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ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Al-Nefaie named Seera Group CEO

  • Majed bin Ayed Al-Nefaie succeeds Abdullah Al-Dawood.
  • He has been the vice-president of the revenue department at Makkah Construction and Development Co.

DUBAI: Majed bin Ayed Al-Nefaie has been appointed CEO of Seera Group Holding, a travel and tourism group in the MENA region.
Al-Nefaie was designated as the acting CEO of the group in April, succeeding Abdullah Al-Dawood, who was appointed as a managing director of the group.
Before joining Seera Group Holding, Al-Nefaie had been the vice president of the revenue department at Makkah Construction and Development Co. and director of Makkah Hilton Towers for many years.
He also works with several companies operating in the field of tourism and hotel services and is the chairman of the board of Mawasim Investment Group.
Al-Nefaie has a bachelor’s degree in accounting from Umm Al-Qura University in Makkah, and also completed an advanced diploma in hotel management in the US.