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- Aldar raises $2.45bn in sustainability-linked credit facility
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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 | Change |
|---|---|---|
| QGTS | 4.32 | -0.01 (-0.33 |
| SAL | 279.40 | -1.20 (-0.43 |
| SGS | 51.00 | 0.70 (1.39 |
| BUDGETSAUDI | 84.80 | 0.00 (0.00 |
| LUMI | 77.50 | 0.70 (0.91 |
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.