Latest Threads on News from companies

Al Salam Bank has partnered with the newly launched food delivery platform Keeta to offer a special promotion for its Visa Credit and Prepaid cardholders in Bahrain. The promotion provides up to a 99% discount (capped at BD 3) on orders made through the Keeta app for the first 6,000 clients who use their Al Salam Bank card. The offer is available twice per client during the campaign period from January 11 to February 11, 2026. This collaboration aims to enhance customer experiences by integrating modern digital payment solutions and promoting card usage. Keeta, in turn, focuses on providing a reliable and rewarding user experience, offering benefits such as free delivery with subscriptions and an On-Time Delivery Promise.

Drake & Scull International PJSC (DSI) has entered into a Strategic Collaboration Agreement with Prestige One Developments, a Dubai-based luxury real estate developer. This partnership includes a binding agreement on sales, marketing, and branding for DSI's Majan project, aiming for a sales launch in the first quarter of 2026. The collaboration will see Prestige One utilizing DSI's engineering and construction expertise, particularly in MEP works, for upcoming projects. This arrangement provides DSI with increased visibility on future MEP contracts, enhancing its order book and revenue prospects. The partnership combines Prestige One's development skills with DSI's engineering capabilities to ensure quality and timely project execution, while also setting a foundation for future joint projects.

GFH Financial Group B.S.C. announced the purchase of 8,058,426 treasury shares, increasing its total treasury shares from 348,313,876 (9.088% of issued shares) to 356,372,302 (9.298% of issued shares) as of January 11, 2026. The decision was made by the board of directors on March 2, 2025, and approved by the relevant authority on October 20, 2025. The average purchase price was 0.589, and the shares purchased represent 0.210% of the issued capital. There are 26,887,081 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group has announced the purchase of 391,000 treasury shares, increasing its total treasury shares from 347,922,876 (9.078% of the total issued shares) to 348,313,876 (9.088% of the total issued shares) as of January 9, 2026. The decision to purchase was made in a board meeting on March 2, 2025, and received authority approval on October 20, 2025. The average purchase price was 0.609, and the purchased shares represent 0.010% of the issued capital. There are 34,945,507 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

The weekly summary for DFM Regulated Short Sell transactions from January 5 to January 9, 2026, reports no RSS trades during this period. For more details on Regulated Short Selling, refer to the DFM Market Rules and Operational Model available on the DFM website. The information is subject to change, and DFM is not liable for any losses resulting from the use of this document's content.

The Islamic Arab Insurance Company (PJSC) held a General Assembly Meeting on October 16, 2025, where shareholders approved a capital reduction totaling AED 456,567,815. This reduction will be achieved by extinguishing accumulated losses of AED 443,861,155 through the cancellation of 439,737,326 shares on a pro-rata basis and utilizing AED 4,123,829 from the statutory reserve to offset the remaining losses.

Union Properties PJSC has announced the launch of Mirdad Tower 2, part of its AED 2 billion master-planned development in Dubai's Motor City. The 31-story residential tower offers a variety of living spaces, including studios, one to three-bedroom apartments, and loft residences. The design emphasizes sustainable luxury, space efficiency, and natural light. Strategically located in Motor City, the development benefits from strong infrastructure and connectivity, aiming to attract residents and investors. Mirdad Tower 2 features over 26 lifestyle amenities, such as wellness facilities, coworking spaces, and entertainment zones.

Taaleem Holdings PJSC, a leading K-12 premium education provider in the UAE, reported a 20.9% year-over-year increase in operational revenue for Q1 2025/26, reaching AED 369.9 million. This growth was driven by a 12.8% rise in enrolments at new and expanded premium schools. Net profit, including results from its 95% stake in Kids First Group (KFG), was AED 71.3 million, marking a 13.9% decline from the previous year due to higher finance costs and the absence of a one-off favorable transaction from the prior year. EBITDA, excluding KFG, grew by 4.8% to AED 123.9 million, with a margin of 33.5%. The company expanded premium school capacity by 10.5%, adding 2,274 seats, while PPP school capacity decreased by 6.8%. Construction of Harrow Dubai is on track for a September 2026 opening.