24 Feb 2010
(MENAFN) Abu Dhabi Ship Building (ADSB) has announced a net profit of $31.14 million on revenues of over $316 million for the year 2009, Gulf News reported.
The ADSB board of directors said it will recommend a payment of a 10 percent cash dividend to the shareholders of record, at the AGM scheduled for April 12.
ADSB’s chairman of the Board of Directors, Homaid Abdulla Al Shemmari said the company continued to perform strongly throughout 2009, reinforcing its role as a truly strategic asset for Abu Dhabi and the region.
ADSB, established in 1996, operates the most modern naval shipyard in the Gulf. It is also the only shipyard in the region with the capability to build, refit, repair and upgrade complex naval warships.
The company is successfully providing products and related services to Navies, Coast Guards and other military, paramilitary and commercial vessel operators across the GCC region.
ADSB is listed in the Abu Dhabi Securities Exchange and its current shareholding is 40 percent by Mubadala Development Company, 10 percent by the Abu Dhabi Government and 50 percent by individual UAE nationals.
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more