Sector News

Dubai – Mubasher: Dubai Investments posted a 227% hike in net profit attributable to the shareholders to AED 1.48 billion during the first nine months (9M) of 2022, versus AED 455.60 million in 9M-21. Total income reached AED 3.27 billion during …

Dubai – Mubasher: The net profits of Al Ramz Corporation Investment and Development increased to AED 28.64 million in the first nine months (9M) of 2022, compared to AED 27.57 million in 9M-21. The basic and diluted earnings per share (EPS) stood …

Dubai – Mubasher: Dubai Financial Market Company (DFM) posted a 133% year-on-year (YoY) leap in net profit attributable to the equityholders to AED 88.98 million during the first nine months (9M) of 2022, versus AED 38.13 million. Total income …

Dubai – Mubasher: Shuaa Capital’s subsidiary, Amwal International Investment Company, has entered into an agreement to sell its 51% stake in NCM Investment (Kuwait) for AED 200 million, according to a bourse filing on Monday. NCM Investment is an …

Dubai – Mubasher: Gulf General Investment Company has incurred net losses attributable to the owners worth AED 36.03 million during the first half (H1) of 2022, lower than AED 65.92 million in H1-21. Revenues plummeted to AED 196.60 million in …

Dubai – Mubasher: Shuaa Capital has turned to net losses attributable to the parent worth AED 164.30 million during the first half (H1) of 2022, against net profits of AED 54.06 million in H1-21. In the first six months (6M) of 2022, the net …

Dubai – Mubasher: Dubai Investments has reported net profits attributable to the owners worth AED 364.08 million during the first half (H1) of 2022, higher than AED 302.06 million in H1-21. The total income declined to AED 1.54 billion in the …

Dubai – Mubasher: Al Ramz Corporation Investment and Development has logged net profits worth AED 22.18 million during the first half (H1) of 2022, higher than AED 20.01 million in H1-21. The basic and diluted earnings per share (EPS) rose to AED …

Dubai – Mubasher: Dubai Financial Market Company (DFM) has registered AED 63.35 million in net profit attributable to the owners during the first half (H1) of 2022, an annual jump of 63% from AED 38.76 million. The total income amounted to AED …

Dubai – Mubasher: The London-based developer Northacre, a subsidiary of Shuaa Capital, plans to launch various projects across the UK and GCC region at a total value of $3.6 billion, as part of its global expansion. Under Northacre's plans for …

Dubai – Mubasher: Shuaa Capital has sold its brokerage unit in Egypt for a total value of AED 3.6 million after receiving the essential regulatory approvals, according to a bourse filing. Exiting the Egypt-based asset followed a capital reduction …

Dubai – Mubasher: Northacre, a subsidiary of Shuaa Capital, has partnered with St. Regis hotel brand at No 1 Palace Street, close to her Majesty’s official London residence, Buckingham Palace. The location of No. 1 Palace Street, The St. Regis …

Dubai – Mubasher: Shuaa Capital has appointed Fawad Tariq Khan as the company's CEO to replace Jassim Alseddiqi, who has been named as Managing Director effective 15 June 2022. Khan will also remain in his current position of Head of Investment …

Dubai – Mubasher: Shuaa Capital has completed its acquisition of Allianz Marine and Logistics Services Holding Limited (Allianz) by its managed fund after raising a seven-year facility worth $160 million. The company has secured the facility from …

Dubai – Mubasher: Dubai Financial Market Company (DFM) has introduced new equity futures contracts on individual stocks of Dubai Electricity and Water Authority (DEWA) and GFH Financial Group. This step is in line with the DFM's strategy to …

Dubai - Mubasher: The Dubai Financial Market (DFM) is planning to start the trading of its new Micro Oman Crude Oil Contracts on 1 June 2022. The announcement comes in line with DFM’s growth strategy that aims at promoting investment opportunities …

Dubai – Mubasher: Dubai Financial Market Company (DFM) posted a 17% rise in its net profits attributable to the owners to AED 27.45 million in the first quarter (Q1) of 2022 from AED 23.42 million in the corresponding period of 2021, according to …

Dubai – Mubasher: The ordinary general meeting (OGM) of Al Ramz Corporation Investment and Development has approved the cash dividend’s recommendation for the second half (H2) of 2021. The company will pay out a cash dividend of AED 4 per share, …

Dubai - Mubasher: The Dubai Financial Market (DFM) has announced HSBC as the first international general clearing member (GCM) in the market. This step will enable the bank to offer clearing and settlement services to its customers across the …

Dubai – Mubasher: Dubai Investments has divested a 50% stake in Emirates District Cooling Company (EMICOOL) to Actis, an investor in sustainable infrastructure, at a corporate value of AED 3.7 billion ($1 billion). The joint venture is in line …

UAE – Mubasher: Al Ramz Corporation Investment and Development has been appointed as a liquidity provider for Ras Al Khaimah Ceramics (RAK Ceramics). In accordance with regulatory requirements starting 11 April 2022, Al Ramz will trade RAK …

Dubai–Mubasher: Shuaa Capital has acquired Allianz Marine & Logistics Services Holding (Allianz), a UAE-based maritime logistics company owning and renting 117 offshore support vessels (OSV), by its managed funds. The fleet includes platform …

Dubai – Mubasher: Shuaa Capital has reported net profits attributable to the parent worth AED 24.23 million in 2021, 81% lower than AED 125.26 million in 2020, as shown by the company’s audited consolidated financials for the year ended 31 …