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- Bahrain All Share Index, Islamic Index close higher
- Ithmaar Bank reports Q1 2025 profits
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11/03/2025 06:49 AST
The way has been cleared for Tecom group shareholders to get their share of Dh400 million - at 8 fils a share - in dividend. This is linked to the second-half of 2024.
For 2024, the Dubai company will have paid Dh800 million, which is what was paid in 2023 as well.
This is 'in line with the approved dividend policy in place until the end of the first-half of 2025', said a statement.
One of Dubai's biggest landlords in the commercial real estate space, Tecom Group had a 11% year-on-year increase in 2024 revenues to Dh2.4 billion, with occupancy and retention rates of 94% and 92%.
The full-year net profit swelled 14% to Dh1.2 billion, while funds from operations (FFO) were Dh1.6 billion 'led by improved collections and income-generating assets' performance'.
"Tecom Group's strong performance through 2024 has allowed us to implement our strategic investments," said Malek Al Malek, Chairman of the DFM-listed entity. "This includes Dh2.7 billion of investments to deliver sustainable growth."
Gulfnews
02/05/2025
Dubai's Tecom Group has come up with net profits of Dh360.8 million for the January to March 2025 period, and quite a healthy gain on the Dh292.5 million from the year ago status.
The compan
Gulfnews
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15/05/2025
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported profits for the first quarter of the year as it announced its financial results for the three-month period ended March 31.
Ithmaa
BNA
15/05/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has reported a profit of BD18.1 million ($48.2 million) for the first quarter of 2025, a drop of 25.9% year-over-year (YoY
Trade Arabia
15/05/2025
Indosat Ooredoo Hutchison is spearheading the development of sovereign AI to elevate Indonesia's economic trajectory, according to president director and CEO, Vikram Sinha.
"Indosat has a lar
Gulf Times
15/05/2025
Dukhan Bank has announced that Saad al-Kuwari has won the QR1,000,000 grand prize in the latest draw of Thara'a, the bank's Shariah-compliant savings account.
The draw was conducted under the
Gulf Times
15/05/2025
National Investments Company held its Ordinary AGM for the fiscal year ended December 31, 2024, and immediately following this, the Extraordinary General Assembly Meeting was convened on Wednesday, M
Kuwait Times
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