Commercial Services - News
Tabreed's H1 profit rises on lower costs
(Khaleej Times - 24/07/2015)
National Central Cooling Company, or Tabreed, posted a three per cent net profit growth in the first half to Dh153 million on the back of lower finance costs and new business growth. The district cooling utility infrastructure company said core chilled ...
Adnec signs partnership deal with Agility
(Trade Arabia - 12/07/2015)
Abu Dhabi National Exhibitions Company (Adnec) said it has signed a five-year strategic partnership deal with Agility’s Fairs and Events, a division of Agility Global Integrated Logistics. Kuwait-based Agility is one of the largest integrated logistics ...
Tabreed completes $272m convertible bonds buyback
(Arab News - 08/07/2015)
DUBAI: National Central Cooling Co. (Tabreed) has completed the repurchase of convertible bonds worth 1 billion dirhams ($272 million) from a unit of Abu Dhabi fund Mubadala, the company said in a bourse filing on Monday. The bonds were held by MDC ...
Renaissance shareholders approve bond buyback scheme
(Times of Oman - 07/07/2015)
Shareholders of Renaissance Services have approved the company’s Mandatory Convertible Bonds (MCB) buyback scheme and the issuance of perpetual notes to buyback the MCBs at an extraordinary general meeting here on Monday. Renaissance held meetings with ...
Renaissance shares resume trading on Muscat bourse
(Times of Oman - 30/06/2015)
Oman’s Muscat Securities Market (MSM) resumed trading of Renaissance Services shares on Monday, revoking an earlier trading suspension clamped on Thursday afternoon. Renaissance Services last week announced that BP had awarded its Consolidated Camp ...
Renaissance confident of meeting long-term growth
(Times of Oman - 29/06/2015)
Renaissance Services is an Omani multinational firm listed firm on the Muscat Securities Market (MSM), with a strong presence in oil servicing field. The company’s chief financial officer (CFO) Vishal Goenka talks to Times of Oman on the company’s ...
Topaz eyes expansion into South America
(Times of Oman - 28/06/2015)
Topaz Energy and Marine is eyeing expansion into South America in the next two years as the Dubai-based oil services firm looks beyond the current difficulties in the sector caused by the lower oil price, its chief executive said.
Renaissance subsidiary awarded BP Khazzan camp facilities contract
(Times of Oman - 25/06/2015)
Renaissance Services has announced that BP has awarded the contract for Consolidated Camp Facilities Management to Renaissance 100 per cent subsidiary, Tawoos Industrial Services Company (TISCO).
The contract is for the provision of catering, ...
Agility plans $225m investment in UAE mall
(Reuters - 25/06/2015)
Kuwaiti logistics firm Agility said one of its subsidiaries has reached an agreement with National Real Estate Company to invest $225 million in a shopping mall in Abu Dhabi, UAE.
The mall will be a partnership project in which investment ...
Agility unit to invest $225m into Reem Mall
(The National - 22/06/2015)
A subsidiary of the Dubai-listed logistics company Agility yesterday said it would invest up to US$225 million over the next three years in a mall being built by National Real Estate Company (NREC) in Abu Dhabi. United Projects for Aviation Services ...
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