Latest Threads

The Dubai Financial Market (PJSC) has announced that its Board of Directors is considering the approval of two resolutions by circulation. This decision process is scheduled to occur between May 14 and May 16, 2025.

The form is prepared according to the SCA Board of Directors’ Decision No. (32/R.M.) of 2019, which outlines procedures for listed companies with accumulated losses amounting to 20% or more of their paid-up capital. Companies must comply with the decision when losses reach 50% or more. As of May 14, 2025, Ithmaar Holding B.S.C. reported accumulated losses of USD 827.65 million, equating to 109% of its paid-up capital. The losses initially amounted to 68.8% in December 2016, primarily due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to increased provisions, raising the loss percentage to 98%. The accumulated losses rose by $87.5 million in 2020 due to COVID-19 impacts, decreased by $35 million in 2021 due to net income, increased by $29.9 million in 2022, and by $9.3 million in 2023 due to net losses. In 2024, losses decreased by $9.4 million, and in 2025, by $1 million, both due to net profits attributable to shareholders. The analysis of accumulated losses is required when they exceed 50% of the company's capital.

The document is the condensed consolidated interim financial information for Ithmaar Holding B.S.C. as of March 31, 2025.

Ithmaar Holding B.S.C. announced that its Board of Directors held a meeting on Wednesday, May 14, 2025, at 2 PM, where they approved the financial results for the period ending March 31, 2025. The announcement was directed to the Bahrain Bourse and the Dubai Financial Market.

Emaar Properties PJS C and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending March 31, 2025.

Dubai Electricity and Water Authority PJSC (DEWA) has been added to the MSCI Emerging Markets Index as of May 30, 2025. DEWA, listed on the Dubai Financial Market, is the largest company on the market with a capitalization exceeding AED 130 billion. The inclusion in the MSCI Index is a significant milestone for DEWA, enhancing its global investment appeal. DEWA's addition to the index is notable due to its large market capitalization, aligning it with other sought-after emerging market companies. DEWA is recognized for its stability, growth potential, and commitment to sustainable energy goals, making it attractive to international investors. The MSCI Emerging Markets Index is a major global benchmark with over 1,400 constituents and approximately US$7 trillion in assets linked to it. Inclusion in the index can lead to automatic capital inflows from passive investment funds, providing consistent demand for DEWA's stock.