Latest news with #Dhs33
Time Out Abu Dhabi
01-05-2025
- General
- Time Out Abu Dhabi
Al Sultan Restaurant & Grill in Abu Dhabi
It's safe to say that once Abu Dhabi diners find a place they love, they become a whole new level of loyal customers. They visit year in and year out, meaning many of the capital's best restaurants have truly stood the test of time. But it's not every day, however, that you come across a restaurant that's almost as old as the nation itself. Enter Al Sultan Restaurant & Grill, a casual eatery that's been operating for over 50 years in one of the capital's OG neighbourhoods, Al Danah. Serving up Middle Eastern far since 1975, Al Sultan's reason for success is simple: delicious grills at a very (very) competitive price. (Credit: Al Sultan Restaurant & Grill) This place is as old-school as it gets, but that's what gives it a certain charm. Here, you're getting no frills and a simple setup of wooden chairs and tables spread across the entire restaurant, which means your focus is on the food – and rightly so. Start by getting your hands on the usual dips, from hummus to muhamara and a wonderfully garlicky fattah laban topped with plenty of crunch. All salads and starters are priced under Dhs25, so order a few to share and keep your bank account full. But your best bet is not to sweat any of the small stuff and go straight for the meat – sorry, veggies. Al Sultan is particularly celebrated for its arayes, priced at Dhs33 for a plate of three. Spiced ground lamb is tucked into Arabic bread, then grilled until the exterior crisps and the filling sizzles. Each bite offers meat infused with delicious spices that are enhanced by the smoky char of the pita. You'll find hundreds of these flying out the kitchen on the daily. (Credit: Al Sultan Restaurant & Grill) Another star dish at Al Sultan is the kabab keshkash, which features cracked wheat cooked down in a rich, spiced tomato sauce and topped with lamb skewers before it's finished with a drizzle of olive oil. It's pure comfort on a plate and all for a price that will make you smile (like, really smile). Meanwhile, the mixed grill platters are a nice selection of Levantine and Persian-style meats, which are great to order for a large group. While service is friendly, it can sometimes feel a little rushed (so many people want to have what you're having, after all). It's easy to see why Al Sultan has hordes of people dining all day, every day. It's an OG for a reason, and an entire nation of people (clearly) agree.
Gulf Today
12-03-2025
- Automotive
- Gulf Today
Sanad's revenues rise by 40%, hitting Dhs4.92 billion in 2024
Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company (Mubadala), has announced exceptional financial results for 2024, surpassing the $1 billion milestone for the first time in its history. The company reported Dhs4.92 billion ($1.34 billion) in revenues, a 40% increase from Dhs3.4 billion ($925 million) in 2023, underscoring its rapid expansion and strategic market positioning. Sanad's exceptional performance was fueled by unprecedented global demand for engine MRO services, expansion into key global markets, and transformative strategic agreements with leading airlines and global Original Engine Manufacturers (OEM). Sanad's Leasing division witnessed significant achievements, executing five major transactions exceeding Dhs1.8 billion ($490 million) in combined value, positioning the division to develop its new long-term growth strategy. The company's Dhs33 billion order book was bolstered by major partnerships with Air Mauritius, Deucalion Aviation, Asiana Airlines, and Lion Air, propelling its contracted business by an additional Dhs4 billion in 2024. Additionally, Sanad's global expansion strategy was reinforced by establishing a dedicated sales presence in Singapore, further strengthening its footprint in the high-growth APAC region and enhancing its global sales network. Amer Siddiqui, Group Chairman of Sanad, stated, 'Sanad's record-breaking performance in 2024 is a testament to our resilient strategy, operational excellence, and long-term investment plans. This achievement reinforces our pivotal role in Abu Dhabi's vision of becoming a global aviation hub which solidifies Sanad's position as a leader in the global aviation market. Our continued growth underscores the strength of our business model and our unwavering commitment to delivering world-class solutions to our partners from our home base in Abu Dhabi.' Mansoor Janahi, Managing Director and Group CEO of Sanad, said, '2024 was a transformational year for Sanad. Surpassing $1.34 billion in revenue reflects the strong market demand for our services, our advanced engine MRO and leasing capabilities, and the dedication of our exceptional teams. With strategic expansions, new partnerships, and an unwavering focus on innovation and service-delivery, we are well-positioned to sustain this momentum and drive the future of the aerospace sector in Abu Dhabi.' Sanad further solidified its position as a leading independent engine MRO service provider, recording 161 engine inductions, a 29% increase from 2023. This surge was fueled by soaring demand for Trent 700, V2500, and LEAP engine maintenance. To accommodate this demand, Sanad invested over AED 100 million to expand its MRO infrastructure, ensuring state-of-the-art engine repair and maintenance capabilities. As part of its continued growth, Sanad marked the first anniversary of its LEAP Engine MRO Center which was inaugurated in 2023, expanding its expertise to include both LEAP-1A and LEAP-1B capabilities. This milestone reinforces Sanad's commitment to capability development and service excellence in the global aviation industry. To strengthen its market presence, Sanad has also established a dedicated sales presence in Singapore, complementing its existing sales teams in Europe and the Middle East. This expansion reinforces its global sales network and positions the company closer to key customers in the high-growth APAC region. In 2024, Sanad's MRO division processed 54 V2500 engines, 40 Trent 700 engines, 28 GEnx engines, and 21 LEAP engines, performing over 43,000-part inspections and 19,000 in-house repairs. Additionally, Sanad welcomed seven new customers in 2024, bringing its total customer base to over 40, including leading airlines and OEMs worldwide. This expansion of capacity and capabilities, combined with growing global air travel, positions Sanad as a preferred partner for airlines and OEMs worldwide. Sanad's Leasing division played a pivotal role in revenue growth executing a total of five strategic deals, with a combined capital value exceeding AED 1.8 billion. These deals underscored Sanad's ability to optimize its asset portfolio and enhance financial strength through strategic monetizations. Among the division's standout achievements was the sale of 16 engines to Etihad Airways, valued at nearly AED 1.5 billion. Additionally, high-value CFM56 engine transactions with CFM Materials and component sales to AerSale, further bolstered Sanad's financial position, demonstrating its ability to extract maximum value from its leasing assets. Sanad also completed the sale of a GE90 engine and key component transactions with AerCap, executed the sale of two CFM56-7B26 engines to CFM Materials. These strategic asset monetization efforts further enhanced Sanad's financial position and supported its long-term growth strategy.
