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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 ARAMEX PJSC
Disclosure: Results of BOD Meeting

On February 11, 2025, Aramex PJSC held a board meeting attended by nine board members. Key decisions included the approval of audited financial results for the fiscal year ending December 31, 2024, and setting the Annual General Assembly for March 20, 2025, pending regulatory approval. The board decided to recommend against distributing dividends for the fiscal year, citing capital allocation priorities for transformation and growth programs. They also discussed a fairness opinion from HSBC regarding Q Logistics Holding LLC's offer to acquire Aramex shares, which was deemed fair and recommended to shareholders. Routine business updates were also discussed.

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Islamic Bank
Disclosure: Press release regarding financial results for year 2024

Dubai Islamic Bank announced its financial results for the year ending December 31, 2024, highlighting significant growth and improvements. The bank reported a 27% year-over-year increase in pre-tax profit, reaching AED 9 billion, and a 16% rise in net profit to AED 8.165 billion. Total income grew by 16% to AED 23.341 billion, while net operating revenues increased by 10% to AED 12.837 billion. The bank's total assets expanded by 10% to AED 345 billion, and customer deposits rose by nearly 12% to AED 249 billion. The non-performing financing (NPF) ratio improved to 4.0%, down 140 basis points from the previous year, with cash coverage at 97%. The cost-to-income ratio decreased by 40 basis points to 26.7%, and liquidity coverage ratio remained strong at 159%. Capitalization ratios, including CET1 at 13.2% and CAR at 18.3%, indicated robust financial health. The bank also increased its stake in a digital bank in Türkiye to 25% and proposed a 45% dividend, pending shareholder approval.

1. Disclosure: Press release regarding financial results for year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Islamic Bank
Disclosure: Financial statements for the year of 2024

The consolidated financial statements of Dubai Islamic Bank P.J.S.C. for the year ending December 31, 2024, have been audited. These statements require approval from the Central Bank of UAE and adoption by shareholders at the Annual General Meeting.

1. Disclosure: Financial statements for the year of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Islamic Bank
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 EMAAR DEVELOPMENT PJSC
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emaar Properties PJSC
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Investment Bank PJSC
Disclosure: Preliminary financial results for the year of 2024

1. Disclosure: Preliminary financial results for the year of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Islamic Arab Insurance Company
Disclosure: BOD meeting

The Islamic Arab Insurance Company – SALAMA (PSC) has announced a board meeting scheduled for Friday, 14 February 2025, at 3:00 pm. The agenda includes discussing and approving the unaudited preliminary financial results for the fiscal year ending on 31 December 2024, along with other general business matters. The announcement is signed by Motaz Kraishan, the Board Secretary, and dated 11 February 2025.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From TECOM GROUP P.J.S.C.
Disclosure: Notification from the company

1. Disclosure: Notification from the company

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From National Industries Group Holding (S.A.K.)
Disclosure: The repayment of issued bonds with nominal value of KD 30 million

1. Disclosure: The repayment of issued bonds with nominal value of KD 30 million

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