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21/02/2018 07:31 AST
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 and expansion into oil and gasfields.
ADSB is a Public Joint Stock Company, 10 per cent owned by Abu Dhabi's government, 40 per cent owned by Mubadala Investment Company, and 50 per cent publicly traded on Abu Dhabi's Securities Exchange (ADX).
The firm brought in operational changes in naval ship building and small boats construction and services sectors to improve efficiency, according to a statement on Tuesday.
Gulf News
21/02/2017
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
Gulfnews
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 |
|---|---|---|
| PAPER | 175.00 | -7.00 (-3.85 |
| ALPHADHABI | 11.44 | 0.26 (2.32 |
| ADNOCLS | 4.69 | 0.00 (0.00 |
| SALIK | 5.79 | 0.06 (1.04 |
| NMDC | 24.44 | -0.56 (-2.24 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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