Latest Threads

The earnings call for TECOM Group PJSC regarding the financial statements for the first quarter ending on March 31, 2025, was held at 3:00 pm on Monday, May 12, 2025. Shareholders and investors are encouraged to visit the Investor Relations page on the company's website to view the presentation of the financial results and operational highlights for the period. A link to the presentation is provided. The communication is addressed to Mr. Hamad Ali, CEO of the Dubai Financial Market, and is copied to the Securities and Commodities Authority. The letter is from Abdulla Belh, a Chief Executive, and TECOM Group is a member of Dubai Holding.

Al Salam Bank has introduced a new digital service that allows clients to apply for credit cards based on their monthly salary through the bank's mobile app. This service eliminates the need for branch visits or physical document submissions. It offers instant approval after virtual income verification, aiming to provide a faster and fully integrated digital banking experience. This initiative is part of the bank's efforts to enhance its digital platforms and streamline banking operations, reflecting a strategic shift towards full digitalization. The service is designed for ease of use and quick processing, reinforcing the bank's dedication to delivering superior banking experiences without traditional processes. For more details, clients can visit the bank's website, contact via WhatsApp, or use the Skiplino app to book a virtual branch appointment.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has its headquarters located at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE. The company is addressing Mr. Hamid Ahmed Ali, the CEO of the Dubai Financial Market, in a letter dated May 12, 2025. The letter informs shareholders that the agenda item concerning the approval of the company's consolidated and audited financial statements for the period ending March 31, 2025, has been postponed. The company's board of directors will make decisions on this matter by circulation on May 15, 2025. The letter is signed by Islam Mahrous, the Chief Compliance Officer.

Nasdaq Dubai has listed a USD 500 million Green Sukuk issued by OMNIYAT, a Dubai-based real estate developer. This three-year Sukuk, maturing in May 2028, offers a profit rate of 8.375% and is part of a USD 1 billion Trust Certificate Issuance Programme. The funds raised will be used to support sustainable real estate projects within OMNIYAT's portfolio, focusing on energy efficiency and environmental performance. The issuance was well-received by both regional and international investors, indicating strong confidence in OMNIYAT's strategy and Dubai's real estate sector. Mahdi Amjad, OMNIYAT's Founder and Executive Chairman, emphasized the company's commitment to sustainable growth. Hamed Ali, CEO of Nasdaq Dubai and DFM, highlighted the significance of this listing in enhancing the exchange's ESG and Islamic finance offerings. With this listing, the total value of ESG-linked debt instruments on Nasdaq Dubai has reached USD 29.6 billion, and the total value of Sukuk listed stands at USD 96.2 billion.