Union Properties PJSC (UPP) News - Mubasher Info
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06 April 06:52 PM

Union Properties PJSC (UPP)

Last update: 02:57 PM market time.
0.72
0.01
1.85%
Open 0.70
Previous Close 0.70
High 0.72
Low 0.70
Stock Statistics
Volume 5,141,002
Turnover 3,647,274.86
All data are 15 minutes late during market session

News

The agreement will enhance the group's debt profile
10 August 2020 09:27 AM Union Properties partners with Emirates NBD for debt restructuring
Dubai – Mubasher: Union Properties has entered into an agreement with Emirates NBD to fully restructure its existing AED 946 million debt with the bank and pay the initial amount as per new terms. This move will enable the group to significantly …
Banking and Finance
The company completed a three-year strategic plan
9 August 2020 11:38 AM Union Properties to launch 'Motor City' project in 2021
Dubai – Mubasher: Union Properties will launch a new project 'Motor City Hills' during the first quarter (Q1) of 2021, according to the company's disclosure to Dubai Financial Market (DFM) on Sunday. The project is part of the company's three-year …
Real estate
The company's management is evaluating all the transaction's options
16 July 2020 00:07 PM Union Properties denies execution of transactions on Palm Hills' shares
Dubai – Mubasher: Union Properties.announced that the sale of Palm Hills Development Company shares, owned by its subsidiary, to the Arab African International Bank (AAIB) was not executed through the company. The management of Union Properties is …
Mergers and Acquisitions
The board also agreed on appointing Fathie bin Ghrira as a vice chairman
22 June 2020 09:33 AM Union Properties appoints new chairman
Dubai – Mubasher: The board of Union Properties has elected Khalifa Hassan Ali Saleh Al Hammadi, an uncontested candidate, as the company's chairman, according to a disclosure to the Dubai Financial Market (DFM) on Monday. The board also agreed on …
Board of Directors
The company's accumulated losses amounted to AED 2.142 billion
21 June 2020 09:46 AM Union Properties' OGM rejects reserve use for cutting accumulated losses
Dubai – Mubasher: The shareholders of Union Properties disapproved a proposal for the use of the statutory reserve of not exceeding AED 332.9 million to decrease its accumulated losses. In addition, the ordinary general meeting (OGM) also rejected …
General Assembly
Union Properties incurred a net loss of AED 218.806 million in 2019
28 May 2020 11:27 AM Union Properties expects verdict in AED 1.5bn claim in 18M
Dubai – Mubasher: Union Properties expects a final verdict to be delivered in its AED 1.5 billion arbitration claims against a contractor within 18 months until the end of 2021, according to a press released on Thursday. The claim is related to …
Real estate
Union Properties incurred a net loss of AED 218.806 million in 2019
27 May 2020 00:44 PM Union Properties’ unit initiates arbitration procedures to claim AED 1.5bn
Dubai – Mubasher: Union Properties announced that a fully-owned subsidiary company undertook legal procedures to claim about AED 1.5 billion. “The Executive Management will not spare any effort in pursuit of the collection of the amount owed,” …
Corporate Actions
The shareholders will renew the approval to purchase its shares
17 May 2020 03:46 PM Union Properties to discuss using reserve to cut accumulated losses
Dubai – Mubasher: The shareholders of Union Properties will vote on using an amount not exceeding AED 332.88 million of the company's statutory reserve to offset accumulated losses. During the ordinary general meeting (OGM), set to be held on 30 …
Event
Union Properties accumulated losses represent 49.93% of capital
25 March 2020 10:55 AM Union Properties incurs AED 2.1bn accumulated losses
Dubai – Mubasher: The accumulated losses of Union Properties reached AED 2.142 billion by the end of fiscal year (FY) 2019, representing 49.93% of the company's capital, according to the company's disclosure to the Dubai Financial Market (DFM) on …
Financial Results
Revenues registered AED 535.502 million
13 February 2020 04:32 PM Union Properties incurs AED 219m net loss in 2019
Dubai – Mubasher: Union Properties logged a net loss of AED 218.806 million in 2019, against a net profit of AED 62.329 million in 2018, according to the company’s preliminary financial results. The company’s revenues registered AED 535.502 …
Financial Results
Union Properties is in the final stages of signing Autodrome deal
26 January 2020 04:36 PM Union Properties to ink AED 200m deal to expand Autodrome
Dubai – Mubasher: Union Properties is in the final stages of signing a memorandum of understanding (MoU) with China National Chemical Engineering Group Corporation (CNCEC) to expand Dubai Autodrome at a value of around AED 200 million. The …
Real estate
Khouri will become a board member
15 December 2019 11:38 AM Union Properties’ board names new CEO
Dubai – Mubasher: The board of Union Properties approved to appoint Khalifa Hasan Ali Saleh Al Hammadi as the company’s new CEO, following Ahmed Yousef Abdullah Hussien Khouri who was the managing director. Khouri will keep his position as a board …
Corporate Actions
Loss per share recorded AED 0.038 in 9M
