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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 Dubai Financial Market PJSC
DFM News: Reminder: Today, 02/05/2025 is the ex-dividend date for UNIKAI shares
Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From Dubai Financial Market PJSC
DFM News: Press release - Dubai Financial Market Achieves Strong Growth in Q1 of 2025 with Net Profit Before Tax of AED 134.9 Million

In the first quarter of 2025, the Dubai Financial Market (DFM) reported significant growth, achieving a net profit before tax of AED 134.9 million. The Average Daily Trading Value (ADTV) reached its highest level in over a decade at AED 663 million, marking a 67% increase from the previous year. Total consolidated revenue rose by 26% year-on-year to AED 186.5 million, while the total traded value increased by 61% to AED 41 billion. DFM attracted 19,366 new investors, with 86% being foreign nationals. Institutional investors accounted for 72% of the total trading value, with foreign investors contributing 53%. Despite a slight 1% decline in market capitalization to AED 897 billion, the DFM maintained strong trading activity and investor confidence, reinforcing Dubai's status as a leading financial hub.

1. DFM News: Press release - Dubai Financial Market Achieves Strong Growth in Q1 of 2025 with Net Profit Before Tax of AED 134.9 Million

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From TECOM GROUP P.J.S.C.
Disclosure: Press release regarding financial results for the 1st QTR of 2025

TECOM Group reported a 23% increase in net profit for Q1 2025, driven by Dubai's strong economic performance and global investment appeal. Revenue rose 21% year-on-year to AED 680 million, supported by robust performance across all business segments and a strategic focus on sustainable growth. EBITDA increased by 23% to AED 540 million, with the EBITDA margin improving to 79%. The net profit reached AED 361 million, aided by higher revenue and effective capital management. The customer base grew by 6% to over 12,000, with strong demand for commercial, industrial, and land lease assets. The group's results reflect the strength of its diverse asset portfolio and its successful long-term growth strategy. Operational highlights include a 4% increase in commercial and industrial occupancy to 95% and a 2% rise in land lease occupancy to 98%.

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 GFH Financial Group B.S.C.
Disclosure: Post share buyback announcement

GFH Financial Group B.S.C. has announced the purchase of 975,000 treasury shares, increasing its total treasury shares from 201,896,111 (5.27% of total issued shares) to 202,871,111 (5.29% of total issued shares) as of May 1, 2025. The decision to purchase was made by the company's board of directors on March 24, 2024, and approved by the relevant authority on February 16, 2025. The purchase was completed on May 1, 2025, at an average price of 0.2901 USD per share, representing 0.025% of the issued capital. There are 180,388,272 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosure: Post share buyback announcement

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From TECOM GROUP P.J.S.C.
Disclosure: Financial statements for the 1st QTR of 2025

TECOM Group PJSC and its subsidiaries have released their condensed interim consolidated financial statements for the three-month 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 TECOM GROUP P.J.S.C.
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 Dubai Financial Market PJSC
Disclosure: Press release regarding financial results for the 1st QTR of 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.

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 Emirates Investment Bank PJSC
Disclosure: Resignation of CEO

1. Disclosure: Resignation of CEO

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From Al Mazaya Holding Company
Disclosure: Supplementary Disclosure about Notation of the Commercial Register For Al Mazaya Holding company

1. Disclosure: Supplementary Disclosure about Notation of the Commercial Register For Al Mazaya Holding company

Dubai Financial Market News profile image
Dubai Financial Market News
10 months ago
News Update From Islamic Arab Insurance Company
Disclosure: Resolutions of General Assembly

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.

1. Disclosure: Resolutions of General Assembly

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