Abu Dhabi Ship Building PJSC (ADSB) News - Mubasher Info
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30 December 02:45 AM

Abu Dhabi Ship Building PJSC (ADSB)

Last update: 29 December 02:55 PM market time.
8.32
0.20
2.44%
Open 8.24
Previous Close 8.20
High 8.46
Low 8.12
Stock Statistics
Volume 501,839
Turnover 4,177,970.77
All data are 15 minutes late during market session

News

Photo Archive
4 June 12:17 PM ADSB, EDGE Group unveil AED 7bn award to boost Kuwait Naval Forces
Abu Dhabi - Mubasher: Abu Dhabi Ship Building (ADSB) received a letter of award from its shareholder, EDGE Group, for the supply of Falaj3-class 62-metre Missile Boats to the Kuwait Naval Forces. The contract’s value stands at AED 7 billion, …
Companies Investments
Photo Archive
20 February 2023 01:24 PM ADSB pens EUR 1bn deal to boost Angolan Navy’s services
Abu Dhabi - Mubasher: Abu Dhabi Ship Building (ADSB) has inked a contract worth EUR 1 billion (AED 3.94 billion) to foster the services of the Angolan Navy, according to a press release. Under the deal, ADSB will provide the Angolan Navy with …
Companies Investments
Photo Archive
3 February 2022 10:30 AM Yahsat's unit awarded AED 24m contract by ADSB
Abu Dhabi - Mubasher: Yahsat Government Solutions (YGS), the government arm of Al Yah Satellite Communications Company (Yahsat), has won an AED 24 million contract by Abu Dhabi Ship Building (ADSB) to offer satellite communication services. Under …
Companies Investments
The new contract is the largest order received by ADSB
18 May 2021 10:23 AM ADSB awarded AED 3.5bn contract to build patrol vessels for UAE navy
Abu Dhabi – Mubasher: The UAE Ministry of Defense (MOD) and UAE Navy have awarded Abu Dhabi Ship Building (ADSB) a AED 3.5 billion contract to build new patrol vessels. The new contract is the largest order received by ADSB, which will manufacture …
Companies Investments
The facility is uneconomic to operate on the current yard rental outflow contract
25 April 2021 11:28 AM Abu Dhabi Ship Building sells floating dry dock for $9m
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has sold a floating dock for vessel drydocking repairs to France-based Grand Port Maritim de Rouen in exchange for $9.4 million. The company has taken this decision, as the facility is …
Companies Investments
ADSB and Novamarine will identify opportunities for the RHIB in the GCC
25 February 2021 10:40 AM ADSB inks reciprocal agreement with Novamarine
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has entered into a reciprocal agreement with Novamarine, under which ADSB will design, manufacture, and market Rigid-Hulled Inflatable Boats (RHIBs) in the UAE. As per the agreement signed on …
Companies Investments
ADSB has transferred 105.91m of its shares to Edge
9 August 2020 11:00 AM Abu Dhabi Ship Building transfers 106m shares to Edge
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has transferred 105.91 million of its shares registered in the name of Emirates Defence Industries Company to Edge Platforms and Defense Systems. The transfer of the shares to Edge, an advanced …
Mergers and Acquisitions
By 12:20 pm UAE time, the stock jumped 8.15%
24 September 2019 00:13 PM Abu Dhabi Ship Building’s stock leads ADX gainers in Tuesday mid-trade
By: Enas Bahgat Abu Dhabi – Mubasher: Abu Dhabi Ship Building’s (ADSB) stock, listed on the Abu Dhabi Securities Exchange (ADX), has topped the market’s gainers in Tuesday’s mid-trade. By 12:20 pm UAE time, the stock jumped 8.15% to AED 2.92, its …
Trading Activities
Chairman Omar Al Faresi will handle the company’s management temporarily
23 September 2019 04:08 PM Abu Dhabi Ship Building’s managing director resigns
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) announced that Matar Khalfan Ali Al Shamsi has resigned from his position as managing director. Chairman Omar Al Faresi will handle the company’s management temporarily pending the sourcing and …
Management Decisions
Net profits amounted to AED 774,000 in H1-19
14 August 2019 02:35 PM Abu Dhabi Ship Building turns profitable in H1
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) turned profitable during the first half of 2019. Net profits amounted to AED 774,000 in H1-19, against net losses of AED 8.9 million in H1-18, according to the firm’s recent filing to the Abu …
Financial Results
Loss per share reached AED 64.1
14 February 2019 06:12 PM ADSB registers AED 135.8m loss in 12M
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has reported a net loss of AED 135.879 million during the full year of 2018 against AED 104.8 million in 2017. The company’s revenue tumbled to AED 455.989 million last year, compared to AED …
Financial Results
Contract revenue declined to AED 83.99 million in Q3-18
14 November 2018 04:36 PM Abu Dhabi Ship Building incurs AED 77m losses in Q3
Abu Dhabi - Mubasher: Abu Dhabi Ship Building suffered a loss of AED 77.45 million during the third quarter of 2018 against profits of AED 23.74 million in the same period a year ago. During the nine-month period of 2018, Abu Dhabi Ship Building …
Financial Results
The company’s revenue also declined to AED 261.5 million in H1-18
