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TECOM Group reported strong financial performance in the first quarter of 2026, with a 12% increase in net profit, driven by a diversified business model, resilient operations, and a robust customer base. Revenues grew by 11% year-on-year to AED 755 million, reflecting the group's ability to sustain growth. EBITDA increased by 13% to AED 610 million, with an EBITDA margin of 81%, supported by operational efficiency and disciplined cost management. The recurring net profit rose to AED 403 million, aided by high occupancy rates and strategic investments. Funds from Operations grew by 14% to AED 549 million, driven by revenue growth and optimized collections. Occupancy rates for commercial and industrial assets increased to 98%, indicating strong demand for Grade-A assets. Overall, strategic investments, high occupancy rates, and solid customer retention contributed to TECOM Group's profitability.
The document is the condensed interim consolidated financial statements for TECOM Group PJSC and its subsidiaries, covering the three-month period ending on March 31, 2026.
On April 28, 2026, the Board of Directors of TECOM Group PJSC held a meeting where they approved the condensed consolidated interim financial statements for the first quarter of 2026 and addressed regular matters and any other business.
The document is a communication addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, regarding the disclosure of nominees for the Board of Directors membership for Al Sagr National Insurance Company (PSC). It lists the individuals who have submitted applications for nomination to the board. The nominees are: Mr. Majid Abdalla Al Sari, Mr. Mohamad Ali Al Sari, Mr. Khalid Abdulla Omran Taryam, Mr. Hassanain Abdulamir Ali, Mr. Masoud Ahmad Alzarooni, Ms. Jawaher Salem Almheiri, Mr. Ahmad Matar Abdulrahman Al Mheiri, Ms. Fatima Marzouq Mohammed Ali Al Ali, Mr. Jasim Hussain Ahmed Al Ali, Mr. Mana Abdulla Alzarooni, Mr. Mohamed Juma AlBahar, Mr. Julu Lalu Thomas, Mr. Samer Mohamed Soliman, Mr. Shahid Hameed Abdul Hamid, Ms. Fatima Salem Al-Jussaiman, and Mr. Paul John Sweeting.
The Islamic Arab Insurance Company, SALAMA, held its General Assembly Meeting on Tuesday, April 28, 2026, from 3:00 pm to 3:54 pm at their headquarters in Dubai and via virtual participation. The meeting, chaired by Mr. Essa Ali Bin Salem Alzaabi, had a quorum of 64.7935% of the total capital, with 56.4035% authenticity and 8.3901% proxy. The assembly approved several resolutions, including the appointment of Mr. Ahmad Abdelrahim as AGM Secretary and Mr. Mohamed Shaaban as Vote Collector. They also approved the Board of Director’s Report, Auditor’s Report, Sharia Supervisory Committee Report, Balance Sheet, and Profit & Loss Account for the year ended December 31, 2025. Additionally, the reappointment of the Internal Sharia Supervision Committee members was confirmed.
The document is a review report and condensed consolidated interim financial information for Dubai Islamic Bank P.J.S.C., covering the three-month period that ended on March 31, 2026.