Company News

Alba hosts delegation from the FDPM Fellowship

(Trade Arabia - 3/15/2018 5:29:00 AM)

Aluminium Bahrain (Alba), an international aluminium smelter, said its position as one of the world’s top aluminium producers and its significant contribution to the Bahrain’s economy were discussed during a visit by the fellows of the FDPM Fellowship to ...

Abu Dhabi cooling firm now fully owned by Tabreed

(Trade Arabia - 3/15/2018 5:23:00 AM)

National Central Cooling Company (Tabreed) has acquired the remaining 50 per cent of the shares in S&T Cool District Cooling Company, a major district cooling provider on Reem Island in Abu Dhabi, UAE, from Aldar Properties.

Tabreed will now ...

Zain Life, new portfolio of innovation and digital solutions

(Arab Times - 3/15/2018 5:20:00 AM)

Zain, the leading telecommunications company in Kuwait, announced the launch of Zain Life, a new brand that offers customers a portfolio of innovative and flexible digital services and solutions in the areas of smart homes, digital entertainment, and ...

NBK Capital Wins the “Best 3-Year Performance for GCC Equity fund” Award for 2018

(Press Release - 3/14/2018 12:42:00 PM)

NBK Capital won a prestigious award by the MENA Fund Manager magazine. The renowned magazine focuses in depth analysis of MENA fund management trends. The award was announced during the Annual Mena Fund Manager Performance Awards ceremony that was held ...

Gulf Capital acquires controlling stake in ACCUMED

(Gulf News - 3/14/2018 7:52:00 AM)

Gulf Capital on Monday said it has acquired a controlling stake in ACCUMED, the revenue cycle management solutions provider to healthcare sector, marking the company’s fourth technology-related investment to date.

No financial details of the ...

IQ set to increase foreign ownership limit to 49%

(Gulf Times - 3/14/2018 7:48:00 AM)

Market heavyweight Industries Qatar (IQ) has announced the increase of foreign ownership limit (FOL) to 49% from 25%, a move that will enthuse foreign funds to enhance their exposure in the country’s capital market.

“This decision comes in line ...

Saudi Aramco says to continue to review options for listing?

(Gulf News - 3/14/2018 6:02:00 AM)

Saudi Arabian Oil Co said it is continuing to review its options for the listing.
The company is also reviewing actively a range of international options in addition to listing on Tadawul bourse.

Aramco’s gas strategy is part of the ...

Saudi Aramco international listing looks increasingly difficult

(Gulf News - 3/14/2018 5:54:00 AM)

Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO) on an international exchange such as London or New York hang in the balance, sources close to the process said.

The ...

Air Arabia shareholders approve 10% cash dividend

(Gulf News - 3/14/2018 5:52:00 AM)

Air Arabia’s shareholders on Tuesday approved the distribution of a 10 per cent cash dividend for the 2017 financial year during the company’s annual general meeting.

The dividend, which is equivalent to 10 fils per share, comes after the ...

Tabreed acquires 50% of Reem Island district cooling plant

(Gulf News - 3/14/2018 5:47:00 AM)

National Central Cooling Company (Tabreed), on Tuesday announced the acquisition from Aldar Properties of 50 per cent shareholding in S&T Cool District Cooling Company on Reem Island in Abu Dhabi for Dh348m.

Tabreed will own 100 per cent of the ...