Latest Threads on News from companies

GFH Financial Group B.S.C. announced the successful completion of their webcast for the second quarter financial results of 2025. The webcast took place online on Thursday, 14th August 2025, at 1:00 p.m. Bahrain time. The announcement follows a previous notification made on 3rd August 2025, inviting shareholders and investors to attend. The presentation and script from the webcast are attached. The announcement was made by Mariam Jowhary, Head of Compliance & AML, and includes the company seal.

Gulf Navigation Holding PJSC (GULFNAV), a maritime and shipping company listed on the Dubai Financial Market, reported its unaudited financial results for the second quarter ending June 30, 2025. The company achieved a net profit of 7.4 million dirhams, marking a return to profitability. Revenue increased to AED 28.5 million, a 110% rise from AED 13.6 million in Q2 2024. Gross profit was AED 6.2 million, compared to a gross loss of AED 12.5 million in the previous year, while direct costs decreased by 22% to AED 22.3 million. Cash and bank balances rose to AED 24.4 million from AED 5.2 million at the end of 2024. The improvements were attributed to higher vessel chartering activity, better fleet utilization, and cost discipline. CEO Ahmad Kilani highlighted the company's focus on fleet efficiency and financial management, as well as a strategic acquisition to enhance competitive capabilities and growth prospects.

On 14 August 2025, the Board of Directors of Gulf Navigation Holding PJSC held a meeting. During this meeting, they approved the interim financial statements for the six-month period ending on 30 June 2025. Additionally, they approved regular matters and any other business matters of the company. The communication was addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi. The letter was signed by Nader Muqbel, Investor Relations Director of Gulf Navigation Holding PJSC.