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Threads on regulatory news from companies
Threads on regulatory news from companies
Ajman Bank reported a record financial performance in 2025, achieving a net profit before tax of AED 548 million, a 25% increase from the previous year. The bank's net profit after tax also rose by 25% to AED 500 million. Total revenue grew by 10% to AED 1.7 billion, and net revenue increased by 22% to AED 899 million. Non-funded income saw a significant rise of 37% to AED 262 million. The bank's total assets increased by 44% to AED 32.9 billion, with customer financing up 39% and customer deposits growing by 40%. Ajman Bank proposes a 50% cash dividend to shareholders, equivalent to 9.18% of the net profit after tax. The bank's asset quality improved, with the non-performing financing ratio dropping to 7%. The performance reflects strong execution of strategy and a commitment to sustainable growth and long-term value creation.
Ajman Bank PJSC has released its audited consolidated financial statements for the year ending December 31, 2025. These statements are pending approval from the Central Bank of UAE and adoption by shareholders at the Annual General Meeting.
The document is a communication addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It summarizes the outcomes of a Board of Directors meeting held on January 28, 2026. The key points include: approval of the previous meeting's minutes, discussion and approval of the bank's financial statements for the year ending December 31, 2025, setting the date for the Annual General Assembly Meeting on March 3, 2026, and proposing a cash dividend distribution of 9.18 fils per share pending General Assembly approval. Additionally, it mentions two special resolutions for the Annual General Meeting, subject to regulatory approval: updating the bank’s USD 1.5 billion Sukuk Issuance Programme and approving the issuance of additional tier 1 Sukuk for regulatory capital purposes, not exceeding USD 300 million. The document concludes with a note on following up on the bank's routine activities and issuing relevant resolutions.
Dubai Insurance has introduced the first digital wallet for crypto assets in the UAE insurance sector, developed in partnership with Zodia Custody. This wallet allows for secure and transparent transactions involving premiums and insurance claims in digital assets. The initiative represents a significant step in digital transformation, enhancing customer experience and operational efficiency while maintaining high standards of security and governance. Dubai Insurance aims to lead in digital finance innovation, aligning with regulatory frameworks and supporting the evolving financial landscape. CEO Abdellatif Abuqurah emphasized the company's commitment to innovation, risk management, and long-term value, viewing this launch as the start of a broader digital journey in the insurance industry.
The letter is a notification addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, from Lama Takieddin, the Head of Corporate Governance and Board Secretary of Amlak Finance PJSC. It informs him that the Board of Directors of Amlak Finance PJSC will consider resolutions by circulation on Monday, 2 February 2026, at 9 am regarding internal matters. The letter is also copied to the Securities & Commodities Authority.
Mashreqbank P.S.C. has scheduled a Board of Directors meeting on Monday, 2nd February 2026, at 10:00 am. The agenda includes approving the minutes from the previous meeting held on 21st January 2026, approving the Bank's financial statements for the year ending 31st December 2025, and discussing the agenda for the Annual General Assembly meeting for shareholders set for 10th March 2026. The meeting will also cover normal business activities and any other business. The letter is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.
Emirates Building Systems (EBS), a subsidiary of Dubai Investments PJSC, has been awarded a contract to provide the structural steel package for the Sayyid Tarik Bin Taimur Cultural Complex in Oman. This project, covering 50,000 m², will include the National Theatre, National Library, National Archives, and other cultural facilities. EBS will handle the engineering, fabrication, erection, and fireproofing of complex steel structures for the project. The main contractor, SAH–SML Joint Venture, trusts EBS's capabilities based on its experience with major projects in Oman, such as the Duqm Refinery and Port of Duqm.
The Board of Directors invites shareholders to the Annual General Assembly Meeting on February 25, 2026, at the Head Office in Dubai or virtually via a link sent after registration. The agenda includes approving the Directors' Report, Auditors' Report, Internal Shari'ah Supervisory Board's Report, Consolidated Financial Statements for 2025, and the recommendation for a cash dividend distribution. Shareholders will also consider directors' remuneration, absolving the Board and Auditors of responsibility for 2025, appointing auditors for 2026, and approving the renewal of a USD 3 billion Euro Medium Term Note Programme.