17 November 2019 09:47 AM Union Properties incurs AED 163.9m in 9M
Dubai – Mubasher: Union Properties reported a loss attributed to the shareholders worth AED 163.88 million over the first nine months of 2019, against a profit of AED 145.606 million in the prior-year period. Loss per share recorded AED 0.038 in …
Company News
Business Park Phase 2 is set to be delivered on schedule in February 2020
16 October 2019 10:42 AM Union Properties' Business Park Phase 2 on track for scheduled delivery
Dubai – Mubasher: Union Properties, a leading property developer in the UAE, announced that it has completes 30% of the second phase of Dubai Autodrome Business Park. Business Park Phase 2 is set to be delivered on schedule in February 2020, …
Company News
The chairman’s decision was welcomed by managing director and board members
30 September 2019 11:00 AM Union Properties’ chairman withdraws resignation
Dubai – Mubasher: Union Properties, a leading developer in the UAE, announced on Monday the chairman Nasser Bin Butti Bin Omair Bin Yousuf has withdrawn his resignation decision. Bin Butti will maintain its tasks as Union Properties’ chairman …
Management Decisions
Loss for H1-19 attributable to shareholders amounted to AED 82.32 million
7 August 2019 10:05 AM Union Properties posts interim consolidated financial results for H1
Dubai – Mubasher: Union Properties, listed on the Dubai Financial Market (DFM), has reported its interim consolidated financial results for the first half of 2019. Loss for H1-19 attributable to shareholders amounted to AED 82.32 million, against …
Financial Results
The project’s second phase work is set for completion in February 2020
24 June 2019 11:51 AM Union Properties’ Dubai Autodrome Business Park phase 2 secures 100% pre-bookings
Dubai – Mubasher: Union Properties, a leading property developer based in Dubai, on Monday unveiled the expansion of Dubai Autodrome Business Park project in Dubai MotorCity with total AED 25.5 million in investments. The project’s second phase …
Company News
Emicool shall maintain its legal action against Union Properties for the remaining financial dues
18 June 2019 09:00 AM Union Properties to pay dues to Emicool
Dubai – Mubasher: Dubai-based real estate development company Union Properties has committed to pay its accumulated dues to Emirates District Cooling (Emicool), a subsidiary of Dubai Investments, as of 1 January 2018 to date through fixed day …
Banking and Finance
MotorCity is situated on 38 million square feet
13 June 2019 09:59 PM Emicool, Union Properties reach agreement on Motor City’s dispute
Dubai – Mubasher: Emirates District Cooling (Emicool) and Union Properties have successfully reached an agreement regarding the disruption of air conditioning services at the public facilities of Motor City. The Real Estate Regulatory Agency …
Real estate
Total assets amounted to AED 6.23 billion in Q1
16 May 2019 11:50 AM Union Properties’ unaudited results show plunge in Q1 profits
Dubai – Mubasher: Union Properties, listed on the Dubai Financial Market (DFM), has reported its unaudited financial results for the first quarter of 2019. Profit for Q1-19 attributable to shareholders dropped to AED 1.75 million, compared to AED …
Financial Results
UPP posted a profit of AED 62.3 million in 2018
21 April 2019 09:37 AM UPP’s shareholders approve 10% share buyback
Dubai – Mubasher: Union Properties (UPP) on Sunday announced that its general assembly has approved purchasing only 10% of the company’s paid-up share capital, according to a filing to the Dubai Financial Market (DFM). UPP will re-sell those …
Corporate Actions
Union Properties reported AED 62.3 million in net profits in 2018
4 March 2019 06:16 PM DFM raises foreign ownership cap in Union Properties to 49%
Dubai – Mubasher: The Dubai Financial Market (DFM) on Monday announced raising the foreign ownership ceiling in Dubai-based Union Properties to 49%. In May 2018, Union Properties’ ordinary general meeting (OGM) approved the board of directors’ …
Company News
The positive turn in financials was attributed to the company’s performance
14 February 2019 05:22 PM Union Properties logs AED 62m profit in 2018
Dubai – Mubasher: Union Properties (UPP) on Thursday announced that it has turned a profit for during the full-year 2018. Net profits amounted to AED 62.3 million in 2018, against losses worth AED 2.73 billion in 2017, the real estate developer …
Financial Results
The amendments will be applied as of 30 November
14 November 2018 10:01 AM MSCI adds 3 UAE firms to EM Small Cap Index
By: Mahmoud Gamal Dubai – Mubasher: The semi-annual review of the MSCI Emerging Market (EM) index revealed the addition of three companies listed on the Dubai Financial Market (DFM), along with removing four firms from the index. The amendments …
Management Decisions
Operating revenue grew to AED 277.9 million at the end of September
13 November 2018 08:41 AM Union Properties turns profitable in 9M
Dubai – Mubasher: Union Properties on Tuesday reported a net profit of AED 145.6 million for the first nine months of 2018, compared to an AED 2.3 billion in losses for the corresponding period last year. The company attributed the profits to the …
Real estate