Latest Threads

Air Arabia reported a net profit of AED 415 million for the second quarter of 2025, a 3% decrease from the same period in 2024. The airline's turnover increased by 2% to AED 1.69 billion. During this period, Air Arabia carried over 5.1 million passengers, a 15% increase compared to the previous year, and achieved an average seat load factor of 85%, up by 6%. The airline expanded its network by adding 13 new routes in the first half of 2025 and carried over 10.1 million passengers. Despite challenges such as geopolitical tensions and regional conflicts, Air Arabia's performance was supported by strong passenger demand and business growth.

The board of directors of Air Arabia held a meeting on Wednesday, August 13, 2025, at 3:00 PM. During this meeting, the board approved the financial results for the second quarter of 2025.

The document is the interim condensed consolidated financial statements for Al Firdous Holdings (P.J.S.C.) and its subsidiary, located in Dubai, United Arab Emirates, for the three-month period ending June 30, 2025. The statements are accompanied by a review report and are unaudited.

Al Salam Bank reported a significant increase in financial performance for the first half of 2025. The bank's net profits attributable to shareholders rose by 32.1% to BD 37.4 million (USD 99.1 million) compared to the same period in 2024. Earnings per share also increased to 11.1 fils (USD 29.5 cents) from 9.3 fils (USD 24.7 cents) in the previous year. Total comprehensive income grew by 4.5% to BD 41.6 million (USD 110.4 million). The bank's total assets increased by 10.7% to BD 7.82 billion (USD 20.74 billion), and total shareholders' equity rose by 11.6% to BD 402.5 million (USD 1.07 billion). Financing assets and customer deposits also showed growth, with increases of 8.3% and 7.1%, respectively. The bank maintained a strong capital adequacy ratio of 25.2%. The Chairman, Shaikh Khalid bin Mustahail Al Mashani, and CEO, Rafik Nayed, attributed the growth to strong core operations, disciplined risk management, and strategic investments in digital innovation and regional capabilities. They emphasized a focus on long-term value creation and sustainable growth amid a challenging global environment.