Commercial Services - News
StanChart fund to invest $75m in Renaissance unit
(Times of Oman - 21/08/2014)
Renaissance subsidiary Topaz Energy and Marine (Topaz), a leading offshore support vessel company with primary operations in the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico, yesterday announced a $75 ...
Renaissance plans to offload less than 10 per cent stake in Topaz
(Times of Oman - 12/08/2014)
The board of directors of Renaissance Services is considering divesting less than 10 per cent stake in Topaz Energy and Marine (Topaz) in favour of a business house, the company said in its first half yearly results. Topaz Energy and Marine is a ...
Kuwaiti Agility posts KD12.9m profits in Q2
(The Peninsula - 11/08/2014)
Kuwaiti Agility company has realised a net profit of KD12.9m ($45.58m) in the second quarter of 2014, marking a rise of 12 percent compared to the responding period in 2013, the company said. Earnings-per-share hit 11.7 fils. Announcing the company’s ...
Tabreed-MIP consortium acquires Dh1.05b cooling contract
(Khaleej Times - 11/07/2014)
The transaction involves the acquisition of the existing district cooling provider to Al Maryah Island. A consortium comprising the National Central Cooling Company (Tabreed) and Mubadala Infrastructure Partners (MIP) announced that it has acquired a ...
Tabreed wins $286m cooling services contract
(Reuters - 10/07/2014)
UAE's Tabreed is heading a consortium that has acquired a concession to provide district cooling services in Abu Dhabi worth 1.05 billion dirhams ($285.9 million), the firm said on Thursday. The 30-year contract involves buying the existing district ...
Topaz energy and Viking ink life-raft servicing pact
(Times of Oman - 05/06/2014)
Renaissance subsidiary Topaz Energy and Marine, a leading offshore support vessel company and Viking Life-Saving Equipment, a marine and fire safety equipment leader jointly announced the signing of a multi-million dollar, 10-year life-raft servicing ...
Tabreed signs Dh6b district cooling contract with UAE Armed Forces
(Gulf News - 03/06/2014)
National Central Cooling Company, Tabreed, yesterday said it has signed a Dh6 billion contract with the United Arab Emirates Armed Forces (UAEAF) to supply it with district cooling services for the next 20 years. The move marks the renewal of Tabreed’s ...
OIFC board of directors proposes 25% cash dividend
(Times of Oman - 29/05/2014)
The board of directors of Oman Investment and Finance Company (OIFC) yesterday decided to recommend a 25 per cent cash divided amounting to OMR5 million. This is subject to the approval of shareholders of the company at its annual general meeting, the ...
Tabreed expanding through Qatari affiliate
(Gulf News - 26/05/2014)
Dubai-listed National Central Cooling Company (Tabreed) is expanding its Gulf operations through a Qatari affiliate company. Tabreed announced on Sunday that Qatar District Cooling Company (Qatar Cool) has signed a construction contract for a fourth ...
Agility starts Kizad operations
(Gulf News - 26/05/2014)
Integrated logistics company, Agility, has started operating out of its new 11,133 square metre facility in the Kizad Logistics Park in Abu Dhabi. The transaction is Abu Dhabi’s largest private sector warehouse leasing deal, according to a joint ...
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