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Dubai Electricity and Water Authority (DEWA) has increased its ownership in Emirates Central Cooling Systems Corporation (Empower) from 56% to 80% by acquiring Dubai Holding's full stake for AED 5.184 billion. DEWA purchased 2.4 billion shares from Emirates Power Investment, a company owned by Dubai Holding. This acquisition is part of DEWA's strategy to strengthen its position in the district cooling sector and aligns with Dubai's long-term development vision. The transaction reflects DEWA's commitment to sustainable urban infrastructure and energy efficiency in Dubai.
On February 10, 2026, Aramex PJSC held a board meeting with full attendance of its nine members. The board approved the audited financial results for the fiscal year ending December 31, 2025, and agreed to invite the Annual General Assembly to meet on April 13, 2026, pending approval from the Securities and Commodities Authority. Due to reduced profitability from significant one-off expenses, the board recommended not distributing dividends for the 2025 fiscal year. The meeting also included discussions on business updates and routine matters. The meeting details were authorized by Amanda Dahdah, Governance Officer and Board Secretary.
The audited consolidated financial statements of Dubai Islamic Bank P.J.S.C. for the year ended December 31, 2025, are pending approval from the Central Bank of UAE and adoption by shareholders at the Annual General Meeting.
The Board of Directors of the Islamic Arab Insurance Company (SALAMA) held a meeting on 10 February 2026. During this meeting, the Board approved several items: the minutes from the previous meeting on 25 December 2025 and decisions made by circulation, the preliminary financial results for the fiscal year ending on 31 December 2025, and the company's reinsurance strategy. They also discussed regular matters and other business.
SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, announced that its Board of Directors will meet on Friday, February 13, 2026, at 4:30 pm. The meeting agenda includes the adoption of the company's preliminary unaudited and unreviewed consolidated financial statements for the year ending December 31, 2025, and other business-related matters. The notice was issued by Islam Mahrous, the Chief Compliance Officer.