Latest Threads on News from companies

Dubai Islamic Bank has announced the opening of nominations for its Board of Directors from November 3 to November 14, 2025. Individuals meeting the necessary criteria can nominate themselves for positions as Non-Executive or Independent Directors by submitting an application via email. Nine members will be elected, and nominations must adhere to specific legal and regulatory requirements. Candidates must undergo a Fit and Proper assessment and obtain approval from the Central Bank of the UAE. Applications submitted after the deadline or without all required documents will be invalid. The list of candidates will be published two days before the Annual General Assembly Meeting, where elections will occur in 2026. Required documents include identification, clearances, qualifications, references, and declarations. Candidates may need to submit additional documentation as per regulations.

On November 3, 2025, Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, announced the IPO price range for Amanat Holdings PJSC's subsidiary, Almasar Alshamil Education Company. The company plans to float 30% of its shares on the Saudi stock market, Tadawul, with a price range set between SAR 18.5 and SAR 19.5 per share. This implies a potential offering size between SAR 568 million and SAR 599 million, and a market capitalization at listing between SAR 1,894 million and SAR 1,997 million. The net proceeds from the offering will go to the selling shareholder and ultimately to the company. The IPO is a significant step in Amanat Holdings' strategy to invest, unlock value, and accelerate growth, focusing on generating shareholder value through monetizing mature assets and reinvesting in growth opportunities in education and healthcare. This follows the successful divestment of North London Collegiate School's real estate assets in August 2025, which generated AED 453 million. The Board of Directors plans to evaluate and recommend a capital allocation plan for the IPO and real estate proceeds, balancing cash returns to shareholders with reinvestment into opportunities that support the company's mission of creating long-term, sustainable value.

GFH Financial Group B.S.C. announced that it has purchased 1,100,000 treasury shares, increasing its total treasury shares from 173,511,461 (4.527% of total issued shares) to 174,611,461 (4.556% of total issued shares) as of November 2, 2025. The decision was made at a board meeting on March 2, 2025, and was approved by the relevant authority on October 20, 2025. The average purchase price was 0.5998 SDU, and the purchased shares represent 0.029% of the issued capital. There are 208,647,922 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

The DFM Regulated Short Sell weekly summary for the period from October 27, 2025, to October 31, 2025, reports that there were no regulated short sell trades during this time. For more details on regulated short selling, refer to the DFM Market Rules and related documents available on their website. The announcement is also accessible online. The information provided is subject to change, and DFM is not responsible for any potential losses incurred from using this data.

Dubai Financial Market (DFM) reported a 212% increase in net profit before tax, reaching AED 930.8 million for the first nine months of 2025. Total consolidated revenue rose by 138% to AED 1.1 billion, driven by increased trading activity, diversified income streams, and a one-off gain from the sale of an investment property. The total traded value increased by 82% to AED 133 billion compared to the same period in 2024. Market capitalization grew by 9.7% to AED 995 billion since the end of 2024. The DFM General Index rose by 13.2%, reflecting strong market momentum and investor confidence. H.E. Helal Saeed Al Marri, Chairman of DFM, highlighted the strength of Dubai's capital markets and the success of DFM's strategy to enhance market liquidity and attract global investors. Total expenses were AED 162.6 million, with operating income contributing AED 409.7 million and investment returns and other income adding AED 216.5 million.

TECOM Group reported a net profit of over AED 1.1 billion for the first nine months, reflecting an 18% increase year-on-year. The company's revenue grew by 20% to surpass AED 2.1 billion, driven by increased occupancy, higher rental rates, and portfolio expansion. EBITDA reached AED 1.7 billion, marking a 20% year-on-year growth due to operational efficiencies. Funds from operations increased by 16% to AED 1.5 billion. Occupancy rates in the Commercial and Industrial portfolio rose by 2% to 96%, and Land occupancy increased by 8% to 98%, indicating strong demand for TECOM Group's assets.

The document is the condensed interim consolidated financial statements for TECOM Group PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2025.