Press releases, Reports & Disclosures for Multiply Group PJSC

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Resignation of Chairman and appointment of the replacement for Multiply Group PJSC

On July 9, 2024, Mr. Andre G. Sayegh resigned as Chairman of Multiply Group PJSC’s Board of Directors due to personal reasons and professional commitments. The Board expressed gratitude for his contributions and wished him success in his future endeavors. Mr. Syed Basar Shueb was appointed as the new Chairman effective July 10, 2024. This notification was copied to the Securities and Commodities Authority and the Abu Dhabi Securities Exchange.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Resignation of Chairman and appointment of the replacement for Multiply Group PJSC

On July 9, 2024, Mr. Andre G. Sayegh resigned as Chairman of Multiply Group PJSC's Board of Directors due to personal reasons and professional commitments. The Board expressed gratitude for his contributions to the group's growth and wished him success in his future endeavors. Subsequently, Mr. Syed Basar Shueb was appointed as the new Chairman of the Board of Directors, effective July 10, 2024. This notification was sent to the Securities and Commodities Authority (SCA) and the Abu Dhabi Securities Exchange.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC General Press Release

Omorfia Group, the beauty division of Abu Dhabi-based Multiply Group, has acquired 100% ownership of The Grooming Company Holding (TGCH) from CedarBridge Capital Partners. This acquisition, which includes 47 owned and operated salons and 15 franchises across five countries, aligns with Omorfia Group's strategy for growth through targeted acquisitions. TGCH’s portfolio includes brands like N.BAR, 1847, and Sisters Beauty Lounge, serving over 120,000 customers annually. This move brings Omorfia Group's total to 132 owned and operated salons, reinforcing its leadership in the GCC and MENA beauty sectors. The company plans to expand its footprint through organic growth and strategic partnerships. Leaders from both groups emphasized the benefits of combining their operational capabilities and expertise to enhance service quality and drive sustainable growth.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Announcements

Multiply Group PJSC has announced that Omorfia Group, a subsidiary specializing in beauty and personal care, has acquired 100% ownership of The Grooming Company Holding (TGCH) from CedarBridge Capital Partners. TGCH operates 47 salons and 15 franchises across five countries, offering services to both men and women. The main brands under TGCH include N.BAR, 1847, and Sisters Beauty Lounge, with a combined total of 62 locations. Additionally, Wellbe Trading, a subsidiary of TGCH, is the exclusive distributor of high-end beauty products in the GCC region.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Board Meeting Results held on 03/05/2024 at 15:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC General Press Release

The text provides information about the Q1 2024 financial results of Multiply Group P.J.S.C. The company is listed on the Abu Dhabi Securities Exchange (ADX) under the ticker symbol 'MULTIPLY'. More details can be found on their website.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Financial Results for the Period Ended March 31,2024

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Announcement of Board Meeting to be held on 03/05/2024 at 15:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC AGM Minutes held on 13/03/2024 at 15:30

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC AGM Results held on 13/03/2024 at 15:30

The Multiply Group PJSC held their Annual General Meeting on March 13th, 2024, at their headquarters, with an attendance of 77.33% of the total capital, primarily through electronic voting. The meeting, chaired by Mr. Andre Sayegh, reviewed and approved the company's financial position, the auditor's report, the balance sheet and profit and loss account for the financial year ended 31/12/2023. The assembly also approved the board's proposal for non-distribution of profits to the shareholders and the distribution of remuneration to the board members for the same financial year. The board members were discharged from liability for their activities for the concluded financial year.

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