SWF of Bahrain reports BHD 52.8 million loss for 2019
Mumtalakat, the SWF of Bahrain, has announced its consolidated financial results for the year ended 31st December 2019, reflecting solid performance.
Diversified and Holding
Dubai’s Sheikh Mohammed merges his holding companies
Dubai’s Sheikh Mohammed merges his holding companies, Meraas Holding and Dubai Holding, to sustain and advance growth through an integrated platform.
Raed Al Rayes tapped as CEO of Dussur
Dussur, a strategic joint venture of the Public Investment Fund, Saudi Aramco and SABIC, announced the appointment of Dr. Raed Al Rayes as its new Chief Executive Officer.
Majid Al Futtaim Holding announces 2018 preliminary results
Majid Al Futtaim Holding, the leading shopping mall, communities, retail and leisure pioneer announced its preliminary and unaudited results for 2018.
Al Qudra Holding records AED 212.4 million profit for 2017
The Board of Directors of Al Qudra Holding announced that the company has achieved great results at all levels and presented its 2017 full activity report for the financial year ending December 31, 2017.
Oman’s Ominvest assigned BBB corporate rating
CI Ratings has assigned initial corporate ratings of ‘BBB’ Long-Term and ‘A3’ Short-Term to Oman International Development and Investment Company (Ominvest).
Tawazun names Tareq Al Hosani as CEO
Tawazun Economic Council has appointed H.E. Eng. Tareq Al Hosani as its CEO as well as the CEO of Tawazun Holding.
ICD announces lower net profit on steady revenues for 2016
Investment Corporation of Dubai (ICD) announced revenues of AED 176.3 billion and a net profit of AED 22.1 billion for 2016.
Senaat revenues slightly down to AED 13.4 billion
Senaat, one of the largest industrial investment holding companies in the UAE, announced financial results for the fiscal year ended 31 December 2016.