Latest news with #PJSC
Yahoo
5 days ago
- Business
- Yahoo
Discover Middle Eastern Penny Stocks: Sharjah Cement and Industrial Development (PJSC) Among 3 Compelling Picks
The Middle Eastern stock markets have recently experienced fluctuations, with Dubai's main index snapping a five-day winning streak amidst concerns over potential real estate price declines. In such a volatile environment, investors often look towards penny stocks for their affordability and potential for growth. Although the term 'penny stocks' may seem outdated, these smaller or newer companies can offer unique opportunities when backed by solid financials. Name Share Price Market Cap Financial Health Rating Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret (IBSE:KATMR) TRY1.70 TRY1.83B ★★★★★☆ Thob Al Aseel (SASE:4012) SAR4.00 SAR1.6B ★★★★★★ Alarum Technologies (TASE:ALAR) ₪2.70 ₪189.09M ★★★★★★ Terminal X Online (TASE:TRX) ₪4.339 ₪551.08M ★★★★★★ Oil Refineries (TASE:ORL) ₪0.905 ₪2.81B ★★★★★☆ Tgi Infrastructures (TASE:TGI) ₪2.311 ₪171.8M ★★★★★★ Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.723 AED439.77M ★★★★★★ Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.00 AED361.51M ★★★★★★ E7 Group PJSC (ADX:E7) AED1.03 AED2.08B ★★★★★★ Dubai Investments PJSC (DFM:DIC) AED2.40 AED10.12B ★★★★☆☆ Click here to see the full list of 93 stocks from our Middle Eastern Penny Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Sharjah Cement and Industrial Development (PJSC) operates in the production and distribution of cement and related products, with a market cap of AED439.77 million. Operations: The company's revenue is primarily derived from its manufacturing segment, totaling AED690.53 million. Market Cap: AED439.77M Sharjah Cement and Industrial Development (PJSC) has demonstrated strong financial health with its short-term assets exceeding both short and long-term liabilities, while maintaining a satisfactory net debt to equity ratio of 24.8%. The company reported significant earnings growth of 98.1% over the past year, outpacing the industry average. Despite a volatile share price and low return on equity at 2.9%, its debt is well covered by operating cash flow, indicating solid operational efficiency. Recent earnings results show improved sales and net income for Q1 2025, reflecting ongoing profitability despite an unstable dividend history. Unlock comprehensive insights into our analysis of Sharjah Cement and Industrial Development (PJSC) stock in this financial health report. Learn about Sharjah Cement and Industrial Development (PJSC)'s historical performance here. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Yesil Yapi Endüstrisi A.S. is a construction company operating in Turkey and internationally, with a market cap of TRY1.41 billion. Operations: Yesil Yapi Endüstrisi A.S. has not reported any specific revenue segments. Market Cap: TRY1.41B Yesil Yapi Endüstrisi A.S. has shown financial resilience with its short-term assets exceeding short-term liabilities, although they fall short of covering long-term liabilities. Despite making less than US$1 million in revenue, the company reported a substantial net income increase in Q1 2025, indicating high non-cash earnings quality. Its price-to-earnings ratio is significantly lower than the market average, suggesting potential undervaluation. The company's return on equity is strong at 20.1%, and it has successfully reduced its debt to equity ratio over five years while maintaining more cash than total debt, reflecting prudent financial management amidst negative recent earnings growth. Jump into the full analysis health report here for a deeper understanding of Yesil Yapi Endüstrisi. Review our historical performance report to gain insights into Yesil Yapi Endüstrisi's track record. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Jeen Technologies AI Ltd develops, manufactures, and markets mobile computing platforms for fleet and mobile workforce management solutions with a market cap of ₪36.19 million. Operations: The company generates revenue from its hardware products, amounting to ₪3.33 million. Market Cap: ₪36.19M Jeen Technologies AI Ltd, formerly Micronet Ltd, is navigating the penny stock landscape with a market cap of ₪36.19 million and limited revenue streams under US$1 million (₪3.33M), classifying it as pre-revenue. Despite being debt-free and possessing sufficient short-term assets to cover liabilities, the company remains unprofitable with declining earnings over five years at 2.3% annually. The share price has been highly volatile recently, though weekly volatility has stabilized over the past year compared to most IL stocks. A recent name change reflects ongoing corporate restructuring efforts amidst an inexperienced board and seasoned management team tenure averaging 4.7 years. Get an in-depth perspective on Jeen Technologies AI's performance by reading our balance sheet health report here. Gain insights into Jeen Technologies AI's historical outcomes by reviewing our past performance report. Take a closer look at our Middle Eastern Penny Stocks list of 93 companies by clicking here. Want To Explore Some Alternatives? The end of cancer? These 23 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:SCIDC IBSE:YYAPI and TASE:JEEN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Zawya
26-05-2025
- Automotive
- Zawya
Parkin introduces public parking zones in Mirdif effective 26 May 2025
