DXB Entertainments PJSC

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Dubai – Mubasher: The board of DXB Entertainments will review the appointment of financial and legal advisors to evaluate the offer received from Meraas Leisure and Entertainment. On 20 December, Meraas notified the board of DXBE about its plan …

Dubai – Mubasher: Meraas Leisure and Entertainment has notified the board of DXB Entertainments about its plan to make a conditional cash offer to acquire all issued and paid up ordinary shares of DXBE. As part of the offer, the holders of shares …

UAE - Mubasher: The semi-annual review of the MSCI Emerging Markets showed the addition of Abu Dhabi Islamic Bank (ADIB) to MSCI Global Standard Index and Aramex to MSCI Global Small Cap Index. Deyaar Development and DXB Entertainments were …

Dubai – Mubasher: The net losses of DXB Entertainments increased to AED 1.06 billion in the first nine months of 2020 from AED 716.52 million in the corresponding period of 2019. The company's revenues plunged to AED 108.74 million in the …

Dubai – Mubasher: The board of DXB Entertainments has approved to elect Abdul Wahab Al Halabi as the Chairman, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday. The company has also elected Abdullah bin Habtoor …

Dubai – Mubasher: DXB Entertainments has temporarily closed all its theme parks until 31 March to face the coronavirus (COVID-19) outbreak and re-evaluate the situation globally. The closure of the theme parks comes in line with the direction of …

Dubai – Mubasher: DXB Entertainments has logged accumulated losses of AED 5.2 billion in 2019, representing 64% of its paid-up capital, which is worth AED 7.999 billion, according to the company’s accumulated financials for 2019. The accumulated …

Dubai – Mubasher: DXB Entertainments’ adjusted earnings before interest, tax, depreciation, and amortisation (adjusted EBITDA) grew by 103% to AED 2 million during the fourth quarter of 2019, according to the group’s preliminary unaudited …

Dubai – Mubasher: DXB Entertainments posted a net loss of AED 268 million during the third quarter in 2019, 2% lower than AED 275 million in the corresponding quarter in 2018. Revenues dropped by 24% to AED 78 million in Q3-19, compared to AED 103 …

Dubai – Mubasher: DXB Entertainments, listed on the Dubai Financial Market (DFM), on Thursday announced that Dubai Parks and Resorts has welcomed more than 1.80 million visitors during the first nine months of 2019. Visitors from international …

Dubai – Mubasher: DXB Entertainments, listed on the Dubai Financial Market (DFM), reported AED 252 million in revenue for the first half of 2019, compared to AED 289 million in H1-18. The company has trimmed its net loss by 4% in H1-19, reaching …

By: Enas Bahgat Dubai – Mubasher: DXB Entertainments’ stock, listed on the Dubai Financial Market (DFM), has hit its highest level in a month after posting the number of visits to the Dubai Parks and Resorts during the second quarter of 2019. …

Dubai – Mubasher: DXB Entertainments on Monday announced that Dubai Parks and Resorts welcomed around 641,000 visitors during the second quarter of 2019, up 5% year-on-year from 612,000 visitors. This included 92,000 people who visited the largest …

Dubai – Mubasher: DXB Entertainments on Tuesday announced it has recorded an AED 142 million in revenues for the first quarter of 2019, down 18% year-on-year from  AED 173 million. The company has reported an average hotel occupancy of 72% at …

Dubai – Mubasher: DXB Entertainments’ shareholders had approved the continuity of the company’s operations during an ordinary general meeting (OGM) held on Wednesday. The OGM also approved halting works on the Six Flags Dubai Project, according to …

Dubai – Mubasher: DXB Entertainments on Thursday announced that Dubai Parks and Resorts has welcomed about 760,000 visits in the first quarter of 2019, down 11% year-on-year from nearly 851,000 visits, according to a statement.  The reduction in …

Dubai – Mubasher: DXB Entertainments on Monday reported a loss of AED 1.01 billion during the full-year 2018, down from AED 1.116 billion in 2017. The company’s revenues declined 2% to AED 541 million last year, compared to AED 552 million a year …