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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From National Central Cooling Co.
Disclosure: Press release regarding financial results for the 1st QTR of 2025

Tabreed, a leading district cooling company, reported its Q1 2025 financial results, showing increases in both EBITDA and net profit compared to Q1 2024. EBITDA rose by 4% to AED 283 million with a margin of 61%, while net profit after tax grew by 3% to AED 115 million. Key developments included raising USD 700 million through a Green Sukuk, which helped refinance debt and improve the balance sheet by converting short-term debt to long-term maturities and reducing net debt by 3%. Additionally, Tabreed announced a significant concession agreement with Dubai Holding Investments to provide district cooling services to Palm Jebel Ali, requiring an investment of AED 1.5 billion. This deal is the largest in the company's history, representing a major milestone. Shareholders also approved a cash dividend of 15.5 fils per share for 2024, yielding 5.6% at the current share price.

1. Disclosure: Press release regarding financial results for the 1st QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From National Central Cooling Co.
Disclosure: Financial statements for the 1st QTR of 2025

1. Disclosure: Financial statements for the 1st QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From National Central Cooling Co.
Disclosure: Results of BOD Meeting

On 13 May 2025, the Board of Directors of the National Central Cooling Company PJSC, also known as "Tabreed," held a meeting. During this meeting, the board approved the unaudited interim financial accounts for the period ending 31 March 2025. They also agreed to release these accounts and a press release to the Securities and Commodities Authority and the Dubai Financial Market. The meeting was conducted in accordance with the Disclosure and Transparency Regulations.

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From Alliance Insurance
Disclosure: Financial statements for the 1st QTR of 2025

1. Disclosure: Financial statements for the 1st QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From Orient Takaful PJSC
Disclosure: Financial statements for the 1st QTR of 2025

The document is a review report and unaudited interim condensed financial statements for Orient Takaful P.J.S.C. as of March 31, 2025.

1. Disclosure: Financial statements for the 1st QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From Orient Takaful PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From AMANAT HOLDINGS PJSC
Disclosure: Press release

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From GFH Financial Group B.S.C.
Disclosure: GFH Financial Group’s Share Trades in Boursa Kuwait

GFH Financial Group B.S.C. announced that following unusual trading activity of its shares in Boursa Kuwait on May 13, 2025, there is no additional undisclosed material information beyond what has already been shared by the group. This statement aligns with the guidelines of Boursa Kuwait and the Capital Markets Authority's regulations. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosure: GFH Financial Group’s Share Trades in Boursa Kuwait

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From AMANAT HOLDINGS PJSC
Disclosure: Financial statements for the 1st QTR of 2025

Amanat Holdings PJSC has released its unaudited interim condensed consolidated financial statements for the period ending on March 31, 2025.

1. Disclosure: Financial statements for the 1st QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From AMANAT HOLDINGS PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

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