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The company's revenues increased to AED 3.76bn
2 hours ago Aldar Properties sees lower net profits in H1-20
Abu Dhabi – Mubasher: The net profits attributable to the owners of Aldar Properties dropped to AED 786.46 million in the first half (H1) of 2020 from AED 1.02 billion during the same half of 2019. The company's revenues increased to AED 3.76 …
EBITDA declined by 15.4% in H1-20
2 hours ago ADNOC Distribution's net profits down 22% in H1-20; cash dividends proposed
Abu Dhabi – Mubasher: The consolidated financial results of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) saw a 22.4% decrease in net profits to AED 910 million in the first half (H1) of 2020, compared to AED 1.17 billion in …
The company will focus on profitable underwriting
12 August 04:54 PM Watania logs AED 47m accumulated losses
Abu Dhabi – Mubasher: National Takaful Company (Watania) has incurred accumulated losses of AED 47.282 million by the end of the second quarter (Q2) of 2020, representing 31.5% of the capital. The accumulated losses before 2015 are attributed to …
The bank's net revenues reached  AED 2.56bn
12 August 04:19 PM ADIB's net profits plunge 52% in H1-20
Abu Dhabi - Mubasher: The net profits after zakat and tax of Abu Dhabi Islamic Bank (ADIB) dropped by 52.2% to AED 587.6 million in the first half (H1) of 2020 from AED 1.23 billion in the year-ago period. Lower net profits are driven by higher …
The company's operating income rose by 19%
12 August 03:49 PM Shuaa achieves higher profitability in H1-20
Dubai – Mubasher: Shuaa Capital's net profits excluding unrealised mark-to-market losses on portfolio investments reached AED 164 million in the January-June period of 2020 compared to the same period of 2019. The company's earnings before …
The EPS settled at AED 0.28 in H1-20
12 August 03:14 PM Emaar Properties sees 35% lower net profits in H1-20
Dubai – Mubasher: The net profits of Emaar Properties plunged by 35% to AED 2.01 billion in the first half (H1) of 2020, compared to AED 3.11 billion in the corresponding period of 2019. The company generated revenues of AED 9.03 billion in the …
The company reported net losses of $1.24 million
12 August 12:16 PM Naeem Holding logs $1.7m net losses in H1-20
Mubasher: The consolidated financial results of Naeem Holding for Investment has shown net losses of $1.68 million in the first half (H1) of 2020, compared to net losses of $236,958 in the same period of 2019. The company's revenues declined to …
The company has completed a capital reduction
12 August 09:54 AM Julphar logs AED 83m accumulated losses
Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) posted AED 83.2 million accumulated losses as of the end of the second quarter (Q2) of 2020, representing 12.7% of the capital. The accumulated losses are driven by the temporary …
The group is planning to issue Islamic non-convertible Sukuk
12 August 09:29 AM Gulf Navigation incurs AED 463m accumulated losses
Dubai – Mubasher: Gulf Navigation Holding (GNH) has logged accumulated losses that reached AED 463.121 million as of 31 March 2020, equivalent to 45% of the company's capital. The accumulated losses are caused by a decline in vessels' revenues and …
The new DIFC branch is part of Samba’s growth plans
11 August 04:41 PM Samba licensed to open branch in DIFC
Riyadh – Mubasher: Samba Financial Group has obtained a license from the Dubai Financial Services Authority (DFSA) under which its branch in the Dubai International Financial Centre (DIFC) will operate as an authorised company that offers selected …
The net earned premium rose to AED 60.7m
11 August 04:17 PM Dubai National Insurance achieves higher profits in H1-20
Dubai – Mubasher: The net profits of Dubai National Insurance and Reinsurance (DNIR) increased to AED 38.51 million in the January-June period of 2020 from AED 35.19 million in the corresponding period of 2019. The company's net earned premium …
The lender's total assets declined to AED 2.33bn
11 August 03:45 PM Emirates Investment Bank logs AED 21m losses in H1-20
Dubai – Mubasher: The consolidated interim financial results of Emirates Investment Bank showed AED 20.87 million net losses attributable to equity holders of the parent in the first half (H1) of 2020, against net profits of AED 21.22 million in …
