Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
GFH Financial Group B.S.C. announced that it has purchased 2,915,000 treasury shares, increasing its total treasury shares from 162,906,461 (4.251% of total issued shares) to 165,821,461 (4.327% of total issued shares) as of October 23, 2025. The decision to purchase was made by the board of directors on March 2, 2025, and approved by the relevant authority on October 20, 2025. The average purchase price was 0.5520 SDU, representing 0.076% of the issued capital. There are 217,437,922 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
On October 23, 2025, Amlak Finance PJSC announced the sale of its wholly-owned subsidiary, Amlak Finance Egypt SAE, to Al Baraka Bank Egypt for EGP 400 million (approximately AED 30.8 million). This transaction signifies Amlak Finance PJSC's complete exit from its Egyptian operations and aligns with its strategic objectives. The sale will affect the company's financial position by reducing retained earnings by AED 94 million, primarily due to the devaluation of the Egyptian Pound. The financial impact is expected to appear in the third or fourth quarter of 2025. The announcement was authorized by Lama Takieddin, Head of Governance and Board Secretary.
Emirates Integrated Telecommunications Company PJSC (du) reported a 14.6% growth in net income and an 8.0% increase in revenues for the first nine months of 2025. In the third quarter, revenues rose by 7.9% year-over-year, supported by strong commercial performance in both B2C and B2B segments and a robust EBITDA margin of 47.8%. The company completed a secondary public offering of 7.55% of its share capital, enhancing its market profile. The mobile and fixed bases grew by 10.3% and 9.7%, respectively. The steady performance over three quarters allows du to reaffirm its 2025 revenue growth guidance of 6-8% and an EBITDA margin of 45-47%.
The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2025.
The Islamic Arab Insurance Company (Salama) has appointed Essa Ali Bin Salem Al Zaabi as the new Chairman of the Board of Directors. This appointment is part of Salama's transformation and growth strategy, following shareholder approval of a recapitalization plan to enhance solvency and regulatory capital. Mr. Al Zaabi has over 20 years of leadership experience in both public and private sectors, with expertise in human capital development and institutional transformation. He aims to sustain underwriting performance and uphold service standards. Mohamed Ali Bouabane, Group CEO, expressed confidence in Mr. Al Zaabi's ability to strengthen Salama’s foundations and focus on profitable growth. Mr. Al Zaabi previously held senior roles at the Dubai Chamber of Commerce and Industry and other notable organizations. Salama is a leading Shariah-compliant Takaful solutions provider listed on the Dubai Financial Market.