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- KKR among asset managers vying for Abu Dhabi's district cooling business, sources say
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16/02/2018 06:03 AST
Arkan Building Materials Company posted a net profit of Dh30.2 million for 2017 compared to a loss of Dh82.3 million in the previous year.
The company attributed increase in profits to assets write off of Dh158 million taken on the closure of the Emirates Cement Factory.
"Net profit was also impacted by the increase in gas and electricity prices enforced last year by Dh78 million and the completion of the accounting treatment of the benefit from the government grant of Dh18 million received in July 2011," the company said.
The company's revenue also increased by 12 per cent to Dh908.6 million in 2017, compared to Dh812.8 million in 2016 due to improvement in sales across all product lines with pipes, blocks and dry mortar performing well.
Gulf News
27/02/2025
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has announced the launch of its Asset Enhancement Programme - a strategic initiative with a CapEx
Trade Arabia
24/10/2016
UAE-based Arkan Building Materials Company said it has won approval from the board of directors to open up its share register to foreign ownership.
A leading construction materials company
Trade Arabia
12/01/2016
Arkan Building Materials Company (Arkan), a leading construction and building materials company in the UAE, has appointed Abdelaziz Asad as its new chief operating officer.
Asad, a UAE nat
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.04 | 0.06 (0.54 |
| IQCD | 12.57 | 0.03 (0.23 |
| ADNOCLS | 4.38 | 0.04 (0.92 |
| NMDC | 23.68 | -0.20 (-0.84 |
| ADPORTS | 3.93 | 0.02 (0.51 |
19/04/2025
KKR (KKR.N), and I Squared Capital are among global asset managers bidding for a district cooling business owned by Abu Dhabi's Multiply Group, part of a $1.5 trillion empire overseen by one of the
Reuters
19/04/2025
Commercial Bank, a leader in innovative digital banking solutions in Qatar, has officially launched CB Analytics Academy Program. This specialized program has been designed for nationals seeking to e
The Peninsula
19/04/2025
stc group celebrates the fifth consecutive year as Title Partner, blending cutting-edge technology with the excellence of motorsport.
Advanced 5G network, smart IoT services, and AI-integrat
Saudi Gazette
18/04/2025
Batelco, a part of Bahrain's leading digital solutions provider Beyon Group, has partnered with Nokia, a global leader in network technologies, up to deploy the kingdom's first private 5G network for
Trade Arabia
18/04/2025
As part of its ongoing efforts to create an ideal work environment that reflects its deep commitment to employee wellbeing and work-life balance, Gulf Bank has announced a reduction in daily working
Kuwait Times
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