EBITDA slid by 54% to AED 665m in H1-20
11 August 03:22 PM Emaar Malls' net profits slid 69% in H1-20
Dubai – Mubasher: The net profits of Emaar Malls, majority-owned by Emaar Properties, plunged by 69% to AED 345 million in the first half (H1) of 2020 from AED 1.130 billion in the corresponding half of 2019. The company's revenues reached AED …
The company saw net losses of AED 11.6m in Q2-20
11 August 12:09 PM RAK Ceramics profits declines to AED 14m in H1-20
Abu Dhabi – Mubasher: Ras Al Khaimah Ceramics (RAK Ceramics) has achieved AED 14.1 million net profits attributable to the owners of the company in the first half (H1) of 2020, down from AED 90.17 million in the same half of the previous year. The …
The EPS settled at AED 0.0002 in H1-20
11 August 11:29 AM Amanat's net profits dip 98% in H1-20
Dubai – Mubasher: The net profits of Amanat Holdings, a healthcare and education investment company, plunged by 98% to AED 586,000 in the first half (H1) of 2020 from AED 35.1 million in the corresponding period of 2019. The company's revenues …
The insurer's gross written premium grew by 6.9%
11 August 10:48 AM Salama's net profits increase to AED 47m in H1-20
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) reported net profits of AED 47.05 million in the first half (H1) of 2020, compared to AED 33.33 million in the same period of 2019. The company's net underwriting income rose by 9.3% to …
The company's revenues decreased to AED 387m
11 August 10:12 AM Arkan profits down to AED 2m in H1-20
Abu Dhabi – Mubasher: The consolidated financial results of Arkan Building Materials Company showed AED 2.1 million net profits in the first six months of 2020, down from AED 8.5 million in the corresponding period of 2019. The company's revenues …
The revenues reached AED 1.02 billion
11 August 09:44 AM Air Arabia turns to losses in H1-20
Dubai – Mubasher: Air Arabia registered net losses attributable to the owners of the company of AED 168.51 million in the first half (H1) of 2020, compared to net profits of AED 319.8 million in the same period of 2019. The net losses are driven …
The bank's total income increased to BHD 11.37 million
10 August 10:36 AM Khaleeji Commercial Bank achieves higher profits in H1-20
Mubasher: The net profits attributable to the shareholders of Khaleeji Commercial Bank, listed on Bahrain Bourse (BHB) and the Dubai Financial Market (DFM), surged to BHD 5.7 million in the first half (H1) of 2020, compared to BHD 199,000 in the …
The company has taken cost saving initiatives
10 August 10:06 AM Emirates Refreshments logs AED 8m accumulated losses
Dubai – Mubasher: Emirates Refreshments Company has achieved accumulated losses of AED 7.57 million as of 30 June 2020, representing 25.24% of the company's capital. Over the past two years, AED 18.05 million losses were accumulated due to lower …
The agreement will enhance the group's debt profile
10 August 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 …
The loss per share settled at OMR 0.018
9 August 04:04 PM Oman & Emirates Investment Holding logs OMR 2m in H1-20
Mubasher: Oman & Emirates Investment Holding Company (OEIHC) has incurred OMR 2.166 million net losses attributable to the owners of the parent during the first six months of 2020, against net profits of OMR 374,132 in the same period of 2019. The …
Dar Al Takaful acts as the holding company
9 August 12:22 PM Dar Al Takaful appoints new CEO after acquiring Noor Takaful
Dubai – Mubasher: Dar Al Takaful has completed the acquisition of Noor Takaful and appointed Rajesh Sethi as a new CEO of the newly formed joint entities, according to a press release on Sunday. With a 30-year experience in the banking, investment …
The company completed a three-year strategic plan
9 August 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 …
ADSB has transferred 105.91m of its shares to Edge
9 August 11:00 AM Abu Dhabi Ship Building transfers 106m shares to Edge
Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) has transferred 105.91 million of its shares registered in the name of Emirates Defence Industries Company to Edge Platforms and Defense Systems. The transfer of the shares to Edge, an advanced …