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Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Financial statements for the 2nd QTR of 2025

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Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Results of Board Decisions by Passing

On August 7, 2025, a circular resolution was passed by the Board of Directors of the National Central Cooling Company PJSC (Tabreed). The resolution, in accordance with Article 36 of the Disclosure and Transparency Regulations, approved the company's unaudited interim accounts for the period ending June 30, 2025. It also authorized the release of these accounts and a press release to the Securities and Commodities Authority and the Dubai Financial Market. Additionally, the board approved the convening of a General Assembly of shareholders at Tabreed's offices in Masdar City, Abu Dhabi, on September 15, 2025, at 11:00 am, pending approval from the Securities and Commodities Authority.

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Press release regarding financial results for the second quarter of 2025

Aramex reported stable group revenues of AED 3.06 billion for the first half of 2025, with a 1% year-over-year increase. The company experienced growth in domestic and logistics revenue, up 13% and 22% respectively, while international express revenue declined by 15%. The shift towards regional logistics solutions is attributed to increased demand for proximity to consumers. Despite stable revenues, profitability was under pressure due to a decline in high-margin international express contributions, resulting in a 6% decrease in gross profit. One-off expenses related to acquisitions and restructuring further impacted earnings, with normalized EBIT and net income showing significant declines. The company is implementing the Accelerate28 transformation program to adapt to industry changes. Additionally, Aramex became a subsidiary of ADQ following a 63% share acquisition, which is expected to foster innovation and growth.

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Financial statements for the 2nd QTR of 2025

Aramex PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending on June 30, 2025.

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Results of BOD Meeting

On Thursday, August 7, 2025, Aramex PJSC held a board meeting with all board members present. The meeting, which took place from 3:00 PM to 5:30 PM UAE time, involved the approval of the company's unaudited interim condensed consolidated financial statements for the second quarter and the first half of the year ending June 30, 2025. Additionally, the board approved the appointment of Gil Adotevi and Renzo Bravo Calambrogio as new members of the Board of Directors. The meeting also included discussions on business updates and routine matters. The meeting results were documented by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

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Dubai Financial Market News

News Update From BHM Capital Financial Services PSC

Disclosure: Results of BOD Meeting

The Board of Directors of BHM Capital Financial Services PSC held a meeting on Thursday, August 7, 2025, starting at 11:00 AM. During the meeting, they approved the financial statements for the first half of the fiscal year 2025 and discussed routine operational matters. The meeting was led by Abdel Hadi Al Sa’di, the Chief Executive Officer.

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Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Press release

Al Salam Bank has partnered with Live Life and Hawar Resort by Mantis to offer an exclusive summer discount for its VISA credit, prepaid, and youth debit cardholders. The offer includes a 10% discount on room rates, spa treatments, and selected food and beverage outlets at the resort. This discount is available when cardholders use their eligible Al Salam Bank card at the resort. The initiative is part of the bank's strategy to enhance lifestyle benefits for its clients through unique experiences in collaboration with various brands. The offer aims to provide a premium staycation experience in Bahrain. Key figures from Al Salam Bank, Live Life, and Hawar Resort expressed their enthusiasm for the collaboration, highlighting its value in enriching cardholders' experiences. Additionally, Al Salam Bank cardholders have access to discounts at over 100 merchants in Bahrain. More details can be found on the bank's website or Instagram account.

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Dubai Financial Market News

News Update From Al Firdous Holdings PJSC

Disclosure: BOD meeting

Office No. 46-2102, owned by Imran Ali Lashari and Ali Asghar Lashari, is located in Business Bay, Dubai, UAE. The contact details include a landline and fax number, along with an email address. A letter dated August 7, 2025, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, announcing a Board of Directors meeting for Al Firdous (P.J.S.C.). The meeting is scheduled for Wednesday, August 13, 2025, at 3:00 PM to approve the preliminary financial statements for the first quarter ending June 30, 2025. The letter is signed by Sheikh Khaled Zayed S. Al Nahyan, Chairman of the Board, and a copy is sent to the Security and Commodities Authority.

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Dubai Financial Market News

News Update From Amlak Finance P.J.S.C

Disclosure: Clarification from the company

The letter, dated August 7, 2025, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It clarifies a discrepancy in reported figures regarding the sale of plots in Ras Al Khor. News articles cited by Knight Frank mentioned a sale value exceeding AED 3 billion, but Amlak disclosed the agreed and executed sale price as AED 2.9 billion. The higher figure in the articles includes estimated registration fees, which were paid by the buyer directly to the Dubai Land Department. The letter is signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, and is copied to the Securities & Commodities Authority.

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Dubai Financial Market News

News Update From Dubai Islamic Bank

Disclosure: Result of Earnings Call

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