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Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Emirates Investment Bank PJSC
Disclosure: Notification from the company

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Dubai Electricity & Water Authority PJSC
Disclosure: Press release

Dubai Electricity and Water Authority PJSC (DEWA) has been added to the MSCI Emerging Markets Index as of May 30, 2025. DEWA, listed on the Dubai Financial Market, is the largest company on the market with a capitalization exceeding AED 130 billion. The inclusion in the MSCI Index is a significant milestone for DEWA, enhancing its global investment appeal. DEWA's addition to the index is notable due to its large market capitalization, aligning it with other sought-after emerging market companies. DEWA is recognized for its stability, growth potential, and commitment to sustainable energy goals, making it attractive to international investors. The MSCI Emerging Markets Index is a major global benchmark with over 1,400 constituents and approximately US$7 trillion in assets linked to it. Inclusion in the index can lead to automatic capital inflows from passive investment funds, providing consistent demand for DEWA's stock.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Dubai Islamic Insurance and Reinsurance Co.
Disclosure: Nominees for Board of Directors membership

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Salik Company PJSC
Disclosure: Press release

Salik Company PJSC, Dubai's exclusive toll gate operator, has been added to the MSCI UAE Index, a key benchmark for global investors in Emerging Markets. This inclusion is expected to increase the liquidity of Salik's shares and attract more regional and global institutional investors. Salik's inclusion follows the execution of its updated strategy, which saw the launch of two new toll gates in Dubai and the introduction of dynamic pricing to boost revenue. The company is also expanding into ancillary revenue streams through partnerships in parking solutions and insurance. Salik's market capitalization and liquidity met the requirements for index inclusion, highlighting its strong financial performance. CEO Ibrahim Sultan Al Haddad expressed optimism about the opportunity for global investors and reaffirmed Salik's commitment to becoming a leader in smart and sustainable mobility solutions. The changes to the MSCI EEMEA Index will be effective June 2, 2025.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Deyaar Development PJSC
Disclosure: Results of Board Decisions by Passing

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Deyaar Development PJSC
Disclosure: Financial statements for the 1st QTR of 2025

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Deyaar Development PJSC
Disclosure: Press release regarding financial results for the first QTR of 2025

Deyaar Development PJSC, a prominent real estate developer in Dubai, reported a strong financial performance in the first quarter of 2025, with a net profit before tax of AED 119.8 million, marking a 54% increase from AED 77.6 million in Q1 2024. The company's revenue for the period ending March 2025 was AED 433 million, up 32% from AED 327.8 million in the same period of the previous year. Earnings per share rose from 1.67 fils in Q1 2024 to 2.58 fils in Q1 2025. CEO Saeed Mohammed Al Qatami attributed the positive results to Deyaar's strategic vision and successful project launches, including the AYA Beachfront Residences in Umm Al Quwain. He emphasized the company's commitment to future projects and highlighted the UAE's supportive real estate environment, aligning with the Dubai 2040 Urban Master Plan.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on SALAM_BAH shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Al Salam Bank B.S.C
Disclosure: Press release regarding financial results for the 1st QTR of 2025

Al Salam Bank announced its financial results for the first quarter of 2025, reporting a net profit attributable to shareholders of BD 18.6 million (US$ 49.3 million), a 32.7% increase from the previous year. The growth was driven by strong performance in core banking operations and subsidiaries. Earnings per share rose to 6.1 fils (US cents 16.2), and total comprehensive income increased by 3.1% to BD 27.0 million (US$ 71.7 million). The Bank's gross income grew by 36% to BD 105.6 million (US$ 280.2 million). Shareholders' equity rose by 8.3% to BD 390.2 million (US$ 1.04 billion), and total assets increased by 4.5% to BD 7.38 billion (US$ 19.58 billion). Financing assets and customer deposits also saw growth, with the Bank maintaining a capital adequacy ratio of 24.8%. The Bank's leadership highlighted the focus on digital initiatives, customer experience, regional expansion, and operational optimization. The financial statements were reviewed by KPMG and are available on the Bahrain Bourse’s website.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
8 months ago
News Update From Al Ansari Financial Services PJSC
Disclosure: Press release regarding financial results for the first QTR of 2025

Al Ansari Financial Services reported a 10% increase in net profit after tax, reaching AED 109 million, driven by strong operating income and robust performance across all business lines. Operating income rose by 7% year-over-year (YoY) to AED 294 million, contributing to a 13% YoY increase in EBITDA, which amounted to AED 138 million with a margin of 46.8%. Total transactions grew by 1% YoY to 12.5 million, while the value of bank notes transactions increased by 6% YoY to AED 22 billion. The Wage Protection System saw a 27% YoY increase in salary disbursals, reaching 2.5 million. Digital channels experienced a 16% YoY rise in transactions, making up 24% of overall outward remittances. The company is expanding in line with its strategy, with Al Ansari Exchange's physical branches reaching 270 by Q1 2025. Al Ansari Financial Services completed the acquisition of BFC Group Holdings, with figures to be consolidated in Q2 2025, and plans to acquire Al Ansari Exchange in Kuwait by Q2 2025. Additionally, the Al Ansari Digital Wallet is set to launch in Q2 2025.

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