Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Emaar Development PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending September 30, 2025.
Al Salam Bank B.S.C invites its shareholders to an Extraordinary General Meeting on November 27, 2025, at the Ritz Carlton Hotel in Bahrain. If a quorum is not met, subsequent meetings are scheduled for December 4 and December 11, 2025. The agenda includes ratifying previous meeting minutes, approving amendments to the Articles of Association to include new business activities like e-market operations and online retail, and setting qualifications for board membership. These changes require approval from the Central Bank of Bahrain and the Ministry of Industry and Commerce. The meeting will also authorize certain individuals to execute necessary formalities and address any other arising matters. Shareholders registered on the meeting date can attend or appoint a proxy, with proxy forms available on the bank's website and to be submitted 24 hours before the meeting. Institutional shareholders must provide a signed and sealed proxy form. Draft amendments are available online, and inquiries can be directed to the Investor Relations Department.
Nasdaq Dubai has listed Binghatti Holding's debut USD 500 million Green Sukuk, which was oversubscribed 4.3 times, attracting over USD 2.1 billion in orders from regional and global investors. The proceeds will fund qualified green projects, supporting the UAE's Net Zero 2050 goals and Dubai's sustainable finance agenda. Issued under Binghatti's USD 1.5 billion Trust Certificate Issuance Programme, the Green Sukuk matures in 2029 and is the company's first ESG-linked issuance. The issuance was priced at a profit rate of 7.75%, tightening from initial guidance of 8.125%. The listing was marked by a market-opening bell ceremony attended by Binghatti executives and Nasdaq Dubai officials. Binghatti's CEO highlighted the Sukuk as a milestone in their sustainable growth journey, reflecting investor confidence in their business model. Nasdaq Dubai's CEO noted the transaction's significance in showcasing the growing demand for ESG-focused instruments and Dubai's role as a global hub for Islamic and sustainable finance. With this listing, Binghatti's total Sukuk value on Nasdaq Dubai reaches USD 1.5 billion, while the total outstanding debt listings on the exchange exceed USD 141 billion.
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, reported record financial results for the third quarter of 2025. The company achieved a revenue of AED 2.586 billion, marking a 5.5% growth, and a pre-tax net profit of AED 757 million, reflecting a 5.3% increase compared to the same period last year. Empower attributes this growth to increased demand for its services in Dubai, driven by the real estate sector and new development projects. The company continues to expand its operations and adopt environmentally friendly cooling solutions. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to sustainability and its role in supporting Dubai's development goals and the UAE's Net Zero 2050 targets. Over the twelve-month period ending in September 2025, Empower reported a consolidated revenue of AED 3.395 billion, a 5.5% increase from the previous year, and an EBITDA of AED 1.596 billion.
Emirates Central Cooling Systems Corporation P.J.S.C has released its interim condensed consolidated financial statements for the three-month and nine-month periods ending on September 30, 2025. These statements are unaudited.
Tabreed, a leading district cooling company, will be added to the MSCI Emerging Markets Small Cap Index effective November 24, 2025, enhancing its visibility among global investors. This inclusion reflects Tabreed's growth, strong performance, and increasing investor confidence in its long-term strategy. The company also announced its first-ever interim dividend for the first half of 2025, amounting to AED 184.9 million. Significant milestones for Tabreed this year include completing major transactions like the PAL Cooling acquisition and the Palm Jebel Ali concession, which have expanded its platform and strengthened its earnings potential. The inclusion in the MSCI index is expected to boost Tabreed's visibility in global capital markets, increase share liquidity, and attract more investors.
The board of directors of BHM Capital Financial Services PSC is scheduled to meet on Monday, November 10, 2025, at 12:00 PM. The meeting agenda includes the discussion and approval of the financial report for the third quarter of the financial year ending in 2025, as well as the discussion of routine operational matters. The announcement is signed by Abdel Hadi Al Sa’di, the Chief Executive Officer.