Latest Threads on News from companies

Moody's Ratings has reaffirmed Salik Company PJSC's investment-grade credit rating of "A3" with a stable outlook. This decision reflects Salik's low business risk profile, limited competition, and a long-term concession agreement with the RTA. The rating highlights Salik's strong financial performance, operational resilience, and effective capital market strategies. Salik benefits from consistent traffic growth due to favorable economic and demographic trends in Dubai. The company maintains a robust balance sheet, strong liquidity, and significant cash flow generation. As of September 2025, Salik's net debt/EBITDA ratio was 2.61x, well below its debt covenant, and it generated AED 1.47 billion in free cash flow for the nine-month period, marking a 39.5% increase year-over-year. CEO Ibrahim Sultan Al Haddad expressed satisfaction with the rating reaffirmation, emphasizing the company's strong financial position and strategic success. While there are no immediate plans for public debt issuance, the investment-grade rating ensures Salik's readiness to access capital markets if needed.

GFH Financial Group announced the purchase of 563,542 treasury shares, increasing its total treasury shares from 256,446,509 (6.691% of total issued shares) to 257,010,051 (6.706% of total issued shares) as of December 9, 2025. The decision to purchase was made during a board meeting on March 2, 2025, and approved by the authority on October 20, 2025. The average purchase price was USD 0.592. There are 126,249,332 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

On December 9, 2025, the Board of Directors of Gulf Navigation Holding PJSC held a meeting. During this meeting, they approved regular company matters and other business. Additionally, Mr. Alvaro Benevides was appointed as the Board Secretary. The communication is signed by Ali Abouda, the Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.

On December 9, 2025, the Board of Directors of Dubai Refreshment PJSC held a meeting at 10:00 AM at the company's headquarters in Dubai Investment Park 2, Dubai, as well as via online video technology. During the meeting, they discussed various internal matters and made appropriate decisions. The communication was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, and was signed by Karem Mahmoud, the Director of Legal Affairs at Dubai Refreshment PJSC.

Empower, the world's largest district cooling services provider, has announced its Diamond Sponsorship of the International District Energy Association (IDEA) conferences and exhibitions for 2026. This marks the third consecutive year of Empower's sponsorship, highlighting its leadership in the global district cooling sector and its role in promoting industry advancement and collaboration. The IDEA events bring together leaders and innovators from the utility and energy sectors to explore solutions in district cooling, heating, and sustainable energy infrastructure. These events serve as a global forum for sharing best practices and showcasing innovations that enhance the resilience and sustainability of district cooling systems worldwide. Empower's continued participation underscores the UAE's leadership in sustainable urban development and commitment to global knowledge sharing. Ahmad Bin Shafar, CEO of Empower, emphasized the company's dedication to supporting the global development of the district cooling sector and fostering innovation and collaboration for more sustainable cities.

Dubai Investments, through its subsidiary Dubai Investment Real Estate, has announced the launch of Al Vista, a mixed-use development in Meydan Horizon, Dubai, valued at AED 1.3 billion. Al Vista will feature a 39-storey residential tower with 312 apartments and a 19-storey commercial tower offering 120,000 sq. ft. of office space. The development aims to integrate residential, commercial, and retail spaces, offering amenities such as an infinity pool, gymnasium, and landscaped podiums. The project is designed to provide a modern urban living experience with direct access to major transport routes and is scheduled for completion in December 2027.

The document outlines the margin parameters for DFM Futures, effective November 10, 2025. It lists various underlying symbols, their base margin percentages, and the margin per contract in AED or USD, along with the spread margin per contract. The margin percentages range from 5% to 12% depending on the symbol. The methodology for margin calculation is detailed in the Derivatives Clearing Guidelines and Procedures, which can be accessed online. The announcement is available on the Dubai Financial Market website, and the information is subject to change. It is noted that this document does not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation, which will prevail in case of discrepancies.