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16 February 2025 01:15 PM e&’s profits leap in 2024 on heightened demand for digital services
Abu Dhabi – Mubasher: The consolidated net profits attributable to the owners e& increased by 4.30% year-on-year (YoY) to AED 10.75 billion in 2024 from AED 10.30 billion. The telecom group recorded a 10.10% growth in consolidated revenue …
Financial Results
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16 February 2025 01:11 PM GFH delivers robust performance in 2024; dividends raised
Mubasher: GFH Financial Group recorded 15.21% year-on-year (YoY) higher net profits attributable to the shareholders at $118.50 million in 2024, versus $102.86 million. The revenues hiked by 39.86% to $675.82 million last year from $482.22 million …
Financial Results
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16 February 2025 10:35 AM Bitcoin miner Phoenix Group’s global expansion prompts 236% higher revenues in 2024
Abu Dhabi – Mubasher: The revenues of Phoenix Group hiked by 236% year-over-year (YoY) in 2024, anchoring the company’s position as a driving force in the global digital asset ecosystem. The group registered $107 million in mining revenue as of 31 …
Companies Investments
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13 February 2025 11:40 PM Amlak Finance’s profits fall in 2024 initial financials
Dubai – Mubasher: Amlak Finance logged net profits of AED 52.37 million in 2024, an annual plunge from AED 259.26 million in 2023, according to the preliminary financial results. Revenues increased to AED 231.91 million last year from AED 230.21 …
Financial Results
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13 February 2025 11:04 PM TAQA’s profits fall to AED 7.3bn in 2024; dividends proposed
Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Energy Company (TAQA) retreated year-on-year (YoY) to AED 7.33 billion in 2024 from AED 16.82 billion. Total revenues increased by 6.70% to AED 55.16 billion as of 31 December 2024 from …
Cash Dividends
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13 February 2025 10:05 PM ADNOC Drilling’s net profits leap 26% in 2024; dividends unveiled
Abu Dhabi – Mubasher: ADNOC Drilling Company generated 26% year-on-year (YoY) higher net profits at $1.30 billion in 2024, compared to $1.03 billion, according to the financial results. The revenues hiked by 32% to $4.03 billion last year from …
Cash Dividends
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13 February 2025 09:17 PM PureHealth records 78% higher net profits in 2024
Abu Dhabi – Mubasher: PureHealth Holding recorded 78% year-on-year (YoY) higher net profits at AED 1.71 billion in 2024, compared to AED 964.95 million, according to the financial results. Basic and diluted earnings per share (EPS) increased to …
Financial Results
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13 February 2025 03:23 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Global Economy
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13 February 2025 08:33 AM DSI logs AED 3.7bn profits attributable to shareholders in 2024
Dubai – Mubasher: Drake & Scull International (DSI) turned profitable attributable to the shareholders at AED 3.74 billion as of 31 December 2024, versus net losses valued at AED 368.11 million in 2023. The company posted higher revenues at AED …
Financial Results
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13 February 2025 08:10 AM Alpha Dhabi Holding sees higher profits at AED 13.5bn; dividends approved
Abu Dhabi – Mubasher: Alpha Dhabi Holding recorded net profits after tax worth AED 13.51 billion in 2024, up year-on-year (YoY) from AED 13.28 billion. Total revenues increased by 40% to AED 63.39 billion as of 31 December 2024 from AED 45.41 …
Cash Dividends
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13 February 2025 08:01 AM Modon Holding’s global expansion drives 637% higher revenues in 2024; profits exceed AED 9.3bn
Abu Dhabi – Mubasher: Modon Holding generated AED 9.38 billion in net profit during 2024, compared to AED 573.95 million in 2023, as per the consolidated financial results. The group registered 637% year-on-year (YoY) higher revenues at AED 6.51 …
Financial Results
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13 February 2025 07:59 AM Dubai Investments sees higher profits at AED 1.2bn in 2024
Dubai – Mubasher: The net profits after tax of Dubai Investments increased to AED 1.20 billion as of 31 December 2024 from AED 1.13 billion in 2023, according to the preliminary financial results. The company’s revenues amounted to AED 4.60 …
Financial Results
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13 February 2025 07:49 AM Agthia Group’s profits surge in 2024; Egyptian operations expand despite EGP devaluation
