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Dubai Taxi Company PJSC (DTC) reported a 19% year-on-year growth in EBITDA for FY 2024, reaching AED 584.4 million, with revenue increasing by 12% to AED 2.20 billion. The company completed 49 million trips across its taxi and limousine segments, marking a 6% increase from the previous year, and expanded its operational taxi fleet by 744 vehicles, raising its market share to 47%. The EBITDA margin improved by 1.6 percentage points to 27%, and net profit rose 18% to AED 331.3 million, excluding interest and tax. DTC launched a new five-year strategy focused on innovation and excellence and reported a successful partnership with Bolt, completing over one million trips between December and mid-January. The Board of Directors recommended final dividends of AED 122.3 million, totaling AED 281.6 million for the year. The growth was supported by Dubai's population and tourism increase, as well as urban expansion. The taxi segment's revenue rose by 12% to AED 1.92 billion, and the limousine segment saw an 8% revenue increase to AED 124.5 million. The bus segment also performed well, with an 11% revenue increase to AED 119.2 million.

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on February 19, 2025, at the company's headquarters, where they achieved quorum and addressed several key items. They approved the board's report and audited financial statements for 2024, decided to convene the Annual General Meeting on March 19, 2025, pending approval from the Securities and Commodities Authority, and proposed distributing cash dividends for the second half of 2024 totaling AED 122,308,369, representing 85% of the net profit. The board also resolved to seek shareholder approval to amend the company's articles of association regarding the definition of "Government Shareholder," subject to prior approval from the Securities and Commodities Authority. Additionally, the Corporate Governance Report for 2024 and other operational and internal matters were discussed.

A notification was issued for a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) scheduled for Thursday, February 27, 2025, at 10:30 AM. The agenda includes reviewing DEWA's audited financial statements for 2024, considering the appointment of KPMG as the external auditor for the fiscal year ending December 31, 2025, and discussing other business matters. The notice was signed by Aakash Nijhawan, Group Head of Investor Relations.

Empower Insulated Pipe Systems (ELIPS), a subsidiary of Emirates Central Cooling Systems Corporation, has expanded its market presence in the Gulf and Middle East, now operating in Saudi Arabia, Bahrain, Oman, Qatar, Kuwait, and Egypt, alongside its existing UAE operations. Over the past 16 years, ELIPS has produced over 880 kilometers of insulated pipe systems, with a 40% production increase in the last five years, serving more than 300 clients and completing over 240 projects. Chairman Ahmad bin Shafar noted the company's strategic expansion into global markets, emphasizing its use of competitive, advanced technologies to meet diverse market needs. ELIPS aims to become the leading supplier for district cooling and oil and gas sectors, focusing on sustainability and manufacturing without carbon-emitting materials. Its Dubai-based factory is the largest in the UAE, featuring advanced robotics technology.

Al Ramz Corporation PJSC, a prominent financial services institution based in Dubai, has expanded its regional presence by securing a market maker license from the Bahrain Bourse. This development is part of Al Ramz's ongoing strategy to enhance its influence in the GCC region, following a recent license approval from the Muscat Stock Exchange. The company aims to improve market efficiency in Bahrain by leveraging its expertise in market making, which includes enhancing price discovery and stabilizing trading environments. Karim Shoeib, Group CEO of Al Ramz, highlighted the strategic importance of this expansion in reinforcing the company's presence across the GCC and supporting Bahrain's national vision. Al Ramz plans to utilize advanced quantitative strategies and algorithmic trading to optimize order flow and reduce market volatility, contributing to the development of Bahrain's financial sector. The expansion reflects Al Ramz's dedication to ethical and sustainable market practices while maintaining transparency and regulatory alignment.

The Board of Directors of National Central Cooling Company PJSC (Tabreed) invites shareholders to attend the annual general assembly meeting on Tuesday, March 25, 2025, at 1:00 PM UAE time. Shareholders can attend in person at the company's headquarters in Masdar City, Abu Dhabi, or virtually via an electronic link sent after registration. The agenda includes authorizing the chairman to appoint a meeting secretary and vote collector, and a special resolution to authorize the Board to issue additional non-convertible bonds, sukuk, or similar instruments up to USD 2 billion, in compliance with applicable laws and regulations.