Al Hassan Engineering SAOG (AHEC) News - Mubasher Info
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Al Hassan Engineering SAOG (HECI)

Last update: 21 May 2024 02:00 PM market time.
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Stock Statistics
Volume 51,408
Turnover 1,028.16
All data are 15 minutes late during market session

News

(Photo Credit: Arabianeye-Reuters)
20 April 2017 10:36 AM Al Hassan Engineering approves sale of land
Mubasher: The extraordinary general meeting (EGM) of Al Hassan Engineering on Wednesday approved the sale of one of its lands in Gala Heights in Wilayat Boucher. This land is allocated for residential and commercial use with an area of 20,010 …
Management Decisions
(Photo credit: Al Hassan Engineering)
16 April 2017 11:17 AM Al Hassan Engineering Q1 profits up 50%
Mubasher: Al Hassan Engineering’s initial unaudited financial statements showed a rise of 50% in the company’s net profit for the first quarter of fiscal year 2017 to OMR 78,000 ($202,000), compared to OMR 52,000 ($134,700) for Q1-16. Total …
Financial Results
Losses decreased to OMR 3.06 million in Q4 (Photo Credit: Arabianeye-Reuters)
16 January 2017 10:39 AM Al Hassan Engineering Q4 losses shrink 56.4%
Mubasher: Al Hassan Engineering showed a decline of 56.4% in losses posted during the fourth quarter of 2016 as compared to the same period a year ago. Losses decreased to OMR 3.06 million ($7.95 million) in Q4-16 when compared to OMR 7.02 million …
Financial Results
Net losses deepened in the first nine months of 2016 by 465% (Photo credit: Al Hassan Engineering)
13 November 2016 11:18 AM Al Hassan Engineering turns to losses in Q3
Mubasher: Al Hassan Engineering Company reported on Sunday a net loss of OMR 6.88 million ($17.8 million) for the third quarter of fiscal 2016, against a net profit of OMR 155,000 ($401,130) for Q3-15. Net losses deepened in the first nine months …
Financial Results
Photo credit: Company's website
11 October 2016 11:20 AM PDO awards Al Hassan Engineering OMR 6.3m contract
Mubasher: Al Hassan Engineering Company said Tuesday that it has been awarded a contract worth OMR 6.3 million by Petroleum Development Oman (PDO) to implement Lekhwair-Fahud 24 Main Oil Line (MOL) Upgrade. The implementation period will take 20 …
Financial Results
Photo credit: Al Hassan Engineering
4 October 2016 10:16 AM Al Hassan Engineering unit inks $3.66m EPC contract in UAE
Mubasher: Al Hassan Engineering Company Abu Dhabi, a subsidiary of Oman’s Al Hassan Engineering, has signed an engineering, procurement, and construction (EPC) contract worth AED 13.4 million ($3.66 million) in the United Arab Emirates. Abu Dhabi …
Companies Investments
This initiative is in line with strategy to restructure financial capability for future projects- (Photo Credit: Arabianeye-Reuters)
3 August 2016 01:54 PM Al Hassan Engineering appoints OAB as private placement manager
Mubasher: Al Hassan Engineering announced on Wednesday the appointment of Oman Arab Bank (OAB) Investment Group as a manager for private placement services. “This initiative is in line with strategy to restructure financial capability for future …
Corporate Actions
One of Al Hassan Engineering's projects (Photo Credit: Arabianeye-Reuters)
17 July 2016 09:09 PM Al Hassan Engineering profits decline 65% in Q2
Mubasher: Al Hassan Engineering reported a decline of 65.19% in net profits for the second quarter of 2016, said a bourse filling. The company’s unaudited preliminary financial results reflected net profits of OMR 47,000 for the second quarter of …
Financial Results
One of Al Hassan Engineering's projects (Photo Credit: Arabianeye-Reuters)
21 June 2016 08:48 AM Al Hassan Engineering awarded OMR 7m contract
Mubasher: Al Hassan Engineering Company was awarded a contract worth OMR 7 million for site preparation works related to Liwa Plastics project at Sohar, according to a bourse statement. The contract duration is around 8 months starting from June …
Companies Investments
One of the company's projects (Photo credit: Company website)
23 May 2016 09:10 AM Al Hassan Engineering’s unit wins $15.7m project
Mubasher: Al Hassan Engineering Company Abu Dhabi  (a subsidiary to Oman’s Al Hassan Engineering) announced on Monday that it has received a letter of intent (Lol) from Siemens Abu Dhabi for constructing 132 kilovolts substations for AED 57.55 …
Companies Investments
A project executed by Al Hassan Engineering (Photo credit: Company website)
17 April 2016 03:39 PM Al Hassan Engineering turns to profitability in Q1
Mubasher: Al Hassan Engineering Company posted on Sunday a net profit of OMR 52,000 ($134,720) in the first quarter of 2016, against net losses of OMR 1.48 million ($3.83 million) in the same period of 2015. Contracts and other income amounted to …
Financial Results
One of the projects executed by Al Hassan Engineering company (Photo credit: Company website)
