Dubai: The new Indian airline, Air Kerala, has confirmed Harish Kutty as CEO to spearhead the launch. He will bring a 35-year track record in the aviation industry, including stints at British…
Tag: confirms
Sharjah developer Arada confirms Australia for Dh6 billion international push
The aim is build over 2,500 homes in Sydney, Australia’s most populous city. The sales and construction for Arada’s initial projects will begin in 2025. “With significant land holdings, the sites will deliver…
DEWA powers up with Dh2.8 billion profit, confirms H1-2024 dividend of Dh3.1b
The company has approved payments of Dh3.1 billion as dividend, which will be paid in October. (The record date for shareholders is October 18.) Under its dividend policy, DEWA expects to pay a ‘minimum’…
UAE food giant Agthia confirms first interim dividend after H1-2024 profit surges 32%
Agthia shareholders will also be liking the margins generated by the company for the period, at 7.5 per cent from a 98 basis point expansion. This came ‘notwithstanding FX headwinds (at its…
Kuwait railway confirms project is in bidding phase
The submissions were then forwarded to the Central Agency for Public Tenders. However, due to the expiration of the board of directors’ term at the Central Agency, procedures were temporarily paused until…
Saudi Arabia confirms plan to sell additional stake in Aramco
Saudi Arabia confirmed plans for a secondary share sale for its giant state-owned oil company in a deal that could raise over $10 billion. The sale of 1.545 billion shares in Saudi…
Abu Dhabi's TAQA confirms Spanish energy firm Naturgy shareholder talks as it eyes full takeover
Private equity firms CVC and GIP each own a further 20 per cent, at a combined value of almost 9 billion euros. TAQA said it is in talks with the pair regarding…
UAE supermarket operator Spinneys' IPO opens April 23, confirms expansion into Saudi Arabia
Dubai: The Dubai-headquartered Spinneys, the supermarket operator and one of the legacy names in the UAE’s retail sector, is offering up a 25 per cent stake via an IPO, which will open…
After Dh837m net profit, Dubai's Union Properties confirms its comeback is well and truly on
“The company continues to improve governance, reforming the corporate culture, reviewing corporate ethics, disclosing corporate information appropriately and enhancing compliance-focused management.” The 2023 financials do present a picture of a business that…
Dubai toll-gate firm Salik confirms 7.33 fils as H2-2023 dividend, total payout at Dh550m
“Salik continues to emerge as a leading toll-gate operator globally,” said Mattar Al Tayer, Chairman of Salik. “Our updated corporate strategy will see the diversification of our revenue streams to supplement the expansion…