BusinessLatest Business and Company Updates
Mubadala and Bain seal Service Logic deal
Mubadala Investment Company and Bain Capital have completed the acquisition of Service Logic, a major provider of commercial heating, ventilation and air-conditioning services, marking a significant private equity investment into North America’s building services sector. The transaction, announced on Wednesday, transfers ownership from Leonard Green & Partners and positions the
Emirates NBD profit climbs on lending surge
Emirates NBD, Dubai’s largest bank by assets, posted a four per cent rise in full-year net profit on Monday, underpinned by record lending growth as borrowing demand strengthened across domestic and international markets. The lender said net profit reached 24 billion
DAMAC sets March pace in Dubai
DAMAC Properties said it led Dubai’s property market by transaction volume in March, reporting sales of 3.12 billion dirhams across 1,106 transactions, a performance that put it ahead of Emaar Properties on 795 deals and Binghatti Holding on 578, according
Multiply Group deepens mobility footprint with 22.5% stake in Mwasalat
Abu Dhabi — Multiply Group PJSC’s subsidiary Emirates Driving Company PJSC has secured a 22.5 per cent shareholding in Mwasalat Holdings LLC, the Abu Dhabi-based transport operator, with an option to raise its stake to 50.6 per cent pending
