Search Site

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Zamil Industrial unit wins AC deal

  • Zamil Industries unit Zamil Air Conditioners has got the contract from Tatweer Buildings Company
  • The contract is worth SAR44.1 million ($11.7 million)

Zamil Air Conditioners & Home Appliances Company has secured a contract worth SAR44.1 million ($11.7 million) from Tatweer Buildings Company, said local reports on Monday, September 6.

The firm, one of the units of Saudi Arabia-based Zamil Industrial Investment Company, has through this deal been contracted to supply air-conditioning systems for government schools across the country, said the local reports.

Under this deal, Zamil Air Conditioners will reportedly supply more than 13,570 AC systems of varying sizes and refrigerating capacities for schools affiliated with the Saudi Ministry of Education.

The contract is expected to have a positive impact on the company’s financial results for the year 2021.

Zamil Air Conditioners was one of the first AC-manufacturing companies to have been established in Saudi Arabia.

Its projects include the Holy Mosque in Mecca, the Abu Dhabi Airport, and the Burj Khalifa Power Station.