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- US govt shutdown sends airlines scrambling as travel chaos looms
- NBK wins award of GCC Excellence for Energy Efficiency in Buildings in 2025
- QSE index closes higher
- Gold price in Qatari market decline by 0.40% this week
- Nasdaq Dubai welcomes Binghatti Holding's debut $500m Green Sukuk
- Adnoc Distribution invests $300m yearly in region
- IHC says no plans to sell stake in Aldar Properties
- Aramex resumes deliveries to Syria after ten-year pause
- Parkin posts record Q3, sees better full-year growth on strong revenues
- Qatari firm to invest $29.7 billion in Egypt coastal development
21/02/2017 06:09 AST
Abu Dhabi Ship Building Company (ADSB) plans to double its services business to 50 per cent of its entire portfolio by 2021, days after signing a Dh100 million contract with the UAE Armed Forces, the CEO said on Monday in an interview at Idex.
"The plan between now and 2021 is to enhance our services to 50 per cent of our business without decreasing revenue. Currently, the majority, 75 per cent, of our revenue comes from shipbuilding, whilst the rest comes from services, at 25 per cent," said Khalid Al Mazrouei, CEO of ADSB.
The part-government owned company's shipbuilding business is overwhelmingly made up of military vessels, with only 10 per cent coming from commercial projects.
On Monday afternoon, ADSB officially handed over Al Hili, the sixth and the latest Baynunah-class corvette built by Abu Dhabi Ship Building (ADSB) to the UAE Navy, in the presence of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
"The value of projects we are working to close in 2017 is Dh1.5 billion, from shipbuilding and services. Our pipeline is predominantly made up of military projects, which I cannot announce, but I can say that they are in the final stages of discussions," Al Mazrouei said.
"Some are from the UAE, and some from outside the UAE," he added
Gulfnews
21/02/2018
Abu Dhabi Ship Building (ADSB)'s net profit increased to Dh104.8 million in 2017 from Dh61.3 million in the previous year due to awarding of marine support services contract, cost efficiency measures
Gulf News
25/04/2016
Abu Dhabi Ship Building announced key business results for 2015 at its recent annual general meeting held in Abu Dhabi. ADSB's consolidated revenue for 2015 was Dh791 million, while its net profit
Khaleej Times
24/01/2016
Abu Dhabi Ship Building (ADSB) has won a Dh260 million contract from the Kuwaiti government to build eight boats, as the Arabian Gulf neighbour looks to bolster its maritime patrol and defence capabi
The National
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 10.24 | -0.06 (-0.59 |
| IQCD | 12.30 | 0.30 (2.50 |
| MODON | 3.64 | 0.03 (0.83 |
| ADNOCLS | 5.73 | 0.07 (1.23 |
| ADPORTS | 4.20 | 0.02 (0.47 |
07/11/2025
In a new achievement that confirms its leadership in adopting the highest sustainability standards, National Bank of Kuwait building won the award of Best Financial Building as part of the GCC Excell
Kuwait Times
07/11/2025
Adnoc Distribution Chief Executive Officer Bader Al Lamki said the company earmarks between $250 million and $300 million annually to support organic growth across the three countries where it operat
Trade Arabia
07/11/2025
IHC, the Abu Dhabi headquartered global investment company focused on building dynamic value networks, on Thursday reaffirmed that it does not intend to pursue the sale of its shareholding in Aldar P
Trade Arabia
07/11/2025
Aramex has resumed parcel and freight deliveries to Syria as of 15 September 2025, officially ending a suspension that lasted more than ten years. The move marks a major step in rebuilding trade rout
Gulfnews
07/11/2025
Parkin Company PJSC, Dubai's largest provider of paid public parking, reported record third-quarter results, with revenues up 43% year-on-year to Dh343.3 million, driven by higher tariffs, network ex
Gulfnews
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