted a decline in its profits by 56% increase year-on-year during the third quarter of 2016, according to a bourse statement. Profits reached AED 17.56 million ($4.78 million) in Q3-16, …