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- Saudi firms announce 2024 financial results amid Eid trading break
- Oman Cables 2024 net profit up 19.5pc; sales soar to $697m
- Agility posts solid results for 2024; revenue soars to $5bn
- AD Ports Group records $4.7bn in revenue for 2024
- WEG lands supply contract for $3bn Adnoc infrastructure project
- Qatar's banking sector sees increase in aggregate earnings
- OPEC+ to meet over excess Kazakh oil output
- Oil Updates - crude edges lower as market awaits fresh US tariffs
- Trump announces sweeping tariffs on imports, raising fears of inflation and trade wars
- New Saudi real estate directives reinforce home ownership goals: Finance minister
20/06/2016 07:41 AST
Qatar Navigation (Milaha) has reached a preliminary agreement to buy Qatar Petroleum's stake in oilfield services firm Al Shaheen Holding, Milaha said in a bourse filing on Sunday. Qatar Petroleum hired HSBC in February to advise it on the sale of Al Shaheen as the state-owned Qatari energy giant, grappling with low oil and natural gas prices, seeks to divest from non-core businesses.
Al Shaheen has three joint ventures in oilfield services, two with GE Oil and Gas and one with the Middle East unit of Weatherford. Qatar Navigation said a binding agreement for the transaction had not been finalised but the deal was expected to be in the range of $110 million to $180 million (Dh403.7 million to Dh660.6 million) and would be funded from existing cash reserves. Subject to due diligence and a final agreement, the transaction could close in the fourth quarter of this year, the company added.
Gulfnews
19/03/2018
Milaha (Qatar Navigation) will undertake selective international expansion and cost optimisation with a plan to strengthen the domestic operations this year as part of strategies to generate higher r
Gulf Times
27/02/2018
Qatar Navigation (Milaha) yesterday announced a net profit of QR470m for the full-year 2017. Operating revenues decreased by 2 percent to QR2.491bn for the twelve months ended December 31, 2017, dow
The Peninsula
04/12/2016
Gulf Navigation is considering a significant overhaul in conjunction with two major Chinese shipping firms that will involve expansion into new operating lines, including shipbuilding, and ship repai
The National
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| QGTS | 4.67 | 0.03 (0.64 |
| SAL | 198.00 | -8.00 (-3.89 |
| SGS | 51.60 | -0.10 (-0.20 |
| BUDGETSAUDI | 83.10 | 0.50 (0.60 |
| LUMI | 69.30 | -0.50 (-0.72 |
03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
03/04/2025
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
Trade Arabia
03/04/2025
AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to hit AED17.3 billion ($4.7 billion) and its ebitda (earnings before interest, taxes, depreciation and amortisa
Trade Arabia
03/04/2025
WEG, a leading electric motor, variable frequency drives and gearbox manufacturer, has announced that it will support the Abu Dhabi National Oil Company (Adnoc) set up a 300-km crude oil pipeline pro
Trade Arabia
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
Financial Information Co.
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