Abu Dhabi / WAM Adnoc Distribution on Tuesday reported strong first-quarter 2022 results, recording a 7.8% year-on-year increase in Ebitda to AED881 million with a 6.3% year-on-year increase in net profit to AED671 million for the quarter, while cash flow generation remained strong with free cash flow of AED1.9 billion. The company has seen a strong recovery in total ...

  Sharjah / WAM Arada has awarded two major contracts together, totalling AED460 million, to build the first residential district at Masaar, Sharjah’s forested megaproject. Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts, all set in woodland and nature-inspired master plan. Valued at AED228 million, the contract to build 142 villas in the Sendian district of ...

  Abu Dhabi / WAM Adnoc Drilling Company on Tuesday announced its financial results for the three-month period ended March 31, reporting significant revenue growth for the period, increasing to $601 million, up 14.9% on the same period last year. Year-on-year revenue growth was delivered across all business segments, with the company firmly on track to deliver on its ambitious ...