Search Site

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

Fujairah Cement off Boursa Kuwait

Fujairah Cement Industries narrowed its net loss to AED 102.7 million ($28 million) during 2021. (Facebook)
  • Fujairah Cement has obtained approval of Capital Market Authority-Kuwait for voluntary withdrawal from the Boursa Kuwait
  • November 30, 2022, will be the last day for trading the Company's shares in Boursa Kuwait, says Fujairah Cement

Fujairah Cement Industries (PJSC) has obtained approval of Capital Market Authority-Kuwait for voluntary withdrawal from the Boursa Kuwait, the company said in a declaration.

The declaration, posted to the portal of Abu Dhabi Securities Exchange, also highlighted that November 30, 2022, will be the last day for trading the Company’s shares in Boursa Kuwait.

“Fujairah Cement Industries (PJSC) would like to inform its existing shareholders in the Kuwait state (if they so desire) to open an Investor Account with Abu Dhabi Securities Exchange — UAE and transfer their shares for trading,” said Fujairah Cement Industries General Manager Ali Khammas.