Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Nasdaq Dubai celebrated the listing of a USD 500 million Sukuk issued by Sharjah Islamic Bank, marked by a bell-ringing ceremony. The five-year Sukuk, maturing in September 2031 with a profit rate of 5.850%, was oversubscribed 2.6 times with an order book of USD 1.3 billion from regional and international investors. This issuance is dual-listed on Nasdaq Dubai and Euronext Dublin and is rated A- by S&P Global Ratings. Sharjah Islamic Bank has now listed 11 Sukuk issuances totaling USD 5.5 billion on Nasdaq Dubai. The total outstanding Sukuk listings on Nasdaq Dubai amount to USD 98.2 billion, within total debt listings of USD 144.6 billion. The Deputy CEO of Sharjah Islamic Bank, Ahmed Saad Ibrahim, highlighted the strong demand as a testament to investor confidence in the bank and the UAE economy, while emphasizing the importance of sustainable growth and diversification of funding sources. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, noted the bank's consistent access to international capital markets and the importance of such listings for providing investors with Sharia-compliant assets linked to the UAE economy.
On 29 October 2026, a Board of Directors meeting for Dubai Refreshment PJSC was held at 10:00 AM at the company's main office in Dubai Investment Park 2 and online. During the meeting, the board approved the interim financial statements for the third quarter of 2026 and discussed various internal matters, making appropriate decisions. The communication was signed by Maryam Al Nuiami, Senior Legal Manager and Board Secretary.
The Dubai Electricity and Water Authority (DEWA) has issued a clarification regarding a market disclosure by ACWA related to the Hassyan Sea Water Desalination Project. The key details confirmed are: ACWA Power holds a 40% share while DEWA holds 60%. The project will have a desalination capacity of 272,000 cubic meters per day, with an expected commercial operation date in October 2029. The term of the water purchase agreement is 30 years, and the contract value is approximately 478 million dollars.
The document is a review report and condensed interim financial statements for Dubai Refreshment (P.J.S.C.) covering the nine-month period ending on September 30, 2026.
The document is a notification addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, regarding an upcoming Earning Call Meeting for Ajman Bank P.J.S.C. The meeting is scheduled to take place on November 3, 2026, at 2:00 PM, to discuss the financial results for the third quarter of 2026. Additional information can be found on Ajman Bank's website. The message is signed by Badreldin Eltahir Elmogadam, General Counsel and Board of Directors’ Secretary.
Emirates Central Cooling Systems Corporation PJSC (Empower) and its subsidiary ELIPS have successfully renewed their international ISO certifications, underscoring their commitment to global best practices and high standards in quality, sustainability, and corporate excellence. The renewed certifications include ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety Management, following audits by Bureau Veritas. Empower also renewed its ISO 27001:2022 Information Security Management certification, highlighting its dedication to data protection and compliance. This achievement marks a continuation of Empower's 20-year history of maintaining ISO certifications, demonstrating its ongoing efforts to enhance performance and operational efficiency in line with international standards.
TECOM Group reported significant financial growth in the first nine months of 2026, with revenues exceeding AED 2.3 billion, marking an 11% increase from the previous year. The company's recurring net profit rose by 10% to AED 1.2 billion, supported by high occupancy rates, strategic asset portfolio expansion, and strong customer retention. EBITDA also grew by 11% to AED 1.8 billion, maintaining a margin of 79%. Funds from Operations increased by 11% to AED 1.6 billion, reflecting efficient cash conversion and collection processes. The third quarter saw a 12% revenue growth, primarily due to a 35% rise in land lease portfolio revenue. Customer retention improved to 95%, indicating strong confidence in TECOM's business ecosystems.