Latest Threads

ServeU, a subsidiary of Union Properties, has acquired House Keeping (LLC) and its subsidiaries in a deal worth AED 100 million. This acquisition aims to enhance ServeU's market position as a leading facilities management provider in the UAE. With over 8,900 employees, ServeU manages various properties, including residential, commercial, and government facilities. The acquisition is part of ServeU's strategy to improve operational capabilities and service quality. House Keeping, the UAE's second-largest provider in its segment, brings expertise and a strong client network, with significant revenues and EBITDA reported for 2024. Under the acquisition terms, House Keeping will maintain its brand identity but will be under ServeU's ownership and oversight. This move is expected to positively impact ServeU's financial performance.

Dubai Islamic Bank P.J.S.C. has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2025.