
Union Properties PJSC
Pressreleases, Reports and Disclosures for Union Properties PJSC
The text is a nomination form for individuals interested in becoming a board member of Union Properties PJSC for a three-year term. Candidates can choose to be an executive member, a non-executive independent member, or a non-executive non-independent member. The nominee must confirm their eligibility according to Federal Law No. (32) of 2021 and other relevant regulations. Required documents include a resume, a statement of board memberships or competing work, a statement of shares owned in other companies, a criminal status certificate, and identification documents. Incomplete applications will be invalid. Definitions of executive and non-executive board members are provided.
The text is a proxy form allowing a shareholder to appoint someone to represent them and vote on their behalf at an Annual General Assembly meeting scheduled for April 7, 2026. The meeting can be attended remotely via e-voting or in person. The form requires the shareholder's and proxyholder's information, including their names, investor number, and mobile numbers. It must be signed and dated. After completion, the form should be uploaded with supporting documents electronically. The registrar may contact shareholders to verify the information provided.
Union Properties has joined the Massachusetts Institute of Technology's Industrial Liaison Program to enhance its technology-driven transformation in real estate. This collaboration will allow Union Properties to engage with MIT's academic and entrepreneurial ecosystem, focusing on emerging technologies to foster innovation and develop future-oriented real estate models. The initiative is structured around four strategic pillars, emphasizing learning and development for employees, access to global best practices, and the creation of business case studies within MIT's framework. It also includes customized executive education and leadership training programs to improve decision-making and internal capabilities. Additionally, the membership provides Union Properties with a platform for engaging with MIT-affiliated startups, supporting strategic initiatives and investment opportunities aligned with its long-term goals.
Union Properties PJSC announced its audited financial results for 2025, highlighting a significant performance improvement and the proposal of a cash dividend of AED 3 Fils per share, marking the first dividend in 11 years. The company reported a 39.4% increase in total revenue, reaching AED 736.9 million compared to AED 528.7 million in 2024. Operating profit rose to AED 240.7 million from AED 161.8 million in 2024, and the company achieved a record cash balance of AED 494.2 million. These results reflect disciplined financial management and a focus on value-driven projects. The return to dividend distribution indicates a new era of financial resilience and positions the company for sustainable growth. CEO Eng. Amer Khansaheb stated that 2025 was a turning point, with enhanced profitability and full repayment of legacy debt, setting a solid foundation for future growth in 2026.