Parkin Company PJSC ('Parkin' or 'the Company'), the largest provider of paid public parking facilities and services in Dubai, announces the expansion of its parking portfolio with the introduction of new public parking zones in Mirdif, effective Monday, 26 May 2025. This initiative is in line with the Company's commitment to enhancing accessibility, improving the availability of parking, and supporting efficient traffic flow in high-demand neighbourhoods. As part of this rollout, public parking tariffs will apply to the following newly designated zones in Mirdif: Zone 251C – On-street parking Zone 251D – Off-street parking These areas are located within commercial and high-density locations in Mirdif and have been identified as requiring regulated parking due to sustained demand throughout the day. Tariff Details Parking will be charged from Monday to Saturday, 8:00 AM to 10:00 PM, with free parking on Sundays and official public holidays. The tariff structure is differentiated based on parking type (on-street vs off-street), parking duration, and whether the service is used during peak or off-peak hours, as defined below: Parking Duration Zone 251C – On-street Zone 251D – Off-street 1 hour AED 4 (Peak) / AED 2 (Off-Peak) AED 4 (Peak) / AED 2 (Off-Peak) 2 hours AED 8 / AED 5 AED 8 / AED 4 3 hours AED 12 / AED 8 AED 12 / AED 5 4 hours AED 16 / AED 11 AED 16 / AED 7 24 hours — AED 20 (flat rate) Note: 24-hour parking is available only in off-street Zone 251D. Peak Hours: 8:00 AM – 10:00 AM 4:00 PM – 8:00 PM Off-Peak Hours: 10:00 AM – 4:00 PM 8:00 PM – 10:00 PM This initiative is part of Parkin's broader strategy to implement a Variable Pricing Tariff Policy, which reflects demand-responsive pricing to manage parking occupancy more effectively. These measures help maintain optimal turnover of parking spaces in key areas and align with international best practices in urban mobility management. All parking zones will be clearly marked with signage displaying applicable tariffs and operational hours. For ease of access, full information is also available via the Parkin mobile app, website, and official social media channels. IR and Media Enquiries For more information, please visit or contact: Investors / Analysts Media About Parkin Company PJSC With a unique blend of operational excellence, technological know-how and enforcement capability spanning almost three decades, Parkin Company PJSC is the largest provider of paid public parking facilities and services in the Emirate of Dubai, operating approximately 200k paid parking spaces. Parkin has a monopoly on Dubai's on and off-street paid public parking market and a leading share of the total on and off-street paid parking market. Under a 49-year Concession Agreement with Dubai's Roads and Transport Authority (RTA), Parkin has the exclusive right to operate a portfolio of public on and off-street parking (180k spaces) as well as public multi-storey car parking facilities (3k spaces). Parkin also operates certain developer-owned parking facilities through partnership agreements across the Emirate (20k spaces). Additional revenue streams include enforcement, the issuance of seasonal permits, parking reservations and other commercial activities. By deploying state of the art digital payment solutions and intelligent parking management systems that utilise artificial intelligence and big data analysis, Parkin's customers successfully conducted 95m parking transactions during 9M 2024. Dubai's parking operations were established in 1995 under the Dubai Municipality, before becoming part of the RTA in 2005. In December 2023, Parkin Company PJSC was established through the issuance of Law No. 30 of 2023, successfully completing its initial public offering (IPO) on the Dubai Financial Market in March 2024.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Dubai telecom operator du reports 19.8% net profit increase in Q1 2025
Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the first quarter of 2025, marked by robust growth in both revenues and profitability. Total revenues increased by 7.4 per cent year-over-year, driven by solid performance across both service and non-service segments. EBITDA rose by an impressive 15.0 per cent supported by improved revenue mix and efficient cost management, resulting in an exceptional EBITDA margin of 47.4 per cent. This operational strength translated into a net profit increase of 19.8 per cent, underscoring our continued momentum and financial discipline, according to a press statement released by the company today. Fahad Al Hassawi, CEO commented, 'We started the year with a very strong first quarter, delivering growth across all key financial metrics and making meaningful progress on our strategy to diversify revenue streams as witnessed by the strategic partnership with Microsoft to develop a hyperscale data centre. The resilient UAE environment coupled with the quality of our offerings and our ability to respond to evolving customer needs contributed to the solid growth in our subscriber base with our mobile base now exceeding the 9 million mark and our revenues witnessing a remarkable 7.4 per cent growth." He added, "We also achieved a strong margin expansion, with EBITDA margin rising to 47.4 per cent while net profit grew by 19.8 per cent, reflecting disciplined execution of our strategy and effective cost management. Our balance sheet remains robust supported by strong cash generation and the continuing normalisation of capital expenditures in our connectivity business, enabling us to strategically expand into high-potential growth areas. We have reiterated our guidance, highlighting our confidence in maintaining this strong momentum throughout the year.' According to the company's statement, Q1 revenues grew by 7.4 per cent year-over-year reaching Dh3.8 billion with growth in both service and non-service revenues primarily driven by the strong macro environment in the UAE, our ability to gain market share, as well as our sustained focus on high ARPU products and mix improvement. Q1 Mobile service revenues increased by 7.4 per cent year-over-year to Dh1.7 billion driven by the growth of our customer base, improved mix and enhanced ability to