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Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has its headquarters located at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE. The company is addressing Mr. Hamid Ahmed Ali, the CEO of the Dubai Financial Market, in a letter dated May 12, 2025. The letter informs shareholders that the agenda item concerning the approval of the company's consolidated and audited financial statements for the period ending March 31, 2025, has been postponed. The company's board of directors will make decisions on this matter by circulation on May 15, 2025. The letter is signed by Islam Mahrous, the Chief Compliance Officer.
Nasdaq Dubai has listed a USD 500 million Green Sukuk issued by OMNIYAT, a Dubai-based real estate developer. This three-year Sukuk, maturing in May 2028, offers a profit rate of 8.375% and is part of a USD 1 billion Trust Certificate Issuance Programme. The funds raised will be used to support sustainable real estate projects within OMNIYAT's portfolio, focusing on energy efficiency and environmental performance. The issuance was well-received by both regional and international investors, indicating strong confidence in OMNIYAT's strategy and Dubai's real estate sector. Mahdi Amjad, OMNIYAT's Founder and Executive Chairman, emphasized the company's commitment to sustainable growth. Hamed Ali, CEO of Nasdaq Dubai and DFM, highlighted the significance of this listing in enhancing the exchange's ESG and Islamic finance offerings. With this listing, the total value of ESG-linked debt instruments on Nasdaq Dubai has reached USD 29.6 billion, and the total value of Sukuk listed stands at USD 96.2 billion.
Dubai Electricity and Water Authority PJSC (DEWA) reported record financial results for the first quarter of 2025, achieving a revenue of AED 5.96 billion and net cash from operations of AED 3.85 billion. This marks the highest first-quarter figures in the company's history for revenue, cash from operations, power generation, clean power generation, and desalinated water production. The revenue increased by 2.83% compared to the first quarter of 2024, while cash from operations rose by 17.86%. DEWA's EBITDA was AED 2.43 billion, with an operating profit of AED 838 million and a net profit of AED 496 million. The company ended the quarter with cash and cash equivalents of AED 8.17 billion, AED 2.07 billion more than at the end of 2024. DEWA's leadership attributes these results to their commitment to innovation and sustainability, guided by the vision of Dubai's leadership, and their ongoing efforts towards achieving Net Zero by 2050.
The document is the condensed consolidated interim financial information for Dubai Electricity and Water Authority PJSC and its subsidiaries for the three-month period ending on March 31, 2025. The financial information is unaudited.