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Dubai Financial Market News

News Update From ARAMEX PJSC

Disclosure: Notification from the company

Aramex PJSC has announced the final results of a voluntary conditional cash offer from Q Logistics Holding LLC, a subsidiary of Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100% of Aramex's issued and paid-up ordinary share capital not already owned by Abu Dhabi Ports Company PJSC. The completion of the offer is subject to certain conditions outlined in the Offer Document. Aramex will provide further updates on any significant developments.

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Dubai Financial Market News

News Update From Gulf Navigation Holding PJSC

Disclosure: Press release

GULFNAV announced its financial results for 2024, reporting a net loss of AED 20 million due to strategic investments aimed at enhancing long-term operations. The company focused on fleet modernization, operational efficiency, and eco-friendly technologies to comply with maritime regulations and sustainability standards. Despite short-term financial challenges, GULFNAV expects a recovery in petrochemical shipping demand in 2025. It received shareholder approval to acquire Brooge Energy Limited's assets for AED 3.2 billion, which includes new shares, convertible bonds, and cash, pending further approvals. GULFNAV aims to strengthen its financial health, optimize costs, and expand through strategic partnerships.

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Dubai Financial Market News

News Update From Gulf Navigation Holding PJSC

Disclosure: Financial statements for the year of 2024

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Dubai Financial Market News

News Update From Gulf Navigation Holding PJSC

Disclosure: Results of BOD Meeting

The Board of Directors of Gulf Navigation Holding PJSC held a meeting on March 27, 2025, and made several resolutions. They approved the audited financial statements for the year ending December 31, 2024. They also agreed to call for the annual general assembly meeting on April 30, 2025, subject to the approval of the Securities and Commodities Authority. The agenda for this meeting was approved, also pending the same approval. Additionally, the board recommended to the general assembly that no dividends be distributed for the financial year ending December 31, 2024. Finally, they recommended amending Article 43 of the company's articles of association regarding the method of announcing the general assembly meeting to align with governance regulations.

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Dubai Financial Market News

News Update From Islamic Arab Insurance Company

Disclosure: Press release

Islamic Arab Insurance Company (Salama), the UAE’s largest Takaful solutions provider, reported significant financial improvements for 2024, with insurance revenue of AED 1.046 billion and a 118% increase in net profits to AED 24.6 million. The company successfully addressed audit qualifications outstanding since 2019, issuing its 2024 financial statements without them. Salama's total assets were AED 3.306 billion at the end of 2024. The company focused on resolving legacy issues, digital transformation, and enhancing underwriting performance. It introduced a UAE National Development Programme to align with Emiratisation targets and continued to provide affordable healthcare coverage through the Essential Benefit Plan. Salama's efforts have been recognized at various industry forums, and it remains committed to its stakeholders and its strategy to be a leading Takaful provider in the region.

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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

Disclosure: Integrated report for the year 2024

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Dubai Financial Market News

News Update From Watania International Holding PJSC

Disclosure: Opens the nominations for BOD membership

Watania International Holding PJSC has announced the opening of nominations for its Board of Directors. The nomination period will run from April 2 to April 11, 2025. Eligible individuals and shareholders are invited to apply by submitting their applications via the company's official email. Applications must include a candidate profile and specify the desired membership category (Executive, Non-Executive, or Independent Member). Seven board members will be elected, in line with the company's Articles of Association. Candidates must meet eligibility criteria outlined in relevant laws and regulations. The nomination period is ten days, and applications must comply with specific document requirements. Once the nomination period closes, candidates cannot transfer their nominations. The list of candidates will be published on the company's website on April 14, 2025, and shared with the Securities and Commodities Authority and the Dubai Financial Market.

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Dubai Financial Market News

News Update From Watania International Holding PJSC

Disclosure: Invitation of General Assembly

The Board of Directors of Watania International Holding (PJSC) invites shareholders to attend the company's Annual General Assembly Meeting on Wednesday, April 23, 2025, at 2:00 pm. The meeting will be held at the 13th Floor, Building 2, The Galleries, Jebel Ali Downtown, Dubai, UAE, and will be available in a hybrid format, allowing participation in person or via video conferencing with electronic voting through www.smartagm.ae. The agenda includes approval of the Board and Auditor's reports, discussion of the company's financial statements, consideration of a recommendation not to distribute dividends, approval of Board remuneration, discharge or dismissal of Board members and auditors, appointment of external auditors for 2025, and election of the Board of Directors for the 2025-2028 term.

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News Update From Taaleem Holdings PJSC

Disclosure: Press release regarding financial results for the H1 2024/25

Taaleem Holdings PJSC, a leading K-12 premium education provider in the UAE, reported strong financial results for the first half of the 2024/25 fiscal year. The company achieved an 18.2% year-over-year increase in operational revenues, reaching AED 648.8 million, and a 15.4% rise in net profit to AED 160.2 million, maintaining a profit margin of 24.7%. Premium school enrolment grew by 18.8%, while government partnership schools saw a 2.2% increase. Taaleem expanded its premium school capacity by 28.0% and added new schools, including the acquisition of Lycée Libanais Francophone Privé Meydan. The company also secured a land lease on Saadiyat Island for a new super-premium school in Abu Dhabi. Despite higher expenses, EBITDA increased by 13.0% to AED 251.2 million.

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News Update From Taaleem Holdings PJSC

Disclosure: Financial statements for the 2nd QTR of 2025

Taaleem Holdings P.J.S.C. and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the six-month period ending on February 28, 2025.

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