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A new series of equity futures contracts will be available for trading on the Dubai Financial Market starting from May 8, 2025. These contracts, set to expire on August 21, 2025, include futures for various companies such as AIR, ANS, RMX, DEW, DYR, DFM, DGI, DIB, DIC, DUT, EMA, EMP, EMD, NBD, GFH, SLK, and SHU. The announcement can be accessed on the Dubai Financial Market's website. It is noted that the information is subject to change and the Dubai Financial Market's regulations will take precedence in case of any discrepancies.
GFH Financial Group B.S.C. announced that it has purchased 850,000 treasury shares, increasing its total treasury shares from 204,162,188 (5.33% of issued shares) to 205,012,188 (5.35% of issued shares) as of May 5, 2025. The decision to purchase was made by the company's board of directors on March 24, 2024, and approved by the relevant authority on February 16, 2025. The average purchase price was $0.29 USD per share. Mariam Jowhary, Head of Compliance & AML, is the contact person for this transaction.
Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the first quarter of 2025, with a 7.4% increase in total revenues to AED 3.8 billion, driven by solid growth in both service and non-service segments. The company's EBITDA rose by 15.0% to AED 1.8 billion, resulting in an EBITDA margin increase to 47.4%. Net profit increased by 19.8% to AED 0.7 billion. The company achieved a significant milestone by partnering with Microsoft to develop a hyperscale data center in the UAE. Additionally, du Pay marked its first anniversary with half a million app downloads and transactions totaling half a billion dirhams. The mobile subscriber base exceeded 9 million, contributing to the company's continued commercial momentum.