Browsing: financial growth

Burjeel Holdings, a leading super-specialty healthcare provider in MENA and listed on the Abu Dhabi Securities Exchange, has announced that its board has authorised management to assess a potential share buyback of up to 10% of the group’s share capital.

Citi has announced a 33% increase in CEO Jane Fraser’s total compensation for 2024, bringing…

The MENA region witnessed a sharp rise in IPOs in 2024, with 54 listings raising $12.6bn, according to the EY MENA IPO Eye Q4 2024 report. This represents a 12.5 per cent increase in the number of IPOs and a 17.6 per cent growth in capital raised compared to the previous year.

First Abu Dhabi Bank (FAB), the UAE’s largest lender, reported a 4% year-on-year (YoY) rise in net profit for 2024, reaching AED 17.1B (USD 4.6B).

Abu Dhabi’s real estate sector witnessed robust activity in January, recording AED 10.6B in transactions across 2,514 property deals. This reflects sustained growth and strong investor confidence in the emirate’s property market.

The National Bank of Fujairah (NBF) has reported a net profit of AED 850.1 million…

Emirates NBD reported a pre-tax profit of AED 27.1B in 2024, a 15% rise from the previous year, while post-tax profit increased by 7% to AED 23B. The bank’s Board of Directors has proposed a 100 fils dividend per share.

The UAE Central Bank (CBUAE) reported a 1.3% increase in total banks’ assets, including bankers’ acceptances, reaching AED 4.456T at the end of October 2024, up from AED 4.4T in September 2024.

First Abu Dhabi Bank (FAB), the largest lender in the UAE by assets, is reportedly planning to sell its non-performing loan portfolio valued at approximately $800M (AED 2.94B) to Deutsche Bank. This transaction marks a rare significant distressed debt deal within the GCC region.

Dubai-headquartered SHUAA Capital has finalised the sale of its Saudi hospitality asset portfolio to Sumou Holding for $137M (SAR 515M).