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- Dubai gold price drops - again - ahead of April 30's 'Akshaya Trithiya'
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- Arab Bank Group profits grow 7% to $271m in Q1
11/10/2017 08:41 AST
Qatar Industrial Manufacturing Company (QIMC) yesterday announced its acquisition of United Development Company's (UDC) stake in Gulf Formaldehyde Company (GFC). As per the deal, the UDC will sell its 400,000 shares in GFC, representing 10 percent of GFC capital, to QIMC. This will increase QIMC's shareholding in Gulf Formaldehyde from 20 percent to 30 percent.
Abdulrahman Al Ansari, Chief Executive Officer of QIMC said: "We are committed to strengthen our investment portfolio in the industrial sector as an active private sector company. QIMC hopes that this transaction will have a positive impact on the company's profits and shareholders' dividend in the long run". GFC was established in 2003, with a capital of QR40m, between QAFCO, QIMC and UDC.
QNA
13/02/2018
Industries Qatar (IQ), one of the region's industrial giants with interests in the production of a wide range of petrochemical, fertilizer and steel products, reported a net profit of QR3.3bn and ear
The Peninsula
12/02/2018
Qatar Industrial Manufacturing Company (QIMC) has posted a net profit of QR206.1m for the year ended December 31, 2017, up from QR193.8m reported a year ago. The total equity of the company's shareho
The Peninsula
20/10/2017
Abraj Al Tahwiliya', Qatar Industrial Manufacturing Company's (QIMC) mixed-use development, is set to be a vibrant new addition to Doha's iconic Corniche skyline, which is expected to be completed by
The Peninsula
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 10.94 | 0.00 (0.00 |
| IQCD | 12.37 | 0.22 (1.81 |
| ADNOCLS | 4.40 | 0.02 (0.45 |
| NMDC | 24.04 | 0.20 (0.83 |
| ADPORTS | 3.90 | 0.01 (0.25 |
28/04/2025
Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced on Sunday the bank's financial results for the period ending 31 March, 2025.
For the first three months
Saudi Gazette
28/04/2025
stc announced its preliminary financial results for the period ending March 31, 2025, highlighting strong performance across key metrics.
Revenues for the first quarter reached SR19,210 mill
Saudi Gazette
28/04/2025
Arab Bank Group has reported solid results for the first quarter of 2025, with 7 % increase in net income after tax reaching $ 271 million, compared to $252.8 million for the same period last year.
Trade Arabia
28/04/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has cemented its position as a regional leader in industrial innovation by becoming the first aluminium smelter in the Mid
Trade Arabia
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
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