Galfar Engineering and Contracting SAOG (GECS)

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News

12 February 2019 10:52 AM Oman’s Glafar wins $1.9m Fahud-Sohar pipeline contract

Mubasher: Omani construction contractor Galfar Engineering & Contracting announced that it has been awarded a contract for a pipeline project by India-based Punj Lloyd. The OMR 753,000 ($1.9 million) deal includes the construction of a 36.5 …

Companies Investments

30 August 2018 00:51 PM Galfar Engineering’s orders hit $1.2bn in H1-18

Mubasher: Galfar Engineering and Contracting has announced that its orders hit OMR 471 million ($1.2 billion) during the first quarter of 2018. Despite the strong order volume, the engineering firm posted a year-on-year decline in revenue and …

Financial Results

1 July 2018 10:27 AM Galfar Engineering registers One Person Company in Kuwait

Mubasher: Galfar Engineering has registered a One Person Company (OPC), which is 100% owned by Galfar Engineering and Contracting, according to a bourse statement on Sunday. The new entity has been registered under the name “Galfar Oman General …

Companies Investments

6 September 2017 03:15 PM Galfar Engineering wins tender worth OMR 2.43m

Mubasher: Galfar Engineering and Contracting on Wednesday announced that it has been awarded a tender worth OMR 2.43 million ($6.29 million), according to a bourse statement. The tender includes the design, supply, and construction of a substation …

Companies Investments

18 July 2017 06:15 PM Galfar Engineering, transport ministry ink OMR 26m deal

Mubasher: Galfar Engineering and Contracting on Tuesday signed a contract with the Omani Ministry of Transport and Communication at a value of OMR 26.24 million. The company has been awarded a 14-month contract for essential works for traffic …

Company News

16 July 2017 11:33 AM Galfar Engineering losses shrink 91% in Q2

Mubasher: Galfar Engineering and Contracting on Sunday reported narrowing its losses by 91.18% in the quarter ended 30 June, compared to the corresponding period of 2016. The Omani company’s losses amounted to OMR 60,000 ($155,180) in Q2-17, down …

Financial Results

3 May 2017 08:26 AM Galfar Engineering Q1 profits slide 95%

Mubasher: Galfar Engineering and Contracting Company on Wednesday reported a 94.6% drop in its profits for the first quarter of 2017, compared to Q1-16. Profits stood at OMR 66,000 ($170,840) in Q1-17, compared to OMR 1.22 million ($3.15 million) …

Financial Results

24 April 2017 07:58 AM Galfar Engineering wins tender worth OMR 17.8m

Mubasher: Galfar Engineering and Contracting has been awarded a tender worth OMR 17.8 million ($46.09 million) by Oman Electricity Transmission Company. The tender relates to the construction of Birkat Al Mouz and Sumail Industrial power stations, …

Companies Investments

22 January 2017 09:46 AM Galfar Engineering trims losses by 73%

Mubasher: Galfar Engineering and Contracting Company’s initial financial results showed a net loss of OMR 7.32 million ($18.96 million) for the fourth quarter of fiscal 2016, 72.65% down from OMR 26.76 million ($69.32 million) for Q4-15. In the …

Financial Results

28 December 2016 10:49 AM Salalah drainage awards Galfar Engineering OMR 13m contract

Mubasher: Galfar Engineering and Contracting Company said Tuesday that it has been awarded a contract worth about OMR 13 million by Salalah Sanitary Drainage Services to upgrade the first and second phases of water reclamation plant (WRP). The …

Companies Investments

22 December 2016 01:42 PM Galfar: IWT paid delay penalty to Muscat City Desalination

Mubasher: Galfar Engineering and Contracting said on Thursday that its associate company International Water Treatment LLC (IWT) paid the applied delay penalty. IWT committed to the award decision in Arbitration proceedings with its client Muscat …

Law

7 December 2016 10:02 AM Galfar awarded contract by Petroleum Development Oman

Cairo – Mubasher: Galfar Engineering and Contracting said it awarded a contract by Petroleum Development Oman in respect to Qarn Alamby off-plot mechanical works. The contract duration is four years with optional extension of further 6 years, said …

