Eastern District Cooling Co. Ltd., a wholly-owned subsidiary of Zamil Industrial Investment Company (Zamil Industrial), has signed with the National Commercial Bank (NCB), the first non-recourse project financing done in the region for a district cooling
Saudi-based Zamil Industrial Investment Company said it has signed a $55 million Murabha finance facility with The National Commercial Bank (NCB) for a district cooling project of its subsidiary Eastern District Cooling Company. This is the first
Eastern District Cooling Co. Ltd., a wholly-owned subsidiary of Zamil Industrial Investment Company (Zamil Industrial), has signed with The National Commercial Bank (NCB) the first non-recourse project financing done in the region for a district cooling
1.The net loss during the Fourth Quarter amounts to SR 9.10 million as against SR 51.13 million for the same quarter of last year, a decrease of 82 %; and, against profit of SR 20.11 million for the previous quarter. 2.The gross profit during the Fourth
Abu Dhabi Ship Building Co., the maker of military and commercial marine vessels, signed an accord with STX Offshore & Shipbuilding Co. and Korea Shipbuilders’ Association to explore collaboration in the field of shipbuilding and related services. “The
Oman Cables Industry (OCI) posted profits after tax of RO 6.6 million for the financial year ended December 31, 2009. Earnings were 4.26 per cent higher compared to the previous year’s profit after tax of RO 6.1 million. At its meeting held on Monday,
Zamil Industrial Investment Company (Zamil Industrial) has announced its consolidated interim financial results for the period ending 31 December 2009: (1) Net profits for the fourth quarter of 2009 were SAR 64 million (USD 17.1 million), compared to SAR
Work on a $1 billion (BD378 million) luxury resort in Bahrain shows no sign of resuming, a year after construction was brought to a halt. The Salam Bahrain Beach Resort and Spa should have been completed on Bahrains southwest coast last summer, but is
Saudi Cable Co. is spending SR557 million ($149 million) to more than double its output capacity by the end of 2010 to improve its cost efficiency and gear up for a recovery in demand in 2011. “We started in 2007 and we are about 75 percent done ... by
Saudi Cable Co., a cables and reels maker, received 160.5 million-riyal ($42.8 million) loan from the Saudi Industrial Development Fund to help finance the cost of a power cable plant expansion. The remaining cost of the 556.6 million-riyal expansion
Saudi Cable Company announces that the Board of Directors of Saudi Industrial Development Fund on 27/12/2009 has approved extending long term loan to the Company amounting to SR 160,500,000 to finance expansion of its Power Cable Plant. This is equal to