September 23, 2023
Home Posts tagged Net profit
Business

ADCB reports record half-year net profit of AED 3.811 bn, up 25%, and Q2 net profit of AED 1.932 bn, up 23%

Rizwana Shahid
Abu Dhabi, UAE: Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the second quarter of 2023 (“Q2’23”). Strong performance in Q2’23 driven by broad-based income growth and improved efficiency metrics Selected financial metrics for Q2’23 1.932 bn Net profit (AED) 15.6% Return on average tangible equity 130.4% Liquidity […]
PRESS RELEASES

SALAMA reports successful Q1 2023 results

Dubai, June 15, 2023: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, the UAE’s largest Sharia’h Compliant Takaful solutions provider, reported profit of AED 8.04 million in its first quarter results (Q1) of 2023 today. The company successfully implemented new IFRS 17 standards, which came into force on January 1, 2023. This significant
Business

DUBAL Holding announces 37% annual growth

Dubai, February 22, 2023: DUBAL Holding LLC (DH), the investment arm of the Dubai Government in the commodities and mining, power and energy, and industrial sectors, reported a net profit of AED 3.7 billion in 2022, reflecting a 37% increase from the previous year’s figure of AED 2.7 billion. This was disclosed at the annual […]
PRESS RELEASES

SALAMA’s FY 2022 preliminary Net Profit

SALAMA posted a net profit of AED 45.27mn in FY 2022, which was a result of the Company’s strategy to extend its leadership position in the UAE Takaful industry led by consistent growth in gross written contributions and prudent underwriting controls, as well as continuing investment in strategic partnerships. SALAMA’s gross written contributions for 2022 […]
PRESS RELEASES

National Marine Dredging Group achieves 30% growth

Demonstrating the success of its geographic expansion strategy and ability to enter new business verticals, National Marine Dredging Group (ADX: NMDC), one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups, announced achieving a growth in its net profit by 30% during 2022 to reach AED 1.3 billion, compared to net profit […]
Business

​​ADCB reports record full-year net profit of AED 6.434 bn, up 23%, and Q4’22 net profit of AED 1.784 bn, up 23% YoY

Rizwana Shahid
​Recommended dividend of AED 0.55 per share, equivalent to 60% of net profit Abu Dhabi: Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”)today reported its financial results for 2022 (“FY’22”) and the fourth quarter of 2022 (“Q4’22”). Record earnings driven by credit growth, higher net interest margin and diversified income streams Key highlights – FY’22 […]
Business

SALAMA reports 9-month net profit of AED 25.1 million, reaffirms leadership position with digital offering, good solvency ratio and progress in insurance portfolio consolidation

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, today announced its audited financial results for the period ended September 30, 2022. The Company reported net profit of AED 25.1 million for the 9-month period. SALAMA’s quarterly profit doubled year-on-year, rising 102% to AED 5.9 million. SALAMA’s gross written contributions for the

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