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TECOM Group reported a 22% increase in net profit for the first half of 2025, reaching AED 737 million, driven by strategic expansion and strong performance across its business segments. Revenue grew by 21% to AED 1.4 billion, supported by rising rental rates, high occupancy rates, and income from strategic assets acquired the previous year. EBITDA rose 24% year-on-year to AED 1.1 billion, with the EBITDA margin increasing to 80%, indicating operational optimization and sustainable growth. Funds from operations increased 17% to AED 984 million, due to improved revenue quality and effective portfolio management. The Board of Directors approved an interim cash dividend of AED 400 million for the first half of 2025, in line with the company's dividend policy. The results highlight TECOM Group's strong performance and its role as a key partner for international and regional companies, reinforcing Dubai's position as a leading hub for foreign direct investment.
Takaful Emarat Insurance, a public shareholding company based in Dubai, UAE, and subject to Federal Law No. 48 of 2023, announced on July 31, 2025, that it received a No Objection Certificate from the Central Bank of the UAE for the appointment of new board members. The nominees are Mr. Hicham Moufid Hammoud, a Palestinian national, and Ms. Huda Buhumaid, a UAE national, both as non-executive and independent members. This notification follows the company's previous announcement on April 28, 2025, regarding board membership nominations. The announcement was made by Adnan Sabaalaish, the Acting CEO.
The document is the condensed interim consolidated financial statements of TECOM Group PJSC and its subsidiaries for the six-month period ending June 30, 2025.
The Board of Directors of Gulf Navigation Holding PJSC held a meeting on Thursday, 31 July 2025. During this meeting, they approved regular matters and other business-related issues of the company. The information was communicated by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC, to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saed Al Awadhi, CEO of the Securities and Commodities Authority.
On 31 July 2025, the Board of Directors of Dubai Financial Market PJSC held a meeting where they discussed and approved the company's financial statement for the second quarter ending 30 June 2025. They also addressed regular matters and any other business.