Tuesday 4 August 2015
 
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Al Jaber

Al Jaber seeks new terms for $4.5bn restructured debt

Abu Dhabi-based conglomerate Al Jaber Group is talking with banks to refinance around $4.5 billion of debt it restructured last year to improve terms imposed by creditors, three sources aware of the matter told Reuters. It is the

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Al Jaber Group suspends CFO

Abu Dhabi's Al Jaber Group, which restructured substantial debt last June, has suspended its chief financial officer (CFO) ahead of disciplinary action, the conglomerate said on Wednesday. Sam Deeb, the group's CFO, was ap

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Al Jaber unit wins contracts worth $1bn in Dubai

Abu Dhabi-based Alec, a subsidiary of Al Jaber Group, a multi-faceted group of companies, has won new contracts worth approximately Dh4 billion ($1.08 billion) in Dubai, UAE, in the last three months, a report said. Residences at

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Al Jaber wins $545m road-building contracts

A subsidiary of Abu Dhabi's Al Jaber Group has won two road-building contracts in the UAE emirate worth about Dh2 billion ($545 million) combined, the company said on Monday. Abu Dhabi General Services Company awarded the cont

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Al Jaber confirms CEO exit, silent on heavy lift sale

Abu Dhabi-based Al Jaber Group confirmed its chief executive, David Nelson, had left the group, although it declined to comment on sources telling Reuters the conglomerate had also scrapped plans to sell its heavy lift unit. The g

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Al Jaber wins Saudi airport contract

Abu Dhabi-based conglomerate Al Jaber Group said it has been awarded a contract to develop the Abha Airport project in Saudi Arabia. The project, which will come up in the capital of the Asir Province in Saudi Arabia, includes a new 86,

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Al Jaber wins Saudi airport contract

Abu Dhabi-based conglomerate Al Jaber Group said it has been awarded a contract to develop the Abha Airport project in Saudi Arabia. The project, which will come up in the capital of the Asir Province in Saudi Arabia, includes a new 86,

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Al Jaber wins $700m Abu Dhabi housing contract

Abu Dhabi conglomerate Al Jaber Group, which agreed a debt restructuring in June, has won a Dh2.57 billion ($699.8 million) contract to build 40 residential buildings in the UAE emirate, it said on Tuesday. State-owned Abu Dhabi N

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Saint-Gobain to supply pipes for Qatar project

Saint-Gobain PAM has signed two contracts with Qatar's Al Jaber Engineering worth a total of €200 million ($268 million) for the supply of large-diameter pipes, fittings and valves. The products will be mainly manufacture

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Al Jaber inks UAE rail transport services deal

Al Jaber Crushers & Quarries, a subsidiary of Al Jaber Group, has signed a MoU with Etihad Rail, the developer and operator of the UAE’s national railway, to utilize their services for its logistics operations. As per th

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