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On April 22, 2026, Amlak Finance PJSC held a General Assembly meeting at Kempinski the Boulevard, chaired by Mr. Jamal Hamed Almarri. The meeting, which had a quorum of 54.8754% of the total attendance, resolved several key matters regarding the company's financial activities for the year ending December 31, 2025. The assembly approved the Board of Directors’ Report, the External Auditors’ Report, the Internal Sharia Supervisory Committee Report, and the company’s Balance Sheet and Profit and Loss Account. They also approved the distribution of AED 735 million in cash dividends to shareholders, representing 49% of the share capital. The remuneration for the Board of Directors was approved, and both the Board and the External Auditors were absolved from liability for 2025. M/s KPMG was appointed as the external auditor for 2026. Additionally, the assembly approved voluntary contributions for 2026 and amended Article 60 of the Articles of Association to allow for the distribution of interim dividends.
Emirates Integrated Telecommunications Company PJSC ("du") reported strong financial results for the first quarter ending March 31, 2026, with a 6.9% increase in revenues to AED 4.1 billion, a record EBITDA margin of 49.5%, and a 15.5% rise in net profit to AED 0.8 billion. Despite challenges in March due to regional geopolitical developments, the company maintained strong operational performance and business continuity. The growth was driven by disciplined execution across mobile, fixed, and enterprise segments, excellent operational discipline, favorable mix effects, and some one-offs. Operating free cash flow increased by 14.2% to AED 1.7 billion, and liquidity remained robust, supported by strong cash generation and an unleveraged balance sheet. Additionally, du successfully refinanced an AED 2 billion revolving credit facility, securing improved terms and a 7-year tenor, enhancing financial flexibility.
The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the three-month period ending on March 31, 2026.
On April 22, 2026, a meeting of the Board of Directors of Gulf Navigation Holding PJSC took place at 10:00 am. During this meeting, the board approved certain board-related matters and other business items. The communication is addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Capital Market Authority in Abu Dhabi. The letter is signed by Alvaro Benevides, the Board Secretary of Gulf Navigation Holding PJSC.