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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
a year ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release regarding financial results for the 1st QTR of 2025

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, announced its financial results for the first quarter of 2025. The company reported a revenue of AED 540 million, a 0.4% increase from the same period in 2024, and an EBITDA of AED 297 million. The pre-tax net profit was AED 159 million, with a net profit after tax of AED 145 million for the quarter ending March 31, 2025. CEO Ahmad Bin Shafar highlighted the company's strategic expansion and its commitment to increasing its asset base to meet rising demand and strengthen market share. Empower's financial results underscore its global leadership in the district cooling market, driven by high operational readiness and a robust asset base. The company aims to deliver enhanced value and sustainable growth for shareholders by capitalizing on real estate momentum and broader economic growth. Empower reported consolidated revenues of AED 3.26 billion for the twelve months from April 2024 to March 2025.

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

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai National Insurance & Reinsurance
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Central Cooling Systems Corporation PJSC
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
a year ago
News Update From Air Arabia PJSC
Disclosure: BOD meeting

Air Arabia has announced that its board of directors will meet on Tuesday, May 13, 2025, at 3:00 PM. The meeting will focus on discussing the financial results for the first quarter of 2025.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Union Properties PJSC
Disclosure: Detailed Analysis Accumulated Losses

1. Disclosure: Detailed Analysis Accumulated Losses

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From SHUAA Capital PSC
Disclosure: BOD meeting

شعاع كابيتال ش.م.ع هي شركة استثمار مالية مرخصة وخاضعة لرقابة هيئة الأوراق المالية والسلع في الإمارات العربية المتحدة. يقع مكتبها الرئيسي في برج المكاتب بفندق "ذا إتش" في دبي. تم تحديد موعد اجتماع مجلس إدارة الشركة في 13 مايو 2025 لمناقشة اعتماد البيانات المالية الموحدة والمراجعة للفترة المنتهية في 31 مارس 2025، بالإضافة إلى أمور أخرى متعلقة بأعمال الشركة.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on EIBANK shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Investment Bank PJSC
Disclosure: Financial statements for the 1st QTR of 2025

The document is the interim condensed financial information for Emirates Investment Bank P.J.S.C. 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
a year ago
News Update From Dubai Investments PJSC
Disclosure: Press release regarding financial results for the 1st QTR of 2025

Dubai Investments PJSC reported a 52% increase in profit before tax for Q1 2025, reaching AED 185 million, up from AED 122 million in the same period last year. This growth was mainly due to higher rental income and stable occupancy in its property segment. The company's total income rose to AED 823 million, and total assets increased to AED 22.27 billion as of March 31, 2025. Vice Chairman and CEO Khalid Bin Kalban attributed the strong performance to the company's strategic vision and diversified portfolio, particularly in the real estate sector. Dubai Investments plans to continue expanding in real estate with projects like Danah Bay, Violet Tower, and Asayel Avenue. The company is also focusing on diversifying its income streams and exploring opportunities in other sectors to ensure sustainable growth.

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

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