Latest Threads on News from companies

The Board of Directors of Watania International Holding (PJSC) invites shareholders to attend the company's Annual General Assembly Meeting on Wednesday, April 23, 2025, at 2:00 pm. The meeting will be held at the 13th Floor, Building 2, The Galleries, Jebel Ali Downtown, Dubai, UAE, and will be available in a hybrid format, allowing participation in person or via video conferencing with electronic voting through www.smartagm.ae. The agenda includes approval of the Board and Auditor's reports, discussion of the company's financial statements, consideration of a recommendation not to distribute dividends, approval of Board remuneration, discharge or dismissal of Board members and auditors, appointment of external auditors for 2025, and election of the Board of Directors for the 2025-2028 term.

Taaleem Holdings PJSC, a leading K-12 premium education provider in the UAE, reported strong financial results for the first half of the 2024/25 fiscal year. The company achieved an 18.2% year-over-year increase in operational revenues, reaching AED 648.8 million, and a 15.4% rise in net profit to AED 160.2 million, maintaining a profit margin of 24.7%. Premium school enrolment grew by 18.8%, while government partnership schools saw a 2.2% increase. Taaleem expanded its premium school capacity by 28.0% and added new schools, including the acquisition of Lycée Libanais Francophone Privé Meydan. The company also secured a land lease on Saadiyat Island for a new super-premium school in Abu Dhabi. Despite higher expenses, EBITDA increased by 13.0% to AED 251.2 million.

Taaleem Holdings P.J.S.C. and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the six-month period ending on February 28, 2025.

A board meeting for Taaleem Holdings PJSC took place on Thursday, 27 March 2025, from 3:00 PM to 5:00 PM. All nine board members were present, achieving a 100% quorum. During the meeting, the Board of Directors approved the Interim Condensed Consolidated Financial Statements for the six-month period ending on 28 February 2025 and agreed to publish them. The meeting was authorized by Khalid Al Tayer, the Chairman of the Board of Directors.

GFH Financial Group B.S.C. announced on March 27, 2025, details related to the Ordinary and Extraordinary General Meetings held earlier. The announcement includes the minutes of the meetings, which had a quorum of 46.42%, a report on the quorum, a voting report on the agenda items, and observations from shareholders or their representatives. The announcement was made by Mariam Jowhary, the Head of Compliance and Anti-Money Laundering, and was sealed with the company stamp.

The Dubai Financial Market (DFM) announced an adjustment to its Equity Futures Contracts for EMPOWER due to a cash dividend payment of AED 0.0425 per share, effective March 28, 2025. This adjustment affects futures contracts for April, May, and June 2025, with each contract having a price adjustment ratio of 0.974398. The adjusted prices will serve as reference prices for trading on March 28, 2025. The announcement is available on the DFM website, and the information provided is subject to change, with the DFM Regulated Derivative Contract Trading Regulation taking precedence in case of inconsistencies.