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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Ithmaar Holding B.S.C
Disclosure: Detailed Analysis Accumulated Losses

The document is prepared in line with the SCA Board of Directors' Decision No. (32/R.M.) of 2019, addressing companies with shares listed on the market whose accumulated losses are 20% or more of their paid-up capital. Compliance with the decision is mandatory when losses reach 50% or more. Ithmaar Holding B.S.C. reported financial statements for Q4 2025, showing accumulated losses of USD 827.64 million, which is 109% of the paid-up capital. The losses initially reached 68.8% in December 2016 due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to additional impairments, raising losses to 98%. In 2020, losses increased by $87.5 million due to COVID-19's economic impact. Subsequent years saw fluctuations with decreases in 2021 and 2024 due to net income, and increases in 2022 and 2023 due to net losses. By 2025, losses slightly decreased by $1.01 million due to net profit. The document provides a detailed analysis of losses, especially when they exceed 50% of the company's capital.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Ithmaar Holding B.S.C
Disclosure: Financial statements for the year of 2025

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on ITHMR shares for not submitting their financial statements for the year of 2025
Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Dubai Islamic Bank
Disclosure: Result of Earnings Call

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Dubai Taxi Company PJSC
Disclosure: Preliminary financial results for the year of 2025

The Dubai Taxi Company PJSC, established on November 9, 2023, has a paid-up, subscribed, and authorized capital of AED 100,000,000. The company is chaired by H.E. Abdul Muhsen Ibrahim Kalbat, with Mr. Mansoor Rahma Juma Abdulla Alfalasi serving as the CEO. Deloitte & Touche (M.E.) is the external auditor. For the year ending December 31, 2025, the company reported total assets of AED 2,393,707,000, shareholders' equity of AED 474,828,000, revenue of AED 2,474,161,000, operating profit of AED 443,041,000, and a profit for the year of AED 356,071,000. Earnings per share stood at AED 0.14.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on MAZAYA shares starting from 2:30 PM (UAE Time) as its BOD meeting is being held today, 12-02-2026 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on ASNIC shares starting from 12:00 PM as its BOD meeting is being held today, 12-02-2026 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on UFC shares starting from 12:00 PM as its BOD meeting is being held today, 12-02-2026 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on EMAAR shares starting from 11:30 AM as its BOD meeting is being held today, 12-02-2026 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
3 days ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on TABREED shares starting from 11:00 AM as its BOD meeting is being held today, 12-02-2026 and until results are disclosed
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