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Threads on regulatory news from companies
Threads on regulatory news from companies
ADNOC Gas announced a record net income of $1.19 billion for the second quarter of 2024, marking a 21% year-on-year increase. The company's revenue for the quarter was $6.076 billion, driven by stronger domestic gas growth due to increased population and industrial activity in the UAE. EBITDA grew by 18% year-on-year to $2.09 billion, with an EBITDA margin of 34%. The company approved an interim dividend of $1.706 billion, up 5% from 2023, with a total of $3.41 billion to be distributed for the full year. ADNOC Gas fulfills over 60% of the UAE's gas demand and supports the growth of key industrial sectors, including petrochemicals.
Shuaa Capital PSC has scheduled a Board of Directors meeting at 3:00 PM on Wednesday, August 14, 2024. The agenda includes the approval of the company's consolidated and audited financial statements for the period ending June 30, 2024, the follow-up on shareholder resolutions from the company's annual general meeting, and other company-related matters. The meeting will be held at the company's headquarters located at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE.
On 9 August 2024, Tabreed, the National Central Cooling Company (PJSC), held an earnings call at 3 PM to discuss its financial results for the period ending 30 June 2024. The documents related to the earnings call are available on the company's Investor Relations website. This information was communicated to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The letter was signed by Sean Magee, the Company Secretary.
On August 9, 2024, a disclosure was made regarding a board meeting for Takaful Emarat Insurance PSC, scheduled for Tuesday, August 13, 2024, at 12:30 PM via MS Teams. The agenda includes the approval of a new Board member to replace Mr. Saeed Al Sharid, the review and approval of the company's unaudited interim condensed consolidated financial statements for the second quarter and the six months ending June 30, 2024, and a discussion on business updates. The disclosure was signed by Mohammed Abu Quora, the Chief Executive Officer, on August 9, 2024, and includes the company’s seal.