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Threads on regulatory news from companies
Threads on regulatory news from companies
A letter dated February 3, 2026, from Karem Mahmoud, Director of Legal at Dubai Refreshment P.J.S.C, addressed to Hamed Ahmed Ali, CEO of Dubai Financial Market, announces a Board of Directors meeting for Dubai Refreshment P.J.S.C. The meeting is scheduled for Tuesday, February 10, 2026, at 9:30 AM at the company's main office in Dubai Investment Park 2, Dubai, and will also be accessible via online video technology. The agenda includes reviewing and approving the audited financial statements for 2025, approving the date and agenda for the 2026 Annual General Meeting (AGM) pending approval from the Capital Market Authority, and discussing internal company matters to make necessary decisions.
TECOM Group reported record revenues of AED 2.9 billion for 2025, marking a 19% year-on-year increase. The group's recurring net profit also rose by 20% to AED 1.5 billion, marking the fourth consecutive year of strong growth. This performance was driven by strategic portfolio expansion and robust performance across all business segments. EBITDA reached AED 2.2 billion, a 20% increase with a 78% margin, supported by effective operational performance. Funds from Operations grew by 19% to AED 2 billion, aided by stronger income-generating assets and improved collections. The fair value of the Group’s Investment Property Portfolio increased by 23% to AED 34.5 billion. Occupancy rates for commercial and industrial assets remained high at 97%, reflecting strong demand and customer retention. The Board proposed a cash dividend of AED 440 million for the second half of 2025, a 10% increase over previous payouts. The Group invested over AED 2.5 billion in strategic development projects and acquisitions to support sustainable growth.
The document is the consolidated financial statements of TECOM Group PJSC and its subsidiaries for the year ending December 31, 2025.
SALAMA, the Islamic Arab Insurance Company, has received shareholder approval for strategic investors Eshraq Investments PJSC and Humana Holding Limited to participate in its Mandatory Convertible Sukuk issuance, each subscribing up to AED 175 million. This move is part of SALAMA's recapitalization and long-term growth strategy to transform into a national insurance leader based in Dubai. The capital raised will support investments in talent, technology, infrastructure, brand development, distribution, and future mergers and acquisitions. The participation of these investors indicates strong institutional confidence in SALAMA's transformation and long-term vision.
GFH Financial Group B.S.C. announced that it has acquired a 60% majority stake in Byrne Equipment Rental LLC, a leading industrial services and equipment rental provider in the GCC. This acquisition is part of an investment and capital expenditure program valued at approximately $400 million. The investment is expected to have a positive impact on GFH's financials and increase the Group's returns. For more details, refer to the attached release. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Salik, Dubai's toll gate operator, has updated its Concession Agreement with the RTA to shift from a fixed to a variable pricing model, following Executive Council Decision Number 1 of 2025. This change introduces a dynamic inflation protection mechanism, enhancing financial transparency for investors. Previously, a fixed rate of AED 4 per trip was used, but the new model employs a blended tariff based on actual traffic data, with charges of AED 6 during peak, AED 4 during off-peak, and AED 0 past midnight, excluding discounted trips. Adjustments will be made annually based on real data and the CPI index, effective January 1st each year. The concession fee will remain between 15% and 25%, providing stability and aiding financial planning. This update aims to create a more predictable revenue model, boosting investor confidence and reflecting Salik's commitment to sustainable financial practices.