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Threads on regulatory news from companies
Threads on regulatory news from companies
Amlak Finance PJSC reported its Q3 2025 financial results, highlighting a net group profit after tax of AED 1.95 billion, a significant increase from AED 15.92 million in the same period the previous year. The company completed the sale of Ras Al Khor land plots, generating AED 2.9 billion in proceeds, contributing to a total income of AED 3.10 billion for Q3 2025, compared to AED 101 million in Q3 2024. Operating costs decreased by 7% to AED 54 million. Amlak settled its financial obligations with six financiers, exiting the Common Terms Agreement and releasing all pledges and securities. The company's regional investments contributed AED 5 million in income before divestment. Amlak entered into an agreement to divest its Egyptian subsidiary for EGP 400 million and fully divested its investment in an associate in Saudi Arabia during Q3 2025.
On 12 November 2025, Amlak Finance P.J.S.C held a board meeting from 3:00 PM to 4:00 PM. Five board members were present, achieving a quorum of 71%. The meeting resulted in the approval of the financial statements for the third quarter ending 30 September 2025, and the board discussed routine business matters. The authorized signatory for the meeting was Lama Takieddin, Head of Corporate Governance and Company Secretary.
On 2 November 2025, Hamed Ahmed Ali, CEO of the Dubai Financial Market, announced the successful completion of the institutional book-building process for the IPO of 30% of Amanat Holdings PJSC's wholly-owned indirect subsidiary, Almasar Alshamil Education Company, on the Tadawul. The IPO was oversubscribed by 102.9 times. The final offer price was set at SAR 19.5 per share, leading to a total offering size of SAR 599 million and a market capitalization of SAR 1,997 million at listing. The offering period for individual subscribers is scheduled from 18 to 20 November 2025. All net proceeds from the offering will be paid to the selling shareholder and ultimately to the company. Further details can be found at https://masareducation.com/IPO.
The text is a formal announcement addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, from Al Firdous (P.J.S.C.). It informs him about the results of the company's Board of Directors' meeting held on November 12, 2025. During the meeting, the board discussed the Audit Committee's recommendations regarding the company's financial statements for the second quarter ending on September 30, 2025. The board decided to adopt these preliminary financial statements and authorized Sheikh Khaled Zayed S. Al Nahayan, the Chairman, to sign and disclose them. The announcement is also copied to the Security and Commodities Authority.