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GGICO

GGICO reports over $272m loss

Dubai-based Gulf General Investment Company (GGICO) has reported a loss of over Dh1 billion ($272 million) in 2011, compared with Dh 973 million the previous year, a report said. The company, in a statement to the Dubai Financial Market, b

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Moody's downgrades GGICO ratings

Moody's has downgraded the ratings of Dubai-based Gulf General Investment Company (GGICO) to B2 from B1. The ratings were placed on review for possible downgrade. Moody's said the dowgrade of corporate family rating

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Dubai's GGICO picks banks for notes offer

UAE conglomerate Gulf General Investments Company (GGICO) has mandated three banks to lead a benchmark-sized senior notes offering, denominated in US dollars, market sources said on Monday. HSBC, Standard Chartered and Deutsche Bank have b

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Axis Residences set for hand-over

GGICO, a leading conglomerate based in the UAE, said it will start delivering the housing units in its key development in the heart of Dubai Silicon Oasis,'The Axis Residences,' from this month. Axis Residences, comprises eigh

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GGICO sells 75pc of Axix Residence phase 3 units

GGICO has sold 75 per cent of all units available from the third phase of its Axis Residence project, located in Dubai Silicon Oasis, within the first few days of its launch. The company said that their special financing solutions had grea

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GGICO unveils Axis Residences phase 3

Gulf General Investment Company (GGICO), one of Dubai's leading diversified group of companies, reiterated its commitment to the UAE real estate sector with the launch of the third phase of Axis Residences in Dubai Silicon Oasis. The Dh2.1

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GGICO acquires Lloyds Engg Company

Gulf General Investment Company (GGICO) has announced the acquisition of Lloyds Engineering Company, a firm specialised in steel fabrication and providing oil-field services. Equipped with modern technology machinery, Lloyds Engineering Co

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GGICO acquires top engineering firm

Gulf General Investment Co (GGICO) has acquired the UAE-based Quality International Co, a leading engineering firm in the region. The company specialises in the manufacturing of process equipment for the oil and gas, petrochemical, chemica

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GGICO launches new bitumen firm

Dubai-based Gulf General Investment Company (GGICO) has opened a new firm in Sharjah named Horizon Energy, for trading in bitumen and manufacturing and sale of other value added bitumen products. The project will incorporate a 10,550 sq m

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GGICO H1 profit jumps 94pc to $137m

Dubai-based diversified industrial Gulf General Investment Company (GGICO) has announced a 94 per cent jump in its profit during the first half of 2008 which soared to Dh505 million ($137.4 million) from Dh260 million ($71 million) last year.

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