Latest Threads

TECOM Group PJSC held its Annual General Assembly Meeting at Dubai Internet City, where shareholders approved the financial statements for 2025 and endorsed a cash dividend distribution of AED 440 million for the second half of the year, totaling AED 840 million for 2025. This reflects the group's fourth consecutive year of strong growth. Additionally, shareholders approved a new dividend policy for 2026, proposing an aggregate cash dividend of AED 880 million, to be paid in two equal installments. The meeting also saw the approval of TECOM Group's Corporate Social Responsibility and Charitable Contributions Policy, which aligns with their ESG framework. In 2025, TECOM Group reported record revenues of AED 2.9 billion, a 19% increase from the previous year, with an EBITDA of AED 2.2 billion and a 20% rise in recurring net profit to AED 1.5 billion. Funds from Operations grew by 19% to AED 2 billion.

The text provides details on margin parameters for DFM Futures, effective from March 11, 2026. It lists various underlying symbols, their base margin percentages, and the associated margin per contract in AED or USD, along with the spread margin per contract. The document also mentions that the methodology for margin calculation and types of eligible margin can be found in the Derivatives Clearing Guidelines and Procedures on the Dubai Clear website. Additionally, the announcement is available on the Dubai Financial Market's website. A disclaimer notes that the information is subject to change and advises referring to the official Dubai Financial Market Regulated Derivative Contract Trading Regulation in case of inconsistencies.

SALAMA - Islamic Arab Insurance Company PJSC has announced the opening of nominations for its Board of Directors. Shareholders can submit their nominations from March 11, 2026, to March 20, 2026. Candidates must apply at the company's main office in Dubai and include a brief resume and specify the type of membership they are applying for (executive, non-executive, or independent). Seven board members are to be elected, and candidates must meet the conditions outlined in relevant laws and governance guides. Nominations will be open for ten days following the announcement.