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FINANCIAL NEWS
Mubadala GE Capital to acquire stake in Omans UPC
20 Dec 2010
(MENAFN) The joint venture formed between the Abu Dhabi investment fund, Mubadala, and General Electric; known as Mubadala GE Capital, has decided to acquire a stake in Oman’s United Power Company (UPC), Reuters reported.
Financial details of the sale of the preferred shares, which amount to 16.41 percent of UPC’s total share capital, were not specified. However, according to bourse data, the Oman-based company has a capital of $90.568 million.
The acquired shares were purchased from three United Power shareholders, which are National Trading Company, WJ Towell and Zubair Corporation, and the deal is scheduled to close on December 31.
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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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