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Aldar Properties PJSC has announced plans to develop a Grade A office tower on Sheikh Zayed Road near the Dubai International Financial Centre (DIFC), featuring a net leasable area of 88,000 sqm, a luxury boutique hotel, and branded residences. Additionally, Aldar has signed an agreement to acquire the fully occupied Grade A office building '6 Falak' in Dubai Internet City. These investments, totaling AED 1.8 billion, aim to expand Aldar's presence in Dubai's key business sectors and align with its strategy to provide premium office spaces in major business districts.

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced its financial results for the first half of 2024. Key highlights include: - The balance sheet expanded to AED 323 billion, up 2.7% year-to-date (YTD). - Total income increased by 21% year-over-year (YoY) to AED 11.3 billion. - Pre-tax profit grew by 18% YoY to AED 3.72 billion. - Group net profit rose 8.6% YoY to AED 3.378 billion. - Net financing and sukuk investments reached AED 278 billion, up 3.8% YTD. - Customer deposits increased by 5.4% YTD to AED 234 billion, with CASA deposits now at 42%. - Impairment charges decreased by 32% YoY to AED 652 million. - Non-performing financing improved to 4.99%, down 41 basis points YTD. - The cost-to-income ratio increased by 140 basis points YoY to 27.8%. - Liquidity coverage ratio remains robust at 145.9%. - Return on assets (ROA) and return on tangible equity (ROTE) remained stable at 2.2% and 18%, respectively. - Common equity tier 1 (CET1) ratio stood at 13.7% and capital adequacy ratio (CAR) at 18.1%, indicating a well-capitalized entity. These results demonstrate DIB's strong financial performance and growth in various key metrics.

Dubai Islamic Bank P.J.S.C. has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2024.

The Dubai Financial Market (PJSC) Board of Directors' meeting is scheduled for Monday, July 29, 2024, at 3:00 PM. The agenda includes discussing the condensed consolidated interim financial information for the six-month period ending June 30, 2024, and addressing regular matters and any other business.

The text is a reference to a review report and condensed consolidated interim financial information for Sukoon Insurance P.J.S.C. and its subsidiaries, formerly known as Oman Insurance Company P.S.C., for the six-month period ending June 30, 2024.

Sukoon Insurance PJSC held a Board of Directors meeting on Tuesday, July 23, 2024, at 10:00 AM at their head office in Dubai and via Teams video conferencing. The agenda included reviewing and approving the Q2 2024 financial statements, appointing an external actuary, and a general review of the company's business. The meeting results were communicated to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, with a copy sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

A new contract series for Micro DME Oman Crude Oil Futures, specifically the September 2025 contract, will be available for trading starting on July 25, 2024. The contract, identified by the symbol OMOIL U25 and ISIN OIL240725001, will be listed until July 24, 2025. Further details can be found on the Dubai Financial Market website. The information provided is subject to change and should not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the SCA (Registration No: 604097), will hold a board meeting on Friday, 26th July 2024 at 11:30 AM. The agenda includes reviewing and approving the H1 financial statements for 2024, discussing the acquisition of a company involved in education, real estate development, investment, and other sectors, and discussing operational matters. The meeting will be chaired by Ma’an Albostami, the Board Secretary.