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TECOM Group PJSC and its subsidiaries have released their condensed interim consolidated financial statements for the three-month period ending on March 31, 2025.

The Dubai Financial Market (DFM) reported strong growth in the first quarter of 2025, achieving a net profit before tax of AED 134.9 million. The Average Daily Trading Value reached AED 663 million, marking a 67% increase from the previous year, and the total traded value rose by 61% to AED 41 billion. Total consolidated revenue for Q1 2025 was AED 186.5 million, up 26% year-on-year. DFM attracted 19,366 new investors, with 86% being foreign nationals, and institutional investors accounted for 72% of the total trading value, with foreign investors contributing 53%. Despite global market uncertainties, DFM maintained strong performance, reinforcing Dubai's status as a global financial hub. The market capitalization of DFM-listed companies was AED 897 billion at the end of March 2025, a slight 1% decline from the end of 2024.

The Islamic Arab Insurance Company – SALAMA held its Annual General Assembly Meeting on Wednesday, 30 April 2025, from 3:00 pm to 4:00 pm at its headquarters in Dubai, with options for remote participation. The meeting was chaired by H.E. Fahad Al Qassim and had a quorum of 32.3808% of the total capital, with 4.4414% authenticity and 27.9394% proxy. The assembly approved several resolutions, including the appointment of Mr. Ahmad Abdelrahim as the AGM Secretary and Mr. Mohamed Shaaban as a Vote Collector. It also approved the Board of Director’s Report, Auditor’s Report, Sharia Supervisory Committee Report, and the Company’s Balance Sheet and Profit & Loss Account for the year ending 31 December 2024. Additionally, the appointment of new members to the Internal Sharia Supervision Committee was approved, pending Central Bank approval. The recommendation of the Board of Directors not to distribute dividends to shareholders was also approved.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, held its annual general meeting today at 3 PM. During the meeting, shareholders voted on several decisions. A special resolution to amend Article 17 of the company's Articles of Association, which would have increased the number of board members from five to seven, was rejected. Ordinary resolutions included the approval of the Board of Directors' report on the company's activities and financial position for the fiscal year ending December 31, 2024, the auditor's report for the same period, and the company's balance sheet and profit and loss account. Additionally, the proposal by the Board of Directors not to distribute cash dividends for the fiscal year ending December 31, 2024, was approved.