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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From BHM Capital Financial Services PSC
Disclosure: Notification from the company

1. Disclosure: Notification from the company

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on SALIK shares starting from 10:10 AM after disclosing the results of its BOD meeting. The Resume-Auction session (no-matching) will be 5 minutes
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Salik Company PJSC
Disclosure: Press release regarding financial results for the Fourth QTR of 2024

Salik Company PJSC, Dubai's toll gate operator, reported financial results for FY 2024, showing an 8.7% increase in total revenue to AED 2.3 billion and a 13.6% rise in EBITDA to AED 1.6 billion. Revenue-generating trips increased by 8% to 498.1 million, supported by the launch of two new toll gates. The company declared cash dividends of AED 619.8 million for the second half of 2024. His Excellency Mattar Al Tayer, Chairman, highlighted the company's strong financial performance and strategic milestones, including partnerships aimed at expanding revenue streams and enhancing mobility solutions. CEO Ibrahim Sultan Al Haddad noted robust Q4 performance and revised guidance for FY25, projecting revenue growth of 28-29% and an EBITDA margin of 68-69%. The company's initiatives include variable pricing, new gates, and collaborations for innovative parking and insurance solutions. Net profit before tax rose by 16.6% to AED 1.3 billion, with total trips up by 7.6% to 638.2 million and active registered accounts increasing by 7.4% to 2.6 million. Despite a new 9% corporate tax, profit for the period grew by 6.1% to AED 1.2 billion. The total dividend for 2024 was AED 1,164.5 million, equivalent to 15.5275 fils per share.

1. Disclosure: Press release regarding financial results for the Fourth QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Salik Company PJSC
Disclosure: Integrated report for the year 2024

1. Disclosure: Integrated report for the year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Salik Company PJSC
Disclosure: Financial statements for the year of 2024

1. Disclosure: Financial statements for the year of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Salik Company PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has increased the employment of Emirati nationals in professional and administrative roles, achieving significant growth in Emiratisation by the end of 2024. Female employees make up 45.37% of Empower's Emirati workforce, while male employees represent 54.63%, demonstrating the company's commitment to gender balance and national talent development. CEO Ahmad bin Shafar highlighted Empower's focus on enhancing UAE human capital, increasing engagement in strategic sectors, and equipping Emiratis for future challenges. Empower's strategic plan aligns with the UAE government's vision to boost Emiratisation and recognizes the importance of integrating Emirati women into the workforce as equal partners in the nation's development.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on ALRAMZ shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on SALIK shares starting from 9:30 AM as its BOD meeting is being held today, 04-03-2025 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: Today, 04/03/2025 is the last trading date to entitle for EMIRATESNBD’s cash dividend
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