Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of global Shell plc, completing the sale of its 77.42 per cent interest…
Tag: Holding
Modon Holding partners with LuLu to develop retail facilities in the UAE and Egypt
Abu Dhabi: Modon Holding has partnered with LuLu Retail to develop and operate hypermarkets and other retail facilities in the UAE and Egypt. Modon Holding will leverage its expertise in large-scale project…
ADQ appoints Modon Holding as master developer for Ras Al Hekma megaproject in Egypt
Matrouh, Egypt: In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Excellency Abdul Fattah Al Sissi, President of Egypt, Abu Dhabi-based investment and…
Abu Dhabi's ADQ buys 49% in Alpha Dhabi Construction Holding
The flagship construction entity within Alpha Dhabi Holding is Trojan Construction. “The new partnership combines the expertise and capabilities of ADCH and ADQ,” said a statement. According to Hamad Al Ameri, CEO…
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,…
Abu Dhabi's ADQ-owned Silal to buy leading fresh produce distributor Al Bakrawe Holding
Established in 2002 in the UAE, Al Bakrawe Holding is one of the region’s largest distributors of fruits and vegetables, handling over 49,000 20-foot equivalents (TEUs) annually. It supplies to most of…
Modon Holding reports H1-2024 net profit of Dh8.7 billion after $12 billion merger
Abu Dhabi: Modon Holdings PSC, formerly Q Holding, has delivered revenues of Dh2.2 billion, a year-on-year increase of 333 per cent, and gross profit of Dh833.2 million, a year-on-year increase of 277…
Ras Al Khaimah's landmark Cove Resort is sold by Orascom Development Holding
An ADGM-based special purpose vehicle, the Cove Resort Holdings Ltd. is a, wholly owned by Saqr Kamal Hasan, a UAE-based businessman and investor. “This acquisition comes at an ideal time as Ras Al…
Abu Dhabi's Q Holding completes ambitious real estate consolidation with ADQ, IHC
It was in 2023 that the contours of the real estate asset consolidation under Q Holding was first announced. Both ADQ and IHC held extensive real estate interests. The full-scale consolidation under…
Abu Dhabi's Ghita Holding buys 44% stake in Turkey's MNG Airlines in major regional push
“This partnership not only expands our logistical capabilities but also strengthens our commitment to supplying our customers with the highest quality products, sourced from around the globe,” said Falal Ameen, Group CEO of…