Latest Threads on News from companies

GFH Financial Group B.S.C. announced that its Board of Directors held a meeting on Tuesday, 14th May 2024, at 2:00 pm Bahrain time. During the meeting, they discussed and approved the financial results for the first quarter of 2024, ending on 31st March 2024, along with other internal matters. The financial results for the first quarter of 2024 are attached. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Tabreed, a leading district cooling company, reported its Q1 2025 financial results, showing increases in both EBITDA and net profit compared to Q1 2024. EBITDA rose by 4% to AED 283 million with a margin of 61%, while net profit after tax grew by 3% to AED 115 million. Key developments included raising USD 700 million through a Green Sukuk, which helped refinance debt and improve the balance sheet by converting short-term debt to long-term maturities and reducing net debt by 3%. Additionally, Tabreed announced a significant concession agreement with Dubai Holding Investments to provide district cooling services to Palm Jebel Ali, requiring an investment of AED 1.5 billion. This deal is the largest in the company's history, representing a major milestone. Shareholders also approved a cash dividend of 15.5 fils per share for 2024, yielding 5.6% at the current share price.

On 13 May 2025, the Board of Directors of the National Central Cooling Company PJSC, also known as "Tabreed," held a meeting. During this meeting, the board approved the unaudited interim financial accounts for the period ending 31 March 2025. They also agreed to release these accounts and a press release to the Securities and Commodities Authority and the Dubai Financial Market. The meeting was conducted in accordance with the Disclosure and Transparency Regulations.

The document is a review report and unaudited interim condensed financial statements for Orient Takaful P.J.S.C. as of March 31, 2025.

GFH Financial Group B.S.C. announced that following unusual trading activity of its shares in Boursa Kuwait on May 13, 2025, there is no additional undisclosed material information beyond what has already been shared by the group. This statement aligns with the guidelines of Boursa Kuwait and the Capital Markets Authority's regulations. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Amanat Holdings PJSC has released its unaudited interim condensed consolidated financial statements for the period ending on March 31, 2025.