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FINANCIAL NEWS
UAE- Arabtec posts USD27.1m in Q1 profit
03 May 2013
(MENAFN) Arabtec Holding CEO, Hasan Abdullah Ismaik, said that the company’s first quarter profit was USD27.1 million, reported Gulf News.
He added that Arabtec has signed contracts with Louvre AbuDhabi and the Fairmont hotel, which has upped revenue 20 percent to a total of USD421.9 million.
Operations in Saudi Arabia are continually growing, as the construction firm has taken on a 5,000 villa project in Al Hasa.
It is worth noting that the construction industry in the Middle East is picking up again, as companies such as Arabtec keep acquiring project in Saudi Arabia, the UAE and Qatar.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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