Strong performances across all business verticals, including PureHealth, NMDC and Aldar; Industrial contributes 41% of total revenue
Investment firm
Latest in Investment firm
Business
UAE: Apex Investment PSC reports 625 percent net profit surge in Q1 2024
Apex CEO stated strong results were from the company’s focus on transformation and optimisation in 2023
Amanat Holdings
Amanat Holdings announces record profits and 40% revenue growth in 2023
The company reported record-breaking profits, with net profit soaring by 39 percent year-on-year to AED155 million
Dubai
Dubai Investments nine-month net profit at $222.5 million
Net profit decreased compared to the previous year, the company attributed the decline to adjustments for a one-off gain on the divestment of a share in Emicool
Investment firm
Revealed: The leaders behind Kingdom Holding, Prince Alwaleed’s multi-billion dollar Saudi company
Everything you need to know about the leaders of the investment giant facilitating Saudi Arabia’s Vision 2030
Bahrain
Saudi Crown Prince announces five new PIF-backed funds in Bahrain, Oman, Iraq, Jordan, Sudan
The announcement follows the launch of an Egyptian investment fund in August 2022
Abu Dhabi
ADQ divests 8.6 percent of TAQA shares for $3.6 billion
Abu Dhabi’s Multiply Group makes a major investment, picking up 7.3 percent stake in the utilities company for AED10 billion
Abu Dhabi
Bahrain’s GFH successfully lists on Abu Dhabi Securities Exchange
Listing brings the number of dual listings on the Abu Dhabi Securities Exchange to four
Dubai
Dubai Investments reports 64 percent surge in net profits to $55.13 million in the first quarter of 2022
Growth in net profit and total income in the first three months of 2022 was driven by robust performance across the property and the manufacturing, contracting, and services segments, the firm said
Abu Dhabi
Abu Dhabi’s ADQ, Turkey Wealth Fund support high-growth potential firms with $300mn venture capital fund
The fund will invest in companies developing emerging technologies or improving existing technologies in significant sectors such as energy and utilities, healthcare, life sciences, food, agriculture, mobility, logistics, financial services, and education
Abdulla Mohamed Butti Al Hamed
Abu Dhabi welcomes launch of new global investment holding company
The firm aims to redefine sustainable growth for stakeholders and facilitate innovation-driven networks locally, regionally, and globally
acquisitions
Dubai’s Amanat exploring deals, sees IPO candidates in portfolio
The government plans to list utility DEWA – likely to be the city’s biggest deal – and its Salik road toll collection system
banking technology
Oman’s Phaze Ventures launches $30m fund, eyes UK fintech
Phaze Ventures launches $30m fund to back early-stage start-ups in MENA, Europe and North America in a first for Oman
education investment
National Bonds increases stake in UAE education provider Taaleem
Owned by The Investment Corporation of Dubai, National Bonds is now the largest shareholder of Taaleem
Dubai economy
Dubai Investments reports 9 percent net profit increase for first nine months of 2021
The company’s net profit increased to AED455.6m ($124m) for the first nine months compared to AED418.1m ($113.8m) in the same period last year
Investment firm
Dubai private equity firm lures veteran banker from Credit Suisse
Christian Zouein becomes partner at Levant Capital and will lead the company’s client services team
Amanat Holdings
UAE-based Amanat sees half-year revenues increase nine-fold
GCC’s largest healthcare and education investment company announced profits of AED235.3m ($64.1m) for first six months of the year