Latest Threads on News from companies

The document is the Management Discussion and Analysis Report for Commercial Bank International's third quarter financial results in 2024.

The Board of Directors of EMSTEEL Building Materials PJSC is scheduled to meet on October 28, 2024, at 5:15 PM. The agenda includes the election of the Chairman and Vice-Chairman of the Board and the formation of the Board's committees. This notification is from Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, and a copy has been sent to the Securities and Commodities Authority.

Emirates Telecommunications Group Company (e&) has successfully acquired a controlling stake in PPF Telecom's assets in Bulgaria, Hungary, Serbia, and Slovakia, forming a new entity called e& PPF Telecom. This acquisition aligns with e&'s strategy to expand into Central and Eastern Europe, a region with strong economic growth and a stable regulatory environment. The acquisition aims to enhance e&'s growth and ability to offer innovative telecom and digital services. e& PPF Telecom includes brands like Yettel Bulgaria, Yettel Hungary, Yettel Serbia, and O2 Slovakia, serving over 10 million customers with strong financial performance. The transaction, valued at €2.15 billion with additional adjustments, includes potential earn-out payments and options for future share transactions. The acquisition will be consolidated under e&'s international operations starting November 2024.

GFH Financial Group announced the successful pricing of a US$500 million 5-year Sukuk, as part of its international Sukuk program. The final orderbook exceeded US$2 billion, indicating an oversubscription of more than four times. The transaction was priced approximately 240 basis points tighter than GFH's previous issuance in 2020, compared to the US Treasury benchmark. International investors were allocated more than 50% of the issuance, with the rest going to regional and local investors. This transaction is expected to positively impact the financials and increase returns for the Group.

The Emirates Driving Company PJSC has scheduled a Board of Directors meeting for Wednesday, October 30, 2024, at 12:00 pm. The agenda includes discussing business matters and the progress of company projects. The authorized signatory for this disclosure is Khaled Al Shemeili, the Chief Executive Officer, with the document dated October 24, 2024.

Aldar Properties PJSC has scheduled a board meeting for Tuesday, 29th October 2024, at 9:00 am. The agenda includes discussing the company's financial performance for the third quarter of 2024 and considering general business, operational, and strategic matters. The authorized signatory for this disclosure is Mohammad H. Abedalrahman, who holds the position of Company Secretary.

The text is a formal notification regarding a scheduled Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is set to take place on Monday, October 28, 2024, at 10:00 AM. The agenda includes regular company matters and any other business deemed necessary. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, both in the United Arab Emirates. The message concludes with a courteous closing from Nader Muqbel, the Investor Relations Director at Gulf Navigation Holding PJSC.

Mones El Madani, an independent and non-executive board member of Takaful Emarat Insurance PSC, has resigned from the company's Board of Directors for personal reasons. The resignation was accepted on October 22, 2024, and became effective on the same date. The announcement was authorized by Mohammed Abu Quora, the Chief Executive Officer, and was documented on October 23, 2024.