Press Release: ADNOC Distribution Expands Presence in Egypt: Unveils Three New Service Stations Abu Dhabi, UAE – September 23, 2023: ADNOC Distribution (ADX: ADNOCDIST), the UAE’s leading fuel and convenience retailer, continues its strategic expansion into international markets with the inauguration of three ADNOC-branded service stations in Egypt. Positioned strategically across Greater Cairo, these stations…
ACWA POWER 2082 ACWA Power Co. announces the receipt of Conditional award notification from the Saudi Power Procurement Company (SPPC) for Taiba 1 and Qassim 1 IPPs CCGT projects with a total Capacity of 3.6 GW to the consortium of ACWA Power Co. and SEC (The Consortium) Date of Award 2023-10-24 Corresponding to 1445-04-09 Project…
SAUDI ELECTRICITY : 5110 Announcement Detail Saudi Electricity Company (SEC) to Expand Rabigh Combined Cycle Power Plant In an official announcement, the Saudi Electricity Company (SEC) revealed its plans to implement the expansion project of the Rabigh combined cycle power plant by an additional 1.2GW combined cycle units. This decision follows the approval granted by…
Market Announcement & Disclosure: TAWUNIYA 8010 Tawuniya Secures Contract to Provide Health Insurance Services to Saudi Telecom Company Group The Company for Cooperative Insurance, widely known as Tawuniya, has announced a significant milestone in its operations. On October 1, 2023 (corresponding to 1445-03-16), Tawuniya received a firm order from the Saudi Telecom Company Group to…
Press Release: source Zain FinTech and Al Ansari Financial Services Forge Strategic Partnership In a bid to redefine the remittance experience for customers and propel the region’s digital ecosystem forward, Zain FinTech, the financial services arm of Zain, and Al Ansari Financial Services PJSC have entered into a Memorandum of Understanding (MoU). This landmark collaboration,…
*MoU will lead to enhanced payment services in the UAE Press release: In a move set to revolutionize the financial technology sector, Beyon Money, a part of the Beyon Group, and MBME Pay, a leading payment service provider, have inked a Memorandum of Understanding (MOU) aimed at streamlining payment processes and enhancing customer convenience. The…
9M’23 Net profit at AED 209 Million, up 76% YoY3rd quarter Net profit increases 35% sequentially Press release: United Arab Bank (UAB) Reports Strong Financial Performance for 9M’23 United Arab Bank (UAB) has announced robust financial results for the nine months ending on September 30, 2023, showcasing continued growth across its core businesses and the…
GFH Financial Group Expands Healian Healthcare Platform with Strategic Acquisition in Saudi Arabia GFH Financial Group (“GFH”), a leading financial group, has announced the expansion of its flagship regional healthcare platform, Healian, with the acquisition of a 60% equity stake in one of the largest hospitals in the South of the Kingdom of Saudi Arabia….
GFH Financial Group Acquires Leading Food Services and Logistics Business in Saudi Arabia Manama – xx October 2023: GFH Financial Group (“GFH”) has announced the signing of an agreement to acquire a prominent food services and logistics business in the Kingdom of Saudi Arabia (“KSA”). The acquisition, with an enterprise value of approximately SAR 500…
Time Line Investcorp Capital plc Announces Intention to Float on Abu Dhabi Securities Exchange (ADX) Investcorp Capital plc (Investcorp Capital) has revealed plans for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), marking a unique opportunity for eligible investors to access Investcorp Group’s extensive sourcing capabilities and specialized investment expertise. The…