14 August 2018 06:18 PM Abu Dhabi Ship Building’s profit tumbles in 6M
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSC) has reported a 92.6% year-on-year drop in net profit during the first six months of 2018, recording AED 3.7 million. The company’s revenue also declined to AED 261.5 million in H1-18 versus AED …
Financial Results
ADSB CFO resigns; new one named
23 July 2018 08:03 AM ADSB CFO resigns; new one named
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) on Monday disclosed that its chief financial officer (CFO) Rizwan Chowdhari has resigned. The company also revealed that Jasem Mohamed Al Marzooqi was appointed as Finance and Business Support …
Management Decisions
ADSB approved dividends for 2017 have reached AED 32 million
18 March 2018 11:25 AM ADSB shareholders raise proposed dividends for 2017
Abu Dhabi – Mubasher: Abu Dhabi Ship Building’s (ADSB) ordinary general meeting has increased the proposed dividends to 15% of the company’s capital, instead of 10%, according to a company statement released on Sunday. The Abu Dhabi-listed ship …
Cash Dividends
The ADX-listed company’s capital amounts to AED 211.99 million distributed over 211.99 million shares
20 February 2018 10:33 AM ADSB's board proposes AED 21.2m dividends for 2017
Abu Dhabi – Mubasher: Abu Dhabi Ship Building's (ADSB) board of directors on Tuesday recommended the distribution of AED 21.2 million ($5.77 million) in cash dividends, representing 10% of the company’s capital for 2017 profits with a dividend per …
Cash Dividends
The deal also entails the provision of engineering sustainment and supply chain services for military vessels
22 January 2018 10:27 AM UAE’s ADSB, Rolls Royce team up on naval contracts
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) said that it has signed a memorandum of understanding (MoU) with Rolls Royce to provide enhanced naval shipbuilding, repair and refit services across the GCC. The deal also entails the provision …
Macroeconomics
ADSB revenues declined 19% to AED 385.84 million in H1-17
6 August 2017 09:40 AM ADSB profits grow 24.6% in Q2
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) posted a rise in its profits by 24.6% year-on-year during the second quarter of 2017, according to a bourse statement. Profits reached AED 40.04 million ($10.89 million) in Q2-17, compared to …
Financial Results
One of ADSB's ships (Photo Credit: Company Website)
9 May 2017 09:16 AM ADSB profits down in Q1
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) posted a decline in its profits by 49.8% year-on-year during the first quarter of 2017, according to a bourse statement. Profits reached AED 9.43 million ($2.57 million) in Q1-17, compared to …
Financial Results
(Photo Credit: Company website)
24 April 2017 00:22 PM ADSB approves 10 fils/shr dividends for FY16
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi Ship Building (ADSB) approved on Thursday, 20 April, the board’s recommendation to distribute cash dividends representing 10% of the capital or 10 fils per share for the fiscal year 2016. The …
Management Decisions
One of ADSB's ships (Photo Credit: Company Website)
22 March 2017 09:11 AM ADSB shareholders nod to annual dividends
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) said its shareholders approved 10% cash dividends, equivalent to 10 fils per share, for fiscal year 2016, according to a bourse statement. Total dividend payout stands at AED 21.2 million for …
General Assembly
ADSB CEO Khaled Al Mazrouei (Photo Credit: Mubasher)
23 February 2017 08:37 AM ADSB expects 10% rise in revenues until 2021
By: Ramy Sameeh Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) is expected to post a growth in revenues by not less than 10% on an annual basis until 2021, CEO Khaled Al Mazrouei said. “Our revenues are currently near AED 1 billion, with …
Companies Investments
Profits totalled AED 57.7 million in 2016 - (Photo Archive)
14 February 2017 05:00 PM Abu Dhabi Ship Building widens losses in Q4
Abu Dhabi - Mubasher: Abu Dhabi Ship Building reported an increase in losses in the fourth quarter of 2016 by 196.7% to AED 10.8 million from AED 3.46 million in Q4-15. Annual profits declined by 33.4% to AED 57.7 million in 2016 compared to AED …
Financial Results
The facility has been a key driver in our expansion plans (Photo Credit: Arabianeye-Reuters)
24 January 2017 09:02 AM ADSB launches dry dock in Zayed Port
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) inaugurated the company’s floating dry dock in Zayed Port. Begin servicing vessels in July 2016, the floating dock enhanced ADSB’s commercial service offering. The facility has been a key driver …
Companies Investments
The company won such projects in the past years, with a plan to be completed in 2017 (Photo Credit: Company Website)
22 January 2017 11:25 AM ADSB unveils new projects for 2017
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) intends to carry out projects worth AED 1.5 billion ($409 million) in 2017, Al Khaleej newspaper quoted the company’s CEO Khaled Al Mazrouei. The company won such projects in the past years, …
Companies Investments