Corporate news and announcements from the stock markets of Middle East and North Africa.
TECOM Group, the creator of specialised business districts and vibrant communities in Dubai, reported a record revenue of AED 2.2 billion and a net profit of AED 1.1 billion for 2023, up 10% and 49% respectively from the previous year….
ABU DHABI: ADNOC Gas, a world-class integrated gas processing company, has announced a 10-year agreement to supply 0.5 mmtpa of LNG to GAIL India, India’s leading natural gas company. The deal strengthens ADNOC Gas’ global presence, especially in the Asian…
DUBAI, UAE: Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), has announced its acquisition of a 34.3% equity stake in Global Fertility Partners (GFP), a leading network of fertility and reproductive genetics centers across the…
YANBU, KSA: Saudi Aramco Base Oil Company – Luberef has signed a supply agreement with Saudi Aramco Mobil Refinery Company (SAMREF) to receive at least 3000 barrels per day of Heavy Vacuum Gas Oil (HVGO), subject to product availability. The…
RIYADH: Advanced Petrochemical Company announced that its Propylene & Polypropylene plants will undergo a periodic scheduled maintenance from 04/02/2024 to 27/02/2024 by utilizing available Propylene stock, as well as outsourced Propylene. Propylene plant will be restarted from 03/03/2024 after the…
RIYADH, KSA: Lana Medical Company announced the acquisition of 100% of Saham Environmental Services Company, at a value of 5 million riyals. The acquisition is in line with the company’s strategy aimed at expansion and searching for investment opportunities in…
ABU DHABI: AD Ports Group, a global leader in trade, logistics and industry, has signed a shareholders’ agreement with the Aqaba Development Corporation (ADC) to launch Maqta Ayla, a joint venture company that will implement a Port Community System (PCS)…
ABU DHABI: Abu Dhabi National Energy Company PJSC (TAQA), via its fully-owned unit TAQA International BV, has signed final deals with General Exploration Partners Inc. (GEP) to divest its entire share in the Atrush oil field in the Kurdistan Region…
RIYADH: Tabuk Agricultural Development Company has announced the appointment of Eng. Yahya Ahmed Mubaraki as CEO of the company, effective 1st April 2024 AD. Engineer Yahya Ahmed Mubaraki is one of the distinguished young Saudi talents. He holds a Bachelor’s…
ABU DHABI: Abu Dhabi Commercial Bank (ADCB) is establishing a strategic presence in Saudi Arabia, leveraging its strong balance sheet and sophisticated corporate banking capabilities to support a growing client base, and contribute to the deepening of regional economic relationships….
RIYADH: Al Moammar Information Systems Company, a leading provider of IT solutions and services in Saudi Arabia, has decided to allocate 40 million Saudi riyals ($10.7 million) to create an investment portfolio that will target international companies in the field…
DUBAI: Dubai Investments, a leading investment company in the UAE, has announced its first flagship mixed-use development in Africa – the Dubai Investments Park (DIP) Angola. The project, spanning 2,000 hectares, is a unique integrated residential, commercial and industrial hub…