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16 September 05:45 AM

Sector News

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12 August 06:29 PM Union Coop achieves AED 163m net profits in H1-24 unaudited results
Dubai – Mubasher: Union Coop announced a net profit after tax worth AED 163.14 million in its unaudited financial results for the first half (H1) of 2024. The net income was higher than the restated AED 135.32 million net profits in H1-23 and …
Financial Results
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7 July 02:42 PM Taaleem’s profits cross AED 225m in 9M-23/24
Dubai – Mubasher: Taaleem Holdings posted year-on-year (YoY) higher net profits at AED 225.19 million in the first nine months (9M) of fiscal year (FY) 2023/2024, versus AED 199.80 million. Basic and diluted earnings per share (EPS) went up to AED …
Financial Results
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25 June 01:46 PM Taaleem completes new Dubai British School Jumeira campus
Dubai – Mubasher: Taaleem Holdings has finished construction of the Dubai British School (DBS) Jumeira campus, located in a prime Dubai Canal area. The new campus will open in September and is expected to enrol around 1,900 students once fully …
Companies Investments
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7 April 11:44 AM Union Coop logs AED 317m profit in 2023
Dubai – Mubasher: Union Coop posted a profit before directors` remuneration and community responsibility expenses of AED 316.89 million in 2023, down from AED 388.61 million a year earlier. Income from sales of goods declined to AED 1.77 billion …
Financial Results
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31 March 02:58 PM Taaleem’s net profits leap 53% in H1-23/24
Dubai – Mubasher: Taaleem Holdings logged net profits before tax worth AED 182.80 million in the first half (H1) of fiscal year (FY) 2023/2024, marking a 53% year-on-year (YoY) leap.  Revenues jumped by 15% YoY to AED 548.70 million as of 31 …
Financial Results
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21 February 01:52 PM Dubai Refreshments’ board nods to regular, special dividends
Dubai – Mubasher: Dubai Refreshments’ board of directors approved the distribution of AED 72 million in regular cash dividends, representing 80% of the paid-up capital, for the financial year 2023. The board also ratified the disbursement of AED …
Cash Dividends
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14 January 12:05 PM Taaleem logs lower profits in Q1-23/24; revenues up 11.5%
Dubai – Mubasher: Taaleem Holdings recorded net profits valued at AED 46.62 million in the first quarter (Q1) of fiscal year (FY) 2023/2024, an annual drop from AED 50.85 million.  Revenues surged by 11.50% to AED 258.70 million in Q1-23/24 from …
Financial Results
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4 October 2023 11:53 AM Taaleem’s net profits exceed AED 117m in FY22/23
Dubai – Mubasher: Taaleem Holdings registered net profits worth AED 117.33 million during the fiscal year (FY) 2022/2023, marking a 41.50% year-on-year (YoY) leap from AED 82.92 million. The revenues amounted to AED 804.10 million in FY22/23, up …
Financial Results
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30 August 2023 11:25 AM Reem Investments fully acquires Evergreen Plastic Products for AED 44m
Dubai – Mubasher: Emirates Reem Investments Company has acquired a 100% stake in Evergreen Plastic Products Manufacturing at a value of AED 44 million. The transaction was processed after obtaining all the regulatory approvals, according to a …
Companies Investments
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16 August 2023 03:13 PM Union Coop’s net profits fall in H1-23 financial results
Dubai – Mubasher: Union Coop generated AED 153.38 million in net profit during the first half (H1) of 2023, marking a plunge from AED 222.39 million in H1-22. Income from the sale of goods hit AED 918.57 million in H1-23, down year-on-year (YoY) …
Financial Results
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11 July 2023 11:04 AM Taaleem’s net profits hike 35% in 9M-22/23
Dubai – Mubasher: Taaleem Holdings logged net profits valued at AED 199.80 million during the first nine months (9M) of fiscal year (FY) 2022/2023, an annual jump of 34.90% from AED 148.09 million. The DFM-listed firm generated 30.30% higher …
Financial Results
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6 March 2023 07:48 PM Union Coop’s board proposes dividends for 2022
Dubai – Mubasher: The board members of Union Coop recommended cash dividends worth AED 374.18 million for the year ended on 31 December 2022. The proposal, which was announced during the 6 March meeting, is still subject to the approval of the …
Board of Directors
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28 February 2023 01:24 PM Union Coop sees lower profits at AED 396m in 2022
