Latest Threads on News from companies

The board of directors of Takaful Emarat Insurance PSC held a meeting on Thursday, February 12, 2026, at 3:00 PM by circulation. Five board members were present, achieving a quorum of 71%. During the meeting, the appointment of Mr. Hisham Moufid Hammoud as Vice Chairman of the Board of Directors was approved. The document was signed by Adnan Sabaalaish, the Chief Executive Officer, on the same date, and the company's seal was affixed.

Amanat Holdings PJSC, a leading investment company in healthcare and education, has appointed Dr. Ali Saeed Bin Harmal Aldhaheri as the new Chairman of its Board of Directors, effective immediately. This decision follows a board meeting on February 12, 2026. Dr. Ali has been a board member since November 2020 and has extensive experience in education and business sectors. He replaces Dr. Shamsheer Vayalil, who is stepping down to focus on other business interests. Under Dr. Shamsheer's leadership, Amanat successfully implemented strategies that enhanced shareholder value, including divesting an education real estate asset and listing its education business, Almasar Alshamil Education, on the Saudi Exchange. Dr. Ali expressed his commitment to continuing the company's growth and profitability. He also holds several other prominent positions, including roles in education and investment sectors, and has an MBA from the American University in Washington DC and a PhD from Durham University.

Amanat Holdings PJSC reported strong financial results for the fiscal year 2025, ending December 31. The company, a leading healthcare and education investment firm, saw a 17% increase in revenue from continuing operations, reaching AED 931.7 million. EBITDA grew by 28% to AED 380.4 million, and profit from continuing operations rose 42% to AED 248.1 million. The company completed its monetization cycle, resulting in cash and bank balances of AED 1.45 billion, and proposed a record dividend of AED 175 million, pending shareholder approval. Strategically, Amanat completed the IPO of Almasar Alshamil Education on the Saudi Exchange, exited non-core real estate investments, and strengthened its balance sheet to enhance shareholder distributions and reinvestment opportunities. In healthcare, the Cambridge Health Group expanded its operational bed capacity and increased EBITDA, with further growth anticipated. In education, student enrollments rose 20% to 27.9 thousand, with significant growth across its institutions and plans to expand SEN facilities. These accomplishments position Amanat for scalable growth in the future.

Amanat Holdings PJSC has released its consolidated financial statements for the year ending on December 31, 2025. Additional information can be found on their website, www.amanat.com.

The document is the consolidated financial statements of Al-Mazaya Holding Company K.S.C. (Public) and its subsidiaries, based in the State of Kuwait, for the year ending December 31, 2025. It includes an independent auditor's report.

Air Arabia reported a record net profit before tax of AED 1.8 billion for the year ending December 31, 2025, marking a 14% increase from the previous year. The company's revenue grew by 15% to AED 7.78 billion, driven by a 16% rise in passenger numbers, which reached 21.8 million, and the addition of 30 new routes. The fourth quarter saw a net profit exceeding AED 405 million, with a 26% increase in quarterly revenue. The Board of Directors has proposed a cash dividend of 30 fils per share, subject to shareholder approval. Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia, attributed the strong performance to the successful execution of the company's growth strategy and the trust of its customers.