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FINANCIAL NEWS
UAE- Senaat Co. revenues surpass USD 3.81bn
03 Apr 2016
(MENAFN) Senaat General Holding Corporation, a leading industrial holding firm in Abu Dhabi, proclaimed its financial results for the whole year ended 31 Dec, 2015.
Additionally, the group logged a strong performance for the year, realizing incomes of almost USD 3.82bn for 2015, a 5 percent grow from USD 3.65bn.
Moreover, the rise in revenues reflects a strong commercial performance among the Group’s portfolio despite the slowing global economy.
The group launched the Al Gharbia Pipe Co., a joint venture with JFE Steel Corporation and Marubeni-Itochu Steel.
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