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Gulf Navigation Holding PJSC (GULFNAV), a maritime and shipping company listed on the Dubai Financial Market, reported a 26% increase in revenues for the third quarter of 2024, reaching 26 million dirhams and returning to profitability with a net profit of 1.1 million dirhams. This performance was attributed to increased vessel chartering activity, strategic cost management, and improved operational efficiencies. Key financial highlights for Q3 2024 include revenue growth to AED 23.0 million, a shift to an operating profit of AED 2.85 million from a loss of AED 4.89 million in Q3 2023, reduced general and administrative expenses to AED 600 thousand, and slightly lower finance costs of AED 5.77 million. The company reported a strong cash position of AED 210.2 million and total assets of AED 995 million as of September 30, 2024. GULFNAV's growth was driven by strong performance in vessel chartering and higher operating efficiency, positioning it as a resilient entity in the maritime sector. Additionally, non-operating income of AED 1.56 million helped mitigate the impact of finance costs.

Salik Company PJSC, the exclusive toll gate operator in Dubai, has achieved the ISO 37301:2021 certification for Compliance Management Systems. This certification reflects Salik's commitment to adhering to laws and regulations set by the Securities and Commodities Authority, the Dubai Financial Market, and UAE's Federal Decree-law 32/2021. The achievement enhances Salik's reputation and boosts investor confidence, reinforcing its position as a leader in compliance management in the UAE. CEO Ibrahim Sultan Al Haddad emphasized the company's dedication to efficiency, transparency, and responsible business practices. Established as a public joint stock company in June 2022, Salik operates eight toll gates in Dubai, recording 593 million journeys in 2023. The company holds a 49-year concession agreement with the Roads and Transport Authority to manage toll gates in Dubai.