April 22nd, 2019 | 0 comments Alkhbeaer Capital reported SAR 188 million ($50.13 million) in operating income for fiscal year 2018, according to a statement on Sunday. The Saudi-based asset management company increased its investment in private equity and real estate by 14.8% to SAR 1.5 billion over the course of the previous year. Moreover, the firm’s assets under m...
April 22nd, 2019 | 0 commentsEltizam Asset Management Group announced that it has allocated around AED 200 million for merger and acquisition (M&A) deals that will take place in 2019 and 2020, the company said in a recent statement. The GCC’s leading physical asset management company plans to acquire companies from multiple sectors including facilities management...
April 22nd, 2019 | 0 commentsAbu Dhabi General Services Company (Musanada) unveiled the completion of the “Z35 Roads and Infrastructure Project” at Mohamed bin Zayed City in Abu Dhabi, state-run news agency WAM stated. The project’s total cost amounted to AED 280.7 million. The Z35 project works included the construction of internal roads and infrastructure for resid...
April 18th, 2019 | 0 commentsSaudi officials have reportedly signed an agreement with global architectural design firm Populous for the building of King Salman Sports City in Baghdad, with total investments of SAR 1.5 billion ($400 million), according to Makkah newspaper. Under the agreement, a stadium similar to the stadium of the English football club of Tottenham...
April 18th, 2019 | 0 commentsAbu Dhabi General Services Company (Musanada) on Wednesday announced the completion of the nearly AED 58 million ($15.8 million) Al Aryam Bridge Interchange project in collaboration with the Department of Transport in Abu Dhabi, Emirates news agency (WAM) reported. Situated on Sheikh Khalifa bin Zayed international highway, the project ai...
April 12th, 2019 | 0 commentsEgyptian Iron and Steel (HADISOLB) on Thursday announced generating EGP 966.08 million in revenues during the first nine months of fiscal year 2018/2019. The company’s total sales inched down to EGP 812.13 million by the end of February, compared to EGP 818 million in the prior-year period, according to a filing to the Egyptian Exchange (...
April 12th, 2019 | 0 commentsEmaar Misr on Thursday announced that the company’s board of directors has decided to donate EGP 878 million to national projects implemented by Egypt’s state-run entities. The Egyptian Exchange (EGX) has resumed trading on the company’s stock on Thursday after trading suspension until receiving the board’s decisions. It is worth noting t...
April 11th, 2019 | 0 commentsEmirates Global Aluminium (EGA) announced that it has commenced the operations of Al Taweelah alumina refinery, a new industrial activity for the UAE. Alumina is the feedstock for aluminium smelters and is refined from bauxite ore, the company said in a recent statement. Located in Khalifa Industrial Zone Abu Dhabi, the refinery’s total c...
April 11th, 2019 | 0 commentsArab Contractors’ general assembly has nodded to raise the company’s issued and paid-up capital by EGP 400 million to EGP 6.5 billion from EGP 6.1 billion, the Egyptian housing minister said on Wednesday. The general assembly has also approved the budget scheme for fiscal year 2019/2020 and endorsed FY17/18 financial statements and audits...
April 10th, 2019 | 0 commentsAl Tawfeek Leasing Company - A.T.LEASE (ATLC) announced purchasing a new administrative building at a total value of EGP 82 million on April 8. The building will be located in West Town, Beverly Hills, El Sheikh Zayed city, according to a statement sent to EGX on Tuesday. -Arab Finance
