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The Board of Directors of Takaful Emarat Insurance PSC invites its shareholders to attend the company's Annual General Assembly Meeting on Thursday, April 30, 2026, at 11 am. The meeting will take place both physically at Nassem Hotel, Al Jumeirah, and electronically/remotely. The agenda includes reviewing and approving the Board of Directors' report, the auditor's report, and the consolidated financial statements for the year ended December 31, 2025. Additionally, the meeting will consider the Internal Shariah Supervisory Committee report, the Board's recommendation not to distribute dividends, the Board's remuneration for the financial year, and the discharge of the Board members from any liability for the financial year ended December 31, 2025.
The document is an interim condensed consolidated financial report for Al Mazaya Holding Company K.S.C. (Public) and its subsidiaries, based in the State of Kuwait. It covers the period ending March 31, 2026, and is unaudited. The report includes a review of the interim condensed consolidated financial information.
Ajman Bank reported a 22% increase in total revenue for the first quarter of 2026, reaching AED 443 million, and achieved a profit before tax of AED 134 million. The bank's performance was driven by growth in its core financing, treasury, and fee-generating businesses. Net revenue increased by 12% to AED 222 million, and non-funded income contributed 28% to net revenue. Customer financing grew by 9% to AED 23.2 billion, and total deposits reached AED 28 billion. The bank's Return on Equity improved by 30 basis points to 15.5%, and the Return on Assets was 1.6%. Asset quality also improved, with the non-performing financing ratio decreasing to 6.5%. The bank's balance assets stood at AED 33 billion, and total shareholder equity was AED 3.2 billion, supporting a Common Equity Tier 1 capital ratio of 12.6%. The CEO, Mustafa Al Khalfawi, highlighted the bank's revenue growth and financial strength, emphasizing disciplined asset growth, cost management, and diversified income streams.
Sukoon Insurance announced strong financial results for the first quarter of 2026, showing growth across key financial indicators. The company reported a 19% year-on-year increase in Gross Written Premiums to AED 2.3 billion, a 28% rise in insurance service results to AED 115.1 million, and a 9% increase in investment income to AED 80.5 million. Profit before tax rose by 24% to AED 141.7 million. Sukoon's total equity increased by 11% to AED 3.34 billion, and it maintains a strong solvency ratio of approximately 265% as of December 31, 2025. The company holds an A rating from Standard & Poor’s and an A2 rating from Moody’s. Interim CEO and CFO Hammad Khan highlighted the company's consistent performance and focus on customer needs, digital capability, and product offerings. Sukoon aims to continue building on its progress and reinforce its position as a reliable insurance provider in the UAE.
The document is a communication from Badreldin Eltahir Elmogadam, General Counsel and Board of Directors’ Secretary, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market in the United Arab Emirates. It summarizes the results of the Board of Directors Meeting #2/2026, held on April 29, 2026. The meeting included the approval of the minutes from the previous meeting, discussion and approval of the financial statements for the first quarter of 2026, and follow-up on routine activities of the bank with the issuance of related resolutions.