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15 August 07:10 PM Emaar Properties pens AED 7.5bn acquisition deal with Dubai Holding
Dubai – Mubasher: Emaar Properties plans to fully acquire Dubai Creek Harbour from Dubai Holding in exchange for AED 7.50 billion that will be paid equally in cash and shares of Emaar. Following the transaction, Dubai Holding will be the second …
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15 August 06:50 PM Manazel sees lower losses in H1-22 results
Abu Dhabi – Mubasher: Manazel has suffered net losses attributable to the owners of AED 42.68 million during the first half (H1) of 2022, lower than AED 71.94 million in H1-21. Revenues plunged to AED 45.34 million in the January-June 2022 period, …
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14 August 06:29 PM Shuaa Capital turns to AED 164.5m losses in H1-22
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 …
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14 August 06:10 PM Dubai Investments’ profits hit AED 364m in H1-22; dividends proposed
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 …
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14 August 05:55 PM GFH sees 14% higher profits to shareholders at $42m in H1-22
Mubasher: GFH Financial Group has logged net profits attributable to the shareholders worth $42.18 million during the first half (H1) of 2022, up 13.90% year-on-year (YoY) from $37.04 million. The earnings per share (EPS) stood at $1.22 in the …
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14 August 05:26 PM Emaar Properties posts higher profits at AED 4.3bn in H1-22
Dubai – Mubasher: Emaar Properties has reported net profits attributable to the owners worth AED 4.30 billion during the first half (H1) of 2022, higher than AED 1.56 billion in H1-21. Revenues amounted to AED 13.57 billion in the first six months …
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14 August 04:12 PM DEWA’s profits surpass AED 3bn in H1-22 results
Dubai - Mubasher: The Dubai Electricity and Water Authority (DEWA) posted net profits attributable to the owners of AED 3.14 billion during the first half (H1) of 2022, higher than AED 2.27 billion in H1-21. In the first six months (6M) of 2022, …
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11 August 07:40 PM Al Ramz posts higher profits at AED 22m in H1-22
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 …
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11 August 07:21 PM Invest Bank’s losses shrink 9% in H1-22; accumulated losses announced
Abu Dhabi – Mubasher: Invest Bank has incurred net losses of AED 59.01 million during the first half (H1) of 2022, down nearly 9% from AED 64.93 million in H1-21. The loss per share declined to AED 0.019 in H1-22 from AED 0.020 in H1-21, according …
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11 August 06:55 PM Eshraq Investments takes over Goldilocks’ shares
Abu Dhabi – Mubasher: Eshraq Investments has acquired a 99.25% stake in Goldilocks Investment Company’s shares, according to a recent bourse filing.  Eshraq Investments issued 1.38 billion shares at a nominal value of AED 1 per share registered in …
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11 August 04:33 PM Dana Gas posts 82% hike in H1-22 profits
Abu Dhabi – Mubasher: Dana Gas generated AED 407 million in net profit after tax during the first half (H1) of 2022, an annual leap of 82% from an adjusted net profit of AED 225 million which excluded reversal of impairment. The basic earnings per …
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11 August 03:11 PM Aramex’s profit slides 18% in 6M
Dubai - Mubasher: Aramex’s profits for the first half (H1) of 2022 fell by 18% year-on-year (YoY) to AED 91.87 million, compared to AED 111.47 million. Revenues for the first six months (6M) of the year went down by 1% to reach AED 2.96 billion …
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11 August 09:39 AM Air Arabia reports net profit of AED 451m for H1-22
Dubai – Mubasher: Air Arabia achieved a net profit of AED 451 million during the first six months (6M) ending 30 June 2022, compared to AED 44 million registered in the corresponding period in 2021. MENA’s first and largest low-cost carrier …
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10 August 07:00 PM ADNIC sees lower profits at AED 187m in H1-22
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) reported net profits worth AED 186.94 million in the first half (H1) of 2022, an annual plunge of 24.80% from AED 248.66 million. The earnings per share (EPS) went down by 25% …
10 August 06:50 PM TAQA’s profits exceed AED 4bn in H1-22; dividends announced for Q2
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) generated net profits attributable to the equityholders worth AED 4.28 billion during the first half (H1) of 2022, a leap from AED 2.85 billion in H1-21. TAQA posted a 15% year-on-year …
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9 August 06:52 PM Sudatel turns profitable at nearly $33m in H1-22
Abu Dhabi – Mubasher: Sudatel Telecom Group posted net profits attributable to the equityholders worth $32.61 million during the first half (H1) of 2022, versus net losses of $8.70 million in H1-21. The revenues amounted to $188.22 million in the …
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9 August 06:36 PM Yahsat reports $45m profits in H1-22
Abu Dhabi - Mubasher: Al Yah Satellite Communications Company (Yahsat) has registered net profits attributable to the shareholders of $45.36 million during the first half (H1) of 2022, higher by around 50% than $30.10 million in H1-21. Revenues …
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9 August 05:18 PM ADNOC Drilling sees higher profits in H1-22; dividends announced
Abu Dhabi – Mubasher: ADNOC Drilling Company generated $379.31 million in net profit during the first half (H1) of 2022, an annual leap of 34% from $281.58 million in H1-21. The company posted a 13% year-on-year (YoY) growth in revenue to $1.26 …
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9 August 03:38 PM IHC’s profits near AED 4.5bn in H1-22 results
Abu Dhabi – Mubasher: International Holding Company (IHC) posted net profits attributable to the owners worth AED 4.41 billion during the first half (H1) of 2022, higher than AED 2.61 billion in H1-21. In the first six months (6M) of 2022, the …
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8 August 04:40 PM ADNOC Distribution’s profits jump 35.5% in H1-22
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) registered net profits worth AED 1.56 billion during the first half (H1) of 2022, up 35.60% from AED 1.15 billion in H1-21. The company’s revenues increased …
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8 August 10:06 AM Salama’s board recommends reducing capital to AED 790.2m
Dubai – Mubasher: The board of the Islamic Arab Insurance Company (Salama) recommended reducing the company’s issued share capital from AED 1.21 billion to AED 790.16 million. The capital cut aims to write off accumulated losses of AED 398.16 …
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7 August 05:43 PM Abu Dhabi National Hotels’ profits exceed AED 262.5m in H1-22
Abu Dhabi – Mubasher: Abu Dhabi National Hotels registered net profits attributable to the equityholders of AED 262.73 million in the first half (H1) of 2022, higher than AED 75.04 million in H1-21. The company generated AED 722.43 million in …
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7 August 05:08 PM Waha Capital posts lower profits at AED 87m in H1-22
Abu Dhabi – Mubasher: Waha Capital has reported net profits attributable to the equityholders of AED 87.28 million during the first half (H1) of 2022, an annual drop of 67% from AED 264.48 million. Revenues amounted to AED 55.37 million in the …
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7 August 04:52 PM Agthia’s H1-22 profits hike 74%; dividends proposed
Abu Dhabi – Mubasher: Agthia Group has logged net profits attributable to the owners worth AED 118.10 million during the first half (H1) of 2022, an annual leap of 74% from AED 67.92 million. Revenues jumped by 51% year-on-year (YoY) to AED 1.99 …
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7 August 03:45 PM Union Properties turns to AED 12m losses in H1-22; accumulated losses unveiled
Dubai – Mubasher: Union Properties has incurred net losses worth AED 12.19 million during the first half (H1) of 2022, compared to net profits of AED 32.38 million in H1-21. The basic and diluted loss per share stood at AED 0.0028 in the first six …