Latest Threads on News from companies

The Board of Directors of Emirates NBD Bank (P.J.S.C) is scheduled to meet on Wednesday, 16 October 2024, at 3:30 PM. The agenda includes approving the minutes of the previous board meeting, reviewing the financial results for the three-month period ending 30 September 2024, and discussing any other business. The letter is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and is sent with a copy to the Securities & Commodities Authority. The letter is signed by Dr. Ahmed Saeed Alkhalfawi, the Group Company Secretary of Emirates NBD Bank.

The Board of Directors of Emirates Islamic Bank (P.J.S.C) is scheduled to meet on Wednesday, 16 October 2024, at 3:00 pm. The agenda includes approving the minutes of the previous board meeting, reviewing the financial results for the three-month period ending 30 September 2024, and discussing normal business activities. The communication is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and is sent by Dr. Ahmed Saeed Alkhalfawi, the Group Company Secretary of Emirates NBD Bank (P.J.S.C). A copy of the communication is also sent to the Securities & Commodities Authority.

GFH Financial Group B.S.C. announced that the Capital Markets Authority in Kuwait has issued a license for GFH Capital Kuwait to operate as a Subscription Agent, effective from October 10, 2024. This new development is expected to expand GFH's geographic presence and client base, and positively impact its placement activities and returns. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Response Plus Holding PJSC, a major provider of pre-hospital care and emergency medical services in the UAE and KSA, reported a 30% increase in revenue, reaching AED 323.03 million in the third quarter of 2024. The company's net profit before tax rose by 15% to AED 43.49 million. Earnings per share increased to 20 Fils, and EBITDA grew by 26% to AED 55.90 million. Total assets rose to AED 351.22 million, and total equity was AED 233.1 million as of September 30, 2024. CEO Dr. Rohil Raghavan highlighted the company's growth across its business verticals and recent acquisition of Prometheus Medical International, which has enhanced their capabilities. Dr. Raghavan emphasized the company's strong project pipeline and commitment to targeting sectors with long-term growth potential globally.

ADNOC announced that it will finalize the acquisition of a controlling stake in Fertiglobe, increasing its shareholding to 86.2%. The acquisition of OCI’s 50% + 1 share stake in Fertiglobe has received all necessary approvals and is set to close on October 15, 2024. A block trade will occur on October 11, 2024, and settle on the closing date. Fertiglobe will maintain a 13.8% free float on the ADX. A conference call for investors and analysts is scheduled for October 15, 2024, to discuss the company's future growth and value strategies.

International Holding Company PJSC (IHC) has issued a notice to warn the public about scams using the company's name, employee names, and logo to promote fraudulent investment opportunities and tenders. These scams ask individuals or entities for personal, business, and financial information, as well as credit card or bank details. IHC emphasizes that it will never request such information or payments through email or other means. If you receive such a request, treat it with caution and do not provide any sensitive information. To verify the legitimacy of communications, ensure they come from an "@ihcuae.com" domain. IHC advises staying informed about its latest news via its official website or through regular news and disclosures on ADX.