ADQ invests $125m in Aliph Capital’s fund
Abu Dhabi Developmental Holding Co., or ADQ, has invested $125 million in a fund launched by the private equity firm Aliph Capital. Based…
Category: Business & Finance
Ma’aden’s share prices surge over 100%, hit highest level since listing
Saudi Arabian Mining Co., known as Ma’aden’, saw its shares price hitting its highest level since the company went public on the back…
Lucid appoints Faisal Sultan as Middle East VP and MD
US-based electric vehicle manufacturer Lucid Group Inc., in which Saudi Arabia’s Public Investment Fund holds a 60 percent stake, has promoted Faisal Sultan…
UAE In-Focus — Sharjah airport sees passenger growth rate of 141%
Sharjah Airport witnessed a passenger growth rate of 141 percent at the end of the third quarter as the aviation sector shows strong…
Saudi’s Monsha’at announces Sami Al-Husseini as new governor
Saudi Arabia’s Small and Medium Enterprises General Authority, also known as Monsha’at, has announced Sami bin Ibrahim Al-Husseini as its new governor, according…
Cooling services firm Empower plans Dubai IPO after reporting $254m profit
UAE cooling services provider Empower has reported a net profit of 936 million dirham ($254 million) for 2021, an increase of 4 percent…
Dubai to offer 10% of Empower in fourth state-linked IPO this year -Gulf News
Dubai plans to offer 10 percent of Emirates Central Cooling Systems Corporation (Empower) in an initial public offering, according to an advertisement in…
Shares of Saudi Kayan in red as it suffers largest loss since listing in Q3
Saudi Kayan Petrochemical Co. turned to losses of SR812 million ($216 million) in the third quarter of 2022, against profits of SR667 million…
Saudi PIF launches new firm to localize halal production industry
Saudi Arabia’s Public Investment Fund has announced the launch of Halal Products Development Co. aimed at localizing the halal production industry in the…