NSH achieves historic mass concrete pour at Amiral site

Nasser S. Al-Hajri Corporation has successfully executed the single largest continuous mass concrete pour in the history of the Amiral Project Complex.
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Updated 10 August 2025
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NSH achieves historic mass concrete pour at Amiral site

In a landmark display of engineering expertise, operational precision, and safety excellence, Nasser S. Al-Hajri Corporation successfully executed the single largest continuous mass concrete pour in the history of the Amiral Project Complex. This has resulted in placing an extraordinary 5,010 cubic meters of concrete, with six pump trucks delivering 835 cubic meters each, and two pump trucks on standby over a 24-hour period for the Clean Water Lifting Basin under the HDPE and Logistics Package 2 and 3.

This record-breaking pour not only reinforces NSH’s reputation as a regional leader in industrial construction but also marks a pivotal structural milestone for the Amiral Derivatives and Logistics Megaproject, a flagship initiative led by SATORP, Maire Tecnimont, and strategic partners.

The massive operation was the result of weeks of meticulous planning, culminating in joint concrete design and logistics meetings held on July 27 and 28. The pour began precisely at 4:30 p.m. and was completed the next day at the same hour — executed with zero major incidents and full compliance with project safety and quality standards.

Throughout the 24-hour operation, strict safety protocols and engineering oversight were enforced. No first aid cases were reported — a testament to NSH’s unwavering commitment to workplace safety and planning excellence.

“This was a truly challenging job — handling over 1,215 tons of steel, intensive formwork, and non-stop concrete placement — and yet we executed it without a single incident. That speaks volumes of the team’s discipline and dedication,” said site leadership in a statement.

Site-wide coordination involved real-time QC inspections, flagman-led traffic management, 24/7 lighting, and specialized crews assigned to each pump station. Toolbox talks and safety briefings ensured all personnel remained aligned with the project’s expectations.

The milestone event was formally flagged off in the presence of key executives and stakeholders, including Ganesh Ravi Pillai, executive director; Suresh, senior vice president; Augustin, regional operations director of NSH; Sherin, regional manager of NSH; Guna, senior project manager; senior personnel from Maire Tecnimont and SATORP, Amiral site leadership from SATORP and project EPC partners.

“We’re proud of our Amiral team. This is a recordable achievement for the NSH family — the result of seamless coordination, disciplined execution, and total team effort. Congratulations to all involved,” said Pillai, addressing the site team after completion.

Also in attendance were representatives from Qanbar Readymix, who played a crucial role in maintaining supply flow, supported by their operational and quality teams.

This pour forms the structural foundation for the Clean Water Lifting Basin — a core component of the Amiral project’s logistics infrastructure. 

Its successful completion ensures readiness for downstream units critical to the facility’s operation and is a vital step in Saudi Arabia’s push toward becoming a global petrochemical hub.

“NSH has once again demonstrated the capability to lead complex, high-stakes executions with precision,” said senior representatives from Maire Tecnimont and SATORP.

NSH continues to set benchmarks in industrial construction, engineering excellence, and safety-first executions. This historic pour at the Amiral site reaffirms NSH’s role as a trusted partner in advancing the Kingdom’s most ambitious industrial programs.


GIB Capital strengthens regional leadership with $2.1bn ICM transactions

Updated 15 December 2025
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GIB Capital strengthens regional leadership with $2.1bn ICM transactions

GIB Capital, one of the region’s leading financial and investment banking advisers, has announced the successful execution of three major international capital markets transactions in November, underscoring the firm’s growing influence and distribution strength across global debt markets.

In a single month, GIB Capital acted in joint lead manager roles across three landmark issuances — supporting clients in the banking, aviation and government sectors — and attracting an aggregate of more than $4.6 billion in investor demand from the Middle East, Europe, Asia, the UK and the US. These transactions, which collectively raised over $2.1 billion, further demonstrate the confidence international investors place in GCC issuers and the strategic value GIB Capital brings to each mandate.

The firm began the month by serving as joint global coordinator, joint lead manager and bookrunner on the inaugural ICM issuance for GIB — Saudi Arabia. The $500 million perpetual non-call 5.5-year additional Tier 1 instrument was priced on Nov. 5 and generated an impressive $1.3 billion in orders, achieving a 2.6-times oversubscribed orderbook. The strong participation from regional, UK, Asian and European investors reflect the bank’s robust credit fundamentals and GIB Capital’s ability to deliver global reach for its clients.

On the same day, GIB Capital also acted as joint lead manager and bookrunner for AviLease’s first-ever ICM transaction — an $850 million bond offering that attracted exceptionally strong interest, closing in at over 3.7 times oversubscribed orderbook. The transaction drew participation from a diverse pool of regional, US, UK, European and Asian investors, highlighting the appeal to Saudi Arabia’s fastest-growing aviation leasing company. 

Further reinforcing its leadership in Islamic finance, GIB Capital concluded the month as joint lead manager and bookrunner on the government of Sharjah’s $750 million sukuk issuance, priced on Nov. 18. The transaction secured $2 billion in orders, representing a 2.6-times oversubscribed orderbook, with interest coming primarily from regional, UK and European accounts. This issuance marked government of Sharjah’s first US dollar public issuance in 2025 and benefited from strong investor confidence toward Sharjah’s credit story and in GIB Capital’s advisory expertise.

Commenting on the milestone month, Osamah Mohammed Shaker, CEO of GIB Capital, said: “These three successful issuances reflect the depth of trust our clients place in GIB Capital and the strength of our distribution network across global markets. The robust oversubscriptions and high-quality investor participation are clear indicators of the continued confidence in GCC credit stories and the resilience of the region’s economic outlook. We remain committed to delivering best-in-class execution, innovative structuring, and strategic advisory that enable our clients to access international liquidity efficiently and competitively.”

With a growing portfolio of successful mandates, GIB Capital continues to expand its presence as a leading provider of debt capital markets solutions, capital markets advisory, mergers and acquisitions, debt advisory, asset management and brokerage services. Combining deep regional insight with global investor connectivity, the firm remains committed to supporting clients across sectors with innovative, tailored, and high-impact financial solutions.