Browsing: operational efficiency

EHC Investment, through its energy arm Emirates International Gas (EIG), has fully acquired Al Fanar Gas Group, Abu Dhabi’s largest gas distributor and a leading service provider in the UAE.

Burjeel Holdings, a leading super-specialty healthcare provider in MENA and listed on the Abu Dhabi Securities Exchange, has announced that its board has authorised management to assess a potential share buyback of up to 10% of the group’s share capital.

Etihad Airways delivered a robust financial performance in 2024, recording a net profit of AED 1.7bn ($476m), driven by significant growth in passenger and cargo revenues.

IHC, a global investment firm focused on creating value-driven networks, has reported its preliminary financial results for 2024, with revenue rising by 54.4% to AED 92.8 billion from AED 60.1 billion in 2023.

NMDC Energy has announced robust financial results in its first full-year earnings since going public in September 2024. The company’s net profit surged 80 per cent year-on-year to AED 1.41B (USD 380M), up from AED 780M (USD 212.4M), driven by strong operations and strategic expansions.

Emirates Islamic announced a record profit before tax of AED 3.1B marking a 46% increase compared to the previous year.

ADNOC Distribution has launched the second phase of its service station solarisation programme, in partnership with Emerge, to install solar photovoltaic (PV) panels at 100 service stations across its Abu Dhabi network.

Sharjah Islamic Bank (SIB) reported exceptional financial performance for the year ending 31st December 2024, achieving significant growth. The bank’s net profit before tax rose by 36.5% to AED 1.15B, with net profit after tax increasing by 24.5% to AED 1.05B. This marks the first time SIB’s net profit has exceeded AED 1B, reflecting its ability to expand and diversify operations in both local and international markets.

Dubai’s Roads and Transport Authority (RTA), in partnership with digital freight platform TruKKer, has introduced “Logisty,” a Digital Logistics Platform developed alongside the private sector. The platform provides commercial transport services, manages logistics and vehicle fleets, and offers on-demand booking and tracking.

ADNOC Distribution has launched ARIF, an AI-powered chatbot dedicated to investor relations, during Abu Dhabi Finance Week. ARIF, meaning “knowing” in Arabic, enables current and potential investors to access real-time financial insights, performance metrics, and strategic updates.