Companies Investments

16 October 2016 10:01 AM Galfar Engineering turns profitable in Q3

Mubasher: Galfar Engineering and Contracting posted on Sunday a net profit of OMR 240,000 ($621,180) for the third quarter of fiscal 2016, against a net loss of 2.32 million ($6 million) for Q3-15. In the first nine months of the year, net profit …

Financial Results

25 August 2016 08:06 AM Galfar Engineering awarded OMR60.7m contract

Mubasher: Galfar Engineering and Contracting said it was awarded a contract worth OMR 60.693 million. Under the agreement, Galfar will carry out the marine and road related works at the Construction of Fishery Port project. The contract duration …

Companies Investments

22 August 2016 08:45 AM Haya Water made to pay Galfar OMR 3.64m

Mubasher: Galfar Engineering and Contracting Company said an arbitration award was issued and obligated Oman Wastewater Services Company (Haya Water) to pay to Galfar a total amount of OMR 3.64 million ($9.43 million), according to a bourse …

Law

28 July 2016 01:17 PM Galfar wins OMR 5.3m contract

Mubasher: Galfar Engineering and Contracting Company said Thursday that it has been awarded a contract worth OMR 5.3 million ($13.700 million) by Oman Electricity Transmission Company. Under the contract,  Galfar will be upgrade Adam Grid Station …

Financial Results

16 March 2016 08:34 AM Galfar Engineering wins $298.7m contract

Mubasher: Galfar Engineering & Contracting said it was awarded an on-site construction services for Yibal Khuff project which is owned by Petroleum Development Oman (PDO), according to a bourse statement. The contract has a value of approximately …

Companies Investments

14 February 2016 09:28 AM Galfar Engineering Q4 financials turn negative

Mubasher: Galfar Engineering and Contracting posted a negative turn in the fourth quarter of 2015, registering losses worth OMR 23.3 million ($60.3 million) against profits worth OMR 2.17 million ($5.62 million) in Q4-14. The company’s losses …

Financial Results

4 October 2015 08:36 AM Galfar awarded OMR 365,170 contract

Mubasher: Galfar Engineering and Contracting has been awarded a contract worth OMR 365,170 from Duqm Special Economic Zone Authority. The two-year contract has an option for extension with the same rates for six months, according to a bourse …

Companies Investments

4 October 2015 06:50 AM Award of Contract for Operation and Maintenance of a 2, 000 M3/day Sewage Treatment Plant in Duqm , RO million 0.365

We announce for the information of our esteemed Shareholders and Investors that Galfar has been awarded Contract No. C54/2015 (formerly Tender No. 11/2015) by Duqm Special Economic Zone Authority, for the operation and maintenance of a 2, 000 …

11 August 2015 08:45 AM Oman’s Galfar Engineering H1 profits plunge 99.5%

  Oman – Mubasher: Galfar Engineering said its profits after taxes nosedived by around 99.5% to OMR 10,000 ($25,800) in the first half of 2015, compared to OMR 2.016 million ($5.215 million) in the same period of 2014, according to a filing to the …

Financial Results

15 July 2015 11:32 AM Initial Unaudited Financial Result Jan - Jun, 2015

Initial Unaudited Financial Result Jan - Jun, 2015                       Particulars Parent Company Consolidated H1, 2015 H1, 2014 Change H1, 2015 H1, 2014 Change RO '000 RO '000 % RO '000 RO '000 % Total revenue    162,627    185,573   -12%    …

15 June 2015 10:14 AM Galfar Engineering wins $1.8m water desalination tender

Galfar Engineering and Contracting has been awarded a tender to upgrade Duqm Desalination Plant in Oman for OMR 729,970 ($1.8 million), the company said in a filing to Muscat’s bourse.Rural Areas Electricity Company sent Galfar the letter of award …

Company News

15 June 2015 07:03 AM Award of Tender for Upgrading of Duqm Desalination Plant RO 729, 970

This is to inform our shareholders and investors that Galfar has been awarded Tender No. RAEC-47/2014 on “Upgrading of Duqm Desalination Plant” by the Rural Areas Electricity Company SAOC, vide their Award Letter No. 197/P&C/RAEC/15 dated 14 …

8 June 2015 10:46 AM Call for Press Conference

Galfar Cordially invites, members of the press & media and all stakeholders to a press conference on the subject of the settlement offer for Muscat Express Way and Central Corridor Projects, tomorrow (Tuesday) 09th June at Muscat Securities …