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Wednesday, 22 May 2013
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al khaliji participates in financing GDI’s latest generation offshore asset

al khaliji participates in financing GDI’s latest generation offshore asset
Posted by on May 1, 2013 in Banking, Finance & Insurance | 0 comments
Al Khalij Commercial Bank (al khaliji) QSC contributed to the financing of the new offshore jack-up rig “Al Jassra” for Gulf Drilling International (GDI), which GDI recently took delivery of in Singapore. GDI estimates that it will cost approximately QAR900 million to place this rig into service. The high profile event in Singapore saw the attendance of several senior Qatari...
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Gulf International Services AGAM approves 15% dividend per share

Gulf International Services AGAM approves 15% dividend per share
Posted by on Mar 18, 2013 in Banking, Finance & Insurance | 0 comments
For the second consecutive year, Qatar National Bank (QNB), the largest financial institution in the MENA region, was appointed the official Dividend Distribution Agent for Gulf International Services (GIS), a public shareholding company listed on the Qatar Exchange (QE) and the biggest group specializing in services in Qatar. QNB will provide (GIS) with dividend distribution, dividend...
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GIS revenue surges, net profit grows by 70.1%

GIS revenue surges, net profit grows by 70.1%
Posted by on Oct 28, 2012 in Energy, Oil & Gas | 0 comments
Gulf International Services (GIS) or the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshore drilling, accommodation barge, helicopter transportation and catering services, announced its results for the nine months ended September 30, 2012, with revenue of QR1.488bn and net...
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Qatar invites Al Koot Insurance and Reinsurance for reviewing the insurance industry

Qatar invites Al Koot Insurance and Reinsurance for reviewing the insurance industry
Posted by on Sep 27, 2012 in Banking, Finance & Insurance | 0 comments
Within the frame of the company’s commitment to undertake its responsibilities as one of Qatar Exchange listed companies, and in particular to disclosure obligation as per the provisions of Article 47 of the Offering and Listing Rulebook issued by QFMA, in a brief statement to the Qatar Exchange, H.E. Dr. Mohammed bin Saleh Al-Sada, Managing Director, Gulf International Services,...
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GIS signs a Joint Islamic Financing Agreement of US$ 170 m

GIS signs a Joint Islamic Financing Agreement of US$ 170 m
Posted by on Jun 4, 2012 in Energy, Oil & Gas | 0 comments
Gulf International Services (“GIS” or the “the Group”; QE: GISS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, onshore and offshore drilling and helicopter transportation, in addition to repair and maintenance of helicopters, announced yesterday that it has entered into a joint Islamic financing...
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Board of Directors meeting of Gulf International Services

Board of Directors meeting of Gulf International Services
Posted by on Apr 26, 2012 in Energy, Oil & Gas | 0 comments
The Board of Directors meeting of Gulf International Services (GIS) was held on Tuesday, April 24, 2012 at 1:30 pm. Besides other routine matters, the Board of Directors of GIS discussed the following agenda: 1- Update on the proposed acquisition of Amwaj Catering Services Limited 2- Approval of the equity injection of GDI by the addition of US$70 million in two installments in 2012...
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GIS announces the purchase of Amwaj Catering Services limited Q.S.C.

GIS announces the purchase of Amwaj Catering Services limited Q.S.C.
Posted by on Mar 31, 2012 in Business | 0 comments
Gulf International Services (“GIS” or the “the group”; QE: GISS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshore drilling, and helicopter transportation, announced on Thursday that it has entered into an agreement with Qatar Petroleum to purchase the entire...
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GIS net profit dips 36% to QR283 million

GIS net profit dips 36% to QR283 million
Posted by on Feb 17, 2012 in Banking, Finance & Insurance, Energy, Oil & Gas | 0 comments
Gulf International Services (GIS) on Thursday said its net profit in 2011 declined 35.6 percent to QR282.9 million because of tough conditions in the aviation and drilling industries. The company reported a 1.1 percent fall in revenue at QR1.5 billion in 2011 compared with QR1.6 billion in the previous year. Only the insurance segment of the group showed growth in 2011. The board of...
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GDI expand investments in land rig operations by awarding two land rig orders to LANCO

GDI expand investments in land rig operations by awarding two land rig orders to LANCO
Posted by on Jan 28, 2012 in Energy, Oil & Gas | 0 comments
Gulf Drilling International Q.S.C (“GDI”) has placed an order for two land rigs (GDI-5 and GDI-6) with Lanco Well Services, Inc. (“Lanco”), a rig builder based in Victoria, Texas. The delivery dates for these new built rigs are set for the 3rd and 4th quarter of 2012. This marks the second and third rigs that Lanco have built for GDI. The first Lanco rig (GDI-3) was built and...
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Industries Qatar sells real estate stake amid grim property outlook

Industries Qatar sells real estate stake amid grim property outlook
Posted by on Dec 31, 2011 in Business, Projects & Real Estate | 0 comments
Industries Qatar (IQ) sold its stake in a local real estate firm for $44 million, the Gulf Arab region’s second-largest chemical producer by market value said on Thursday, as the property sector faces low demand and growing supply. IQ had held a 34-percent stake in Fereej Real Estate Company, which was set up in 2008 in a joint venture with a Gulf International Services unit and Qatar...
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IBQ announces QAR 158.8 million term loan for Gulf Helicopters Co.

IBQ announces QAR 158.8 million term loan for Gulf Helicopters Co.
Posted by on Jun 28, 2011 in Banking, Finance & Insurance | 0 comments
IBQ announced today that it has extended a QAR 158.8 million (US$43.5 million) term loan facility to Gulf Helicopters Company (GHC). IBQ is the sole provider of the term loan financing to Doha-based GHC for this transaction, which will support the growth and diversification of one of the region’s leading helicopter operators. This announcement was made following a signing ceremony...
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Contract for repair “Al Doha” rig

Contract for repair “Al Doha” rig
Posted by on Apr 26, 2011 in Energy, Oil & Gas | 0 comments
Gulf Drilling International, Ltd. (GDI) and Nakilat – Keppel Offshore & Marine Ltd. (N-KOM) jointly announced Tuesday the award of a contract valued at QR59 million to N-KOM to carryout major repair, modification and upgrade works to its offshore jack-up rig, ”Al-Doha”. This work is scheduled to commence in May of 2011 and will continue through August 2011. In...
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