Grew Energy SEIL Merger Approved

10 Mar 2026 CW Team

Grew Energy Limited (Grew Energy) and SEIL Limited (SEIL) have secured approval for their proposed merger, clearing the path for the two companies to combine operations. The approval followed completion of requisite internal and external procedures, and the companies said the decision aligns with strategic objectives to strengthen market position in the energy sector. The merger is expected to create a larger platform for capital allocation and operational coordination across the combined entity.

The combined group will aim to leverage complementary assets and capabilities to enhance efficiency and deliver a broader range of products and services to customers. Management indicated that integration planning will prioritise continuity of service, preservation of employment and alignment of organisational processes while seeking cost efficiencies where feasible. Stakeholders will be engaged through the transition to maintain transparency and minimise disruption to ongoing projects and contracts.

Governance arrangements for the merged entity will be structured to balance continuity with new oversight, and leadership roles will be clarified as integration advances. The companies will undertake regulatory filings and complete customary closing formalities before operational consolidation, and the timeline will depend on receipt of any remaining consents. Financial reporting and compliance frameworks will be harmonised to ensure consistent disclosure and risk management across the enlarged group.

Following completion, the larger organisation will pursue investment opportunities and focus on sustainable growth and resilience in a changing energy landscape. The parties expect the merger to support long term value creation for shareholders, customers and employees while allowing the combined business to respond more effectively to market dynamics. Further updates will be provided as milestones are achieved and approvals are finalised.

Products

20 Apr 2026

OrnaMatte Brings Premium Matte Finishes to Modern Interiors

Action TESA has introduced OrnaMatte, a curated range of 38 matte finishes designed for contemporary interior surfaces. The new offering combines premium aesthetics with practical performance, reflecting the growing demand for surface solutions that balance design appeal with durability. The company said matte finishes continue to gain popularity for their understated, elegant look across modern interiors. OrnaMatte features anti-fingerprint properties, a velvety satin feel, near-zero gloss and 3H scratch resistance, making it suitable for long-term use in residential and commercial spaces. ..

Vestian reports 36% drop in construction activity in Q1

Vestian reported a 36 per cent quarter-on-quarter decline in new office completions to 9.7 million sq ft in Q1 2026, marking the lowest level in the past four quarters amid the West Asia crisis.The slowdown was led by cities such as Bengaluru, Hyderabad and Mumbai, where developers adopted a cautious approach. Hyderabad saw the steepest drop, with completions falling 95 per cent to 0.3 million sq ft from 6.0 million sq ft in the previous quarter.Despite constrained supply, office absorption rose 20 per cent year-on-year to 21.53 million sq ft, driven by sustained demand from global capability ..

fäm Properties reports 95% sales in Dubai 2026 supply

Data from DXBinteract shows that 41,015 of 43,217 units due this year have already been sold. Across the 2026–2029 pipeline, 71.45 per cent of 426,182 units have been committed, indicating sustained absorption levels.The analysis highlights strong demand across leading developers, with several reporting near or full sell-outs. Emaar and Meraas have sold over 99 per cent of their 2026 inventory, while Dubai Holding and Meydan projects are fully sold.Commenting on the trend, Firas Al Msaddi, CEO, fam Properties, said, “Dubai continues to demonstrate a level of forward demand that is structur..