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The bank’s net operating income increased to AED 476.769 million
04:28 PM Ajman Bank’s profits grow to AED 90m in 9M
Dubai – Mubasher: The net profits of Ajman Bank jumped to AED 90.13 million during the first nine months of 2021 from AED 55.858 million in the year-ago period, as shown by the bank’s interim financials for the nine-month period ended 30 September …
The final paid consideration amounted to AED 1.863 billion
04:25 PM Etisalat completes acquisition of additional stake in EINA
Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) has completed the acquisition of Abu Dhabi Fund for Development’s 8.7% stake in Etisalat Investment North Africa (EINA).  This acquisition has enabled Etisalat to raise its …
YahClick’s HTS Ka-band capacity will offer high-speed broadband solutions
02:14 PM Yahsat’s unit enters Pan-African partnership with iSat Africa
Abu Dhabi - Mubasher: YahClick, the data subsidiary of Al Yah Satellite Communications Company (Yahsat), has entered into a partnership with iSat Africa to extend its satellite broadband services in Nigeria, Zambia, Congo, and East Africa.   iSAT …
The bank’s net interest income decreased by 6% to AED 8.62 billion
02:02 PM FAB’s net profits rise 26% in 9M
Abu Dhabi - Mubasher: The net profits attributable to the shareholders of First Abu Dhabi Bank (FAB) jumped by 26% to AED 9.21 billion during the first nine months of 2021, compared to AED 7.325 billion in the year-ago period, as shown by the …
The company generated revenues of AED 183.1 million
01:59 PM DFM reports lower profits in 9M
Dubai – Mubasher: The interim consolidated financials of the Dubai Financial Market Company (DFM) reported AED 38.14 million net profits in the first nine months of 2021, down from AED 120.07 million in the same period of 2020.  The company …
GFH purchased 12.35 million of its treasury shares
27 October 10:58 AM GFH purchases 12m treasury shares on Bahrain Bourse, DFM
Mubasher: GFH Financial Group has purchased 12.35 million of its treasury shares on Bahrain Bourse and Dubai Financial Market (DFM). This acquisition has raised the total holding of treasury shares from 155.156 million shares to 167.506 million …
The bank's net income increased to AED 7.148 billion
27 October 09:52 AM DIB sees lower profits to AED 3.058bn in 9M
Dubai – Mubasher: The consolidated interim financials Dubai Islamic Bank (DIB) recorded AED 3.058 billion net profits attributable to the owners during the first nine months of 2021, down from AED 3.125 billion in the year-ago period. The bank's …
The bank's assets jumped to AED 54.49 billion as of 30 September 2021
26 October 04:17 PM RAKBANK's net profits grow to AED 532m in 9M
Abu Dhabi – Mubasher: National Bank of Ras Al Khaimah (RAKBANK) reported AED 532.476 million net profits attributable to the owners during the first nine months of 2021, up from AED 436.044 million in the year-ago period, according to the interim …
Theta Bidco is formed by IHC Industrial Holding and Tasheel
26 October 03:46 PM IHC announces AED 359m cash offer to acquire London-listed Arena Events
Abu Dhabi – Mubasher: Theta Bidco, a subsidiary of International Holdings Company (IHC), has announced an AED 359 million ($98 million) recommended cash offer to acquire the London Stock Exchange-listed Arena Events Group. Arena Events Group is an …
The company has acquired 9.385 million shares on 24 October
26 October 10:06 AM GFH acquires 19.6m of treasury shares
Mubasher: GFH Financial Group has purchased around 19.6 million shares of its treasury shares on Bahrain Bourse, Dubai Financial Market (DFM), and Boursa Kuwait. The company has acquired 9.385 million shares on 24 October 2021 and 10.2 million …
The company's net underwriting income increased to AED 50.99 million
26 October 09:46 AM Dubai Insurance's profits jump to AED 59m in 9M
Dubai – Mubasher: The unaudited consolidated interim financials of Dubai Insurance Company reported AED 58.81 million net profits during the first nine months of 2021, up from AED 49.17 million in the same period of 2020. The company's net …
Higher net profits are driven by improving underlying business momentum
25 October 04:33 PM NBF records 36% higher profits in 9M
Abu Dhabi – Mubasher: The net profits of National Bank of Fujairah (NBF) increased by 36.4% to AED 90.44 million during the first nine months of 2021, compared to AED 66.315 million in the same period of 2020, as shown by the bank's consolidated …
The liquidity provider will not hold over 5% of the company's share capital
25 October 10:40 AM Sharjah Group appoints BHM Capital as liquidity provider
