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FINANCIAL NEWS
Bahraini firm purchases share in UAE utility for USD147mn
02 Jan 2017
(MENAFN) Asma Capital, owned by sovereign institutions, involving the Islamic Development Bank, Saudi Arabia’s Public Investment Fund will buy a share in UAE utility for USD147mn.
Accordingly, the firm proclaimed that it would invest more in Utico’s other projects and businesses, Ernst & Young, Hatch USA, ILFS, GU Advisory UAE and others.
Meanwhile, Utico is increasing its infrastructure assets in water, power, transmission and distribution, storage, billing and collection.
The UAE”s leadership has enabled Utico’s business model to develop and flourish, while its model of development has saved the governments billions of dirhams in capital spending.
M
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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