Latest Threads on News from companies

On 9th May 2024, GFH Financial Group B.S.C. announced that it has acquired 12.346% of the shares in Seef Properties B.S.C. The company expects that this transaction will have a positive impact on its financials. The announcement was made by Mariam Jowhary, the Head of Compliance & AML of GFH Financial Group B.S.C.

Aramex, a global logistics and transportation solutions provider, has reported its Q1 2024 financial results. The company's net profit doubled compared to the same period in the previous year. Group revenue grew by 8% YoY, with solid contributions from all products. International Express and Domestic Express were key drivers of this growth, while Freight Forwarding showed resilience with a 3% increase amid global shipping challenges. The company's focus on sales and operational efficiency resulted in improved margins across Gross Profit, EBIT, and EBITDA. Aramex maintains a strong cash position of AED 571 million and a Net Debt-to-EBITDA ratio of 0.8x.

The text refers to the unaudited interim condensed consolidated financial statements of Aramex PJSC and its subsidiaries as of 31st March 2024. This document will provide a summary of the company's financial performance and position for this period, though it has not been audited by an independent party.

On 9th May 2024, Aramex PJSC held a board meeting from 3:00 PM to 5:45 PM UAE time, with 100% quorum from the nine board members present. The company's unaudited interim condensed consolidated financial statements for Q1 2024 were approved. Additionally, the company's business updates and routine matters were discussed. The meeting was authorized by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

The text refers to the unaudited interim condensed consolidated financial information for Al Mazaya Holding Company K.S.C. (Public) and its subsidiaries, based in Kuwait, for the period ended March 31, 2024. The report also includes a review of this financial information.

The Islamic Arab Insurance Company, SALAMA (PSC), has scheduled a board meeting on Tuesday, 14th May 2024 starting at 03:00 pm. The agenda includes the review and approval of the minutes from the last board meeting held on 29th March 2024, review and approval of the Financial Statements for the first quarter ending 31st March 2024, and discussion of other general matters. The announcement is authorized by Khaled Barakat, the General Counsel of the company.

The text is a formal notification dated 9th May 2024, addressed to Dr. Maryam Butti Al Suwaidi, CEO of Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market. The document, sent by Sean Magee, the Company Secretary of National Central Cooling Company (PJSC), is to inform them about a board meeting scheduled for 14th May 2024. The meeting will review the financial results for the first quarter ended 31 March 2024 and discuss the business and operations of the company. This notification is in accordance with Article 36/11 of the Disclosure and Transparency Regulations number (3) for the year 2000 (as amended).