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Emaar Properties PJSC reported a record-breaking year in 2025, achieving its highest-ever sales, revenue, and profit figures. Property sales increased by 16% to AED 80.4 billion, while net profit before tax rose by 36% to AED 25.7 billion. The company's revenue grew by 40% to AED 49.6 billion, and EBITDA increased by 33% to AED 25.6 billion. Emaar's revenue backlog also saw a 39% increase, reaching AED 155 billion. The company's performance was driven by strong demand across its core businesses, including property development, retail, hospitality, and international operations. Emaar's substantial land bank supports its ongoing expansion and long-term value creation. The Board of Directors recommended maintaining dividends at 100% of share capital for 2025, following the company's robust performance. Emaar continues to focus on customer satisfaction and community experiences.
Ithmaar Holding B.S.C., a company incorporated in Bahrain, has issued a circular to its shareholders. The circular concerns the consideration and approval of a related party resolution by independent shareholders. This resolution pertains to an in-kind contribution as part of a rights issue by Dar Al-Maal Al-Islami Trust and its affiliates, who are major shareholders of Ithmaar Holding.
The preliminary results for the year ending December 31, 2025, for Ithmaar Holding B.S.C. have been released. The company, established on August 13, 1984, has a paid-up and subscribed capital of 3,030,755,027 shares at $0.25 per share, totaling $757,688,757 (AED 2,782,687,729). The authorized capital is 8,000,000,000 shares at $0.25 per share, amounting to $2,000,000,000 (AED 7,345,200,000). The Chairman of the Board is HRH Prince Amr Mohammed Al Faisal, and the Group Chief Executive Officer is Maysan Almaskati. The external auditor is KPMG Fakhro. The company's mailing address is Seef Tower, Building 2080, Road 2825, Al Seef District 428, P.O. Box 2820, Manama, Kingdom of Bahrain. Contact details include a telephone number +973 1758 4000, fax +973 1758 4017, and email info@ithmaarholding.com.
The document is prepared in line with the SCA Board of Directors' Decision No. (32/R.M.) of 2019, addressing companies with shares listed on the market whose accumulated losses are 20% or more of their paid-up capital. Compliance with the decision is mandatory when losses reach 50% or more. Ithmaar Holding B.S.C. reported financial statements for Q4 2025, showing accumulated losses of USD 827.64 million, which is 109% of the paid-up capital. The losses initially reached 68.8% in December 2016 due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to additional impairments, raising losses to 98%. In 2020, losses increased by $87.5 million due to COVID-19's economic impact. Subsequent years saw fluctuations with decreases in 2021 and 2024 due to net income, and increases in 2022 and 2023 due to net losses. By 2025, losses slightly decreased by $1.01 million due to net profit. The document provides a detailed analysis of losses, especially when they exceed 50% of the company's capital.