Ninja Becomes Unicorn in Saudi After Riyad Capital-Led Funding Round
The funding round, led by asset manager Riyad Capital, values the three-year-old company at about $1.5 billion, the people said, asking not named as the information is private. Ninja is targeting an initial public offering by 2027, Bloomberg News reported in March.
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This integrated structure enables us to deliver holistic, high-quality developments while leveraging Ayana Holding's multidisciplinary expertise to ensure efficiency, creativity, and excellence across every stage of the project lifecycle. What do you mean by "state-of-the-art sustainable practices and smart technologies"? We focus on integrating advanced building materials, energy-efficient systems, and cutting-edge digital infrastructure—including smart home automation, security, and community management platforms. Our goal is to reduce environmental impact, elevate residents' quality of life, and ensure our developments are future-ready in an increasingly connected world. How will you promote active community engagement? At Amaal, we design our developments to foster genuine connection - through thoughtfully planned shared spaces, engaging community events, and amenities that bring people together. We actively listen to our residents and value their feedback, ensuring our communities continue to evolve in line with their needs and aspirations. Can you expand on current projects? Amaal's flagship project, Amaal 8 in Mohammed Bin Rashid City, represents the essence of our vision. The first phase sold out quickly, underscoring strong market demand, and we're now proud to announce a landmark partnership with MANSORY for its first-ever branded residence - a bespoke Dh1.8 billion development. Meticulously crafted with MANSORY's signature precision and design excellence, the project combines elevated luxury with smart living features to attract a global clientele. Scheduled for completion by the end of 2028, it sets a new benchmark for tailor-made, high-end living in Dubai. How many further projects are planned? Amaal has a strong and ambitious pipeline of projects underway, both in the UAE and abroad. 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The partnership with MANSORY is a natural alignment of values - bringing together their legacy of bespoke craftsmanship and design innovation with Amaal's commitment to delivering distinctive, world-class living experiences. This collaboration allows us to offer a new standard of luxury that resonates with discerning buyers and sets Amaal apart in Dubai's competitive high-end property market. Is Dubai's real estate market now stable and relatively immune to downturns? Dubai's real estate market has seen its share of cycles, but today's landscape is significantly more stable and resilient. Investor confidence remains strong, driven by progressive regulatory reforms and the city's enduring global appeal. What reinforces this momentum is the growing diversity of buyers and the market's shift toward long-term, sustainable growth strategies that are redefining the sector for the better. Why has Dubai been so successful in real estate? 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I've had the privilege of contributing to some of the city's most iconic developments - landmarks that have helped shape the skyline and define Dubai's global identity. From large-scale masterplans to transformative infrastructure projects, each milestone reflects the vision and ambition that make this city truly exceptional. For me, Dubai is more than just a place of opportunity - it's a living canvas for innovation, and I'm proud that my journey continues to be part of its evolution. Most memorable project at Emaar? While I've had the privilege of leading many iconic developments, the projects that stand out most are those that have truly shaped Dubai's skyline and enriched community life. My work on transformative destinations such as Downtown Dubai, including the Burj Khalifa and Dubai Mall, Dubai Marina, Dubai Hills, Creek Harbour, and Arabian Ranches reflect a philosophy I've carried throughout my career: to build lasting legacies, not just structures. 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Yahoo
an hour ago
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Oil tumbles as OPEC+ hikes August output more than expected
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an hour ago
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By Florence Tan SINGAPORE (Reuters) -Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, raising concerns about oversupply. Brent crude futures fell 80 cents, or 1.2%, to $67.50 a barrel by 0010 GMT, while U.S. West Texas Intermediate crude was at $65.68, down $1.32, or 2%. The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, agreed on Saturday to raise production by 548,000 barrels per day in August. "The increased production clearly represents a more aggressive competition for market share and some tolerance for the resulting decline in price and revenue," said Tim Evans of Evans Energy in a note. The August increase represents a jump from monthly increases of 411,000 bpd OPEC+ had approved for May, June and July, and 138,000 bpd in April. OPEC+ cited a steady global economic outlook and healthy market fundamentals, including low oil inventories, as reasons for releasing more oil. The decision will bring nearly 80% of the 2.2 million bpd voluntary cuts from eight OPEC producers back in the market, RBC Capital analysts led by Helima Croft said in a note. However, the actual output increase has been smaller than planned so far and most of the supply has been from Saudi Arabia, they added. In a show of confidence in oil demand, Saudi Arabia on Sunday raised the August price for its flagship Arab Light crude to a four-month high for Asia. Goldman analysts expect OPEC+ to announce a final 550,000 bpd increase for September at the next meeting on August 3. Separately, the United States is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, U.S. President Donald Trump said on Sunday, with the higher rates scheduled to take effect on August 1. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
