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GFH Financial Group B.S.C. announced that it has purchased 850,000 treasury shares, increasing its total treasury shares from 204,162,188 (5.33% of issued shares) to 205,012,188 (5.35% of issued shares) as of May 5, 2025. The decision to purchase was made by the company's board of directors on March 24, 2024, and approved by the relevant authority on February 16, 2025. The average purchase price was $0.29 USD per share. Mariam Jowhary, Head of Compliance & AML, is the contact person for this transaction.
Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the first quarter of 2025, with a 7.4% increase in total revenues to AED 3.8 billion, driven by solid growth in both service and non-service segments. The company's EBITDA rose by 15.0% to AED 1.8 billion, resulting in an EBITDA margin increase to 47.4%. Net profit increased by 19.8% to AED 0.7 billion. The company achieved a significant milestone by partnering with Microsoft to develop a hyperscale data center in the UAE. Additionally, du Pay marked its first anniversary with half a million app downloads and transactions totaling half a billion dirhams. The mobile subscriber base exceeded 9 million, contributing to the company's continued commercial momentum.
The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the three-month period ending on March 31, 2025.
Al Salam Bank has introduced a promotional campaign for Visa credit and prepaid cardholders, running from May 4 to June 30, 2025. The campaign aims to boost card usage by offering cash prizes to over 100 winners, with a top prize of BHD 2,000. Winners will be determined based on their spending during the campaign period, with higher spending increasing the chances of winning. Prizes start at BHD 50, and participants must spend at least BHD 200 to qualify. The campaign also offers benefits such as competitive foreign exchange rates and no international transaction fees for Multi-Currency Prepaid Card users making transactions in the same card currency. For more details, customers can visit the bank's website or contact them through various channels.
A notification has been issued regarding a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA). The meeting is scheduled for Monday, May 12th, 2025, at 9:00 am. The agenda includes reviewing and considering the company's financial statements for the first quarter of 2025, as well as discussing other business matters. The notice is signed by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.
Empower's DLRC District Cooling Plant in Dubai has been awarded the Gold LEED Certification by the U.S. Green Building Council, recognizing its adherence to high sustainability standards. Empower, a leading provider of district cooling services, has previously received similar certifications for other plants. The DLRC plant, with a capacity of 47,000 refrigeration tons, serves the Dubai Land Residence Complex. The project includes four plants, with three planned for the future, aiming to serve over 250 mixed-use buildings with a total capacity of 120,000 refrigeration tons. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to promoting green buildings and sustainable energy delivery. The DLRC plant uses advanced technologies like Thermal Energy Storage systems and Treated Sewage Effluent water to conserve resources and reduce environmental impact.