Drake & Scull: We are focused on obtaining court approval to be able to restructure

Dubai – Mubasher: Shafeeq Abdel Hamid, Chairman of the Board of Directors, said: “Drake and Scull“The company is currently focusing on obtaining the approval of the competent court to be able to implement the restructuring plan. He pointed out that the court decided to appoint an expert to review the validity of the measures taken … Read more

International Holding completes the “Adani” group deal worth 7.3 billion dirhams

Abu Dhabi – Mubasher: Global Holding Company announced today the completion of an investment deal worth 7.3 billion dirhams ($2 billion) in the portfolio of the Adani group of companies, which is “Adani Green Energy Limited”, “Adani Transmission Limited” and “Adani Enterprise Limited”. The global holding company will provide capital to Adani Green Energy Limited, … Read more

Aldar Properties: We look forward to increasing investment in Egypt

Abu Dhabi – Mubasher: Talal Al Dhiyebi, CEO of Aldar Real Estate Group, announced that the company achieved very strong results in terms of revenues and profits in the first profit of 2022, which witnessed the addition of the results of the Egyptian “SODIC” after its acquisition last year. In an interview with Al Arabiya, … Read more

ACWA Power CEO: We look forward to expanding green hydrogen projects in other countries

Riyadh – Mubasher: The CEO of . confirmed Aqua PowerPaddy Badmentan, that the company is looking to expand in hydrogen projects similar to the company’s project in the Kingdom in two other countries. Badmintan said, in an interview with “Al Arabiya” channel, today, Sunday, that these projects are the same size as the NEOM green … Read more

UAE PMI records strong growth in March

Abu Dhabi – Mubasher: The data of the Purchasing Managers’ Index study in the UAE indicated (SMEs) to another strong expansion in the non-oil economy in March 2022. The main Purchasing Managers’ Index (PMI) in the UAE issued by the agencyS&P Global, today, Tuesday, scored 54.8 points for the second consecutive month in March 2022, … Read more

The Jordanian “Petroleum Refinery” approves the distribution of cash dividends of 25% of the capital

direct: In the disclosure that the company listed on the Amman Stock Exchange, the Jordan Petroleum Refinery Company’s board of directors recommended distributing 25% in cash from the paid-in capital, i.e. 250 fils per share, the net tax for the share owner duly registered in the company’s records. And the CEO of the Jordan Petroleum … Read more

BCI earns 57.7 million riyals in 2021 with sales support

Riyadh – Mubasher: The annual financial statements of Basic Chemical Industries “BCI” revealed that it achieved an increase in its net profits during 2021 by 12.76%, due to an increase in sales. According to the company’s financial statements today, Wednesday, on “Saudi Tadawul”, the net profit after zakat and tax amounted to about 57.72 million … Read more

Union Properties: Revenue from the company’s contracts with customers will increase by 6.1% by the end of 2021

Dubai – Mubasher: The revenues of Union Properties contracts with customers increased by 6.1% to reach 398.70 million dirhams in 2021 compared to the previous year.. The company attributed this, in a disclosure to the Dubai Stock Exchange, to the recovery of the real estate sector in the country after the gradual lifting of the … Read more