INSEAD Day 4 - 728x90

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.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

MA’ADEN, GlassPoint to develop heat plant

When complete, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals. (Pic MAADEN)
  • When completed, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually.
  • This represents more than 50 percent reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4% of MA’ADEN’s overall carbon footprint.

Saudi Arabian Mining Company (MA’ADEN) and GlassPoint signed an MoU to develop the world’s largest solar process heat plant at MA’ADEN’s Alumina refinery.

When completed, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually.

This represents more than 50 percent reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4 percent of MA’ADEN’s overall carbon footprint.

The MOU was signed at MA’ADEN HQ in Riyadh, Saudi Arabia by senior vice president of MA’ADEN’s aluminium business Riyadh Al Nassar and, CEO and founder of GlassPoint Rod MacGregor.

Under this arrangement, MA’ADEN and GlassPoint will work together to develop a more sustainable way to produce aluminium, a crucial metal for many global industries and the energy transition.