Commercial Services - News
Zain Bahrain posts $2.4m Q1 profit; LTE usage surges
(Trade Arabia - 24/04/2016)
Zain Bahrain, a key telecoms provider in the kingdom, posted a BD917,000 ($2.4 million) net profit for the three-month period ending March 31, 2016, as data usage through its state-of-the-art 4G LTE network surged by 121 per cent, the company said. The ...
Amanat acquires 16.02% in an education portfolio through Madaares
(CPI Financial - 18/04/2016)
Amanat Holdings PJSC announced today that it has acquired, through one of its subsidiaries, a 16.02 percent stake in Madaares PrJSC for AED 139.4 million. Through acquiring this stake, Amanat is now among Madaares five largest shareholders. Founded in ...
Kuwait’s Agility beats quarterly profit expectations
(The National - 28/03/2016)
Agility, the Kuwaiti logistics firm, posted a 5 per cent increase in net profit in the fourth quarter last year, beating analyst expectations, as it set a target of reaching earnings before tax, interest, taxes, depreciation and amortization (Ebitda) of ...
National Marine recommends 50 per cent dividend
(Gulfnews - 08/03/2016)
National Marine Dredging Co said its board has recommended to pay a dividend of 50 per cent dividend or 50 fils per share for 2015. This would result in an outgo of Dh250 million, the company said in a statement posted on Abu Dhabi Securities Exchange’s ...
Zain signs BENEFIT accord
(Gulf Daily News - 21/02/2016)
Zain Bahrain, the most innovative operator in the kingdom, has signed an agreement with BENEFIT paving the way for its customers to process online transactions and payments through all retail banks connected with the BENEFIT electronic funds transfer ...
Zain Bahrain net profit up 24.3 per cent
(Gulf Daily News - 10/02/2016)
Bahrain Bourse-listed Zain Bahrain yesterday reported an increase of 24.3 per cent in net profit at BD5.147 million ($13.616m) for the year ended December 31 when compared with BD4.142m in 2014. In a statement the telecoms firm said this reflects ...
Tabreed profit rises 6% to Dh345m
(Gulfnews - 02/02/2016)
The National Central Cooling Company, also known as Tabreed, saw its net profit increase by 6 per cent to Dh345 million in 2015, the company announced on Monday. Tabreed said in a statement that the good performance was driven by its sizeable presence ...
Agility signs $235m 3-year loan with five banks
(Reuters - 16/01/2016)
Kuwait's Agility, the largest logistics firm in the Gulf, has signed an agreement for a $235 million loan with five banks, sources familiar with the matter said on Thursday. The facility, structured as a revolving credit facility, has a term of three ...
Tabreed reduces energy consumption by 1.3 bil kilowatt hours in 2015
(Press Release - 13/01/2016)
National Central Cooling Company PJSC (DFM: Tabreed), the regional district cooling utility infrastructure company, has reduced the amount of energy utilized for cooling in the Gulf Cooperation Council (GCC) by 1.3 billion kilowatt hours during 2015. ...
NMDC backs marine, maritime leaders summit
(Trade Arabia - 12/01/2016)
National Marine Dredging Company (NMDC) has pledged its support to the Abu Dhabi Global Summit of Marine & Maritime Leaders, by becoming the diamond sponsor. The summit will be held on January 20 at The St Regis Saadiyat Island Resort in Abu Dhabi and is ...
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