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Emaar Development reported significant growth in the first half of 2025, with a 37% increase in property sales reaching AED 40.6 billion (US$ 11 billion) and a 59% rise in backlog to AED 117.7 billion (US$ 32 billion). Revenue grew by 35% to AED 10 billion (US$ 2.7 billion), while EBITDA increased by 47% to AED 5 billion (US$ 1.4 billion), maintaining a 50% margin. Net profit before tax rose by 50% to AED 5.5 billion (US$ 1.5 billion), with a net margin of 55%. The company launched 25 new projects, reinforcing its market position. Emaar emphasizes customer satisfaction and sustainable practices. Founder Mohamed Alabbar highlighted the company's resilience and commitment to innovation, sustainability, and shaping the future of urban living.
Emaar Properties PJSC reported strong financial performance for the first half of 2025, with property sales increasing by 46% to approximately AED 46 billion (US$ 12.5 billion) and a backlog growth of 62% to AED 146.3 billion (US$ 39.8 billion). Revenue rose by 38% to AED 19.8 billion (US$ 5.4 billion), and EBITDA increased by 30% to AED 10.4 billion (US$ 2.8 billion). Net profit before tax also grew by 34% to AED 10.4 billion (US$ 2.8 billion). The company attributes its success to strong brand equity, demand for its communities, and a focused strategy. Emaar's credit ratings were upgraded by S&P Global and Moody’s, reflecting its operational excellence and sustained performance. The company is committed to customer satisfaction, talent development, cost efficiency, and advancing its sustainability initiatives.
Sukoon Insurance has been reaffirmed by S&P Global Ratings for its strong market position and stable outlook. The company is recognized for its effective long-term strategy and robust financial performance, even amidst a CEO transition. S&P expects Sukoon to continue diversifying locally and internationally, with growth driven by initiatives like Sukoon Takaful, Lloyd’s syndicate 2880, inward treaty reinsurance, individual life, and Sukoon Workplace Savings Solution. Sukoon's interim CEO, Hammad Khan, highlighted a 20% growth in insurance revenue and a 52% increase in net profits in the first half of 2025. The company's transformation under Mr. Jean-Louis Laurent Josi since 2018 has been noted, with achievements such as rebranding, acquiring Sukoon Takaful, and integrating life portfolios from Generali and Chubb. Sukoon reported insurance revenue of AED 3.1 billion and net profits of AED 192 million for the first half of 2025, with S&P acknowledging its potential for sustainable profitability.