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Threads on regulatory news from companies
Threads on regulatory news from companies
The Abu Dhabi Securities Exchange has announced that Borouge PLC's Annual General Assembly meeting will be held on Thursday, 28 March 2024, at 3 p.m. UAE time. The invitation and meeting agenda will be published in two daily newspapers in both English and Arabic on Thursday, 7 March 2024. Along with the announcement, the AGM invitation and a disclosure regarding AGM proxies are attached. A copy of the notification has been sent to the Securities and Commodities Authority (SCA).
Ooredoo, a telecommunications company, held its Annual General Meeting where the company's Corporate Governance Report and financial statements were approved by shareholders. The Board of Directors' recommendation to distribute a cash dividend of QAR 0.55 per share was also approved. The company reported a net profit of QAR 3 billion for 2023, an increase of 28% from the previous year. Revenue also increased by 2% to QAR 23.2 billion, driven by strong performance in Iraq, Algeria, Kuwait, and the Maldives, despite a decline in Qatar, Myanmar, and Palestine due to foreign exchange depreciation. The company's EBITDA was QAR 9.7 billion, up by 4% year-on-year.
The document is a director's report and consolidated financial statements of Burjeel Holdings PLC for the fiscal year ending on 31st December 2023. The report provides a detailed overview of the company's financial performance and activities during the year.
MBME Pay Payment Services Provider, a subsidiary of MBME Group, has signed an agreement with Deem Finance L.L.C. The objective of the agreement is to allow customers to take advantage of the digital services provided by MBME. The services aim to meet customer aspirations and keep up with the digital development currently being experienced. The agreement is seen as a significant milestone in the evolution of MBME Group.
The document is Emirates Insurance Company's Corporate Governance Report for the financial year ending 31st December 2023.
The GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. have announced that they are in discussions for GFH to acquire Ithmaar's financing and investment portfolios. The discussions are subject to due diligence and regulatory approvals, and shareholders will be informed of any further developments. The transaction is expected to have a positive and significant impact on the financials and increase the returns for the Group. The announcement was made by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group.