Latest Threads on News from companies

BHM Capital Financial Services PSC has released its condensed consolidated interim financial information for the six-month period ending on June 30, 2025.

Salik has been recognized as the Fastest Growing Transportation Infrastructure Provider in the UAE for 2025 by Global Brands Magazine. This award highlights Salik's achievements in revenue growth, project expansion, and innovation in the transportation sector. The Global Brand Awards honor exceptional performance and innovation across various industries. Salik's recognition reflects its leadership and commitment to advancing transport infrastructure through innovative solutions and strategic growth. Jay Reddy, CEO of Global Brands Magazine, praised Salik for its innovative tolling solutions and commitment to sustainable mobility. Ibrahim Al Haddad, CEO of Salik, expressed pride in receiving the award, emphasizing the company's rapid growth and innovative efforts in enhancing mobility in the UAE. Salik continues to focus on delivering intelligent, customer-centric mobility solutions, contributing to the transformation of transportation infrastructure in the region. Established in June 2022, Salik is Dubai's exclusive toll gate operator, utilizing advanced technologies and holding a long-term concession agreement with the Roads and Transport Authority. Global Brands Magazine, based in the UK, is a leading publication providing insights and news on influential brands.

Tabreed reported a 3% year-on-year increase in revenue to AED 1.11 billion for the first half of 2025, driven by higher cooling demand and significant capacity additions. Net profit rose 2.5% to AED 276 million, supported by business growth and strong EBITDA margins. The company proposed its first-ever interim dividend of 6.5 fils per share for H1 2025. Tabreed added a record 41.6k Refrigeration Tons (RT) in H1 2025, nearly doubling the capacity added in 2024, bringing total capacity to 1.37 million RT. The acquisition of PAL Cooling is expected to add over 182k RT, ensuring long-term growth. The company also strengthened its financial position through refinancing, allowing for continued investment and dividend payouts.