Abu Dhabi – Mubasher: Sharjah Group has inked an agreement with BHM Capital Financial Services to act as a liquidity provider for its traded shares on the Abu Dhabi Securities Exchange (ADX). Under the agreement, the liquidity provider will not …
A co-investment was made in a global healthcare education provider
25 October 10:14 AM GFH partners with Schroders Capital to invest in private equity deals
Mubasher: GFH Financial Group has inked a strategic partnership with Schroders Capital, the private markets investment division of the UK's Schroders, to invest in a number of private equity and venture capital deals. The partnership will enable …
The company generated revenues of AED 11.424 billion
25 October 09:44 AM IHC unit Alpha Dhabi's profits surge in 9M
Abu Dhabi - Mubasher: Alpha Dhabi Holding reported AED 2.155 billion net profits attributable to the owners during the first nine months of 2021, compared to AED 186.252 million in the year-ago period, according to the company's interim …
The MoU was signed during the 41st edition of GITEX Technology Week
24 October 12:02 PM Ericsson partners with du, Pure Harvest Smart Farms for 5G farming solutions
Dubai – Mubasher: Ericsson has inked a Memorandum of Understanding (MoU) with Emirates Integrated Telecommunications Company (du) and Pure Harvest Smart Farms to offer agricultural sites in the UAE's Al Ain innovative 5G smart farming solutions. …
This decision aims to support the NAFIS programme
24 October 11:16 AM Aldar to create 1,000 jobs for UAE national by 2026
Abu Dhabi – Mubasher: Aldar Properties will provide job opportunities for 1,000 Emiratis over the next five years, which is in line with the Emiratisation goals announced in the UAE’s 'Projects of the 50' initiative. This decision aims to support …
SICO has liquidated the market-making portfolio
24 October 10:38 AM GFH receives CBB's approval for treasury share repurchase
Mubasher: GFH Financial Group has obtained the approval of the Central Bank of Bahrain (CBB) to repurchase treasury shares, which is set to commence from 24 October 2021. This approval came after the ordinary general meeting (OGM) had agreed …
The company has formed a team of international experts
24 October 10:02 AM Union Properties' unit files AED 3.5bn arbitration claims
Dubai – Mubasher: The total value of arbitration claims filed by one of Union Properties' subsidiaries has reached around AED 3.5 billion. The arbitral tribunal is expected to issue its decisions on a number of the claims in the second quarter …
NAS will manage Siginon's businesses
24 October 09:36 AM Agility's unit acquires stake in Kenya-based Siginon Aviation
Mubasher: National Aviation Services (NAS), a subsidiary of Agility Public Warehousing, has acquired a 51% stake in Kenya-based Siginon Aviation in exchange for around $40 million (KWD 12 million). Siginon Aviation is the largest aviation cargo …
The earnings per share (EPS) settled at AED 0.148
20 October 11:35 AM Emirates Islamic Bank turns to profitability in 9M
Dubai – Mubasher: Emirates Islamic Bank recorded net profits of AED 804.238 million during the first nine months of 2021, against net losses of AED 311.238 million in the year-ago period, according to the bank's unaudited consolidated interim …
Etisalat will own 40% of the joint venture
20 October 10:23 AM Etisalat, G42 ink agreement to create largest data centre provider in UAE
Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) has inked a binding agreement with Group42 (G42) to combine their data centres to create the largest data centre provider in the UAE. Etisalat will own 40% of the joint venture, in …
The bank's assets rose to AED 699.067 billion
20 October 09:54 AM Emirates NBD sees 29% higher profits in 9M
Dubai – Mubasher: The consolidated interim financials of Emirates NBD reported AED 7.285 billion net profits attributable to the equity holders during the first nine months of 2021, up 29% from AED 5.64 billion in the year-ago period. The bank's …
This decision is subject to the approval of the bank's OGM
19 October 02:42 PM Sharjah Islamic Bank's board approves foreign ownership rise to 40%
Abu Dhabi – Mubasher: The board of Sharjah Islamic Bank (SIB) has approved an increase in the foreign ownership limit to 40% to enhance its international classification. This decision is subject to the approval of the bank's ordinary general …
Damac will collaborate with Dataplex Group to develop brownfield projects
19 October 11:22 AM Damac partners with Dataplex to develop data centre facilities in Europe
Dubai - Mubasher: Damac Group has partnered with Dataplex Group Limited, a Dublin-based data centre colocation, engineering, and construction solutions company, to establish data centre facilities in Europe. Under the partnership, Damac will …