Latest Threads on News from companies

Emirates Central Cooling Systems Corporation PJSC (Empower) announced that Dubai Electricity and Water Authority PJSC (DEWA) has increased its ownership stake in Empower from 56% to 80% by acquiring the full shareholding of Emirates Power Investment LLC (EPI). EPI no longer holds any shares in Empower. Despite the change in ownership, Empower will continue to operate as an independent public company on the Dubai Financial Market, focusing on providing efficient and sustainable district cooling services across Dubai. Established in 2003, Empower is the world's largest district cooling services provider, serving major projects throughout Dubai.

The preliminary results for the year ended December 31, 2025, of the Public Joint Shareholders Company, Islamic Arab Insurance Co. – SALAMA (P.S.C), have been released. The company was established on April 29, 1979, with a paid-up, subscribed, and authorized capital of AED 483,021,183. The Chairman of the Board is Essa Ali Bin Salem Bin Jassim Alzaabi, and the Chief Executive Officer is Mohamed Ali Bouabane. The external auditor is Ernst & Young, Middle East. The company's mailing address is 4th Floor, Spectrum Building, Oud Metha, P.O. Box 10214, Dubai. They can be contacted via telephone at +971 4 3577000, fax at +971 4 3577418, or email at info@salama.ae. Note that these results are unaudited and unreviewed.

On 10 February 2026, the Board of Directors of Dubai Refreshment PJSC held a meeting at their main office in Dubai Investment Park 2 and via online video technology. During this meeting, they approved the financial statements for 2025, the company's integrated report for the same year, and the date and agenda for the Annual General Assembly scheduled for 2 April 2026, pending approval from the Capital Market Authority.

Nasdaq Dubai has listed a USD 500 million bond issued by Arab Bank for Investment and Foreign Trade PJSC (Al Masraf), marking the bank's debut in the international debt capital markets. The bond, part of Al Masraf's USD 5 billion Medium Term Note Programme, matures in 2031 and attracted strong investor interest, with demand exceeding USD 1.3 billion, indicating a 2.6 times oversubscription. The issuance drew a diverse group of regional and international investors, including large fund managers, banks, and insurance companies. The bond is rated 'A' by Fitch and is listed on both the London Stock Exchange and Nasdaq Dubai. This listing increases the total outstanding value of debt securities on Nasdaq Dubai to over USD 147.3 billion, highlighting Dubai's role as a significant hub for global fixed-income issuances.

Aramex reported its financial results for the fourth quarter and full year ending December 31, 2025. The company achieved stable revenue performance with group revenues reaching AED 6.36 billion for FY 2025, a 1% increase year-over-year. December 2025 marked a historic high in monthly revenue, highlighting strong peak season demand. The product mix continued to shift towards intra-regional trade and warehousing, with Domestic Express and short-haul regional solutions gaining market share. Logistics-led growth was notable, with an 18% increase in revenue driven by strong contract wins and expanded regional capacity. However, gross profit declined due to changes in revenue mix and pricing pressures in certain markets. The Accelerate28 strategy, involving over 300 initiatives, showed early success in operational efficiency and logistics profitability. Aramex maintained a strong balance sheet with a cash balance of AED 573 million and a Debt-to-EBITDA ratio of 3.2x. Looking ahead to 2026, the company aims to focus on a product-led approach, margin optimization, and investments in automation and infrastructure under the leadership of a new Group CEO.