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Union Properties PJSC reported strong financial results for the nine months ending September 30, 2025, with a profit increase of 162% to AED 139 million and a revenue increase of 32% to AED 513 million compared to the same period in 2024. The company achieved a significant milestone with AED 455 million in cash balances, marking its strongest liquidity position in years. It also reduced its bank loans from AED 1.5 billion to AED 302 million, achieving a net positive cash position for the first time in recent history. Union Properties sold AED 2.7 billion in assets and expects to collect AED 721 million in receivables by December 2026, bolstering its financial foundation. Total assets reached AED 4.5 billion, and total equity increased to AED 3.3 billion after a share capital reduction. The company plans to launch a AED 2 billion development by the end of October 2025. Additionally, Union Properties' subsidiary ServeU LLC acquired Housekeeping Group for AED 100 million, adding AED 40 million in revenue and AED 4.8 million in net income in two months, and expanding the workforce to 17,000 employees.

GFH Financial Group announced that it has purchased 680,000 treasury shares, increasing its total treasury shares from 172,041,461 (4.489% of total issued shares) to 172,721,461 (4.507% of total issued shares) as of October 28, 2025. The company's board decided on this purchase on March 2, 2025, and it received approval from the relevant authority on October 20, 2025. The average purchase price was 7740.5 SDU. The shares purchased represent 0.180% of the issued capital, and 210,537,922 shares remain available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Al Salam Bank and Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, have formed a strategic partnership to offer Shari’a-compliant property financing for units in the Tivoli Residences at Bilaj Al Jazayer, a premier waterfront development in Bahrain. The bank will provide flexible and tailored financing options, including up to six months grace period, competitive profit rates, loyalty reward points, instant approval, and a seamless application process. The partnership aims to facilitate homeownership and offer a luxurious beachfront lifestyle. Tivoli Residences features a range of residential units with high-end amenities such as a rooftop infinity pool, fitness center, and 24-hour security.

Al Salam Bank has launched "ASB Pay Business," a Shari’a-compliant digital POS platform in Bahrain, designed to serve a range of businesses from large corporations to MSMEs and freelancers. The platform provides a comprehensive digital payment solution, allowing merchants to accept payments via smartphones without traditional POS devices. It includes features like digital invoicing, payment links, direct bank integration, and real-time transaction tracking. ASB Pay Business aims to support underserved merchant segments, offering a mobile-first solution that integrates with accounting and e-commerce systems. The platform emphasizes fast onboarding and secure transactions, with same-day settlement for merchants with Al Salam accounts. This initiative aligns with the bank's goal to lead digital transformation in finance and support the MSME sector, enhancing business efficiency and growth.

The text is a formal communication from Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC, addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority (SCA). It discusses the activation of a capital increase for Gulf Navigation Holding PJSC, which was approved during the company's General Assembly Meeting on March 13, 2025. The capital increase involves issuing mandatory convertible bonds worth AED 500,000,000 at AED 1.10 per bond, to be converted into shares within three months. These bonds are allocated exclusively to current shareholders, with major shareholders agreeing not to subscribe unless minor investors do not fully subscribe during the last two days of the subscription period. The company is completing the necessary requirements with the SCA and will announce the activation dates on the Dubai Financial Market once SCA approval is obtained.

Tabreed, a company specializing in the development and supply of district cooling services, announced that it has secured new financing facilities worth 1.8 billion AED. This financing will support its strategic initiatives for growth and capital structure improvement. The funding, compliant with Islamic Shariah law, consists of two tranches in AED and USD, reflecting Tabreed's commitment to providing comprehensive financing solutions aligned with investor preferences. The financing includes a green finance component, with one billion AED allocated within a green financing framework, emphasizing sustainability and environmental preservation. This move will enable Tabreed to accelerate its expansion and enhance long-term value while maintaining strong financial practices. The financing was completed in partnership with Emirates NBD and Mashreq Bank.