{"id":105784,"date":"2025-07-22T00:00:00","date_gmt":"2025-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/binghatti-rakbank-post-strong-1h-earnings\/"},"modified":"2025-07-22T00:00:00","modified_gmt":"2025-07-22T00:00:00","slug":"binghatti-rakbank-post-strong-1h-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/07\/22\/binghatti-rakbank-post-strong-1h-earnings\/","title":{"rendered":"Binghatti, Rakbank post strong 1H earnings"},"content":{"rendered":"<p class=\"tag-border-left\"> BINGHATTI- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based real estate developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.binghatti.com\/\" style=\"\" rel=\"noopener\">Binghatti Holding<\/a><\/strong><strong> reported a net income <\/strong><strong>of <\/strong><strong>AED 1.8<\/strong><strong> bn in 1H 2025<\/strong>, a 172.3% y-o-y jump <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/27969a3c-2457-4817-a013-30bf83ff2d24\/final-trickles-of-earnings-season\" style=\"\" rel=\"noopener\">from 1H 2024<\/a>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1316.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Revenues also saw a big jump, reaching AED 6.3 bn during the six-month period, up from AED 2.2 bn during the same period last year.<\/p>\n<p dir=\"ltr\" style=\"margin-top: 0pt; margin-bottom: 0pt; line-height: 1.38;\">(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The results come on the back of a busy 1H for Binghatti<\/strong>, during which it launched an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b41b25be-ec1e-42fc-b65f-511f9d4d0894\/binghatti-enters-asset-management-space,-eyes-usd-1-bn-in-investments\" style=\"\" rel=\"noopener\">asset management arm<\/a> to handle up to USD 1 bn in shariah-compliant private credit and real estate investments, and acquired freehold land in Dubai\u2019s Meydan district for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0c890ca3-0425-4b97-bcf7-c1c1bddb2f09\/dubai-is-getting-more%253cmark%253e-real%253c%2Fmark%253e%253cmark%253e-estate%253c%2Fmark%253e-megaprojects\" style=\"\" rel=\"noopener\">an AED 25 bn development<\/a>. The firm currently has almost 30 projects underway and is also exploring <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9737b54b-161c-4e7c-8375-a02d7d909d16\/finance-ministry-to-hold-dialogue-with-state-owned-gcc-firms-next-week-%2B-adia-still-after-db-schenker\" style=\"\" rel=\"noopener\">real estate tokenization<\/a>, with plans to enable investors to enter the market with as little as AED 500.<\/p>\n<p class=\"tag-border-left\"> RAKBANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The National Bank of Ras Al Khaimah (Rakbank) saw its bottom line come in at AED<\/strong><strong> 669.3 mn during 2Q 2025<\/strong>, up 29.8% y-o-y, according to the bank's <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1334.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The lender recorded AED 1.3 bn in operating income, up 8.2% y-o-y, as non-interest income rose to AED 361.8 mn. This is up 24% y-o-y and was driven by diversified fee income, FX revenues, and investment gains, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1335.pdf\" style=\"\" rel=\"noopener\">separate earnings release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six month basis,<\/strong> operating income totaled AED 2.6 bn, a 9.5% uptick y-o-y. The lender\u2019s bottom line rose 26.1% to AED 1.4 bn. Net interest income fell marginally during the period, but non-interest income grew 35.6% to AED 795.2 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binghatti\u2019s net income more than doubled in 1H<\/p>\n","protected":false},"author":1,"featured_media":105785,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[920,237,7,719,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-105784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-binghatti","tag-earnings-watch","tag-enterpriseam-uae","tag-rakbank","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"2f34cab9-b468-4832-957f-2928f59c0a72","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2537.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Binghatti, Rakbank post strong 1H earnings","related_issue":[105765],"teaser":"Binghatti\u2019s net income more than doubled in 1H","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.1f0bafe6-db51-481b-8a43-dd5a73b335c5.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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