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The text refers to the unaudited interim condensed consolidated financial statements for United Foods Company (PSC) and its subsidiaries as of March 31, 2026.
On May 12, 2026, United Foods Company held a Board of Directors meeting via the TEAMS app. The meeting resulted in the formation of the Board and its committees, with Mr. Ali Humaid Ali Al Owais elected as Chairman and Ms. Alia Hussein Ahmed Al Zarooni as Vice Chairperson. The previous meeting minutes were approved, and the audited financial statements for the first quarter ending March 31, 2026, were adopted. The Board also reviewed the company's performance up to April 30, 2026, and expressed satisfaction with the achievements.
The Dubai Financial Market has announced the appointment of Mr. Balagopal Thottikamath as the new Chief Operating Officer (COO). Mr. Thottikamath brings over 30 years of experience in operations, strategic planning, and team leadership. The company is confident that his expertise will enhance their operations and significantly contribute to achieving their goals. The announcement was made by CEO Eman Kapoor.
The text is a reference to a review report and unaudited interim condensed financial statements for Orient Takaful P.J.S.C., dated 31 March 2026.
Union Properties PJSC reported a 66% increase in revenue for Q1 2026, reaching AED 271.4 million compared to AED 163.2 million in the same period last year. The company's gross profit rose by 37% to AED 58.4 million, and net profit was AED 11.8 million, highlighting improved financial performance. CEO Eng. Amer Khansaheb attributed the success to operational efficiencies and a strong focus on efficiency and value creation. The company is focused on accelerating development and unlocking value in its portfolio to achieve sustainable growth in Dubai's real estate market.