Latest Threads

A meeting for the Board of Directors of Dubai Refreshment P.J.S.C is scheduled for Tuesday, 9 December 2025, at 10:00 AM. It will be held at the company's headquarters in Dubai Investment Park 2, Dubai, and via online video technology. The meeting will focus on discussing internal company matters and making appropriate decisions. The notice is addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and is signed by Karem Mahmoud, Director of Legal at Dubai Refreshment P.J.S.C.

On 27 November 2025, the Board of Directors of Gulf Navigation Holding PJSC held a meeting and made several resolutions. They approved the appointment of Mr. Jimmy Nazmi Rached as a new board member, pending approval at the upcoming general assembly meeting. Mr. Suhail Suhail Almazrouei was elected as Vice Chairman. The election of the Chairman was postponed to a future meeting. The board also approved the renewal of the liquidity provider agreement. Additionally, they agreed to call for a general assembly meeting in December 2025, subject to approval from the Securities and Commodities Authority, to consider a stock split by reducing the nominal value of shares without affecting the company's total capital.

Emirates Central Cooling Systems Corporation PJSC (Empower) celebrated the UAE's 54th Eid Al Etihad at its headquarters in Dubai, emphasizing national pride and unity. The event, attended by CEO H.E. Ahmad Bin Shafar and employees, featured activities highlighting Emirati culture and heritage. Empower's headquarters were decorated with national symbols to express pride in the UAE's achievements. H.E. Ahmad Bin Shafar noted the occasion as a tribute to the Founding Fathers and the current leadership's vision for sustainable development. Empower reaffirmed its commitment to promoting national identity and teamwork, supporting the UAE's development goals.

Fitch Ratings has upgraded Salik Company's credit rating from A- to A with a stable outlook. This upgrade is attributed to Salik's strong financial position, robust business model, and its significant connection with Dubai's economy, as well as improvements in the emirate's credit quality. Salik, the exclusive toll gate operator in Dubai, has demonstrated strong financial performance, operational resilience, and a commitment to enhancing transparency and optimizing capital market access. The upgrade also considers Salik's exclusive role in Dubai's toll system, low leverage, and long-term concession agreement with the RTA, which ensures stable cash flow. As of September 30, 2025, Salik maintained a net debt/EBITDA ratio of 2.61x, well below its debt covenant, and generated significant free cash flow. The upgrade reflects international confidence in Salik's business model and Dubai's transportation system.

On Thursday, 27 November 2025, Aramex PJSC held a meeting from 3:00 PM to 5:15 PM UAE time, attended by all nine board members, achieving a 100% quorum. The meeting focused on discussing the company's business updates and routine matters. The meeting results were documented by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.