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On July 24, 2025, a letter was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, regarding the disclosure of the results from the Emirates NBD Bank Board of Directors meeting held on July 23, 2025. During the meeting, the board approved the minutes from the previous meeting on April 21, 2025, approved the financial results for the three-month period ending June 30, 2025, and discussed normal business activities. The letter was signed by Dr. Ahmed Alkhalfawi, Group Company Secretary of Emirates NBD Bank, and a copy was sent to the Securities & Commodities Authority.
Emirates Islamic reported a record profit before tax of AED 2.2 billion for the first half of 2025, driven by strong income and deposit growth. Total income increased by 9% year-on-year to AED 2.9 billion due to growth in both funded and non-funded income streams. Customer financing rose by 13% to AED 80 billion, and customer deposits grew by 27% to AED 97.4 billion, with current and savings accounts making up 65.5% of total deposits. The bank's total assets increased by 24% to AED 138 billion. Expenses rose by 15% due to ongoing investments, while impairment allowances were at AED 136 million. Operating profit improved by 6% year-on-year, and net profit increased by 12% to AED 1.863 billion, with a net profit margin of 3.74%. The bank maintained a strong capital position with a Common Equity Tier 1 ratio of 17.4% and a capital adequacy ratio of 18.5%. The non-performing financing ratio stood at 2.8%, with a coverage ratio of 159.9%. The financing to deposit ratio was 82%, within the management's target range.
The document is an unaudited group condensed consolidated interim financial statement for Emirates Islamic Bank, a public joint stock company. It covers the six-month period ending on June 30, 2025. The bank's head office is located on the 3rd floor of Building 16 in Dubai Health Care City, Dubai. Contact details include a telephone number, fax number, and a P.O. Box address in Dubai, United Arab Emirates. The bank's website is www.emiratesislamic.ae.
The Board of Directors of Emirates Islamic Bank (P.J.S.C) held a meeting on Wednesday, 23 July 2025. During this meeting, they approved the minutes from the previous meeting held on 21 April 2025, approved the financial results for the three-month period ending 30 June 2025, and discussed normal business activities. The letter is signed by Dr. Ahmed Alkhalfawi, Group Company Secretary of Emirates NBD Bank (P.J.S.C).
Takaful Emarat Insurance (P.S.C) is a public shareholding company in Dubai, United Arab Emirates, operating under Federal Law No. 48 of 2023. It is registered in the insurance companies register with number 86, dated October 14, 2008. The company is planning a board meeting on Saturday, July 26, 2025, at 3:00 PM. The meeting will be held by circulation to consider the appointment of a new board member to fill a vacant position. The acting Chief Executive Officer, Adnan Sabaalaish, is the authorized signatory for this disclosure, dated July 23, 2025.
The Company’s Board of Directors has announced the opening of nominations for Board membership from July 28, 2024, to August 29, 2025. Shareholders meeting the nomination criteria can apply for membership by submitting an application to the Company’s Head Office in Dubai or via email. Applicants must include an introductory profile and specify the type of membership they seek (Non-Executive Director/Independent Director). Two members will be elected, and all must be Non-Executive Independent Directors. Nominations are open for 10 days following the announcement, in line with governance regulations. Applicants must meet conditions set by relevant laws and submit various documents, including an acknowledgment form, personal photo, identification documents, and a certificate of good conduct.