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

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

Ticker Price Volume
GECS Sector Market
P/E
Price/BookValue
Dividend Yield (%)
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
Ticker Price Change
IQCD 12.06 -0.03 (-0.25%)
QEWS 14.80 -0.09 (-0.61%)
MPHC 1.17 0.01 (0.86%)
IGRD 3.84 0.02 (0.52%)
QAMC 1.55 0.01 (0.64%)
Oman Oil Marketing Company reports minor damage following storage tank attack

05/03/2026

The Oman Oil Marketing Company (OOMCO) has formally announced that one of its fuel storage tanks on March 3 the subject of an incident. In a statement released on March 4, the company confirmed that

Muscat Daily

UAE telecom firm du says its network is operating normally

05/03/2026

Emirates Integrated Telecommunications Company (du) on Wednesday assured its operational readiness and confirmed its infrastructure and core systems were operating normally.

Providing a busi

Khaleej Times

UDC approves 5.5% cash dividend distribution equivalent to QAR 194.7 million

05/03/2026

The annual ordinary general assembly meeting of the United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, approved th

Gulf Times

Alba boosts Bahraini leadership pipeline through key appointments

05/03/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced a set of leadership appointments that underscore its long-term commitment to succession planning, leadership

Trade Arabia

AD Ports Group confirms normal operations amid regional conflict

05/03/2026

The AD Ports Group on Wednesday, March 4, confirmed that all its operations continue normally in light of current regional developments.

As a precautionary measure, the group has activated i

Khaleej Times