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Threads on regulatory news from companies
On 26 March 2026, the Board of Directors of Gulf Navigation Holding PJSC held a meeting and made several resolutions, subject to the approval of the Capital Market Authority (CMA). The board approved calling for the annual general assembly meeting on 24 April 2026 and set the agenda for the meeting for the financial year ending 31 December 2025. They also agreed to open nominations for seven board members for the next three years. Additionally, the board recommended a share buyback of up to 5% of the company's share capital and proposed changing the company's name, both requiring shareholder approval at the annual general meeting.
Taaleem Holdings PJSC, a prominent K-12 education provider in the UAE, reported strong financial results for the first half of the 2025/26 fiscal year, ending on February 28, 2026. The company achieved operating revenues of AED 766.3 million, marking an 18.1% year-over-year increase, primarily due to a 12.5% rise in premium school enrolments and a 2.7% increase in average tuition fees. Net profit, including contributions from Kids First Group, rose by 2.9% to AED 177.6 million, despite higher financial costs from strategic growth initiatives. EBITDA, excluding KFG, reached AED 280.0 million, up 11.5% year-over-year, with a margin of 36.5%. The company expanded its premium school capacity by 10.5% and maintained operational continuity despite regional challenges. However, net profit margins decreased from 26.6% to 23.2% due to increased finance costs.
Taaleem Holdings P.J.S.C. and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the six-month period ending on February 28, 2026.
The board meeting for Taaleem Holdings PJSC was held on Thursday, 26 March 2026, from 3:00 PM to 5:00 PM, with all nine board members present, achieving a 100% quorum. The board approved the interim condensed consolidated financial statements for the six-month period ending 28 February 2026 and authorized their publication. The meeting was presided over by Khalid Al Tayer, the Chairman of the Board of Directors.