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News Update From Dubai Financial Market PJSC

Disclosure: BOD meeting

The Dubai Financial Market PJSC has scheduled a Board of Directors' meeting on Thursday, 31 July 2025, at 3:00 PM. The meeting will focus on discussing the company's financial statement for the second quarter ending 30 June 2025, along with regular matters and any other business.

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Dubai Financial Market News

News Update From TECOM GROUP P.J.S.C.

Disclosure: BOD meeting

The Board of Directors of TECOM Group PJSC will meet on Thursday, 31 July 2025, at 3:00 PM to discuss and approve several matters. These include reviewing the condensed consolidated interim financial statements for the first half of the financial year ending 30 June 2025, considering the distribution of an interim cash dividend for the same period, and addressing regular matters and any other business. A copy of this disclosure is also being sent to the Securities and Commodities Authority.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Empower Insulated Pipe Systems (ELIPS), a subsidiary of Emirates Central Cooling Systems Corporation, has secured a contract to supply insulated pipes for the Ali Al-Sabah Military Academy project in Al Zahra, Kuwait. The contract includes pipe sizes from 25 mm to 800 mm, covering a network of 19 kilometers, with deliveries beginning in the fourth quarter of 2025. ELIPS emphasizes precision, quality, and safety, adhering to international standards. This project adds to ELIPS's portfolio in Kuwait, which includes developments like Kuwait University and industrial zones in Sabah Al Ahmad City. ELIPS aims to support the project's sustainability goals and Kuwait's vision for carbon neutrality. The company's expansion strategy focuses on sustainable growth and environmental protection, leveraging innovation and advanced technologies. The project, supervised by Dar Al Khaleej Engineering Consulting and implemented by Hydrotech Engineering, underscores Kuwait's commitment to sustainable solutions, particularly through district cooling systems. ELIPS has produced over 880 kilometers of insulated pipe systems in the past 16 years, with a 40% production increase in the last five years.

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Dubai Financial Market News

News Update From Dubai Islamic Bank

Disclosure: BOD meeting

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Dubai Financial Market News

News Update From Dubai Taxi Company PJSC

Disclosure: Press release regarding financial results for the 2nd QTR of 2025

Dubai Taxi Company PJSC (DTC) reported strong financial results for Q2 2025, with a 33% year-on-year increase in net profit to AED 105.4 million. The company completed 13.6 million trips across its taxi and limousine segments, a 19% increase from the previous year. DTC has integrated over 6,000 taxis into the Bolt platform, including 700 airport taxis, as part of its strategy to develop the UAE’s largest e-hailing platform. Revenue for the quarter rose by 18% to AED 625.2 million, while EBITDA increased by 30% to AED 180.6 million, with a margin of 29%. The board approved dividends of AED 160.7 million for the first half of 2025. The taxi segment saw an 18% revenue increase to AED 539.7 million, driven by fleet expansion and high utilization, with the operational fleet reaching 6,210 vehicles, including 335 fully electric ones. The limousine segment's revenue grew by 8% to AED 30.5 million. However, the bus segment's revenue decreased by 12% to AED 31.3 million due to changes in revenue recognition, which do not affect the overall annual contract values. Overall, DTC's total operational fleet increased by 23% to 10,180 vehicles.

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Dubai Financial Market News

News Update From Dubai Taxi Company PJSC

Disclosure: Financial statements for the 2nd QTR of 2025

The document is a review report and condensed interim consolidated financial information for Dubai Taxi Company P.J.S.C., covering the six-month period ending on June 30, 2025.

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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on DRC shares starting from 9:30 AM as its BOD meeting is being held today, 29-07-2025 and until results are disclosed
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Dubai Financial Market News

News Update From Dubai Taxi Company PJSC

Disclosure: Results of BOD Meeting

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on July 28, 2025, at the company's headquarters. The meeting achieved quorum, and the following items were discussed and approved: the consolidated financial statements for the first half of the fiscal year 2025, the distribution of cash dividends for the same period amounting to AED 160,669,328 (6.43 Fils per share), which represents 85% of the net profit. Key dates for the dividend include the last entitlement date on August 5, 2025, the ex-dividend date on August 6, 2025, the registry closing date on August 7, 2025, and the payment date on August 25, 2025. Other operational and internal matters were also addressed. The communication was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy to the Securities and Commodities Authority.

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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on MASQ shares starting from 11:00 AM as its BOD meeting is being held today, 29-07-2025 and until results are disclosed
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Dubai Financial Market News

News Update From Gulf Navigation Holding PJSC

Disclosure: BOD meeting

The text is a formal notification regarding a Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is scheduled to take place on Thursday, 31 July 2025, at 10:00 am. The agenda includes regular matters and any other business related to the company. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority. The message is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.

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