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Adnoc to offer 3.1bn shares of Adnoc Gas in Marketed OfferingAbu Dhabi National Oil Company (Adnoc), the current majority shareholder of 90% of the ordinary shares in Adnoc Gas, has announced its intention to offer approximately 3.1 billion of the issued and outstanding share capital of Adnoc Gas. This represents More… |
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Group Amana in deal to boost sustainable data centres in KSAGroup Amana, the regional leader in design-build construction, and Al Moammar Information Systems (MIS) have signed a strategic MoU in a move aimed at fast-tracking Saudi Arabia’s transition into a global digital powerhouse, supporting Vision 2030 through high-performance, sustainable d More… |
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Ewec boosts Abu Dhabi's clean energy future with CECs Q1 auctionEWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing, supply, and system despatch services for water and electricity across the UAE, has announced that it has opened registration for its Q1 2025 Clean Energy Certificates (CECs More… |
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Aljazira Capital, Target launch $266m Saudi real estate fundAljazira Capital, a Saudi-based shariah compliant company specialising in securities business, has announced that it has joined forces with Target for the launch of a major real estate fund with a size exceeding SAR1 billion ($266 million). The new fund, More… |
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Saudi Luberef records solid 2024 results; revenue hits $2.6bnSaudi Aramco Base Oil Company (Luberef), one of the world’s leading suppliers of base oils, has announced solid results for FY 2024 with its revenues for the 12 months surging to hit SAR10.03 billion ($2.6 billion), up 5.8% over the previous year's figure of SAR9.48 billion ($2.5 bi More… |
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Energy Capital Group fund acquires MT EnterprisesEnergy Capital Group (ECG), a Saudi-based investment firm specialising in industrial services and global technologies, has announced the full acquisition of MT Enterprises through its ECG2.0-Fund2. This strategic move strengthens ECG’s industrial s More… |
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Wood wins $120m EPC contract extension with Shell UKJohn Wood Group (Wood) has been awarded a $120 million contract extension by Shell UK Limited to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the UK. The two-year, cost-reimbursable contract extension More… |
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Endress+Hauser maintains Gold status in key sustainability ratingEndress+Hauser, a global leader in measurement and automation technology for process and laboratory applications, has maintained its Gold status, achieving 78 out of 100 points, in the EcoVadis sustainability rating. This combined score puts Endress+Hauser amo More… |
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Parsons snaps up $475m Saudi Arabia, UAE contractsParsons has announced that it had secured major contracts worth $475 million from the key markets of Saudi Arabia and UAE during the fourth quarter of 2024. An American multinational technology-focused defence, intelligence, and infrastructure engineering comp More… |
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Acwa Power signs $3.5bn Saudi CCGT power plant contractAcwa Power Company has announced the signing of a power purchase agreement worth SAR13.4 billion ($3.5 billion) with Saudi Power Procurement Company (SPPC) for large-scale combined cycle gas turbine (CCGT) power plant located in the Eastern province. More… |
