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On May 11, 2026, the Investment Corporation of Dubai transferred its entire shareholding in Emaar Properties PJSC to Emirates Power Investment LLC, a subsidiary of Dubai Holding. This transaction, conducted via the Dubai Central Securities Depository LLC, resulted in Emirates Power Investment LLC owning 22.2723% of Emaar's total issued shares, while the Investment Corporation of Dubai no longer holds any shares. Consequently, Dubai Holding's total shareholding in Emaar increased to approximately 29.73%. Emaar Properties expressed satisfaction that Dubai Holding will become its largest shareholder and continue as a long-term investor, reinforcing their strategic partnership.
Dubai Investments reported a stable first-quarter performance in 2026, with a profit before tax of AED 185.06 million, slightly up from AED 184.89 million in the same period last year. Profit after tax increased to AED 168.97 million from AED 167.18 million. The company's diversified portfolio and strong core operating segments contributed to this stability, with the property segment, particularly the ground-rent infrastructure platform, being a key driver due to stable occupancy and recurring income. Total assets grew to AED 23.43 billion, and total equity rose to AED 15.39 billion as of March 31, 2026. Khalid Bin Kalban, Vice Chairman and CEO, highlighted the strength and balance of the business model in supporting consistent outcomes despite market fluctuations. Dubai Investments aims to advance growth across core sectors, focusing on real estate developments and strengthening its portfolio in healthcare, education, and financial investments. The company remains well-positioned to navigate market conditions, supported by the resilience of the UAE economy.
Al Ramz Corporation PJSC reported strong financial results for the first quarter of 2026, with net profit reaching AED 12.1 million, an 81% increase from the previous quarter. Total revenues were AED 41.6 million, up 36% quarter-on-quarter. The company attributed its success to strategic priorities and digital innovation, which have bolstered growth and long-term value. Key highlights include a 53% growth in net commission income due to increased market activity and client engagement, and a record AED 3.2 million in asset management fees, with assets under management rising by 10% to AED 1.45 billion. Market-making revenues increased by 104%, driven by new mandates, while net interest income reached a record AED 16.6 million, up 21%. The asset management business saw continued growth, securing ADGM licenses and preparing to launch new funds, enhancing its regional offerings.
The document is a review report containing the condensed consolidated financial information for Al Ramz Corporation Investment and Development P.J.S.C. for the period ending March 31, 2026.
The text refers to the interim condensed financial statements of Union Coop for the three-month period ending on March 31, 2026. These statements are unaudited.