Dubai: United Electronics Company (eXtra) announces to list a 30 per cent stake in its financial unit, United International Holding Company (UIHC), on the Saudi Exchange (Tadawul). UIHC oversees Tasheel Finance, which…
Tag: company
Abu Dhabi's Masdar buys 50% in US renewable energy company Terra Gen
The remaining 50 per cent in Terra Gen will continue to be held by Igneo Infrastructure Partners. Masdar already has a sizeable presence in the US, through four utility-scale wind projects in Texas…
UAE defence-tech group Edge launches new space focused company 'Fada'
This will be done through a series of national and international partnerships and aiming for ‘vital synergies’ through transfer of technology and transfer of knowledge. On the manufacturing front, Fada FADA will try…
OMNIYAT GROUP launches pioneering development company BEYOND focused on the wider luxury real estate market
Investment house OMNIYAT GROUP has announced the launch of BEYOND, a pioneering development company focused on the wider luxury real estate market. As part of this bold initiative, OMNIYAT GROUP has unveiled…
Oman energy company OQ Exploration and Production to offer 25% in IPO
The IPO will provide ‘investors exposure to a Top 3 oil and gas producer and one of the largest holders of reserves in the Sultanate’, says the company. It has been expanding its…
Abu Dhabi's Taqa buys all outstanding shares in water company SWS Holding for Dh1.7b
In its latest financials, Taqa referenced the contribution of SWS to its growth narrative. “By bringing the treated water business into TAQA, alongside our other water activities of production, transmission and distribution,…
Saudi Arabia jobs: Neom launches massive recruitment drive for green hydrogen company
Neom: Neom Green Hydrogen Company (NGHC), the company building the world’s largest green hydrogen plant at Oxagon, announced plans to launch a massive recruitment drive for its construction and operations phases. The…
Saudi shipping company inks $1b tanker deal
Under the terms of the deal, Bahri will pay 10 per cent upon signing the purchase agreement, with the remaining 90 per cent due upon delivery of the vessels. The company expects…
Al Majed for Oud Company lists 30 per cent stake
The final price for the Initial Public Offering (IPO) will be set following the book-building period, which will take place from August 25 to August 29. On September 15, the company will…
Former CEO of Drake & Scull ordered by Dubai court to pay back company
Dubai: In what is a landmark judgement in UAE corporate history, the Dubai Court of Appeal has rules that Drake and Scull’s former CEO and another official are liable to pay Dh151.97…