INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

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.

Altawkilat, Saudi auto distributor expanding into UAE

ALTAWKILAT Chairman and CEO, Eng Mohamed Salahuddeen Abduljawad.
  • ALTAWKILAT is one of the largest automotive distributors in Saudi, with over 75 years of experience
  • It will open its first facility in Abu Dhabi in January 2023, followed by Dubai and Sharjah

Abu Dhabi, UAE– Saudi Arabian automotive distributor, ALTAWKILAT Universal Motors, will open its first Abu Dhabi dealership in January 2023, introducing Hongqi to the United Arab Emirates market as its exclusive distributor. 

With over 75 years of experience serving clientele in Saudi Arabia, ALTAWKILAT represents automotive brands such as Maserati, Infiniti, Chevrolet, GMC, Dongfeng and Hongqi in the region, with a solid network of dealerships and service centers.

By entering the UAE automotive retail market, the company aims to provide products and services to customers through close partnerships with suppliers.

Eng Mohamed Salahuddeen Abduljawad, ALTAWKILAT Chairman and CEO, said: “At our UAE facility, we aim to continue expanding our talent pool, which currently stands at 2,000 employees, who have made ALTAWKILAT the renowned company it is today.”