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Amlak Finance PJSC and its subsidiaries have released a review report and condensed consolidated interim financial information for the three-month period ending on March 31, 2025. This report is unaudited.
GFH Financial Group B.S.C. announced the purchase of 100,000 treasury shares, increasing its total treasury shares from 208,422,418 to 208,522,418, maintaining a 5.44% share of the total issued shares as of May 14, 2025. The board of directors decided on the purchase on March 24, 2024, and the approval was granted on February 16, 2025. The average purchase price was 0.3053 USD per share, representing 0.003% of the issued capital. There are 174,736,965 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Emaar Development PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending March 31, 2025.
Emaar Development PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending March 31, 2025.
The Dubai Financial Market (PJSC) has announced that its Board of Directors is considering the approval of two resolutions by circulation. This decision process is scheduled to occur between May 14 and May 16, 2025.
The form is prepared according to the SCA Board of Directors’ Decision No. (32/R.M.) of 2019, which outlines procedures for listed companies with accumulated losses amounting to 20% or more of their paid-up capital. Companies must comply with the decision when losses reach 50% or more. As of May 14, 2025, Ithmaar Holding B.S.C. reported accumulated losses of USD 827.65 million, equating to 109% of its paid-up capital. The losses initially amounted to 68.8% in December 2016, primarily due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to increased provisions, raising the loss percentage to 98%. The accumulated losses rose by $87.5 million in 2020 due to COVID-19 impacts, decreased by $35 million in 2021 due to net income, increased by $29.9 million in 2022, and by $9.3 million in 2023 due to net losses. In 2024, losses decreased by $9.4 million, and in 2025, by $1 million, both due to net profits attributable to shareholders. The analysis of accumulated losses is required when they exceed 50% of the company's capital.
The document is the condensed consolidated interim financial information for Ithmaar Holding B.S.C. as of March 31, 2025.
Ithmaar Holding B.S.C. announced that its Board of Directors held a meeting on Wednesday, May 14, 2025, at 2 PM, where they approved the financial results for the period ending March 31, 2025. The announcement was directed to the Bahrain Bourse and the Dubai Financial Market.