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The Board of Directors of Islamic Arab Insurance Company (SALAMA) is inviting shareholders to attend the Annual General Assembly meeting on Thursday, April 23, 2026, at 3:00 PM. The meeting will be held at the company headquarters in Dubai or can be attended virtually. Shareholders will receive a link to join the meeting via email, text messages, and the Dubai Financial Market website. The agenda includes appointing the meeting secretary and vote collector, reviewing and approving the Board’s report, the Auditor’s Report, the internal Sharia Supervisory Committee Report, the company’s balance sheet, and profit & loss account for the year ending December 31, 2025. Additionally, the reappointment of the Sharia Supervisory Committee members, including Dr. Salim Ali Al Ali, will be considered.
Emirates NBD reported a record total income of AED 14.4 billion for the first quarter of 2026, marking a 21% increase year-on-year, driven by strong balance sheet growth and record non-funded income growth. The bank's profit before tax rose to AED 8.2 billion, up 6% year-on-year, supported by resilient margins and strategic investments in regional expansion, digital, and GenAI initiatives. The balance sheet surpassed AED 1.2 trillion, with lending increasing by AED 45 billion (7%) to AED 703 billion and deposits growing by AED 44 billion (6%) to AED 830 billion. Emirates NBD maintained strong capital ratios, with a CET-1 ratio of 14.2% and a liquidity coverage ratio of 141%. Emirates Islamic also showed strong growth, achieving a profit before tax of AED 1 billion. Key highlights include a 6% year-on-year and 28% quarter-on-quarter increase in profit before tax, a 21% year-on-year rise in total income, and a 24% year-on-year increase in operating profit before impairment. The impaired loan ratio improved to 2.3%, reflecting robust portfolio quality.
On April 23, 2026, Emirates NBD Bank's Board of Directors disclosed the results of their meeting held on April 22, 2026. The meeting included the approval of the previous meeting's minutes and the approval of the consolidated financial statements for the first quarter ending March 31, 2026, available in both Arabic and English. Additionally, the board discussed regular business activities. This information was communicated to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, with a copy sent to the Capital Market Authority. Dr. Ahmed Alkhalfawi, the Group Company Secretary, signed off on the disclosure.
Amlak Finance PJSC has announced a dividend distribution of AED 735 million, equivalent to AED 49 fils per share, following strong financial results for FY 2025. The company's net profit after income tax rose significantly to AED 1.47 billion from AED 12 million in 2024, largely due to the successful sale of the Ras Al Khor land bank, which generated AED 2.9 billion in proceeds. Total income for 2025 increased to AED 3.12 billion, and operating costs decreased by 9% to AED 92 million. Amlak's total assets stood at AED 3.42 billion at the end of FY2025. The company has fully settled its investment deposits and exited the Common Terms Agreement. Amlak plans to review additional strategic options to align with shareholder expectations and focus on the managed exit of its legacy business lines, including the transfer and sale of its Real Estate Finance portfolio. The company aims to surrender its Central Bank UAE license as part of this process. The Board of Directors and management are committed to ensuring sustainable long-term growth and value creation.