capture demand for higher ARPU products through higher offer personalisation and data driven Customer Value Management, as well as some non-recurring revenues. Q1 Fixed service revenues rose by 10.2 per cent year-over-year reaching Dh1.1 billion mainly driven by the higher fibre penetration and the continuing success of our Home Wireless product and Enterprise connectivity solutions. Q1 'Other revenues' grew by 4.8 per cent year-over-year to Dh1.1 billion driven by the expansion of our ICT business as we continue to seek new revenue streams beyond our core business. The growth was also driven by higher in-bound roaming revenues supported by higher tourists' inflow and higher interconnection revenues reflecting our higher mobile base. This was partly offset by lower handset sale mainly reflecting a phasing effect, with Q1'24 handset sales benefitting from a pull-forward in demand due to supply constraints in the prior quarter, resulting in a higher comparison base. Q1 EBITDA grew by 15.0 per cent to Dh1.8 billion, with an EBITDA margin of 47.4 per cent. The strong revenues' growth, improved Mix, increased ARPU, lower handset sales and lower authentication costs, as well as the positive impact of the non-recurring revenue items resulted in higher gross margin. This was coupled with improved collections performance and our continuous focus on operational efficiency and strong control of indirect costs. Q1 Net Profit witnessed a 19.8 per cent growth year-over-year to Dh722 million, representing a Net Profit margin of 18.8% reflecting the strong EBITDA performance and positive interest result. Q1 Capex was at Dh377 million (Q1 2024: Dh359 million), a capex intensity of 9.8 per cent (Q1 2024 capex intensity of 10.0 per cent). Our core investments remain focused on 5G densification, enhancing indoor coverage and expanding Fibre deployment, and we will further allocate capital to continue developing our ICT activities. We will also continue improving our infrastructure and transforming our IT systems to further enhance the quality of our network and elevate customer experience. Q1 Operating free cash flow (EBITDA – Capex) increased by 17.9 per cent to Dh1.4 billion, mainly driven by EBITDA growth.
Arabian Post
16-05-2025
- Business
- Arabian Post
Masdar Secures $1 Billion to Advance Global Renewable Projects
Abu Dhabi Future Energy Company PJSC – Masdar has successfully raised $1 billion through its latest green bond issuance, marking a significant step in its commitment to expanding renewable energy initiatives globally. The issuance, structured in two equal tranches of $500 million with maturities of five and ten years, attracted substantial investor interest, culminating in an order book that peaked at $4.6 billion, reflecting an oversubscription rate of 4.6 times. The bond's allocation saw a distribution of 70% to international investors and 30% to those in the Middle East and North Africa region. The five-year tranche was priced with a coupon of 4.875%, while the ten-year tranche carried a coupon of 5.25%. These rates underscore Masdar's strong credit standing, with the company's green finance framework receiving the highest possible rating of SQS-1 from Moody's. Proceeds from this issuance are earmarked for investment in new greenfield renewable energy projects, particularly in developing economies. This aligns with Masdar's strategic objective to achieve a renewable energy portfolio capacity of 100 gigawatts by 2030. The company has been instrumental in advancing clean energy solutions, with projects spanning over 40 countries. Masdar's Chief Executive Officer, Mohamed Jameel Al Ramahi, emphasized the significance of this financial milestone, stating that the successful bond issuance underscores investor confidence in Masdar's financial robustness and sustainability credentials. He highlighted that the funds will be pivotal in advancing the company's ambitious portfolio of renewable energy projects, further cementing its role in supporting an equitable energy transition by increasing energy access in emerging markets and the Global South. See also Dubai to Convene Global Leaders for Green Economy Talks Chief Financial Officer Mazin Khan reiterated the company's commitment to transparency and impact, noting that Masdar is raising green bonds and other green finance instruments to invest in new dark green projects. He emphasized that this approach is not only a key component of Masdar's investor relations strategy but also a commitment that the company is transparently fulfilling through the publication of audited annual allocation and impact reporting. This bond issuance follows Masdar's inaugural green bond offering in 2023, which raised $750 million and was oversubscribed by 5.6 times. The proceeds from the initial bond have been allocated to projects expected to mitigate 5.4 million tonnes of greenhouse gas emissions annually upon full operation. Masdar's ongoing efforts in green finance are part of a broader strategy to mobilize up to $3 billion through green bonds to support its renewable energy expansion goals. The company's initiatives are in line with global efforts to accelerate the transition to sustainable energy sources and address climate change challenges. ____________________________________
Zawya
15-05-2025
- Business
- Zawya
Abu Dhabi TAQA Q1 net profit slips
Abu Dhabi National Energy Company PJSC, known as TAQA, said its Q1 2025 net profit attributable to shareholders fell 1.5% year-on-year to 2.08 billion dirhams ($566 million) on lower commodity prices and declining output of oil and gas. The integrated utilities company saw revenue rise 3.8% to AED 14.2 billion driven by Transmission and Distribution. TAQA has approved Q1 interim dividend of 0.75 fils per share. (Writing by Brinda Darasha; editing by Seban Scaria)