Dubai – Mubasher: Union Coop registered net profits of AED 396.15 million in 2022, lower than AED 413.18 million in 2021, according to the financial results. The DFM-listed company generated revenues worth AED 1.82 billion last year, down from AED …
Financial Results
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10 January 2023 00:38 PM Taaleem posts higher profits at nearly AED 51m in Q1-22/23
Dubai – Mubasher: Taaleem Holdings registered AED 50.85 million in net profit during the first quarter (Q1) of fiscal year (FY) 2022/2023, higher by 14.10% year-on-year (YoY) than AED 44.56 million.  Revenues amounted to AED 231.94 million during …
Financial Results
The acquisition aims to enable United Foods to generate greater profits
12 September 2021 05:07 PM United Foods acquires Stratus General Trading, Pal Foodstuff & Beverages
Dubai – Mubasher: United Foods Company has acquired Stratus General Trading and Pal Foodstuff & Beverages Trading, which are foodstuff, beverage trading, and distribution companies, in exchange for AED 4.55 million. Following the acquisition of …
Mergers and Acquisitions
The accumulated losses have decreased to 13%
5 May 2021 00:52 PM DXB Entertainments logs AED 8.2bn accumulated losses
Dubai – Mubasher: DXB Entertainments has incurred accumulated losses of AED 8.2 billion as of the period ended 31 March 2021, representing 13% of the capital. The accumulated losses have decreased from 98% to 13% of the capital, driven by the …
Financial Results
25 April 2021 03:01 PM DXB Entertainments reports lower losses in Q1-21
Dubai – Mubasher: The net losses of DXB Entertainments have decreased to AED 359.806 million in the first quarter (Q1) of 2021 from AED 564.637 million in the year-ago period, according to the company's consolidated interim financials for the …
Financial Results
Both banks announced their knowledge of the resolution
14 March 2021 01:36 PM DXBE's debt conversion to have no negative financial impact on Emirates NBD, DIB
Dubai – Mubasher: Emirates NBD and Dubai Islamic Bank (DIB) do not expect any negative impact on their financial position from the AED 4.27 billion debt conversion deal between DXB Entertainments and developer Meraas. Both banks announced their …
Banking and Finance
The bank debt will be converted into 53.391 billion new ordinary shares
10 March 2021 11:41 AM DXB Entertainments' OGM approves capital rise, bank debt conversion
Dubai – Mubasher: The ordinary general meeting (OGM) of DXB Entertainments has approved raising its capital by AED 53.391 billion to AED 62.82 billion, according to a bourse filing on Wednesday. The OGM nodded to the conversion of the company's …
General Assembly
The company has been affected by the economic disruption amid COVID-19
7 March 2021 11:08 AM Emirates Refreshments incurs AED 11m accumulated losses
Dubai – Mubasher: Emirates Refreshments has logged accumulated losses of AED 11.357 million, representing 37.86% of the company's capital. In 2018 and 2019, AED 18.05 million losses were accumulated due to a year-on-year (YoY) decrease in volumes …
Financial Results
Dubai Financial Market (DFM)
3 March 2021 00:34 PM DFM executes DXB Entertainments’s capital hike
Mubasher: Dubai Central Securities Depository (Dubai CSD), a subsidiary of Dubai Financial Market (DFM), on Wednesday announced executing the capital increase of DXB Entertainments (DXBE) in the electronic Dubai CSD system. The company’s issued …
Management Decisions
The company has incurred accumulated losses of AED 7.8bn
10 February 2021 11:04 AM DXB Entertainments' losses deepen in 2020; AED 7.8bn accumulated losses incurred
Dubai – Mubasher: The net losses of DXB Entertainments increased to AED 2.657 billion in 2020, compared to AED 854.554 million during the previous year. The company's revenues plunged by 71% to AED 144.389 million last year, when compared to …
Financial Results
The company's revenues retreated to AED 24.757m
9 February 2021 10:50 AM Emirates Refreshments' initial results register decline in net losses
Dubai – Mubasher: The net losses of Emirates Refreshments declined to AED 7.182 million in 2020, compared to AED 10.11 million in 2019, according to the company's preliminary financial results for the period ended on 31 December 2020. The …
Financial Results
Ishak will continue his role as the CFO
31 December 2020 05:30 PM DXB Entertainments appoints Acting CEO
Dubai – Mubasher: The board of DXB Entertainments has accepted the resignation of Mohamed Al Mulla as CEO and the appointment of Remi Ishak as the company's Acting CEO. Ishak will continue his role as the Chief Financial Officer (CFO), which he …
Board of Directors
Meraas seeks to support DXBE
30 December 2020 05:45 PM DXBE board approves to appoint advisors for Meraas' offer
Dubai – Mubasher: The board of DXB Entertainments has agreed to appoint advisors to assess the offer received from Meraas Leisure and Entertainment.  The company has selected Allen & Overy as the legal advisor and KPMG Lower Gulf and Shuaa …
Companies Investments