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First Abu Dhabi Bank (FAB) has announced a record cash dividend of Dh8.3 billion (75 fils per share) for the financial year ending December 31, 2024, following approval at the Annual General Meeting on March 11. This payout, representing approximately 49% of the bank's net profit of Dh17.1 billion, reflects a 13% year-on-year increase in profit before tax to AED 19.9 billion, driven by heightened client activity and diversified income streams. Shareholders registered by March 21, 2025, will be eligible for the dividend.
The UAE’s Federal Tax Authority has introduced a feature on its EmaraTax platform allowing Family Foundations to apply for Unincorporated Partnership status under the corporate tax regime. This change, following Ministerial Decision No. 261 of 2024, enables eligible foundations to avoid filing corporate tax returns, shifting the responsibility to individual beneficiaries for their tax obligations. Compliance with the Corporate Tax Law and related guidelines is required for those opting for this status.
Alpha Data has successfully raised Dh600 million ($163 million) in its IPO on the Abu Dhabi Securities Exchange, marking the UAE's first IPO of 2025. The offering, which was oversubscribed, involved 400 million shares priced at Dh1.50 each, giving the company a market capitalization of approximately Dh1.5 billion ($408 million).This listing aligns with ADX's strategy to attract firms in high-growth sectors like AI and cloud computing, while also supporting Abu Dhabi's capital market development and economic diversification. The IPO reflects a resurgence in the region's equity capital markets, with expectations for continued activity in 2025.
Abu Dhabi Islamic Bank (ADIB) has approved a cash dividend of Dh3.03 billion for 2024, reflecting a 16% increase in net profit to Dh6.1 billion. The payout of 83 fils per share, up from 71 fils in 2023, represents 50% of net profit. Total assets rose to Dh226 billion, driven by a 22% increase in customer financing, while net profit before tax reached a record Dh6.9 billion, attributed to higher revenue and improved asset quality.
Abu Dhabi Islamic Bank (ADIB) has approved a cash dividend of Dh3.03 billion for 2024, reflecting a 16% increase in net profit to Dh6.1 billion. The payout of 83 fils per share, up from 71 fils in 2023, represents 50% of net profit. Total assets rose to Dh226 billion, driven by a 22% increase in customer financing, while net profit before tax surged by 26% to a record Dh6.9 billion, attributed to higher revenue and improved asset quality.
The Rent-Now-Pay-Later (RNPL) model is transforming Dubai's real estate market by allowing tenants to pay rent in monthly installments while landlords receive full payment upfront. This innovation enhances tenant-landlord dynamics, particularly benefiting the expat population, and is projected to capture 15-20% of the UAE's $25.8 billion rental market by 2025. Keyper, a leading RNPL provider, has significantly reduced leasing times and achieved high tenant retention, showcasing the model's potential to modernize rental practices in the region.
The Rent-Now-Pay-Later (RNPL) model is transforming Dubai's real estate market by allowing tenants to pay rent in monthly installments while landlords receive full payment upfront. This innovation enhances tenant-landlord dynamics, particularly benefiting the expat population, and is projected to capture 15-20% of the UAE's $25.8 billion rental market by 2025. Keyper, a leading RNPL provider, has significantly reduced leasing times and achieved high tenant retention, showcasing the model's potential to modernize rental practices in the region.
Abu Dhabi's ADQ has acquired a 58% stake in Aramex, becoming the majority shareholder after a Dh1.5 billion voluntary tender offer. This includes a 35.31% stake from the tender and an existing 22.69% from AD Ports Group, valuing Aramex at approximately Dh4.39 billion. The offer, priced at Dh3.00 per share, represents significant premiums over previous trading averages, and ADQ can accept additional shares until March 24, 2025.
Abu Dhabi's sovereign wealth fund, ADQ, has acquired a 58% stake in Aramex through a Dh1.5 billion voluntary tender offer, which concluded on March 10, 2025. This includes a 35.31% stake from the tender and an existing 22.69% held by AD Ports Group. The offer, executed via ADQ’s subsidiary Q Logistics Holding LLC, was priced at Dh3.00 per share, reflecting a 35% premium to the one-month and a 32% premium to the three-month average price as of January 9, 2025, valuing Aramex at approximately Dh4.39 billion.
Tecom Group shareholders are set to receive a dividend of Dh400 million, equating to 8 fils per share. This distribution is scheduled for the second half of 2024, marking a significant return for investors.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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adib announces 3 billion dirham dividend as profits rise to 6.1 billion
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adib announces 3 billion dirham dividend as profits rise to 6.1 billion
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revolutionizing rental payments in the uae with rent now pay later model
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revolutionizing rental payments in the uae with rent now pay later model
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Abu Dhabi's ADQ secures majority stake in Aramex with Dh1.5 billion offer
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Abu Dhabi's ADQ secures majority stake in Aramex with Dh1.5 billion offer
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Tecom Group to distribute Dh400 million dividend to shareholders in 2024
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