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Enersol has signed an agreement to acquire a 51% equity stake in NTS AMEGA for $581 million. NTS AMEGA, a global manufacturer of advanced precision equipment for the energy sector, will benefit ADNOC Drilling through Enersol’s AI, digitization, and advanced technology. This acquisition marks Enersol’s second and reflects its commitment to becoming a technology-centric investment platform. The transaction is subject to regulatory approvals and closing adjustments. NTS AMEGA, headquartered in the UAE, operates globally and reported strong financials in FY2023, with revenue exceeding $120 million and a robust EBITDA margin.

Aldar Properties announced the sale of over 660 units at Verdes by Haven, its first apartment offering in Dubai, within 72 hours of launch. Expatriate residents and overseas buyers accounted for 83% of sales, with the top international markets being India, Egypt, and the UK. UAE nationals made up the remaining 17%. Notably, 88% of buyers were purchasing from Aldar for the first time. The sales events generated over AED 1 billion and were held at various locations, including the Dubai World Trade Centre and internationally. The positive response underscores Aldar's growing appeal and momentum in Dubai's real estate market.

Ener sol has signed an agreement to acquire a 51% equity stake in NTS AMEGA for $581 million. NTS AMEGA is a global manufacturer of advanced precision equipment for the energy sector. This acquisition will enable ADNOC Drilling to benefit from Enersol’s AI, digitization, and advanced technology. This is Enersol’s second acquisition, emphasizing its focus on technology-centric investments. The transaction, which is subject to regulatory approvals and closing adjustments, will make Enersol the majority equity holder. NTS AMEGA provides advanced manufacturing and repair solutions for the oil and gas industry, with operations in several countries. NTS reported strong financials in FY2023, with over $120 million in revenue and a robust EBITDA margin, presenting significant value for Enersol’s shareholders.

The document is a review report and condensed consolidated interim financial statements for the National Bank of Umm Al-Qaiwain (PSC) and its subsidiary, covering the period ending June 30, 2024.

The National Investor PrJSC held its General Assembly Meeting electronically on 12 July 2024 from 11:00 am to 11:40 am. The board members present were Chairman Mr. Saeed Mohamed Hasan Almasoud, Vice Chairman Mr. Tariq Khalil Dawood Badran Al Karaeen, and members Mr. Mohammed Abdulla Juma Alqubaisi, Mr. Mohammed Abdulla Almazrouei, and Mr. Madhav Vithal Nayak. The agenda items approved included: the sale of a real estate asset on Al Reem Island valued at 10.1% of the company's share capital to a related party; the proposal to decrease the company's share capital by canceling 50 million shares and amending the company's Memorandum of Association; and authorizing the Chairman or CEO to implement these decisions.