BusinessLatest Business and Company Updates
du Posts Strong Q3 2025 Growth
Dubai-based Emirates Integrated Telecommunications Company PJSC announced that its third-quarter results delivered a 7.9 per cent year-on-year jump in revenues to AED 3.87 billion, underpinned by growth in mobile, fixed and ICT businesses. The company reported an EBITDA of AED 1.85 billion, which equated to a margin of 47.8
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VFS Global Cuts Cost of $2 Billion Term Loan with Tighter Pricing
VFS Global has launched a $2 billion-equivalent term loan facility, securing markedly tighter pricing for its seven-year dollar and euro tranches. The USD portion of $1.010 billion is priced at 250 basis points above the Secured Overnight Financing Rate,
ALEC Holdings Prices IPO at Dh1.35–1.40, Subscription Kicks Off
Dubai’s engineering and construction powerhouse ALEC Holdings PJSC has fixed its IPO share price between AED 1.35 and AED 1.40, opening subscriptions for a 20 percent stake in the company. The offering will feature 1 billion existing shares, valuing
UAE builders retain financial cushion
UAE property developers are expected to keep construction programmes moving and meet debt obligations over the next 12 months, as strong cash reserves and positive operating cash flow provide a buffer against softer sales, wider payment plans and geopolitical uncertainty.
