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Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Islamic Arab Insurance Company
Disclosure: Press release regarding financial results for the 2nd QTR of 2025

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.

1. Disclosure: Press release regarding financial results for the 2nd QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Islamic Arab Insurance Company
Disclosure: Resignation of BOD members

1. Disclosure: Resignation of BOD members

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Islamic Arab Insurance Company
Disclosure: Detailed Analysis Accumulated Losses

The document is a compliance form prepared according to the SCA Board of Directors' Decision No. (32/R.M.) of 2019, which mandates that companies with shares listed on the market and accumulated losses amounting to 20% or more of their paid-up capital must comply with specific provisions. The Islamic Arab Insurance Company (SALAMA) has accumulated losses of AED 440,684,313, which is 46.90% of its paid-up capital, as of June 30, 2025. The losses are attributed to several factors: a provision of AED 288,467,043 in 2024 for qualified assets linked to ongoing litigation since 2019, a provision of AED 28.02 million in 2023 for an irrecoverable reinsurance share related to a large fire claim, a goodwill impairment of AED 49 million due to the devaluation of the Egyptian pound and inflation in Egypt, and 2023 profits affected by unrealized losses of AED 71.2 million on shareholder investments and provisions of AED 12.01 million for credit losses, in line with IFRS 9.

1. Disclosure: Detailed Analysis Accumulated Losses

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Islamic Arab Insurance Company
Disclosure: Financial statements for the 2nd QTR of 2025

The document is a review report and interim condensed consolidated financial statements for Islamic Arab Insurance Co. (Salama) PJSC and its subsidiaries, dated 30 June 2025. The report is unaudited.

1. Disclosure: Financial statements for the 2nd QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Islamic Arab Insurance Company
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From National Central Cooling Co.
Disclosure: Result of Earnings Call

On August 8, 2025, the National Central Cooling Company (Tabreed) held an earnings call at 3 PM to discuss its financial results for the period ending June 30, 2025. The documents related to the earnings call are available on Tabreed's Investor Relations website. The communication is addressed to Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Hamed Ahmed Ali, CEO of the Dubai Financial Market. The letter is signed by Sean Magee, the Company Secretary.

1. Disclosure: Result of Earnings Call

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Dubai Financial Market PJSC
DFM News: DFM Regulated Short Sell – Weekly Summary – August

The weekly summary for DFM Regulated Short Sell Transactions from August 4 to August 8, 2025, reports that Dubai Islamic Bank PJSC had a short sell trade volume of 20,000 and a trade value of AED 199,400. Additional information on Regulated Short Selling can be found in the DFM Market Rules and related documents available on the DFM website. The announcement is also accessible on the DFM website. The document includes a disclaimer stating that the information is subject to change and DFM is not liable for any losses incurred from using the document's content.

1. DFM News: DFM Regulated Short Sell – Weekly Summary – August

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From EMAAR DEVELOPMENT PJSC
Disclosure: Earnings Call

Emaar Development PJSC has scheduled an earnings call to discuss the financial statements for the second quarter ending June 30, 2025. The call will take place at 4:30 PM on Friday, August 15, 2025. This notification is addressed to Mr. Hamed Ali, CEO of the Dubai Financial Market, and is also copied to the Securities & Commodities Authority. The letter is signed by Ahmad Thani Rashed Almatrooshi from Emaar Development PJSC.

1. Disclosure: Earnings Call

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Emaar Properties PJSC
Disclosure: Earnings Call

Emaar Properties PJSC has announced an earnings call regarding the company's financial statements for the second quarter ending June 30, 2025. The call is scheduled for 4:30 PM on Friday, August 15, 2025. The notification was addressed to Mr. Hamed Ali, CEO of Dubai Financial Market, and was sent by Ahmad Thani Rashed Almatrooshi. The Securities & Commodities Authority was also copied on the notification.

1. Disclosure: Earnings Call

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From AMANAT HOLDINGS PJSC
Disclosure: Board Decisions by Passing

1. Disclosure: Board Decisions by Passing

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