Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Taaleem Holdings PJSC, a leading K-12 education provider in the UAE, announced its financial results for the nine-month period ending May 31, 2026. The company reported an 18.5% year-over-year increase in operating revenues to AED 1,166.2 million and a 9.0% rise in net profit to AED 283.2 million, driven by growth in the premium schools segment and contributions from Kids First Group (KFG). Despite regional challenges, Taaleem maintained full operational continuity, with strong enrolment and fee collection. The premium schools segment saw a 10.5% increase in capacity and an 11.5% rise in enrolment, signaling robust demand. EBITDA, excluding KFG, rose 16.0% to AED 439.4 million, reflecting a 37.7% margin. The net profit margin was 24.3%, impacted by expansion-related finance costs and a one-off calendar adjustment. KFG contributed AED 10.7 million to earnings, with enrolment recovering to 82% of pre-closure levels by mid-June. Overall, Taaleem's operations remained resilient, adapting seamlessly to on-campus and remote learning as needed.
Taaleem Holdings P.J.S.C. and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the nine-month period ending on May 31, 2026.
On July 9, 2026, a board meeting of Taaleem Holdings PJSC was held from 3:00 PM to 5:00 PM with 8 board members present, achieving an 89% quorum. The board resolved to approve and publish the Interim Condensed Consolidated Financial Statements for the nine-month period ending May 31, 2026. The meeting's authorized signatory was Alan Williamson, the Chief Executive Officer.
ASB Capital, an asset and wealth management firm with USD 9.1 billion in assets under management, served as Joint Lead Manager and Bookrunner for Alinma Bank's USD 500 million Sustainable Additional Tier 1 Sukuk issuance. This issuance, which is perpetual and callable after 5.5 years with an annual profit rate of 6.625%, was listed on the International Securities Market of the London Stock Exchange. The transaction was highly successful, being more than three times oversubscribed, indicating strong demand from regional and international investors. ASB Capital has established a growing presence in regional capital markets, having participated in several significant Sukuk and capital raising transactions. The firm is also expanding its investment banking services through strategic advisory roles. ASB Capital's involvement in this transaction underscores its strong relationships and trust within the industry, while Al Salam Bank's Chief Treasury Officer highlighted the regained momentum in regional debt capital markets and the appeal of Sukuk issuances as part of diversified funding strategies.
Dubai Electricity and Water Authority (DEWA) and Dubai Taxi Company (DTC) have launched Dubai's first ultra-fast electric vehicle (EV) charging hub for DTC’s electric taxi fleet. The hub, located at DTC’s headquarters in Muhaisnah 4, features 24 ultrafast charge points, each with a capacity of 360 kW, enabling the simultaneous charging of 24 vehicles in about 35 minutes. This development is part of a strategic agreement signed at WETEX 2025 to install over 200 ultrafast EV charge points for DTC's fleet, enhancing Dubai's green mobility infrastructure. The initiative supports Dubai's Green Mobility Strategy 2030 and the Net Zero Carbon Emissions Strategy 2050 by promoting sustainable and efficient transportation and reducing carbon emissions. DEWA CEO Saeed Mohammed Al Tayer emphasized the importance of strategic partnerships in advancing Dubai’s sustainability goals, while DTC Group Chairman Abdul Muhsen Ibrahim Kalbat highlighted the role of such collaborations in DTC's growth and commitment to innovative mobility.
The document outlines the margin parameters for DFM Futures, effective from July 9, 2026, listing various underlying symbols with their respective base margin percentages, currencies, and base and spread margins per contract. The underlying symbols include AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA. The methodology for margin calculation and eligible margin types can be found in the Derivatives Clearing Guidelines and Procedures. The announcement is available on the Dubai Financial Market website, and the information is subject to change. The document is not a substitute for the Dubai Financial Market Regulated Derivative Contract Trading Regulation, which prevails in case of inconsistencies.
Ajman Bank has successfully issued its first USD 300 million Additional Tier 1 Perpetual Sukuk with a profit rate of 6.500%. This marks a significant milestone in the bank's growth journey, reflecting investor confidence in its financial strength and strategic direction. The issuance strengthens Ajman Bank's capital foundation, diversifies funding sources, and enhances its ability to support the UAE economy. The Sukuk attracted strong interest from regional and international investors, demonstrating the bank's robust credit profile. The issuance is part of Ajman Bank's strategy to broaden its capital base and aligns with the UAE's vision for resilient financial markets. The Sukuk will be listed on the London Stock Exchange and Nasdaq Dubai.