INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.