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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From National Industries Group Holding (S.A.K.)
Disclosure: Result of Earnings Call

1. Disclosure: Result of Earnings Call

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emaar Properties PJSC
Disclosure: Press release

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Drake & Scull International P.J.S.C
Disclosure: Resolutions of General Assembly

1. Disclosure: Resolutions of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From ARAMEX PJSC
Disclosure: Press release

Aramex, a global logistics and transportation solutions company, has appointed Arqaam Securities as the liquidity provider for its shares listed on the Dubai Financial Market (DFM). Arqaam Securities, a leading regional financial institution, will trade Aramex shares independently, ensuring compliance with DFM and Securities and Commodities Authority (SCA) regulations. The agreement is for one year and Arqaam Securities' ownership of Aramex shares will not exceed 5% at any time. This move aims to enhance market liquidity, reduce the spread between bid and ask prices, and facilitate smoother trading experiences for investors. Aramex's shares are 50% free float and 100% open to foreign investment, with Geo post and Abu Dhabi Ports being the strategic shareholders owning 28% and 22% respectively.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From EMAAR DEVELOPMENT PJSC
Disclosure: Press release

Emaar Development reported a 50% increase in property sales in Q1 2024, reaching AED 12.9 billion (US$ 3.5 billion), compared to AED 8.6 billion (US$ 2.3 billion) in Q1 2023. The company's sales backlog increased to AED 65.7 billion (US$ 17.9 billion). Emaar Development also announced the launch of two major developments, The Heights Country Club & Wellness and Grand Polo Club & Resort, spanning over a total of 141 million square feet of land, with a combined development value of AED 96 billion (US$ 26 billion). The company's EBITDA in Q1 2024 was AED 1.7 billion (US$ 463 million), a 48% increase from Q1 2023.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on DIN shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Alliance Insurance
Disclosure: Financial statements for the 1st QTR of 2024

1. Disclosure: Financial statements for the 1st QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Insurance Co , PSC
Disclosure: Financial statements for the 1st QTR of 2024

1. Disclosure: Financial statements for the 1st QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Insurance Co , PSC
Disclosure: Results of BOD Meeting

Dubai Insurance Co. has informed the Dubai Financial Market that its Board of Directors met on February 12, 2024, to review and approve the company's Q1 2024 financials. The board also reviewed Circular No. 2224/2024 concerning financial reporting and external audit regulation for insurance companies. The information was communicated by Sahem Abdel Haq, Head of Legal & Compliance at Dubai Insurance Co.

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Earnings Call

GFH Financial Group B.S.C. has announced a webcast for the financial results of the first quarter of 2024, which will be held on 15th May 2024 at 01:00 pm Kingdom of Bahrain Time. The webcast, which will cover the period ending 31st March 2024, is open to all shareholders and investors of the company. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

1. Disclosure: Earnings Call

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