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Deyaar Development PJSC, a prominent real estate developer in Dubai, reported a strong financial performance in the first quarter of 2025, with a net profit before tax of AED 119.8 million, marking a 54% increase from AED 77.6 million in Q1 2024. The company's revenue for the period ending March 2025 was AED 433 million, up 32% from AED 327.8 million in the same period of the previous year. Earnings per share rose from 1.67 fils in Q1 2024 to 2.58 fils in Q1 2025. CEO Saeed Mohammed Al Qatami attributed the positive results to Deyaar's strategic vision and successful project launches, including the AYA Beachfront Residences in Umm Al Quwain. He emphasized the company's commitment to future projects and highlighted the UAE's supportive real estate environment, aligning with the Dubai 2040 Urban Master Plan.
Al Salam Bank announced its financial results for the first quarter of 2025, reporting a net profit attributable to shareholders of BD 18.6 million (US$ 49.3 million), a 32.7% increase from the previous year. The growth was driven by strong performance in core banking operations and subsidiaries. Earnings per share rose to 6.1 fils (US cents 16.2), and total comprehensive income increased by 3.1% to BD 27.0 million (US$ 71.7 million). The Bank's gross income grew by 36% to BD 105.6 million (US$ 280.2 million). Shareholders' equity rose by 8.3% to BD 390.2 million (US$ 1.04 billion), and total assets increased by 4.5% to BD 7.38 billion (US$ 19.58 billion). Financing assets and customer deposits also saw growth, with the Bank maintaining a capital adequacy ratio of 24.8%. The Bank's leadership highlighted the focus on digital initiatives, customer experience, regional expansion, and operational optimization. The financial statements were reviewed by KPMG and are available on the Bahrain Bourse’s website.
Al Ansari Financial Services reported a 10% increase in net profit after tax, reaching AED 109 million, driven by strong operating income and robust performance across all business lines. Operating income rose by 7% year-over-year (YoY) to AED 294 million, contributing to a 13% YoY increase in EBITDA, which amounted to AED 138 million with a margin of 46.8%. Total transactions grew by 1% YoY to 12.5 million, while the value of bank notes transactions increased by 6% YoY to AED 22 billion. The Wage Protection System saw a 27% YoY increase in salary disbursals, reaching 2.5 million. Digital channels experienced a 16% YoY rise in transactions, making up 24% of overall outward remittances. The company is expanding in line with its strategy, with Al Ansari Exchange's physical branches reaching 270 by Q1 2025. Al Ansari Financial Services completed the acquisition of BFC Group Holdings, with figures to be consolidated in Q2 2025, and plans to acquire Al Ansari Exchange in Kuwait by Q2 2025. Additionally, the Al Ansari Digital Wallet is set to launch in Q2 2025.
شعاع كابيتال ش.م.ع. هي شركة استثمار مالية مرخصة تحت رقابة هيئة الأوراق المالية والسلع في الإمارات العربية المتحدة. يقع مكتبها الرئيسي في دبي، وتحديداً في فندق "ذا إتش"، برج المكاتب، الطابق 15، مكتب رقم 1502. في 13 مايو 2025، أُبلغ السيد حامد أحمد علي، الرئيس التنفيذي لسوق دبي المالي، بنتائج اجتماع مجلس إدارة الشركة. خلال الاجتماع، نوقشت أمور متعلقة بأعمال الشركة واتخذت القرارات المناسبة بشأنها. كما تم تحديد يوم الخميس، 15 مايو 2025، لاعتماد البيانات المالية الموحدة والمراجعة للفترة المنتهية في 31 مارس 2025.