Latest Threads on News from companies

The text is a proxy form for shareholders of Al Salam Bank B.S.C., allowing them to authorize another person to attend and vote on their behalf at the Bank's Extraordinary General Meeting on November 27, 2025. If a quorum is not present, the meeting will be rescheduled for December 4, 2025, and December 11, 2025, if necessary. The agenda includes ratifying previous meeting minutes, approving amendments to the Bank's Articles of Association to include new business activities and board membership qualifications, and authorizing specific individuals to handle formalities related to these changes. Shareholders can attend in person or via a proxy, who cannot be a director or employee of the Bank unless they are a first-degree relative. Proxy forms must be submitted 24 hours before the meeting. Additional information and documents are available on the Bank's website and the Bahrain Bourse website.

Emaar Properties reported strong financial results for the first nine months of 2025, with property sales reaching AED 61 billion (US$ 16.6 billion), a 22% increase from the previous year. The company's revenue backlog grew by 49% to AED 150.3 billion (US$ 41 billion), providing visibility for future revenue. Revenue increased 39% to AED 33.1 billion (US$ 9 billion), while EBITDA rose 32% to AED 16.6 billion (US$ 4.5 billion). Net profit before tax was AED 16.7 billion (US$ 4.5 billion), up 35%. Emaar's diversified portfolio and strategic focus on quality and customer experience have driven consistent growth across its property, retail, hospitality, and international businesses. The company benefits from a substantial land bank, supporting ongoing expansion and long-term value creation. Emaar emphasizes customer satisfaction through design excellence and innovative community experiences.

The document is the unaudited interim condensed consolidated financial statements for Emaar Properties PJSC and its subsidiaries, covering the period ending on September 30, 2025.

Emaar Development reported strong performance in the third quarter of 2025, with property sales reaching AED 52.9 billion (US$ 14.4 billion) and a 49% growth in net profit before tax to AED 9.8 billion (US$ 2.7 billion). Revenue for the first nine months of 2025 increased by 41% to AED 17.6 billion (US$ 4.8 billion), and the revenue backlog grew by 44% to AED 120.4 billion (US$ 32.8 billion) compared to the same period last year. EBITDA rose by 49% to AED 8.9 billion (US$ 2.4 billion), maintaining a robust 51% margin. The company attributes its success to the launch of 33 new projects, operational efficiencies, and a commitment to quality and sustainability. Emaar also introduced the Dubai Mansions project, which has generated significant interest.

Emaar Development PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending September 30, 2025.

Al Salam Bank B.S.C invites its shareholders to an Extraordinary General Meeting on November 27, 2025, at the Ritz Carlton Hotel in Bahrain. If a quorum is not met, subsequent meetings are scheduled for December 4 and December 11, 2025. The agenda includes ratifying previous meeting minutes, approving amendments to the Articles of Association to include new business activities like e-market operations and online retail, and setting qualifications for board membership. These changes require approval from the Central Bank of Bahrain and the Ministry of Industry and Commerce. The meeting will also authorize certain individuals to execute necessary formalities and address any other arising matters. Shareholders registered on the meeting date can attend or appoint a proxy, with proxy forms available on the bank's website and to be submitted 24 hours before the meeting. Institutional shareholders must provide a signed and sealed proxy form. Draft amendments are available online, and inquiries can be directed to the Investor Relations Department.