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Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC

Disclosure: Earnings Call

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Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Salik Company PJSC

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Salik Company PJSC

Disclosure: Board Decisions by Passing

1. Attached Document

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Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Press release regarding financial results for the 2nd QTR of 2025

Tabreed reported a 3% year-on-year increase in revenue to AED 1.11 billion for the first half of 2025, driven by higher cooling demand and significant capacity additions. Net profit rose 2.5% to AED 276 million, supported by business growth and strong EBITDA margins. The company proposed its first-ever interim dividend of 6.5 fils per share for H1 2025. Tabreed added a record 41.6k Refrigeration Tons (RT) in H1 2025, nearly doubling the capacity added in 2024, bringing total capacity to 1.37 million RT. The acquisition of PAL Cooling is expected to add over 182k RT, ensuring long-term growth. The company also strengthened its financial position through refinancing, allowing for continued investment and dividend payouts.

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Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Financial statements for the 2nd QTR of 2025

1. Attached Document

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Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Results of Board Decisions by Passing

On August 7, 2025, a circular resolution was passed by the Board of Directors of the National Central Cooling Company PJSC (Tabreed). The resolution, in accordance with Article 36 of the Disclosure and Transparency Regulations, approved the company's unaudited interim accounts for the period ending June 30, 2025. It also authorized the release of these accounts and a press release to the Securities and Commodities Authority and the Dubai Financial Market. Additionally, the board approved the convening of a General Assembly of shareholders at Tabreed's offices in Masdar City, Abu Dhabi, on September 15, 2025, at 11:00 am, pending approval from the Securities and Commodities Authority.

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Press release regarding financial results for the second quarter of 2025

Aramex reported stable group revenues of AED 3.06 billion for the first half of 2025, with a 1% year-over-year increase. The company experienced growth in domestic and logistics revenue, up 13% and 22% respectively, while international express revenue declined by 15%. The shift towards regional logistics solutions is attributed to increased demand for proximity to consumers. Despite stable revenues, profitability was under pressure due to a decline in high-margin international express contributions, resulting in a 6% decrease in gross profit. One-off expenses related to acquisitions and restructuring further impacted earnings, with normalized EBIT and net income showing significant declines. The company is implementing the Accelerate28 transformation program to adapt to industry changes. Additionally, Aramex became a subsidiary of ADQ following a 63% share acquisition, which is expected to foster innovation and growth.

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Financial statements for the 2nd QTR of 2025

Aramex PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending on June 30, 2025.

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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Results of BOD Meeting

On Thursday, August 7, 2025, Aramex PJSC held a board meeting with all board members present. The meeting, which took place from 3:00 PM to 5:30 PM UAE time, involved the approval of the company's unaudited interim condensed consolidated financial statements for the second quarter and the first half of the year ending June 30, 2025. Additionally, the board approved the appointment of Gil Adotevi and Renzo Bravo Calambrogio as new members of the Board of Directors. The meeting also included discussions on business updates and routine matters. The meeting results were documented by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

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