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On 10 February 2026, the Board of Directors of Dubai Refreshment PJSC held a meeting at their main office in Dubai Investment Park 2 and via online video technology. During this meeting, they approved the financial statements for 2025, the company's integrated report for the same year, and the date and agenda for the Annual General Assembly scheduled for 2 April 2026, pending approval from the Capital Market Authority.
Nasdaq Dubai has listed a USD 500 million bond issued by Arab Bank for Investment and Foreign Trade PJSC (Al Masraf), marking the bank's debut in the international debt capital markets. The bond, part of Al Masraf's USD 5 billion Medium Term Note Programme, matures in 2031 and attracted strong investor interest, with demand exceeding USD 1.3 billion, indicating a 2.6 times oversubscription. The issuance drew a diverse group of regional and international investors, including large fund managers, banks, and insurance companies. The bond is rated 'A' by Fitch and is listed on both the London Stock Exchange and Nasdaq Dubai. This listing increases the total outstanding value of debt securities on Nasdaq Dubai to over USD 147.3 billion, highlighting Dubai's role as a significant hub for global fixed-income issuances.
Aramex reported its financial results for the fourth quarter and full year ending December 31, 2025. The company achieved stable revenue performance with group revenues reaching AED 6.36 billion for FY 2025, a 1% increase year-over-year. December 2025 marked a historic high in monthly revenue, highlighting strong peak season demand. The product mix continued to shift towards intra-regional trade and warehousing, with Domestic Express and short-haul regional solutions gaining market share. Logistics-led growth was notable, with an 18% increase in revenue driven by strong contract wins and expanded regional capacity. However, gross profit declined due to changes in revenue mix and pricing pressures in certain markets. The Accelerate28 strategy, involving over 300 initiatives, showed early success in operational efficiency and logistics profitability. Aramex maintained a strong balance sheet with a cash balance of AED 573 million and a Debt-to-EBITDA ratio of 3.2x. Looking ahead to 2026, the company aims to focus on a product-led approach, margin optimization, and investments in automation and infrastructure under the leadership of a new Group CEO.
Dubai Electricity and Water Authority (DEWA) has increased its ownership in Emirates Central Cooling Systems Corporation (Empower) from 56% to 80% by acquiring Dubai Holding's full stake for AED 5.184 billion. DEWA purchased 2.4 billion shares from Emirates Power Investment, a company owned by Dubai Holding. This acquisition is part of DEWA's strategy to strengthen its position in the district cooling sector and aligns with Dubai's long-term development vision. The transaction reflects DEWA's commitment to sustainable urban infrastructure and energy efficiency in Dubai.
On February 10, 2026, Aramex PJSC held a board meeting with full attendance of its nine members. The board approved the audited financial results for the fiscal year ending December 31, 2025, and agreed to invite the Annual General Assembly to meet on April 13, 2026, pending approval from the Securities and Commodities Authority. Due to reduced profitability from significant one-off expenses, the board recommended not distributing dividends for the 2025 fiscal year. The meeting also included discussions on business updates and routine matters. The meeting details were authorized by Amanda Dahdah, Governance Officer and Board Secretary.