Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Dubai Financial Market (DFM) reported a 212% increase in net profit before tax, reaching AED 930.8 million for the first nine months of 2025 compared to the same period in 2024. Total consolidated revenue rose by 138% to AED 1.1 billion, driven by increased trading activity, diversified income streams, and a one-off gain from the sale of an investment property. The total traded value increased by 82% to AED 133 billion, while market capitalization grew by 9.7% to AED 995 billion since the end of 2024. The DFM General Index rose by 13.2% during this period. Operating income was AED 409.7 million, with additional income from investment returns and other sources contributing AED 216.5 million, alongside AED 467.2 million from the sale of an investment property. Total expenses, excluding tax, were AED 162.6 million, slightly up from AED 161.6 million in 2024. The results reflect the strength of Dubai's capital markets and investor confidence, with DFM committed to fostering innovation and sustainable growth.
GFH Financial Group announced that it has purchased 790,000 treasury shares, increasing its total treasury shares from 172,721,461 (4.507% of total issued shares) to 173,511,461 (4.527% of total issued shares) as of October 30, 2025. The decision to purchase these shares was made at a board meeting on March 2, 2025, and received regulatory approval on October 20, 2025. The average purchase price was 9670.5 SDU, with the purchased shares representing 0.021% of the issued capital. There are 209,747,922 shares remaining for potential purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
On 30 October 2025, a notification was sent to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding resolutions to be considered by the Board of Directors of Amlak Finance PJSC. The board will review these resolutions by circulation on Tuesday, 4 November 2025, at 9 am, focusing on internal matters. The letter was signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, with a copy sent to the Securities & Commodities Authority.
Union Properties has launched its second major project, 'Mirdad,' in Dubai's Motor City. This development features four towers with luxurious lofts and stylish apartments designed to maximize natural light and functionality. Indoor amenities include a sports complex, gyms, spas, a community clubhouse, coworking spaces, a gaming zone, multipurpose halls, a kids' play area, a golf simulator, and an indoor cinema. Outdoor facilities offer two padel courts, a half Olympic lap pool, shaded play areas for children, pet parks, a tranquil garden, a lounge pool, a shaded children's pool, and a yoga lawn. Strategically located near future parks, a shopping mall, and the upcoming Al Maktoum International Airport, Mirdad is valued at AED 2 billion and represents Union Properties' ongoing expansion in premium residential communities in the UAE.
Dubai Investments has started constructing a second production line for Emirates Float Glass (EFG) at the Khalifa Economic Zones Abu Dhabi, making it the only dual float line facility in the GCC. This expansion involves an investment of over AED 600 million and aims to enhance production capabilities and product offerings, including the introduction of Ultra Clear Glass. The project, attended by key officials and partners, highlights Dubai Investments' focus on industrial innovation and economic diversification. The second float line is expected to be operational by late 2027 or early 2028, reinforcing EFG's position as a leader in float-glass manufacturing in the region.