Page 3 - Alpha Dhabi News Today

ADNOC Drilling Company, a unit of Abu Dhabi National Oil Company (ADNOC), has teamed up with Alpha Dhabi to set up a joint venture (JV).

Leading Abu Dhabi entities - Adnoc Drilling Company and

Leading Abu Dhabi entities - Adnoc Drilling Company and Alpha Dhabi Holding - have reached an agreement to establish a strategic investment JV that will invest $1.5 billion to acquire technology-enabled firms in the oilfield services and energy sectors.

ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC have agreed to establish a strategic investment joint venture (JV) to invest up to AED 5.5 billion ($1.5 billion) to acquire technology-enabled companies in the oilfield services (OFS) and energy sectors, Emirates News Agency (WAM) reported on Saturday.

The partnership will see investments of up to $1.5 billion

UAE-based Alpha Dhabi Holding has reported robust financial results for the first nine months with a 29% increase in net profit surging to AED11.6 billion ($3.2 billion) mainly due to a combination of organic expansion and strategic acquisitions.

Alpha Dhabi's diversified portfolio has been a major driver behind the growth in revenue

Stake in UAE-based NTS Global expands Alpha Dhabi's energy sector interests

ABU DHABI, 25th October, 2023 (WAM) -- Alpha Dhabi Holding today announced its acquisition of a 51 percent stake in NTS Amega Global, underscoring the company's unwavering commitment to enhancing its energy portfolio, with a keen focus on the oil field services sector. With this acquisition, NTS Group, renowned for its cutting-edge manufacturing, repair, and rental solutions in the Oil & Gas sector, cements its position as a global frontrunner in producing drilling, subsea, top-side, and...

UAE-based Alpha Dhabi Holding has acquired a 51% stake in NTS Amega Global, a key provider of complex manufacturing, repair and rental solutions for the oil and gas sector, thus underscoring its unwavering commitment to boosting the energy portfolio.