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Threads on regulatory news from companies
Threads on regulatory news from companies
Al Masar Education Company does not include the real estate assets of North London Collegiate School Dubai (NLCS) in its financial results. These assets are, however, included in the financial results of Amanat's Education business.
Amanat Holdings PJSC has released its consolidated financial statements for the year ending on December 31, 2024. For more details, visit their website at www.amanat.com.
Air Arabia announced a record pre-tax profit of AED 1.6 billion for the year ending December 31, 2024, a 4% increase from the previous year. The airline's revenue grew by 11% to AED 6.63 billion, and passenger numbers rose by 12% to 18.8 million. The fourth quarter saw a net profit increase of 56% to AED 351 million, with quarterly revenue exceeding AED 1.65 billion. The Board of Directors proposed a cash dividend of 25 fils per share. In 2024, Air Arabia expanded its network by adding 31 new routes, leading to a 13% increase in operational capacity and a 2% rise in seat load factor to 82%.
On February 13, 2025, the Board of Directors of Air Arabia held a meeting at 3:00 PM. During the meeting, they approved the financial results for 2024, coordinated with the relevant authority to call for an Annual General Meeting (AGM), and proposed a cash dividend distribution of 25% of the capital, equivalent to 25 Fils per share.
Dubai Investments announced that its subsidiaries, GlobalPharma and Emirates Float Glass (EFG), have signed Memorandums of Understanding (MOUs) during a meeting in Doha, Qatar, aimed at promoting industrial growth and sustainable development. The agreements, supported by the Ministry of Industry and Advanced Technology, involve collaboration with various regional partners. GlobalPharma signed an MOU with Morocco's Zenith Pharma to enhance pharmaceutical production, focusing on critical medications, with an investment of over $50 million. Emirates Float Glass signed an MOU to supply float glass to a regional company, enhancing cooperation in the glass manufacturing sector. GlobalPharma was recognized for its contributions to pharmaceutical research and development.