AD Ports Group has announced the merger of Kezad Communities with Al Eskan Al Jamae (“EAJ”) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling majority stake. The combined entity will have an equity value of approximately AED7 billion (USD1.9 million), positioning it as one of the […]
The Power and Water Utility Company for Jubail and Yanbu’s (“Marafiq”) has become a publicly traded company on the Saudi Stock Exchange (“Tadawul”). Marafiq raised SAR 3.36 billion (USD 897 million) through its initial public offering (“IPO”), and now trades on the Saudi Exchange under the ticker 2083. With a market capitalization on listing of USD 3.1 […]
