MHD ACERE signs landmark RO30mn agreement

17/09/2025 03:27 AST

MHD ACERE has entered into a milestone agreement, valued at RO30mn, with Galfar Engineering & Contracting Company, marking a significant step forward for Oman's infrastructure development.

The agreement was signed in the presence of Mohsin Hani al Bahrani, CEO of MHD ACERE, and Dr Hamoud Rashid al-Tobi, CEO of Galfar Engineering & Contracting Company.

According to a press release, this strategic collaboration reinforces a shared vision of driving Oman's infrastructure growth with world-class solutions. The deal will equip Galfar with advanced XCMG machinery to strengthen the delivery of major national projects, including the Hafeet Rail (Sohar-Abu Dhabi railway) and the Adam-Thumrait Highway.


Muscat Daily

News

Galfar lands key Oman road dualisation project

03/06/2025

Galfar, one of the largest engineering, contracting and construction companies in Oman, has announced that it has secured a major construction works contract for Part Four of the Sultan Said bin Taim

Trade Arabia

Galfar starts work on key Oman road dualisation project

16/03/2025

Galfar Engineering, a multi discipline engineering and construction company, has announced that it has begun work on the Izki-Nizwa road dualisation project in Oman.

The project will see e

Trade Arabia

Galfar order book position stands at OMR690 million

11/08/2016

Galfar Engineering and Contracting Company, the Sultanate's leading contracting firm, said that the order book position of its parent company is over OMR690 million by the end of June 2016.

Times of Oman

Most Viewed Companies

Ticker Price Volume

Valuation

GECS Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IQCD 12.04 0.00 (0.00%)
QEWS 14.84 0.13 (0.88%)
MPHC 1.22 -0.02 (-1.62%)
IGRD 3.68 0.02 (0.54%)
OQBI 0.31 0.00 (0.00%)

Recent News

Aamal Company plans new investments this year; growth prospects 'very bright' across sectors

22/04/2026

Aamal Company is making new investments this year as it finds growth prospects across all its business divisions as "very bright"

"Given the relative stability of Qatar`s economic landscape

Gulf Times

UDC posts QR71mn net profit on QR459mn revenues in Q1

22/04/2026

United Development Company (UDC) reported a net profit of QR71mn on revenues of QR459mn in the first three months of 2026.

The net profit attributable to the equity shareholders stood at QR7

Gulf Times

Gulf Bank launches a special offer for Kuwaiti Salary Account customers

22/04/2026

Gulf Bank has launched a special offer for Kuwaiti government salary account customers, through which customers can receive a cash welcome gift of up to KD 1,200 when transferring their salary to Gul

Kuwait Times

Nakilat reports $120.43m net profit for Q1

22/04/2026

Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR439 million ($120.43 million) for the first quarter ended March 31, 2026, compared to QAR433 million for the same period of 2025.

Trade Arabia

GWC posts steady Q1 profit despite supply chain disruption

22/04/2026

Qatar-based Gulf Warehousing Company (GWC Group) has reported a net profit of QR33.7 million ($9.3 million) for the first quarter of 2026, while its gross revenues hit QR318 million ($86.3 million),

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap