Company Insights Abu Dhabi Securities Exchange Markets Abu Dhabi Securities Exchange News Energy NMDC Group to pay $191m dividend as revenue rises The board of Abu Dhabi’s NMDC Group has recommended paying a cash dividend of AED701 million ($191 million) after revenues surged 57 percent year on year to AED 26 billion in 2024, according to UAE state-owned Wam news agency. The payout is subject to shareholders’ approval. If approved, the group’s dividend yield will reach 13 […] February 12, 2025 Exclusive Energy Adnoc Distribution to spend billions on M&A deals Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is looking to deploy $2 billion in potential mergers and acquisitions in the Middle East and beyond, a senior executive has told AGBI. Athmane Benzerroug, Adnoc Distribution’s chief strategy, transformation & sustainability officer, said on Tuesday that with a free cash flow of more than $700 […] February 11, 2025 Leisure & Hospitality Abu Dhabi’s Modon plans to buy UK events company Modon Holding has announced plans to acquire a global events company. Modon, an investment company that is backed by state-owned Abu Dhabi Developmental Holding Company (ADQ), announced on Monday that it plans to complete the acquisition of Theta Bidco, a limited company registered in London that owns 100 percent of Arena Events Group (AEG). The […] February 4, 2025 Manufacturing Gulf ceramics makers poised for 2025 rebound Following a turbulent 2024, the Gulf’s listed ceramics makers should perform better this year thanks to lower customs duties, rising demand for their products and fewer Red Sea shipping disruptions. For equity investors, Oman’s Al Anwar Ceramic Tiles and the UAE’s RAK Ceramics provide a play on the Gulf’s rising population and mega infrastructure spending, […] January 30, 2025 Leisure & Hospitality Alpha Dhabi takes majority stake in ADX-listed hotel operator Alpha Dhabi Holding, which is listed on the Abu Dhabi Securities Exchange (ADX), has acquired a controlling 73.73 percent stake in the National Corporation for Tourism and Hotels (NCTH) via a swap deal. The stake was acquired after selling assets from Alpha Dhabi Hospitality Holding and Murban Energy to Abu Dhabi-listed NCTH in exchange for […] January 30, 2025 Food & Drink Americana acquires Pizza Hut business in Oman Americana Restaurants, the largest food service business in the Mena region, has acquired the Pizza Hut brand in Oman from the Khimji Ramdas Group. The restaurant operator said the acquisition includes 46 Pizza Hut restaurants which had an annual revenue of approximately $11 million in 2024. The additional outlets increase its Pizza Hut restaurants across […] January 24, 2025 Infrastructure UAE’s NMDC Energy bags $1.1bn projects in Taiwan NMDC Energy, an engineering, procurement and construction contractor for energy projects, has won a subsea gas pipeline and power project contract from the state-owned Taiwan Power Company (Taipower) valued at $1.14 billion. The wholly-owned energy subsidiary of NMDC Group will design, construct and install marine pipelines extending between Taichung and Tung-Hsiao on Taiwan’s west coast. […] January 9, 2025 Health UAE’s PureHealth expands US healthcare presence Abu Dhabi-listed PureHealth Holding has expanded its presence in the US healthcare sector. New York Stock Exchange-listed Ardent Health, a subsidiary of PureHealth, acquired 18 urgent care clinics across New Mexico and Oklahoma in the US from NextCare Urgent Care. In May 2023, PureHealth purchased a minority stake in Ardent Health for $500 million. The […] January 7, 2025 Finance Market cap of UAE stock markets top $1trn in 2024 The combined market capitalisation of the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) exceeded AED3.91 trillion ($1.06 trillion) in 2024, compared to AED3.65 trillion at the end of 2023. Growth was driven by a robust economy, foreign investments, and initial public offerings (IPOs), the UAE state-run Wam news agency reported. The ADX […] January 1, 2025 Opinion Banking & Finance Bridging the missing middle of Gulf startup funding As investment opportunities multiply, there will be increasing need for intermediate growth capital December 23, 2024 Posts navigation Previous 1 2 3 4 … 9 Next
