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Dubai Financial Market News

News Update From Al Firdous Holdings PJSC

Disclosure: Financial statements for the year of 2025

The document is the consolidated financial statements for Al Firdous Holdings (P.J.S.C.) and its subsidiary, based in Dubai, United Arab Emirates, as of March 31, 2025. It includes an independent auditor's report.

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Dubai Financial Market News

News Update From Al Firdous Holdings PJSC

Disclosure: Integrated report for the year 2025

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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on IFA shares after disclosing the results of its BOD meeting
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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Clarification on Social Media Rumors Concerning GFH

On June 11, 2025, GFH Financial Group B.S.C. issued a clarification regarding rumors circulating on social media about a potential merger with Shuaa Capital. GFH stated that these rumors are false, confirming that there are no discussions or agreements regarding such a merger, and no negotiations or arrangements have been made with Shuaa Capital. There is no impact from this clarification, and there are no previous relevant disclosures. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

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News Update From National Industries Group Holding (S.A.K.)

Disclosure: Discharging an associate company from the debt of Ajwan Combined General Trading and Contracting Company

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Dubai Financial Market News

News Update From International Financial Advisors K.S.C.C.

Disclosure: Results of BOD Meeting

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Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Press release regarding renewal of Liquidity Provider Appointment

Dubai Investments PJSC has renewed its agreement with xCube LLC to continue as the Liquidity Provider for its shares. This move aligns with Dubai Investments' strategy to enhance shareholder value and market performance by improving the tradability of its shares. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, emphasized the commitment to market liquidity and long-term shareholder value, noting an increase in trading activity and investor confidence. Saad Chalabi, CEO of xCube, highlighted the effectiveness of their data-driven approach to liquidity provision. Dubai Investments, established in 1995, is a diversified investment group in the UAE, managing a broad portfolio of businesses across various sectors.

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News Update From Emaar Properties PJSC

Disclosure: Press release

S&P Global Ratings and Moody's have upgraded Emaar Properties' credit ratings due to its strong financial performance and robust revenue visibility. S&P raised Emaar's long-term issuer credit rating to BBB+ with a stable outlook, while Moody's upgraded it to Baa1 with a stable outlook. These upgrades apply to Emaar's senior unsecured debt as well. As of March 2025, Emaar reported a revenue backlog of approximately AED 127 billion, indicating strong revenue and cash flow visibility through 2028. S&P's decision was influenced by Emaar's record-high backlog and healthy presales in the UAE, along with a net cash position and low leverage. Moody's noted a significant reduction in Emaar's adjusted debt and a decrease in the debt-to-equity ratio from 2020 to March 2025. Mohamed Alabbar, Emaar's Founder, expressed pride in the recognition from the rating agencies, attributing it to the company's strategic strength, asset quality, and disciplined financial management.

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News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, won three global awards at the International District Energy Association (IDEA) Conference and Exhibition in Minneapolis, USA. Empower received two gold awards for 'Total Number of Buildings Committed' and 'Total Building Area Committed' for district cooling services outside North America, and an 'Innovation Award Honorable Mention' for optimizing a district cooling plant using machine learning. This marks the eleventh time Empower has won these awards, having previously won in various years since 2005. CEO Ahmad Bin Shafar expressed pride in the recognition, attributing it to continuous innovation and investment in modern technologies like artificial intelligence and machine learning, which enhance energy efficiency and service quality. He praised the team spirit at Empower and extended gratitude to the company's employees for their efforts in achieving these accolades.

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News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on IFA shares starting from 2:30 PM (UAE time) as its BOD meeting is being held today, 11-06-2025 and until results are disclosed
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