Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Nasdaq Dubai has announced the secondary listing of a USD 150 million bond issued by United Terra Enterprises PLC, an energy company involved in both conventional and renewable projects. This marks United Terra's first listing on the exchange. The bonds, which mature in September 2030 and have an interest rate of 11.5% per annum, are also listed on the Frankfurt Stock Exchange, providing international investor access. The listing ceremony was attended by Peter Krempin, CEO of United Terra, and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market. Krempin highlighted the listing as a significant milestone for enhancing the company's visibility in global financial markets. Hamed Ali noted the continued interest from international issuers in Nasdaq Dubai's debt capital markets. With this listing, the total outstanding value of debt securities on Nasdaq Dubai now exceeds USD 146.9 billion, reinforcing its status as a key international hub for fixed income listings.
Al Ansari Financial Services reported a strong financial performance for FY2025, with a 12% increase in operating income to AED 1.29 billion and a 10% rise in EBITDA to AED 563 million. The EBITDA margin improved to 44% due to better operating efficiency. Net profit after tax was AED 401 million, showing a slight 1% decline from the previous year. The growth was driven by solid performance across business lines and the consolidation of BFC Group. Despite challenges such as geopolitical issues and increased costs from regulatory requirements and expansion strategies, the company maintained its market leadership and demonstrated resilience.
Al Ansari Financial Services P.J.S.C. has released its consolidated financial statements for the year ending December 31, 2025.
Tabreed, a leading district cooling company, reported its financial results for the fiscal year 2025, with revenues reaching AED 2.46 billion and a net profit of AED 465 million. The company experienced a 19% year-on-year increase in connected capacity, totaling 1.57 million Refrigeration Tons, driven by both organic growth and acquisitions. Excluding mergers and acquisitions, organic capacity growth was 4.4%, with notable new connections in the UAE. The company also made inorganic additions of 190,800 RT through the PAL Cooling acquisition. Despite a 1% decline in consumption volumes due to cooler weather, revenue still increased by 1%, supported by fixed capacity charges. EBITDA also rose by 1% to AED 1.27 billion, with a margin of 51.6%. The net profit reflects the company's operational strength, despite higher finance costs from debt refinancing and investments. The results also account for one-off transaction costs related to acquisitions and higher financing charges.
The Board of Directors of the National Central Cooling Company (Tabreed) held a meeting on 12 February 2026, as per the requirements of the Disclosure and Transparency Regulations. During the meeting, they approved the audited financial statements for the period ending 31 December 2025. The board also authorized the release of these accounts and a press release to the Capital Market Authority and the Dubai Financial Market.
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.