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Date: 22 April 2025 To: Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, P.O. Box 9700, Dubai - United Arab Emirates Subject: Disclosure of the results of Emirates NBD Bank (P.J.S.C) Board of Directors Meeting The Board of Directors of Emirates NBD Bank (P.J.S.C) held a meeting on Monday, 21st April 2025, where they discussed the following agenda items: 1. Approval of the previous Board of Directors meeting minutes held on 28 January 2025. 2. Approval of the financial results for the three-month period ended 31 March 2025. 3. Discussion of normal business activities. Best Regards, Dr. Ahmed Alkhalfawi, Group Company Secretary, Emirates NBD Bank (P.J.S.C) Cc: Securities & Commodities Authority
Emirates Islamic Bank, a public joint stock company, has released its unaudited group condensed consolidated interim financial statements for the three-month period ending March 31, 2025. The bank's head office is located on the 3rd Floor of Building 16 in Dubai Health Care City, Dubai, United Arab Emirates. For inquiries, they can be contacted via telephone at +971 600599995 or fax at +971 4 3582659. Their website is www.emiratesislamic.ae, and their mailing address is P.O. Box 6564, Dubai, United Arab Emirates.
Emirates Islamic reported a record net profit of AED 1 billion for the first quarter of 2025, marking a 24% increase compared to the same period last year. The bank's total income rose by 8% year-on-year to AED 1.45 billion, driven by increases in both funded and non-funded income. Operating profit improved by 5% year-on-year, while expenses grew by 15% as the bank continued to invest in growth. The bank's capital position remains strong, with a Tier 1 ratio of 17.8% and a capital adequacy ratio of 18.9%. Total assets increased by 11% to AED 123 billion, and customer deposits rose by 8% to AED 83 billion. The non-performing financing ratio improved to 4%, with a strong coverage ratio of 146%. The bank's net profit margin stood at 3.85%.
On 21st April 2025, the Board of Directors of Emirates Islamic Bank (P.J.S.C) held a meeting where they approved the minutes from the previous meeting on 28th January 2025, approved the financial results for the three-month period ending 31st March 2025, and discussed normal business activities. The communication was addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of the Dubai Financial Market, and was sent by Dr. Ahmed Alkhalfawi, Group Company Secretary of Emirates NBD Bank (P.J.S.C). A copy was also sent to the Securities & Commodities Authority.
Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, registered under Federal Law No. 48 of 2023. It is listed in the insurance companies register with the number 86 since October 14, 2008. The company is planning a board meeting on Thursday, April 24, 2025, at 3:00 PM, conducted by circulation. The meeting agenda includes reviewing and approving a Liquidity Provision agreement. The document is signed by Adnan Sabaalaish, the Acting Chief Executive Officer, on April 21, 2025.
On April 21, 2025, Amlak Finance PJSC held a General Assembly Meeting from 3:00 PM to 4:00 PM at Kempinski the Boulevard, chaired by Mr. Jamal Hamed Almarri. The meeting had a quorum of 60.47% of the total capital. The assembly resolved to approve several reports and financial statements for the year ending December 31, 2024, including the Board of Directors’ Report, Auditors’ Report, Internal Sharia Supervisory Committee Report, Balance Sheet, and Profit and Loss Account. The remuneration for the Board of Directors for the fiscal year was also approved. The assembly endorsed the recommendation not to distribute dividends to shareholders and absolved both the Board of Directors and the Auditors from liability for the year 2024.
GFH Financial Group B.S.C. announced that it has purchased 470,000 treasury shares, increasing its total treasury shares from 196,776,941 (5.13% of total issued shares) to 197,246,941 (5.15% of total issued shares) as of April 21, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2024, and received regulatory approval on February 16, 2025. The average purchase price was 0.289 USD per share. There are 186,012,442 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
On April 21, 2025, a letter was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, from Ibrahim Sultan Al Haddad, the CEO of Salik Company PJSC. The letter announced that the Board of Directors of Salik Company is scheduled to meet on Friday, April 25, 2025, at 8:00 AM. The agenda for the meeting includes the election of the Chairman and Vice-Chairman of the Board, the formation of the Audit Committee and the Nomination and Remuneration Committee, and the discussion of other regular business matters.