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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Invitation of General Assembly

GFH Financial Group B.S.C. is inviting its shareholders to the Annual and Extraordinary General Meeting on March 13, 2025, at GFH House, Bahrain Financial Harbour. If a quorum is not met, subsequent meetings are scheduled for March 20 and March 27, 2025. The agenda includes ratifying previous meeting minutes, discussing reports on the group's business activities, and approving the financial statements for 2024. The board recommends allocating profits, including transferring funds to reserves and distributing dividends. The meeting will also address remuneration for the board, corporate governance, transactions with related parties, share buybacks, and the appointment of external auditors. The Extraordinary General Meeting will focus on approving the issuance of financial instruments to improve capital ratios. Shareholders are advised to follow specific procedures to attend, including submitting proxy forms in advance. Special accommodations are available for individuals with special needs. For inquiries, shareholders can contact the Investor Relations Department.

1. Disclosure: Invitation of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on DEYAAR shares starting from 11:00 AM as its BOD meeting is being held today, 20-02-2025 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on DIN shares starting from 11:30 AM as its BOD meeting is being held today, 20-02-2025 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates NBD PJSC
Disclosure: Nominees for Board of Directors membership

1. Disclosure: Nominees for Board of Directors membership

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Islamic Bank PJSC
Disclosure: Nominees for Board of Directors membership

1. Disclosure: Nominees for Board of Directors membership

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Taxi Company PJSC
Disclosure: Corporate Governance Report for the year 2024

1. Disclosure: Corporate Governance Report for the year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Taxi Company PJSC
Disclosure: Press release regarding financial results for the year 2024

Dubai Taxi Company PJSC (DTC) reported a 19% year-on-year growth in EBITDA for FY 2024, reaching AED 584.4 million, with revenue increasing by 12% to AED 2.20 billion. The company completed 49 million trips across its taxi and limousine segments, marking a 6% increase from the previous year, and expanded its operational taxi fleet by 744 vehicles, raising its market share to 47%. The EBITDA margin improved by 1.6 percentage points to 27%, and net profit rose 18% to AED 331.3 million, excluding interest and tax. DTC launched a new five-year strategy focused on innovation and excellence and reported a successful partnership with Bolt, completing over one million trips between December and mid-January. The Board of Directors recommended final dividends of AED 122.3 million, totaling AED 281.6 million for the year. The growth was supported by Dubai's population and tourism increase, as well as urban expansion. The taxi segment's revenue rose by 12% to AED 1.92 billion, and the limousine segment saw an 8% revenue increase to AED 124.5 million. The bus segment also performed well, with an 11% revenue increase to AED 119.2 million.

1. Disclosure: Press release regarding financial results for the year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Taxi Company PJSC
Disclosure: Financial statements for the year 2024

1. Disclosure: Financial statements for the year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Taxi Company PJSC
Disclosure: Results of BOD Meeting

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on February 19, 2025, at the company's headquarters, where they achieved quorum and addressed several key items. They approved the board's report and audited financial statements for 2024, decided to convene the Annual General Meeting on March 19, 2025, pending approval from the Securities and Commodities Authority, and proposed distributing cash dividends for the second half of 2024 totaling AED 122,308,369, representing 85% of the net profit. The board also resolved to seek shareholder approval to amend the company's articles of association regarding the definition of "Government Shareholder," subject to prior approval from the Securities and Commodities Authority. Additionally, the Corporate Governance Report for 2024 and other operational and internal matters were discussed.

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Gulf Navigation Holding PJSC
Disclosure: Invitation of General Assembly

1. Disclosure: Invitation of General Assembly

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