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The final shareholder-approved cash dividend payment for 2024 amounts to $394 million
IPOs allow investors to diversify their investments across various UAE sectors, including tech, healthcare, and energy
AIQ expects the first operational, scalable version of ENERGYai to be completed in mid-2025
Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share
The offering will only be open to qualified institutional and other investors in a number of countries, including the UAE
Together, the six companies reported a net profit surpassing $9 billion for the year
H.H. was briefed on XRG, ADNOC's new investment company targeting global energy transformations
The company's revenues surged 32 percent to $4.03 billion last year
Record performance highlights strong fuel volumes, retail growth, and contributions from Saudi Arabia and Egypt
Adjusted revenues increased by 7 percent in 2024 to $24.43 billion driven by a 2 percent increase in sales volume
EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings
A milestone in sustainable oil production
