Latest Threads on News from companies

GFH Financial Group B.S.C. announced on January 23, 2025, that its investments and commitments in the infrastructure sector for data centers and artificial intelligence in the United States exceed USD 200 million. This confirmation follows a statement made by the CEO at the World Economic Forum in Davos. The investment is expected to have a positive impact on the group's financial performance and increase its returns. The announcement was made by Mariam Jowhary, the Head of Compliance & AML, and bears the company seal.

The document is the consolidated financial statements of Al-Mazaya Holding Company K.S.C. (Public) and its subsidiaries for the year ending December 31, 2024. It includes an independent auditor's report and pertains to the State of Kuwait.

A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. is scheduled for Wednesday, January 29, 2025, at 9 a.m. The agenda includes approving the minutes from the previous meeting on December 11, 2024, approving the financial statements for the year ending December 31, 2024, and related resolutions. Additionally, the meeting will address the approval of the Annual General Meeting agenda, special resolutions, and the date and venue of the meeting, as well as the expected date for publishing the invitation, pending approval from relevant authorities. The letter is signed by Mr. Ahmed Ali Al Jaziri, Board Secretary, and copied to the Securities and Commodities Authority.

The Board of Directors of Amlak Finance PJSC passed a resolution by circulation on January 22, 2025, at 3 PM. The resolution concerns regular internal matters. The information was communicated by Lama Takieddin, Head of Corporate Governance and Company Secretary, with a copy sent to the Securities & Commodities Authority.

Ajman Bank PJSC has prepared its report and consolidated financial statements for the year ending on December 31, 2024. These audited financial statements are pending approval by the Central Bank of the UAE and adoption by shareholders at the Annual General Meeting.

Ajman Bank has reported its highest annual profits in its history, achieving AED 440 million, representing a growth of 213% compared to a net loss of AED 390 million in 2023. The bank's record-breaking performance includes a total operating income of AED 1.5 billion and net operating income of AED 736 million. The bank's return on shareholder equity reached 12.9%, and return on assets was 1.8%. Ajman Bank's strong financial results are backed by a healthy balance sheet, with total assets of AED 23 billion, customer deposits of AED 19 billion, and equity of AED 3.1 billion. Key financial ratios have improved significantly, including a reduction in the non-performing loan ratio from 13.8% to 9.9%, and the ECL coverage ratio has doubled. The bank has proposed a cash dividend of 7.25%.