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FINANCIAL NEWS
Tawazun, Caracal merger
04 Sep 2013
(MENAFN) UAE Tawazun Holding decided to merge two of its units, Caracal International and Tawazun Advanced Defense Systems (Tads), stating that it would “maximise global commercial opportunities,” The National reported.
Chief executive of Tawazun, Saif Mohamed Al Hajeri, said: “The decision to merge our two weapons manufacturers was made to create synergy among the group and streamline our military and sporting weapons offerings under one brand name.”
The new emerging company, Caracal International, will manufacture and sell firearms and light weapons in Abu Dhabi.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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
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