14/06/2009 00:00 AST

Emaar Properties PJSC, the United Arab Emirates' largest real-estate company, had its price estimate raised 7.2 percent at Al Mal Capital PSC, which cited the winning of a contract to build the world's tallest tower.

Kingdom Holding Co. yesterday picked Emaar to build Kingdom Tower in a 100 billion-riyal ($26.6 billion) real- estate project in the western city of Jeddah, Saudi Arabia.

"This announcement underscores Emaar's position as the preeminent Middle East developer," Al Mal analyst Bobby Sarkar said in a note to clients today. Al Mal raised the share-price estimate to 4.44 dirhams from 4.14 dirhams.

Emaar rose 5.4 percent to 4.11 dirhams at 10:28 a.m. in Dubai.


Bloomberg

Al Mal Capital REIT announces Dh20.55 million final dividend for the financial year 2024

21/03/2025

Al Mal Capital REIT (AMCREIT), the first REIT listed on DFM, regulated by the Securities and Commodities Authority, and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments, has announced

Khaleej Times

Al Mal to boost staff strength

18/02/2013

Al Mal Capital, a Dubai-based investment bank whose shareholders include members of Abu Dhabi's ruling family, will boost staff by 20 per cent in 2013 as the economy recovers, Deputy Chairman Naser N

Bloomberg

Al Mal Capital Rates Etisalat 'Outperform', du 'Market Perform'

18/06/2009

Al Mal Capital has kept its "outperform" rating on Emirates Telecommunications Corp., and also maintained its "market perform" rating on Etisalat's rival, Emirates Integrated Telecommunications Compa

Khaleej Times

Ticker Price Volume
AMCREIT Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Ticker Price Change
AMR 2.19 -0.04 (-1.80%)
ADNH 0.52 0.00 (0.00%)
ADAVIATION 5.30 0.01 (0.18%)
IFAHR 1,479.00 -32.00 (-2.12%)
TAALEEM 3.66 0.06 (1.66%)
Adnoc Distribution to operate 500 high-power EV chargers by 2028

26/04/2025

Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p

Trade Arabia

Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group

25/04/2025

Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,

Saudi Gazette

Dubai logistics firm Aramex CEO Othman AlJeda resigns

24/04/2025

The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.

The change at the top comes just weeks after Abu Dhabi

Gulfnews

UAE banks continue to hit high growth in Q1-2025, with ADIB's net profit at D1.9b

24/04/2025

The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.

Gulfnews

Salalah Port welcomes eco-friendly container ships

24/04/2025

Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom

Times of Oman