Latest Threads on News from companies

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has scheduled a Board of Directors meeting. The meeting will take place at 3:00 PM on Thursday, August 14, 2025, to discuss the approval of the company's consolidated and audited financial statements for the period ending June 30, 2025, and other business-related matters. The company is headquartered in Dubai, UAE.

The Board of Directors of Gulf Navigation Holding PJSC is scheduled to meet on Thursday, 14 August 2025, at 10:00 am. The agenda includes considering the approval of the company's interim financial statements for the six-month period ending 30 June 2025, as well as addressing regular matters and any other business. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority. The letter is signed by Nader Muqbel, Investor Relations Director at Gulf Navigation Holding PJSC.

Salama, a regional Takaful provider, reported a strong financial performance for the first half of 2025, with a net profit of AED 8.25 million, largely driven by a profit of AED 7.86 million in the second quarter. The company's equity rose by 5.2% to AED 351.84 million, aided by improved profitability and a reduction in accumulated losses. Takaful revenue was AED 515.36 million, slightly down from the previous year. Cash reserves increased significantly, reflecting effective cash management, while Takaful service expenses were reduced, enhancing operational efficiency. Total comprehensive income improved to AED 19.57 million, compared to a loss in the same period in 2024. Salama's leadership highlighted the company's focus on strengthening its balance sheet, operational efficiency, and customer-centric initiatives, positioning it well for future growth.