Latest Threads

The text refers to the unaudited, consolidated financial statements of Al Firdous Holdings (P.J.S.C.) and its subsidiary as of March 31, 2024. The company is based in Dubai, United Arab Emirates.

BHM Capital, a major financial institution listed on the Dubai Financial Market, has won the "Best Equity Broker in Dubai" award at the 2024 Arab Federation of Capital Markets Conference. The award recognizes BHM Capital's performance in 2023. The conference, hosted by the Qatar Stock Exchange, gathered key stakeholders in finance to discuss challenges and opportunities in Arab capital markets. Deputy CEO of BHM Capital, Alaa Dwekat, and Chief Business Development Officer, Ayman Ghoneim, accepted the award. Dwekat noted the award reflects the company's commitment to improving Arab capital markets and the trust of its customers and investors. He also credited the supportive environment and assistance from UAE authorities for the company's success.

The CEO of Air Arabia, Abdelrahman Bin Taliah, has announced that a Board of Directors meeting is scheduled for 13th May 2024 at 3:00 pm. The primary agenda for the meeting will be to discuss the financial results of Q1 2024. The information was shared with Dr. Maryam Al Suwaidi, CEO of the Emirates Securities and Commodities Authority (ESCA), and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market (DFM).

Salik Company, Dubai's exclusive toll gate operator, reported Q1 2024 revenues of AED 562 million, an increase of 8.1% from the previous year. The company attributed the growth to a strong macroeconomic environment and positive tourism trends. Revenue-generating trips also increased by 8.1% to 122.8 million. The number of active registered accounts rose by 16.5% to 2.5 million, while active vehicles increased by 9.2% to 4.1 million. Net profit before tax grew by 10.7% to AED 304.7 million, while net profit after tax was AED 277.3 million, up 0.7% from the previous year, after accounting for the new 9% corporate tax in the UAE. The company also announced the addition of two new toll gates, to be operational by November 2024.