Energy NMDC Group to pay $191m dividend as revenue rises The board of Abu Dhabi’s NMDC Group has recommended paying a cash dividend of AED701 million ($191 million) after revenues surged 57 percent year on year to AED 26 billion in 2024, according to UAE state-owned Wam news agency. The payout is subject to shareholders’ approval. If approved, the group’s dividend yield will reach 13 […] February 12, 2025
Exclusive Energy Adnoc Distribution to spend billions on M&A deals Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is looking to deploy $2 billion in potential mergers and acquisitions in the Middle East and beyond, a senior executive has told AGBI. Athmane Benzerroug, Adnoc Distribution’s chief strategy, transformation & sustainability officer, said on Tuesday that with a free cash flow of more than $700 […] February 11, 2025
Leisure & Hospitality Abu Dhabi’s Modon plans to buy UK events company Modon Holding has announced plans to acquire a global events company. Modon, an investment company that is backed by state-owned Abu Dhabi Developmental Holding Company (ADQ), announced on Monday that it plans to complete the acquisition of Theta Bidco, a limited company registered in London that owns 100 percent of Arena Events Group (AEG). The […] February 4, 2025
Manufacturing Gulf ceramics makers poised for 2025 rebound Following a turbulent 2024, the Gulf’s listed ceramics makers should perform better this year thanks to lower customs duties, rising demand for their products and fewer Red Sea shipping disruptions. For equity investors, Oman’s Al Anwar Ceramic Tiles and the UAE’s RAK Ceramics provide a play on the Gulf’s rising population and mega infrastructure spending, […] January 30, 2025
Leisure & Hospitality Alpha Dhabi takes majority stake in ADX-listed hotel operator Alpha Dhabi Holding, which is listed on the Abu Dhabi Securities Exchange (ADX), has acquired a controlling 73.73 percent stake in the National Corporation for Tourism and Hotels (NCTH) via a swap deal. The stake was acquired after selling assets from Alpha Dhabi Hospitality Holding and Murban Energy to Abu Dhabi-listed NCTH in exchange for […] January 30, 2025
Food & Drink Americana acquires Pizza Hut business in Oman Americana Restaurants, the largest food service business in the Mena region, has acquired the Pizza Hut brand in Oman from the Khimji Ramdas Group. The restaurant operator said the acquisition includes 46 Pizza Hut restaurants which had an annual revenue of approximately $11 million in 2024. The additional outlets increase its Pizza Hut restaurants across […] January 24, 2025
Infrastructure UAE’s NMDC Energy bags $1.1bn projects in Taiwan NMDC Energy, an engineering, procurement and construction contractor for energy projects, has won a subsea gas pipeline and power project contract from the state-owned Taiwan Power Company (Taipower) valued at $1.14 billion. The wholly-owned energy subsidiary of NMDC Group will design, construct and install marine pipelines extending between Taichung and Tung-Hsiao on Taiwan’s west coast. […] January 9, 2025
Health UAE’s PureHealth expands US healthcare presence Abu Dhabi-listed PureHealth Holding has expanded its presence in the US healthcare sector. New York Stock Exchange-listed Ardent Health, a subsidiary of PureHealth, acquired 18 urgent care clinics across New Mexico and Oklahoma in the US from NextCare Urgent Care. In May 2023, PureHealth purchased a minority stake in Ardent Health for $500 million. The […] January 7, 2025
Finance Market cap of UAE stock markets top $1trn in 2024 The combined market capitalisation of the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) exceeded AED3.91 trillion ($1.06 trillion) in 2024, compared to AED3.65 trillion at the end of 2023. Growth was driven by a robust economy, foreign investments, and initial public offerings (IPOs), the UAE state-run Wam news agency reported. The ADX […] January 1, 2025
Opinion Banking & Finance Bridging the missing middle of Gulf startup funding As investment opportunities multiply, there will be increasing need for intermediate growth capital December 23, 2024
