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- Presight Q3 revenue up 15.3%; firm accelerates global expansion
- Abu Dhabi Islamic launches debut AED-denominated sukuk for investors
- Al Salam Bank delivers record profitability in Q3
- flynas launches "Saudi Experiences" to boost tourism, support communities
- Adnoc Gas records Q3 net income of $1.3bn, up 8pc
- Jacobs JV with AECOM to deliver design services for Riyadh's The Mukaab
- TAQA reports 9-month profit of $1.66bn
- Asian stocks rise with focus on Fed, tech as US government reopens
- KIPCO reports a net profit of KD 13.4 m for first 9 months
- Ahli Bank issues QAR 500 million bonds
19/09/2025 03:01 AST
Extending Al Maha's relationship with Petroleum Development Oman, which has lasted for more than twenty-five years, the company's Chief Executive Officer, Eng. Hamed bin Salim Al Maghdri, signed a new contract addendum under which the Fahud heavy oil production facility will be supplied with diesel fuel.
The signing of this addendum comes within the framework of strategic cooperation between the two parties to support the continuity of production operations and to ensure the provision of the necessary energy supplies for vital projects in the oil and gas sector.
Under this agreement, an estimated 35 to 40 million litres of diesel are expected to be supplied annually. This contract also reflects the mutual trust between the two companies and affirms Al Maha's commitment to providing reliable services that meet the highest standards of quality and safety.
The Fahud heavy oil production facility is one of the main stations contributing to the enhancement of oil production in the Sultanate of Oman. This agreement will help ensure the stability of its operations, improve efficiency, and support the Sultanate's efforts to achieve sustainability in the energy sector.
Eng. Al Maghdri also emphasised that this step represents a significant addition to Al Maha's record of achievements in the field of fuel supply, and reflects its constant commitment to working hand in hand with Petroleum Development Oman in order to support the national economy and enhance in-country value.
Times of Oman
06/10/2025
Al Maha Petroleum has launched PowerPlus 98, a high-octane petrol (98 RON) designed to meet the needs of modern engines requiring precise combustion and better engine responsiveness. Produced in Oma
Times of Oman
04/08/2025
Takaful Oman and Al Maha Petroleum have partnered to offer Sharia-compliant insurance solutions directly through Al Maha's digital platforms.
The partnership aims to improve accessibility f
Trade Arabia
28/10/2014
The public issue of Al Maha Ceramics, which closed subscription of its OMR7.9 million initial public offering on October 15, has received an overwhelming response with the issue subscribing to the tu
Times of Oman
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14/11/2025
Presight AI Holding, a leading Abu Dhabi-based global big data analytics company powered by AI, has reported another period of strong performance for the third quarter driven by robust international
Trade Arabia
14/11/2025
Abu Dhabi Islamic Bank (ADIB), in collaboration with the Ministry of Finance, has launched the first UAE Dirham-denominated sovereign sukuk for individual investors via the ADIB Smart Sukuk Platform.
Trade Arabia
14/11/2025
Al Salam Bank has announced record profitability for the nine months ended September 30, marking another milestone in its transformation into one of the region's leading and fast-growing financial gr
Trade Arabia
14/11/2025
flynas, a low-cost airline in the Middle East, announced the launch of the "Saudi Experiences" initiative. This is in collaboration with the Saudi Tourism Authority.
The announcement was mad
Trade Arabia
14/11/2025
Adnoc Gas has announced its Q3 2025 results, achieving the highest third quarter net income in its history at $1.34 billion, an 8 per cent increase year-on-year.
Year-to-date net income reac
Trade Arabia
Financial Information Co.
Saudi Arabia