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Business

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

ACWA’s investments surge

It is expected that the financial results for these projects will be announced this year. (www.bnreport.com)
By TRENDS Desk
September 30, 2022 2:23 pm
  • The company, which builds power and desalinated water plants, currently has 60 percent of its projects in progress and 40 percent in development stages
  • According to its CFO, Abdulhameed Al-Muhaidib, it has invested $10 billion in the UAE renewable energy, water desalination, and clean gas projects,

Riyadh, Saudi Arabia— ACWA Power of Saudi Arabia has seen its investment portfolio touch $67 billion, according to its chief financial officer.

The company, which builds power and desalinated water plants, currently has 60 percent of its projects in progress and 40 percent in development stages.

In the UAE, it has invested $10 billion in renewable energy, water desalination, and clean gas projects, Abdulhameed Al-Muhaidib told media.

It is expected that the financial results for these projects will be announced this year, he added.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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