Latest Threads on News from companies

The Board of Directors of Mashreq Bank P.S.C invites shareholders to the annual general assembly meeting on March 10, 2026, at 10:00 am UAE time. Shareholders can attend in person at the Bank’s headquarters in Dubai or virtually via a link sent to them after registering their attendance. The agenda includes authorizing the chairman to appoint a secretary and vote collector, reviewing and approving reports and financial statements for 2025, considering a cash dividend distribution, approving Board remuneration, discharging or dismissing Board members and auditors from liability, and appointing auditors for 2026. Special resolutions involve updating and issuing securities programs and undertaking related financial actions. Shareholders must register electronically to vote, and proxies are allowed under specific conditions. The meeting requires at least 50% shareholder attendance for validity, with a second meeting scheduled if quorum is not met. Shareholders registered by specific dates are entitled to vote and receive dividends. The meeting will be recorded, and shareholders can discuss agenda items and ask questions. Financial statements and governance reports are available online.

Emirates Central Cooling Systems Corporation PJSC (Empower) announced its financial results for 2025, reporting a historic net profit of AED 1.0 billion, a 10.5% increase from the previous year, and record revenues of AED 3.42 billion, marking a 4.9% year-on-year growth. The company also achieved an EBITDA of AED 1.65 billion, a 6.2% growth compared to 2024. Empower's connected capacity reached approximately 1.7 million refrigeration tons, affirming its position as the world's largest district cooling services provider. The company signed 186 new contracts, increasing its total contracted capacity by 11% to around 2 million RT, and added 110 new buildings to its portfolio, serving a total of 1,747 buildings. The district cooling distribution pipeline network now exceeds 430 kilometers. CEO H.E. Ahmad Bin Shafar highlighted that these record results reflect the strength of Empower's business model, strategic expansion, operational efficiency, and commitment to sustainability and governance, reinforcing its role in supporting Dubai's sustainable urban development.

A new series of equity futures contracts will be available for trading on the Dubai Financial Market starting February 12, 2026. These contracts, expiring in May 2026, include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. Each contract has a specific listing date of February 12, 2026, and a de-listing date of May 21, 2026. This announcement and further details can be accessed on the Dubai Financial Market's website. The information provided is subject to change and should be cross-referenced with the official Dubai Financial Market Regulated Derivative Contract Trading Regulation for accuracy.