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- SICO, SINNAD join FinTech Forward 2025 as gold sponsors
- Bahrain All Share Index closes higher
- OQ Basic Industries to distribute dividends worth OMR17.2mn
- Oman's Islamic banking assets surge to OMR9.1bn
- NBK named 'Leading Corporate for Investor Relations in Kuwait'
- Promising investment opportunities in Oman to be highlighted at business dialogue in Indonesia
- Al Maha Petroleum launches its new premium PowerPlus 98 fuel in Oman
- Oman's trade surplus narrows to RO3.55bn in July
- Saudi German Health boosts relationship with Mayo Clinic
- Al Meera, Kafy in deal to revolutionise food procurement, logistics
16/02/2018 06:07 AST
Eshraq Properties reported a net profit of Dh32.2 million last year compared to a net loss of Dh301 million in 2016.
The company which is involved in the development of various projects in Abu Dhabi and Dubai said that it started the construction of Marina Rise, a 233-apartment project on Reem Island, which is expected to be delivered by the end of 2019. It also finalised the design of its Jumeirah Rise project in Dubai and will award the construction contract in the second quarter of 2018.
Eshraq also made substantial progress in its negotiations with Reem Investments for the acquisition, which is likely to be completed in the second quarter of the year, according to a statement by the company on Thursday.
Gulf News
17/09/2017
The deal for Abu Dhabi-based Eshraq Properties to acquire Reem Investment is expected to be finalised in the next three months and will more than double Eshraq's market capitalisation when complete.<
Gulfnews
31/08/2017
Abu Dhabi developers Eshraq Properties and Reem Investments on Wednesday said they were in advanced stages of merger talks to create the second-largest listed developer in the emirate.
The d
Arab News
14/06/2017
Eshraq Properties said that it has entered into an agreement divesting its equity representing 4.55 per cent of the total capital in Ward Holdings Limited, a company existing under the laws of DIFC (
Gulfnews
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06/10/2025
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with presence in Bahrain, Saudi Arabia, and the UAE; and SINNAD, a subsidiary of BENEFIT Company and a CBB-licensed ancill
BNA
06/10/2025
OQ Basic Industries Corporation (OQ) continues to strengthen its presence as a key driver of economic growth in the Sultanate of Oman, based on a clear vision and a solid strategy.
The compa
Times of Oman
06/10/2025
National Bank of Kuwait (NBK) was distinguished with two prestigious accolades from the Middle East Investor Relations Association (MEIRA) during its annual awards ceremony in Oman. The event, spons
Kuwait Times
06/10/2025
Al Maha Petroleum has launched PowerPlus 98, a high-octane petrol (98 RON) designed to meet the needs of modern engines requiring precise combustion and better engine responsiveness. Produced in Oma
Times of Oman
06/10/2025
Saudi German Health (SGH), one of the region's leading healthcare providers and a pioneer in advancing medical excellence across the Middle East and Africa, announced today a major expansion of its r
Trade Arabia
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