Abu Dhabi – Mubasher: Agthia Group achieved net profits worth AED 321.83 million in 2024, an annual growth of 7.40% from AED 299.57 million, as per the unaudited income results. Net revenues increased by 7.70% year-on-year (YoY)  to AED 4.91 …
Financial Results
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13 February 2025 07:27 AM RAK Ceramics posts 27% lower profits in 2024; dividends for H2-24 proposed
Abu Dhabi – Mubasher: RAK Ceramics logged net profits valued at AED 234.08 million in 2024, down 27% year-on-year (YoY) from AED 320.85 million. The revenues stood at AED 3.23 billion as of 31 December 2024, an annual drop of 6.50% from AED 3.45 …
Financial Results
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13 February 2025 00:27 AM Union Properties reduces legacy debt, targets another AED 150m cut by Q1-25
Dubai – Mubasher: Union Properties has achieved a significant milestone in its recovery plan by reducing its legacy debt of AED 1.47 billion as of 2022 to AED 575 million as of the end of December 2024. The company also plans for an additional …
Companies Investments
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12 February 2025 08:28 PM NMDC posts 44% higher profits in 2024; dividends recommended
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) recorded net profits after tax valued at AED 3.10 billion in 2024, an annual leap of 44% from AED 2.15 billion. Revenue from contracts with customers amounted to AED 26.26 billion in …
Financial Results
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12 February 2025 07:33 PM EMSTEEL generates AED 8.3bn revenues in 2024 following rebranding
Abu Dhabi – Mubasher: EMSTEEL Building Materials delivered total revenues of AED 8.33 billion in 2024, approximately 6% lower than the AED 8.89 billion reported for 2023. This decrease was attributed to various factors, including fluctuations in …
Financial Results
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12 February 2025 07:02 PM DIB’s profits up 16% in 2024; total income cross AED 23.3bn
Dubai – Mubasher: Dubai Islamic Bank (DIB) posted 16% year-on-year (YoY) higher net profits at AED 8.16 billion in 2024, compared to AED 7 billion. Total income stood at AED 23.34 billion in 9M-24, an annual rise of 16% from AED 20.14 billion, …
Banking and Finance
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12 February 2025 06:38 PM ADNOC L&S registers $756m profits in 2024; revenues hike 29%
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) generated 22% year-on-year (YoY) higher net profits at $756 million in 2024, compared to $620 million. The revenues increased by 29% to $3.54 billion last year from $2.75 billion in …
Financial Results
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12 February 2025 02:54 PM PIF launches 3rd edition of Private Sector Forum in Riyadh
Riyadh – Mubasher: The Public Investment Fund (PIF) has launched its third Private Sector Forum, along with an accompanying exhibition, at Riyadh’s King Abdulaziz International Conference Center. The forum, which is being held during 12-13 …
Companies Investments
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12 February 2025 01:50 PM Aramex’s profits to owners near AED 142m in 2024; revenues up 11%
Dubai – Mubasher: The net profits attributable to the shareholders of Aramex grew by 10% to AED 141.81 million in 2024 from AED 129.29 million in 2023, according to the financial results. The company posted revenues amounting to AED 6.32 billion …
Financial Results
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12 February 2025 00:55 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Trading Activities
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12 February 2025 00:46 PM du logs AED 2.4bn net profits in 2024; highest dividends unveiled
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) posted an annual hike of 49.10% in net profit to AED 2.48 billion during 2024, compared to AED 1.66 billion. Revenues increased by 7.30% to AED 14.63 billion at the end of …
Financial Results
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12 February 2025 10:22 AM Americana Restaurants records decline in 2024 financial results due regional geopolitical situation
Mubasher: Americana Restaurants International achieved net profits attributable to the shareholders amounting to $158.75 million in 2024, an annual plunge of 38.80%  from $259.46 million. The cross-listed group posted 9% lower revenues at $2.19 …
Financial Results
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11 February 2025 06:58 PM DEWA’s net profits cross AED 7.2bn in 2024; revenues up 6%
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) recorded net profits after tax of AED 7.23 billion in 2024, compared to AED 7.93 billion in 2023. Total assets climbed to AED 185.54 billion as of 31 December 2024 from AED 181.17 …
Financial Results