Press releases, Reports & Disclosures for Fujairah Building Industries P.S.C

Fujairah Building Industries P.J.S.C. and its subsidiaries have released their unaudited condensed consolidated interim financial statements for the period ending on 30 September 2024.

The Directors' Report for the nine-month period ending 30 September 2024 for Fujairah Building Industries P.J.S.C. and its subsidiaries highlights the group's unchanged principal activities, which include manufacturing and distribution of building materials and quarry operations. Financial performance shows an increase in revenue and net profit from continuing operations compared to the previous year. The general assembly approved a cash dividend distribution of AED 40.8 million. The Board of Directors maintains confidence in the group's ability to continue operations, adopting a going concern basis for financial statements. No significant events occurred after the reporting period. KPMG Lower Gulf Limited was reappointed as the independent auditors for 2024. The report is signed by Chairman Ahmed Saeed Mohammed Alraqbani.

Resolution No. 490 of 2024 concerns the temporary suspension of trading for the shares of Fujairah Building Industries P.S.C. This decision is in accordance with Article 16 of the regulations for listing securities on the Abu Dhabi Securities Exchange (ADX). The suspension will begin at 11:00 on November 7, 2024, coinciding with the company's Board of Directors meeting, and will continue until ADX receives the results of this meeting. All relevant departments at ADX are instructed to implement this resolution, which will be distributed to the Securities and Commodities Authority (SCA), the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person and was issued on October 28, 2024.

Fujairah Building Industries P.J.S.C. and its subsidiaries have released their unaudited condensed consolidated interim financial statements for the period ending 30 June 2024.

The Board of Directors of Fujairah Building Industries P.J.S.C. presented the reviewed condensed consolidated interim financial statements for the six-month period ending 30 June 2024. The Group's principal activities remain unchanged, including the manufacturing and distribution of various building materials and products. Financial performance highlights for the period include: - Revenue: AED 95,791,315 (up from AED 86,073,396 in the same period in 2023) - Gross profit: AED 35,292,547 (up from AED 31,315,585) - Gross profit margin: 37% (up from 36%) - Profit from continuing operations: AED 10,719,225 (up from AED 7,452,949) - Loss from discontinued operations: AED 3,325 (down from AED 19,408) - Net profit: AED 10,715,900 (up from AED 7,433,541) A cash dividend of AED 40.8 million (30% of share capital) was approved on 6 March 2024. The Board expects the Group to continue its operations for the foreseeable future and has adopted the going concern basis for preparing the financial statements. No significant events occurred after the reporting period that would affect the Group's results. KPMG Lower Gulf Limited was reappointed as the independent auditors for 2024 in the Annual General Meeting held on 6 March 2024. The report is signed by Chairman Ahmed Saeed Mohammed Alraqbani on 25 July 2024.

Resolution No. (434) of 2024 announces the temporary suspension of trading in the shares of Fujairah Building Industries P.S.C. starting from 11:00 AM on July 25, 2024, until the Abu Dhabi Securities Exchange (ADX) receives the results of the company's Board of Directors meeting scheduled for the same time. The resolution mandates all department heads at ADX to implement this decision within their respective areas and requires the resolution to be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on July 15, 2024.