10 May 2010
(MENAFN) General Holding Corporation (GHC), the parent of Emirates Steel, said that it will spend as much as $10 billion over the next few years to expand its business through acquisitions and internally, Reuters reported.
The firm’s Vice Chairman, Hussain Al-Nowais, said that GHC’s cash flow is positive and strong, having more than $4 billion in cash.
The Abu Dhabi government’s industrial investment arm reported earlier that it has made a 61 percent rise in its 2009 net profit, which grew to $307.7 million. GHC’s total assets grew 16 percent to $5 billion during the year.
Al-Nowais pointed out that the firm plans to grow its existing lines, to build new ones, and to acquire businesses that can compliment and expand its portfolio. He said that GHC is eyeing an engineering company and another firm in the steel sector for acquisitions.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more