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25 September 2025 06:02 PM Taaleem Holdings secures AED 968m financing to support GCC expansion
Dubai - Mubasher: Taaleem Holdings has signed two strategic financing agreements with Emirates Islamic totaling AED 968 million to support its growth and expansion plans. The first agreement, valued at AED 730 million, will fund Taaleem Holdings' …
Banking and Finance
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15 June 2025 03:34 PM SNB to issue USD-denominated Tier 2 capital notes; UAE-listed lenders participate
Riyadh - Mubasher: The Saudi National Bank (SNB) intends to issue USD-denominated Tier 2 capital notes under its Euro Medium Term Note (EMTN) program. The proceeds aim to enhance the bank’s Tier 2 capital and boost its financial as well as …
Companies Investments
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9 June 2025 11:37 AM Emirates NBD, Siemens to finance UAE’s green infrastructure projects
Dubai – Mubasher: Emirates NBD partnered with global technology leader Siemens to finance large-scale green infrastructure projects and support decarburization in the UAE, according to a press release. In line with the UAE’s Net Zero by 2050 …
Companies Investments
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5 June 2025 01:22 PM Nasdaq Dubai welcomes Mashreq’s $500m debut Sukuk listing
Dubai – Mubasher: Mashreq Bank listed a $500 million Sukuk on Nasdaq Dubai through Mashreq Al Islami Sukuk Company Limited, according to a press release. Issued under Mashreq’s $2.50 billion Trust Certificate Issuance Program, the offering is …
Banking and Finance
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27 April 2025 01:07 PM Dubai National Insurance’s general assembly raises cash dividends for 2024
Dubai – Mubasher: Dubai National Insurance announced that the general assembly approved a 15% cash dividend to shareholders amounting to AED 17.32 million, according to a press release. Khalaf Al Habtoor, Chairman of Dubai National Insurance, …
Cash Dividends
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27 April 2025 11:32 AM DIB records AED 1.7bn profits in Q1-25; total income down 2%
Dubai – Mubasher: Dubai Islamic Bank (DIB) registered AED 1.79 billion in net profit during the first quarter (Q1) of 2025, an annual increase of 8% from AED 1.66 billion. Basic and diluted earnings per share (EPS) went up to AED 0.23 as of 31 …
Banking and Finance
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24 April 2025 01:35 PM CBD records 18% higher net profits in Q1-25
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) generated AED 828.11 million in net profit during the first quarter (Q1) of 2025, up 18.10% from AED 700.98 million a year earlier. Basic and diluted earnings per share (EPS) increased to AED …
Banking and Finance
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23 April 2025 00:37 PM Al Ansari Exchange, Visa expand partnership to boost financial ecosystem
Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, extended its strategic partnership with Visa to drive innovation and redefine the customer experience through advanced digital payment solutions and card …
Companies Investments
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22 April 2025 08:13 PM Emirates Islamic Bank’s profits hike to AED 1bn in Q1-25
Dubai – Mubasher: The net profits of Emirates Islamic Bank jumped to AED 1 billion in the first quarter (Q1) of 2025 from AED 811.44 million in Q1-24. Earnings per share (EPS) increased to AED 0.18 as of 31 March 2025 from 0.14 in the year-ago …
Banking and Finance
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22 April 2025 07:15 PM Emirates NBD registers AED 6.2bn profits in Q1-25
Dubai – Mubasher: Emirates NBD recorded net profits after tax amounting to AED 6.21 billion in the first quarter (Q1) of 2025, an annual drop of 7% from AED 6.71 billion. Total operating income jumped by 11% year-on-year (YoY) to AED 11.87 billion …
Financial Results
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21 April 2025 11:02 AM Aman’s accumulated losses hit 80% of paid-up capital
Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) suffered AED 181.40 million in accumulated loss during the fourth quarter (Q4) of 2024. The incurred accumulated losses represent 80% of the paid-up capital, according to a …
Financial Results
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20 April 2025 03:57 PM Mashreq prices $500m debut Sukuk, attracts largest ever orderbook
Dubai – Mubasher: Mashreq has priced its debut $500 million Sukuk under the $2.50 billion Trust Certificate Issuance Program, with a profit rate of 5.03% annually on 15 April. The five-year offering will be rated A by S&P and will be listed on …
Bonds
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20 April 2025 00:43 PM Ajman Bank’s net profits exceed AED 134.5m in Q1-25
