Al Rajhi Bank 9M profit up
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Tabreed H1 revenue $308m
Blurb: Profit reaches $52 million in H1
- Connected capacity rose 15 percent year-on-year, reaching 1.58 million refrigeration tonnes amid continued portfolio expansion.
- Operating cash flow climbed 40 percent to $172 million, supporting growth investment, balance sheet optimisation and shareholder returns.
Business
ADNOC L&S to expand fleet
It will acquire 11 carriers for $1.3bn.
- Acquisition includes nine vessels entering service this quarter, with two Chinese-built gas carriers scheduled for fourth-quarter delivery.
- The company said the acquisition would provide near-term operational and earnings potential while increasing the scale, flexibility and resilience of its shipping platform.
Business
Emaar Properties posts 23 percent rise in H1 net profit to $3.5 billion
Founder Mohamed Alabbar said the results reflected Emaar's disciplined approach and Dubai's continued economic expansion, adding that the company would...
- Property sales reached AED26.6 billion as revenue backlog climbed 13 percent, providing strong visibility for future earnings recognition, the company said.
- Developer unveiled AED200 billion masterplan while expanding residential portfolio with 11 launches across Dubai and boosting international operations.
Business
Empower profit climbs 16%
Dubai district cooling demand lifts earnings
- First-half revenue rose 4.5 percent as EBITDA increased 7.5 percent, supported by growing district cooling demand across Dubai developments.
- Empower added 61 contracts, lifting contracted capacity above two million refrigeration tonnes as connected buildings increased to 1,796.
Business
Burjeel profit nearly doubles
Healthcare demand drives stronger earnings.
- First-half revenue rose 4.4 percent to $761 million while adjusted net profit nearly doubled on stronger healthcare demand.
- Burjeel completed $500 million sukuk issuance, refinancing debt while maintaining stable leverage and strengthening liquidity for future growth.
Business
Salik profit slips in H1
The company said traffic recovery supported resilience.
- H1 revenue declined 7.5 percent to AED1.41 billion ($384.4 million), while net profit fell 8.7 percent to AED704 million ($191.7 million).
- Company expanded digital mobility partnerships despite weaker traffic, reaffirming confidence in long-term ancillary revenue growth and Dubai's economic outlook.
Business
Alpha Dhabi profit jumps 48%
AI and technology investments boost earnings.
- First-half revenue rose 5 percent to $10.24 billion, while adjusted EBITDA increased 7 percent to $2.53 billion year-over-year.
- Fair value investment gains reached $1.01 billion, driven by holdings in SpaceX, Cerebras and Anthropic alongside portfolio diversification efforts.
Business
Agthia profit, dividend jump
Transformation lifts earnings, cash generation.
- First-half revenue rose 7.4 percent to $708 million, while EBITDA increased 35.8 percent as margins expanded significantly.
- Free cash flow reached $142 million, net debt leverage declined sharply, prompting a 14.4 percent higher interim dividend recommendation.
Business
DFM reports higher H1 trading activity as profit reaches $121 million
Dubai, UAE -- Dubai Financial Market (DFM) reported a net profit before tax of AED443.2 million ($121 million) for the...
- Average daily traded value climbed 45.1 percent to AED1.004 billion as average daily trades increased 35.4 percent year-on-year.
- DFM attracted 42,864 new investors, with international investors representing 71.4 percent of registrations and foreign trading reaching 51 percent.
Business
2PointZero reports strong H1
Expansion drives earnings, revenue growth.
- Group completed TAQA stake sale and acquired Traverse Midstream Partners, expanding North American energy infrastructure footprint.
- Investments in Tendam, ISEM Packaging and WHOOP supported growth as shares gained wider market visibility through ADX derivatives listing.
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Tabreed H1 revenue $308m
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ADNOC L&S to expand fleet
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Emaar Properties posts 23 percent rise in H1 net profit to $3.5 billion
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Alpha Dhabi profit jumps 48%
AI and technology investments boost earnings.
- First-half revenue rose 5 percent to $10.24 billion, while adjusted EBITDA increased 7 percent to $2.53 billion year-over-year.
- Fair value investment gains reached $1.01 billion, driven by holdings in SpaceX, Cerebras and Anthropic alongside portfolio diversification efforts.
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Agthia profit, dividend jump
Transformation lifts earnings, cash generation.
- First-half revenue rose 7.4 percent to $708 million, while EBITDA increased 35.8 percent as margins expanded significantly.
- Free cash flow reached $142 million, net debt leverage declined sharply, prompting a 14.4 percent higher interim dividend recommendation.
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DFM reports higher H1 trading activity as profit reaches $121 million
Dubai, UAE -- Dubai Financial Market (DFM) reported a net profit before tax of AED443.2 million ($121 million) for the...
- Average daily traded value climbed 45.1 percent to AED1.004 billion as average daily trades increased 35.4 percent year-on-year.
- DFM attracted 42,864 new investors, with international investors representing 71.4 percent of registrations and foreign trading reaching 51 percent.