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Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Dubai Islamic Bank
Disclosure: Financial statements for the 3rd QTR of 2025

The text refers to a review report and the condensed consolidated interim financial information of Dubai Islamic Bank P.J.S.C. for the nine-month period ending on September 30, 2025.

1. Disclosure: Financial statements for the 3rd QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Dubai Islamic Bank
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Union Properties PJSC
Disclosure: Detailed Analysis Accumulated Losses

1. Disclosure: Detailed Analysis Accumulated Losses

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Union Properties PJSC
Disclosure: Press release regarding financial results for the … QTR of YYYY

Union Properties PJSC reported strong financial results for the nine months ending September 30, 2025, with a profit increase of 162% to AED 139 million and a revenue increase of 32% to AED 513 million compared to the same period in 2024. The company achieved a significant milestone with AED 455 million in cash balances, marking its strongest liquidity position in years. It also reduced its bank loans from AED 1.5 billion to AED 302 million, achieving a net positive cash position for the first time in recent history. Union Properties sold AED 2.7 billion in assets and expects to collect AED 721 million in receivables by December 2026, bolstering its financial foundation. Total assets reached AED 4.5 billion, and total equity increased to AED 3.3 billion after a share capital reduction. The company plans to launch a AED 2 billion development by the end of October 2025. Additionally, Union Properties' subsidiary ServeU LLC acquired Housekeeping Group for AED 100 million, adding AED 40 million in revenue and AED 4.8 million in net income in two months, and expanding the workforce to 17,000 employees.

1. Disclosure: Press release regarding financial results for the … QTR of YYYY

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Union Properties PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From GFH Financial Group B.S.C.
Disclosure: Post share buyback announcement

GFH Financial Group announced that it has purchased 680,000 treasury shares, increasing its total treasury shares from 172,041,461 (4.489% of total issued shares) to 172,721,461 (4.507% of total issued shares) as of October 28, 2025. The company's board decided on this purchase on March 2, 2025, and it received approval from the relevant authority on October 20, 2025. The average purchase price was 7740.5 SDU. The shares purchased represent 0.180% of the issued capital, and 210,537,922 shares remain available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosure: Post share buyback announcement

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank and Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, have formed a strategic partnership to offer Shari’a-compliant property financing for units in the Tivoli Residences at Bilaj Al Jazayer, a premier waterfront development in Bahrain. The bank will provide flexible and tailored financing options, including up to six months grace period, competitive profit rates, loyalty reward points, instant approval, and a seamless application process. The partnership aims to facilitate homeownership and offer a luxurious beachfront lifestyle. Tivoli Residences features a range of residential units with high-end amenities such as a rooftop infinity pool, fitness center, and 24-hour security.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank has launched "ASB Pay Business," a Shari’a-compliant digital POS platform in Bahrain, designed to serve a range of businesses from large corporations to MSMEs and freelancers. The platform provides a comprehensive digital payment solution, allowing merchants to accept payments via smartphones without traditional POS devices. It includes features like digital invoicing, payment links, direct bank integration, and real-time transaction tracking. ASB Pay Business aims to support underserved merchant segments, offering a mobile-first solution that integrates with accounting and e-commerce systems. The platform emphasizes fast onboarding and secure transactions, with same-day settlement for merchants with Al Salam accounts. This initiative aligns with the bank's goal to lead digital transformation in finance and support the MSME sector, enhancing business efficiency and growth.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Al Ramz Corporation Investment and Development PJSC
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
för 9 månader sedan
News Update From Al Mazaya Holding Company
Disclosure: BOD meeting

1. Disclosure: BOD meeting

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