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Amlak Finance announced its financial results for the first quarter of 2026, reporting a net profit after income tax of AED 52 million, marking an 86% increase compared to the same period in 2025. The company's total assets were valued at AED 3.46 billion. Revenue for Q1 2026 increased by 8% to AED 65 million, with revenue from financing and investing activities rising to AED 30 million, largely due to higher placement of wakala deposits. The cost of distribution to financiers was reduced to zero, following the full settlement of financial obligations in July 2025. Amlak also approved a dividend of AED 735 million, reflecting its commitment to shareholder value. The company's performance is attributed to efficient financial management and streamlined operations. Established in 2000, Amlak Finance provides innovative, Sharia-compliant property financing products.
Amlak Finance PJSC and its subsidiaries have released their review report and condensed consolidated interim financial information for the three-month period ending on March 31, 2026. This information is unaudited.
On 12 May 2026, the Board of Directors of Amlak Finance PJSC passed a resolution by circulation, approving the financial statements for the first quarter of 2026. The decision was made at 3:00 PM. The information was communicated to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, by Lama Takieddin, Head of Corporate Governance and Board Secretary. A copy was also sent to the Capital Market Authority.
The Dubai Islamic Insurance & Reinsurance – AMAN PJSC has scheduled a board meeting on Tuesday, May 19, 2026, at 5:00 PM. The agenda includes approval of the minutes from Board Meeting No. 2 of 2026, review and approval of the company's Q1-2026 financial statements, assessment of the company's financial position, and discussion of any other business matters. The form is signed by Belal Ibrahim, the Board Secretary, on May 12, 2026, and includes the company's seal.
Dubai Electricity and Water Authority PJSC (DEWA) reported a record first-quarter revenue of AED 6.45 billion in 2026, with an EBITDA of AED 2.88 billion, marking the highest figures in its history for revenue, operating profit, EBITDA, and net profit. The company also achieved its highest first-quarter power generation of 11.09 TWh, clean power generation of 2.06 TWh, and desalinated water production of 37.57 billion gallons. Additionally, DEWA saw an increase in customer accounts to 1.347 million. Compared to the first quarter of 2025, DEWA's revenue increased by 8.18%, EBITDA by 18.44%, operating profit by 53.58%, and net profit by 89.87%. DEWA remains committed to sustainability and innovation, guided by the leadership of Dubai, and aims to contribute to the city's goal of reaching net zero by 2050, according to HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA.
The document is the unaudited condensed consolidated interim financial information for Dubai Electricity and Water Authority PJSC and its subsidiaries for the three-month period ending on March 31, 2026.
The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) held a meeting where they approved the audited financial statements for the first quarter of 2026. Additionally, Dr. Hamad Mubarak Buamim was appointed to the Audit & Risk Committee. The Board also reviewed general business matters.