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The Board of Directors meeting for Invictus Investment Company PLC has been postponed and will now take place virtually on Friday, August 9, 2024, at 3:00 PM UAE time. The agenda for the meeting includes discussing and approving the financial statements for the six-month period ending June 30, 2024, and addressing other general business matters that do not significantly impact the company's share price. The notification is signed by Amir Daowd Abdellatif Ibrahim, the CEO.
The board meeting disclosure for Al Yah Satellite Communications Company PJSC is scheduled for 29 July 2024 at 4:00 PM UAE local time. The agenda includes considering and approving the company's financial statements for the period ending 30 June 2024, as well as discussing general business, operational, and strategic items that do not affect the company's share price. The authorized signatory for this disclosure is Clint Irwin Fransquinho de Barros, the Board Secretary.
The document is a management discussion and analysis of the financial results for the first half of 2024, released in Abu Dhabi, UAE, on July 24, 2024.
Aldar Properties PJSC, a prominent real estate developer in the UAE, announced plans to develop a Grade A office tower on Sheikh Zayed Road near the Dubai International Financial Centre (DIFC). The project will feature a net leasable area of 88,000 sqm and will include a luxury boutique hotel and branded residences. Additionally, Aldar has signed an agreement to acquire '6 Falak,' a fully occupied Grade A office building in Dubai Internet City. These investments, totaling AED 1.8 billion, aim to expand Aldar's presence in Dubai's key business districts and align with its strategy to provide premium office spaces.
Aldar Properties PJSC announced plans to develop a Grade A office tower on Sheikh Zayed Road near the Dubai International Financial Centre (DIFC). The tower will feature a net leasable area of 88,000 sqm and will include a luxury boutique hotel and branded residences. Additionally, Aldar has signed an agreement to acquire '6 Falak,' a fully occupied Grade A office building in Dubai Internet City. These investments, totaling AED 1.8 billion, aim to expand Aldar's presence in Dubai's key business sectors and align with its strategy to provide premium office spaces in major business districts.
Aldar Properties PJSC has announced plans to develop a Grade A office tower on Sheikh Zayed Road near the Dubai International Financial Centre (DIFC), featuring a net leasable area of 88,000 sqm, a luxury boutique hotel, and branded residences. Additionally, Aldar has signed an agreement to acquire the fully occupied Grade A office building '6 Falak' in Dubai Internet City. These investments, totaling AED 1.8 billion, aim to expand Aldar's presence in Dubai's key business sectors and align with its strategy to provide premium office spaces in major business districts.
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced its financial results for the first half of 2024. Key highlights include: - The balance sheet expanded to AED 323 billion, up 2.7% year-to-date (YTD). - Total income increased by 21% year-over-year (YoY) to AED 11.3 billion. - Pre-tax profit grew by 18% YoY to AED 3.72 billion. - Group net profit rose 8.6% YoY to AED 3.378 billion. - Net financing and sukuk investments reached AED 278 billion, up 3.8% YTD. - Customer deposits increased by 5.4% YTD to AED 234 billion, with CASA deposits now at 42%. - Impairment charges decreased by 32% YoY to AED 652 million. - Non-performing financing improved to 4.99%, down 41 basis points YTD. - The cost-to-income ratio increased by 140 basis points YoY to 27.8%. - Liquidity coverage ratio remains robust at 145.9%. - Return on assets (ROA) and return on tangible equity (ROTE) remained stable at 2.2% and 18%, respectively. - Common equity tier 1 (CET1) ratio stood at 13.7% and capital adequacy ratio (CAR) at 18.1%, indicating a well-capitalized entity. These results demonstrate DIB's strong financial performance and growth in various key metrics.
Dubai Islamic Bank P.J.S.C. has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2024.