Multi Sector Holdings - News
Al Anwar Holding to divest from Falcon Insurance
(Oman Daily Observer - 19/01/2017)
Al Anwar Holdings SAOG (AAH), an Oman-based company listed on the Muscat Securities Market, has announced that it will be divesting part of its holding in Falcon Insurance Company SAOC. The company said in a filing to the Capital Market Authority that ...
KHC sells stake in Mövenpick Hotel Ambassador Accra
(Saudi Gazette - 11/01/2017)
Kingdom Holding Company (KHC) chaired by Prince Alwaleed Bin Talal announced that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments ...
UDC inks $200m Qatar project finance agreement
(Trade Arabia - 19/12/2016)
Qatar-based United Development Company (UDC) and The Commercial Bank have signed a QR730 million ($200 million) financing agreement to fund the construction of "Al-Mutahidah Towers", an ambitious development within the company’s flagship project, The ...
Qatar UDC sells key commercial tower for $342m
(Trade Arabia - 15/12/2016)
United Development Company (UDC), the master developer of The Pearl-Qatar, has finalized the sale of The Pearl office Tower 2, one of two iconic commercial towers situated at the entrance of The Pearl within the Abraj Quartier precinct, to a strategic ...
Saudi builder Al-Khodari puts value of delayed work at SR362 million
(Arab News - 23/11/2016)
Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday that projects worth SR362.2 million ($97 million) had been delayed due to factors ranging from clients’ funding shortages to slow visa issuance. Al-Khodari, which ...
UDC plans $329m new projects in Pearl-Qatar
(Trade Arabia - 15/11/2016)
United Development Company (UDC), one of the leading Qatari shareholding companies, has signed contracts worth QR716 million ($197 million) to develop three new projects at its flagship development The Pearl-Qatar. The signing event which was held at the ...
Qatar UDC revenues soar to $356m in Q3
(Trade Arabia - 26/10/2016)
Qatar-based United Development Company (UDC) said its revenues surged to QR1.3 billion ($356 million) in the third quarter, up seven per cent over the same period last year despite the overall challenges affecting the real estate market. Announcing the ...
Mannai’s 9-month net profit at QR343m
(The Peninsula - 24/10/2016)
Mannai Corporation Group results for the third quarter of 2016 (Q3, 16) improved significantly to QR123m net profit, compared to QR103m for the same period last year. Following Mannai’s acquisition earlier this year of a majority stake in GFI ...
Alwaleed Philanthropies launches initiative to empower Saudi youth
(Saudi Gazette - 18/10/2016)
In a unique effort to inspire Saudi youth to embrace their career ambitions, Alwaleed Philanthropies, chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announced the launch of the National Growth Mindset Initiative ‘Yanmu’ in partnership with ...
QIMC to support ‘Made in Qatar 2016’ as a major sponsor
(Gulf Times - 05/10/2016)
Qatar Chamber has signed a sponsorship contract with Qatar Industrial Manufacturing Company (QIMC) for the ‘Made in Qatar’ exhibition to be held in Saudi Arabia from November 6 to 9. The exhibition is being held outside Qatar for the first time and aims ...
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