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Threads on regulatory news from companies
Threads on regulatory news from companies
A notification has been issued regarding a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA). The meeting is scheduled to take place on Wednesday, November 12, 2025, at 9:00 AM. The agenda includes reviewing and considering the company's financial statements for the third quarter of 2025, along with discussing other business matters. The notice is signed by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.
Tabreed, a leading district cooling company, has settled its USD 500 million Trust Certificates due in 2025, originally issued in 2018. This Sukuk was oversubscribed by 50% and carried a 5.5% profit rate. Prior to maturity, Tabreed repurchased certificates worth USD 249.5 million, and has now settled the remaining USD 250.5 million. The settlement is part of Tabreed’s proactive debt management strategy, highlighting its strong liquidity and disciplined capital structure. The company recently raised an AED 1.8 billion Shariah-compliant debt facility. Executives emphasized the company's financial strength, commitment to balance sheet resilience, and investment-grade ratings from Moody’s and Fitch.