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Company News, Business, Energy

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

GAS, SPPC ink two contracts

The contracts are expected to reflect positively on the company's results in 2024 and 2025. (Wikipedia)
By TRENDS Desk
March 3, 2024 7:59 pm
  • The two contracts entail the engineering, procurement and construction of Qassim and Taibah gas pipelines.
  • The first contract is valued at $90 million (SAR341.09 million), while the second is worth $68 million (SAR256.1 million).

ABU DHABI, UAE – Gas Arabian Services Co. (GAS) signed on Sunday two contracts worth US$159 million (SAR598 million), exclusive of VAT, with Saudi Power Procurement Co. (SPPC), according to a filing to Tadawul.

The two contracts entail the engineering, procurement and construction of Qassim and Taibah gas pipelines, the company said, adding that the duration for each contract is 22 months.

The first contract is valued at US$90 million (SAR341.09 million), while the second is worth US$ SAR256.1 million.

The contracts are expected to reflect positively on the company’s results in 2024 and 2025.

There are no related parties to the deal, the statement said.

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