Dubai – Mubasher: Ajman Bank logged higher net profits at AED 134.67 million in the first quarter (Q1) of 2025, compared to AED 107.42 million in Q1-24. The lender generated net operating income valued at AED 198.91 million as of 31 March 2025, an …
Financial Results
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13 April 2025 01:33 PM Al Ansari Financial Services becomes largest NBFI in GCC via acquisition deal
Dubai – Mubasher: Al Ansari Financial Services concluded its acquisition of BFC Group Holdings after receiving all the required regulatory approvals, according to a press release. The transaction reinforced the DFM-listed company’s position as the …
Companies Investments
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3 April 2025 11:42 PM Al Ansari Exchange closely monitoring global currency markets amid new US tariffs
Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, stated that it is closely monitoring global currency markets following the recent US tariff announcements by President Donald Trump, according to a press …
Trade
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30 March 2025 07:12 PM Emirates NBD launches new product for businesses owned by UAE Nationals
Dubai – Mubasher: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, recently announced the launch of its new proposition for businesses owned by UAE Nationals. Under the name Emirati Business, the …
Banking and Finance
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25 March 2025 11:36 AM Salama names Bouabane as CEO
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) appointed Mohamed Ali Bouabane as its CEO as of 21 March 2025, according to a bourse disclosure. The appointment came after obtaining the necessary regulatory approvals from the Central …
Board of Directors
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23 March 2025 04:46 PM Emirates Islamic issues $750m senior unsecured Sukuk
Dubai – Mubasher: Emirates Islamic Bank has successfully issued a $750 million senior unsecured Sukuk, backing its strategic growth journey as well as the continued progress of the Islamic finance industry. The Sukuk attracted a strong order book …
Companies Investments
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23 March 2025 11:43 AM Al Ansari Financial Services to disburse AED 315m dividends for 2024
Dubai – Mubasher: The shareholders of Al Ansari Financial Services approved the board’s recommendation to distribute cash dividends valued at AED 315 million for 2024. The company will pay out 4.20 fils per share, accounting for 78% of the year’s …
General Assembly
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16 March 2025 02:24 PM DIB’s shareholders approve 45% cash dividends for 2024
Dubai – Mubasher: Dubai Islamic Bank (DIB) concluded its annual general assembly (AGM), with shareholders approving a 45% cash dividend, aggregating to an amount of approximately AED 3.25 billion. The bank witnessed a record-breaking pre-tax …
General Assembly
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13 March 2025 07:53 PM Al Ansari Exchange teams up with BILRS for international, domestic bill payment services
Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services, has entered into a strategic partnership with BILRS Payment Services Provider Company to enable customers to make seamless international and domestic bill payments …
Companies Investments
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11 March 2025 01:02 PM NBF closes $100m syndicated financing transaction co-led by Emirates NBD, RAKBANK
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) has closed a single currency term and letter of credit syndicated transaction amounting to $100 million, according to a press release. The financing deal will enable Pure Cement LLC to …
Banking and Finance
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11 March 2025 00:14 PM Emirates NBD-Egypt backs public transportation development in Egypt via EGP 3bn financing
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, has penned a financing deal valued at EGP 3 billion with the National Authority for Tunnels (NAT) to support public transportation development projects in Egypt. This …
Banking and Finance
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6 March 2025 01:59 PM Al Ramz Corporation delivers solid financial performance; assets up 24%
Dubai – Mubasher: Al Ramz Corporation Investment and Development recorded lower net profits at AED 15.95 million in 2024, compared with AED 39.67 million in 2023. The DFM-listed company registered a total income valued at AED 99.86 million last …
Financial Results
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27 February 2025 07:58 AM Mashreq to foster Egypt’s digital corporate banking landscape via NEO Corp launch
Dubai – Mubasher: Mashreq Bank plans to extend the roll-out of its Mashreq NEO CORP to the customer base in Egypt, according to a press release. Upon obtaining the required regulatory approvals, Egypt will be the first country in Mashreq’s network …
Banking and Finance