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Amanat Holdings PJSC has released its consolidated financial statements for the period ending on December 31, 2024. For more information, visit their website at www.amanat.com.
The preliminary results for Emirates Reem Investments Company PJSC for the year ending December 31, 2024, are outlined. The company was established on January 1, 1980, with a paid-up, subscribed, and authorized capital of AED 319,871,064. The Chairman of the Board is H.E. Mohamed Haji Alkhoori, and the General Manager is Mrs. Eman Waqas Pervaiz. Deloitte & Touche (M.E.) serves as the external auditor. The company's mailing address is P.O. Box 5567, Al Quoz, Dubai, UAE, with contact details including a telephone number of +971 04 3335566, a fax number of +971 04 3335558, and an email address of Jyotica.Kapoor@erc.ae.
Al Masar Education Company does not include the real estate assets of North London Collegiate School Dubai (NLCS) in its financial results. These assets are, however, included in the financial results of Amanat's Education business.
Amanat Holdings PJSC has released its consolidated financial statements for the year ending on December 31, 2024. For more details, visit their website at www.amanat.com.
Air Arabia announced a record pre-tax profit of AED 1.6 billion for the year ending December 31, 2024, a 4% increase from the previous year. The airline's revenue grew by 11% to AED 6.63 billion, and passenger numbers rose by 12% to 18.8 million. The fourth quarter saw a net profit increase of 56% to AED 351 million, with quarterly revenue exceeding AED 1.65 billion. The Board of Directors proposed a cash dividend of 25 fils per share. In 2024, Air Arabia expanded its network by adding 31 new routes, leading to a 13% increase in operational capacity and a 2% rise in seat load factor to 82%.