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The Board of Directors of Salik Company PJSC is scheduled to hold a meeting on Tuesday, May 13, 2025, at 8:00 AM. The agenda includes reviewing and approving the interim condensed financial statements for the period ending March 31, 2025, establishing an investment committee, and discussing other regular business matters. The announcement is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is signed by Ibrahim Sultan Al Haddad, CEO of Salik Company.
On May 8, 2025, a notification was issued regarding a board meeting for the National Central Cooling Company (PJSC) scheduled for May 13, 2025, at 11:30 AM. The meeting will focus on reviewing the company's financial results for the first quarter ending March 31, 2025, and discussing the company's business operations. This notification is in accordance with Article 36/11 of the Disclosure and Transparency Regulations (amended) from the year 2000. The notice is addressed to the CEOs of the Securities & Commodities Authority and the Dubai Financial Market in the UAE.
Union Properties PJSC reported a strong financial performance for the first quarter of 2025, with an 18.2% increase in revenue, reaching AED 163 million compared to AED 138 million in the same period of 2024. The company also saw a 25.3% rise in gross profit, amounting to AED 42.8 million, driven by improved operational efficiency and sustained demand. Union Properties continues its financial restructuring efforts, reducing its bank debt by AED 179 million in Q1 2025 and planning to pay down an additional AED 159 million in Q2 2025. This follows the settlement of AED 723 million in 2024, demonstrating the company's commitment to disciplined financial management and long-term sustainability. CEO Eng. Amer Khansaheb highlighted the strong start to 2025 as evidence of the effectiveness of their strategic initiatives and business model.