14/06/2009 00:00 AST

Emaar Properties PJSC, the United Arab Emirates' largest real-estate company, had its price estimate raised 7.2 percent at Al Mal Capital PSC, which cited the winning of a contract to build the world's tallest tower.

Kingdom Holding Co. yesterday picked Emaar to build Kingdom Tower in a 100 billion-riyal ($26.6 billion) real- estate project in the western city of Jeddah, Saudi Arabia.

"This announcement underscores Emaar's position as the preeminent Middle East developer," Al Mal analyst Bobby Sarkar said in a note to clients today. Al Mal raised the share-price estimate to 4.44 dirhams from 4.14 dirhams.

Emaar rose 5.4 percent to 4.11 dirhams at 10:28 a.m. in Dubai.


Bloomberg

Al Mal to boost staff strength

18/02/2013

Al Mal Capital, a Dubai-based investment bank whose shareholders include members of Abu Dhabi's ruling family, will boost staff by 20 per cent in 2013 as the economy recovers, Deputy Chairman Naser N

Bloomberg

Al Mal Capital Rates Etisalat 'Outperform', du 'Market Perform'

18/06/2009

Al Mal Capital has kept its "outperform" rating on Emirates Telecommunications Corp., and also maintained its "market perform" rating on Etisalat's rival, Emirates Integrated Telecommunications Compa

Khaleej Times

Etisalat, Du Price Estimate Cut at Al Mal

31/03/2009

Emirates Telecommunications Corp. and Emirates Integrated Telecommunications Co., the United Arab Emirates' two phone companies, had their share-price estimates reduced at Al Mal Capital, citing the

Bloomberg

Ticker Price Volume
AMCREIT Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Ticker Price Change
BHMCAPITAL 1.67 0.02 (1.21%)
Doha Bank announces exclusive benefits for NRIs on Visa Platinum Debit Card

10/03/2025

Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit

The Peninsula

Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum

10/03/2025

Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).

This achievement make

Saudi Gazette

Saudi Aramco cuts crude oil prices for Asia

10/03/2025

Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+

Arab News

UDC enters Guinness World Records with three new global achievements on Gewan and The Pearl Islands

09/03/2025

United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema

The Peninsula

Talabat Kuwait denies security breach, says data safe

07/03/2025

Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.

In an official statement, Bader Al-Ghan

Trade Arabia