6 April 2016 10:10 AM Al Hassan Engineering delays EGM until further notice
Mubasher: Al Hassan Engineering company’s board of directors postponed its extraordinary general meeting (EGM) due to be held on 17 April to till further notice. According to a bourse filing, the delay was in order to meet all legal and technical …
General Assembly
Photo credit: Al Hassan Engineering Company
14 March 2016 01:12 PM Al Hassan Engineering’s annual losses deepen 471%
Mubasher: Al Hassan Engineering Company’s annual losses were worsened by 471% to OMR 8.22 million ($21.34 million), compared to OMR 1.44 million ($3.7 million) in 2014, according to the company's adjusted financial statements. According to a …
Financial Results
Photo Archive
14 February 2016 02:51 PM Al-Hassan logs OMR1.4m loss in Q4
Mubasher: Al Hassan Engineering Company (HECI) posted OMR1.4 million ($3.72 million) losses for the fourth quarter of 2015, against OMR 335,000 ($866,900) profits achieved in the same period of 2014. The company’s losses in the fiscal year 2015 …
Financial Results
Photo Archive
7 February 2016 09:53 AM Al-Hassan Engineering appoints new CEO
Mubasher: Al-Hassan Engineering Company said that its board decided to appoint Shawki Hamdan Sajwani as its CEO with effect from 7 February, according to a bourse filing on Sunday. The statement added Steve Scott decided to relinquish his position …
Management Decisions
Photo Credit: Arabianeye-Reuters
3 November 2015 09:20 AM Al Hassan Engineering trims 9M losses by 32.6%
Mubasher: Al Hassan Engineering reported a 32.6% drop in losses to OMR 1.2 million in the third quarter of 2015, compared to OMR 1.78 million ($4.61 million) in the same quarter of 2014, according to a bourse filing on Tuesday. Contract income …
Financial Results
3 November 2015 08:10 AM Unaudited Financial Results for the Third Quarter of 2015
Al-Hassan Engineering Co SAOG at the Board Meeting held on 2nd November, 2015 approved Unaudited Financial Results for the Third Quarter of 2015   The Turnover and net loss of the Company for the period ended 30.09.2015  is RO 79.224 million and ( …
Photo Credit: Arabianeye-Reuters
20 September 2015 11:07 AM Al Hassan Engineering wins $19m projects in Oman, UAE
  Mubasher: Al Hassan Engineering Co. said it was awarded two projects, one in Oman and one in Abu Dhabi, UAE, at a total of $19.25 million ($7.4 million). The company said it received a letter of award from Petroleum Development Oman (PDO) for …
Companies Investments
20 September 2015 08:00 AM Letter of Award from Petroleum Development Oman
  Al Hassan Engineering Company SAOG has received a Letter of Award from Petroleum Development Oman for the ‘Mabrouk Pipeline Construction Project ‘ for approximately US Dollars  12 Million.. The project duration is 13 months & the company expects …
20 September 2015 07:51 AM Letter of Award for US $ 7.250 M from M/S GS Engineering & Construction, Abudhabi
Al Hassan Engineering Co. Abu Dhabi LLC (which is controlled by Al Hassan Engineering Co. SAOG owning 49% of its share capital), has been received Letter of Award for  US $ 7.250 Million from M/S GS Engineering & Construction, Korea , for ‘Civil …
Photo Credit: Arabianeye-Reuters
20 August 2015 09:36 AM Oman’s Al Hassan bags $15m Dubai project
Mubasher: Al Hassan Engineering Co. announced that its 99%-owned subsidiary Al Hassan Engineering Co. Dubai LLC has been awarded a project worth AED 54.83 million ($15 million) by Siemens – Dubai. The project, to be implemented in the UAE, …
Company News
20 August 2015 08:12 AM LOI from M/s Siemens Dubai
“Al Hassan Engineering Co. Dubai LLC (which is controlled by Al Hassan Engineering Co. SAOG owning 99% of its share capital), has received LOI from M/s Siemens for construction of 132KV substations for DEWA , Dubai for AED 54.83Milion.   The …
Photo Credit: Arabianeye-Reuters
4 August 2015 09:25 AM Al Hassan Engineering trims H1 losses by 25%
Muscat-Mubasher: Al Hassan Engineering’s losses declined 25.3% to reach OMR 1.34 million ($3.48 million) in the first half of 2015, compared to OMR 1.8 million ($4.66 million) in the same period of 2014, according to a bourse filing. The company …
Financial Results
4 August 2015 08:41 AM Un-audited Financial Statements for the period ended 30th June 2015
Al-Hassan Engineering Co SAOG at the Board Meeting held on 03rd August, 2015 approved Unaudited Financial Results for the first Half  2015   The Turnover and net loss of the Company for the period ended 30.06.2015  is RO 51.800 million and ( RO …
Photo Credit: Arabianeye-Reuters
3 August 2015 09:35 AM Al Hassan wins project in Abu Dhabi
Muscat-Mubasher: Al Hassan Engineering Co. Abu Dhabi received a letter of intent for the instrumentation works at SARB package 4 from Hyundai Engineering and Construction Co. for $9 million. The project duration is 22 months from August 2015, …
Company News