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- Bahrain All Share Index, Islamic Index close lower
- Omantel launches "Otech" as provider of technologies of future, enabler of digital transformation
- Three industrial projects begin operations in Salalah Free Zone with investments exceeding OMR5 million
- NBK concludes Its Participation in the Innovation Challenge Program
- Oman signs concession agreement for Offshore Block (18)
- Batelco by Beyon, GCCIA extend partnership to strengthen regional connectivity
- Adnoc Drilling net profit tops $1.45b as it sets sights on regional expansion
- Investcorp Capital H1 operating income up 16% to $52m
- Taqa records total net income of Dh7.5 billion for 2025
- Oil prices tumble more than $1 as IEA cuts demand forecast
21/02/2017 06:09 AST
Abu Dhabi Ship Building Company (ADSB) plans to double its services business to 50 per cent of its entire portfolio by 2021, days after signing a Dh100 million contract with the UAE Armed Forces, the CEO said on Monday in an interview at Idex.
"The plan between now and 2021 is to enhance our services to 50 per cent of our business without decreasing revenue. Currently, the majority, 75 per cent, of our revenue comes from shipbuilding, whilst the rest comes from services, at 25 per cent," said Khalid Al Mazrouei, CEO of ADSB.
The part-government owned company's shipbuilding business is overwhelmingly made up of military vessels, with only 10 per cent coming from commercial projects.
On Monday afternoon, ADSB officially handed over Al Hili, the sixth and the latest Baynunah-class corvette built by Abu Dhabi Ship Building (ADSB) to the UAE Navy, in the presence of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
"The value of projects we are working to close in 2017 is Dh1.5 billion, from shipbuilding and services. Our pipeline is predominantly made up of military projects, which I cannot announce, but I can say that they are in the final stages of discussions," Al Mazrouei said.
"Some are from the UAE, and some from outside the UAE," he added
Gulfnews
21/02/2018
Abu Dhabi Ship Building (ADSB)'s net profit increased to Dh104.8 million in 2017 from Dh61.3 million in the previous year due to awarding of marine support services contract, cost efficiency measures
Gulf News
25/04/2016
Abu Dhabi Ship Building announced key business results for 2015 at its recent annual general meeting held in Abu Dhabi. ADSB's consolidated revenue for 2015 was Dh791 million, while its net profit
Khaleej Times
24/01/2016
Abu Dhabi Ship Building (ADSB) has won a Dh260 million contract from the Kuwaiti government to build eight boats, as the Arabian Gulf neighbour looks to bolster its maritime patrol and defence capabi
The National
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 9.39 | 0.03 (0.32 |
| IQCD | 12.06 | -0.03 (-0.25 |
| MODON | 3.40 | 0.03 (0.89 |
| ADNOCLS | 5.75 | 0.05 (0.87 |
| ADPORTS | 4.49 | -0.01 (-0.23 |
13/02/2026
Omantel yesterday launched "Otech," the Provider of Technologies of the Future and Enabler of Digital Transformation. This move comes as part of national efforts to accelerate digital transformation
Times of Oman
13/02/2026
The National Bank of Kuwait concluded its participation in the Innovation Challenge Program, organized by the Kuwait Foundation for the Advancement of Sciences, for the tenth consecutive year, in col
Kuwait Times
13/02/2026
Batelco by Beyon has announced the renewal of its strategic partnership with the Gulf Cooperation Council Interconnection Authority (GCCIA) during Capacity Middle East.
This renewal undersc
Trade Arabia
13/02/2026
Adnoc Drilling reported its strongest year on record in 2025, posting a net profit of $1.45 billion as the company accelerated its regional expansion, ramped up technology-driven efficiencies and del
Khaleej Times
13/02/2026
Investcorp Capital (ICAP), an Abu Dhabi Securities Exchange (ADX)-listed alternative investment company founded by the Investcorp Holdings group, reported a total operating income of $52 million, an
Trade Arabia
Financial Information Co.
Saudi Arabia