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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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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Aram Group
ADX Disclosures: ARAM Resumption Notice

The text refers to the independent auditor's review report and the condensed consolidated interim financial statements of ARAM Group Company P.J.S.C and its subsidiary for the nine-month period ending on September 30, 2024, in Sharjah, United Arab Emirates.

1. ADX Disclosures: ARAM Resumption Notice

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Hayah Insurance Company P.J.S.C
ADX Disclosures: HAYAH Resumption Notice

HAYAH Insurance Company P.J.S.C. has released its unaudited condensed interim financial information for the nine-month period ending on September 30, 2024.

1. ADX Disclosures: HAYAH Resumption Notice

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Al Fujairah National Insurance Company
ADX Disclosures: AFNIC Resumption Notice

1. ADX Disclosures: AFNIC Resumption Notice

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Investments PJSC
Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Dubai Investments PJSC reported a net profit after tax of AED 650.51 million for the nine-month period ending September 30, 2024, and AED 241.31 million for the three-month period ending the same date. This represents an 80% and 78% increase, respectively, compared to the previous year when adjusted for a one-off gain. The company's total assets grew to AED 21.81 billion as of September 30, 2024, from AED 21.44 billion at the end of 2023, with equity attributable to shareholders rising to AED 13.58 billion. Khalid Bin Kalban, Vice Chairman and CEO, highlighted the group's strategic focus on sustainable growth and diversification, noting strong performance in the real estate sector and investment portfolio.

1. Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From SHUAA Capital PSC
Disclosure: Press release regarding financial results for the 3rd QTR of 2024

SHUAA Capital, a leading asset management and investment banking platform in the UAE, reported its financial results for the third quarter of 2024. The company reduced its net loss to AED 22 million, a decrease from AED 29.5 million in the previous quarter. SHUAA has been optimizing its balance sheet with valuation adjustments and impairments of legacy investments as part of a major business transformation. In April 2024, SHUAA reached an agreement with bondholders to amend terms, aiming to reduce leverage by over AED 500 million, with plans to issue two Mandatory Convertible Bonds. The company is focusing on increasing Assets under Management, securing new mandates, and strengthening client and creditor relationships. CEO Wafik Ben Mansour expressed satisfaction with the progress and confidence in SHUAA's future growth. Financial highlights include a revenue of AED 19 million for Q3 2024 and a year-to-date net loss of AED 138 million, improved from AED 570 million in the previous year.

1. Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From SHUAA Capital PSC
Disclosure: Detailed Analysis Accumulated Losses

SHUAA Capital psc reported accumulated losses of AED 967 million for Q3 2024, with an accumulated losses to capital ratio of 38.13%. The losses are primarily attributed to fair value losses from impairments and write-offs related to investments, goodwill, and receivables in the UK, legacy real estate assets, and valuation adjustments of an associate's underlying asset. Additional factors include the recognition of a deferred tax liability due to new corporate tax laws in the UAE, receivable write-offs from revised land valuations in the UAE, fair value losses from investments in public market securities and managed investments, and accrued coupons on USD 150 million bonds issued by an affiliated SPV.

1. Disclosure: Detailed Analysis Accumulated Losses

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi National Takaful Co.
ADX Disclosures: TKFL Resumption Notice

The document is a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. for the nine-month period ending on September 30, 2024.

1. ADX Disclosures: TKFL Resumption Notice

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From SHUAA Capital PSC
Disclosure: Financial statements for the 3rd QTR of 2024

SHUAA Capital PSC and its subsidiaries have released their condensed consolidated interim financial information for the period from January 1, 2024, to September 30, 2024.

1. Disclosure: Financial statements for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From SHUAA Capital PSC
Disclosure: Results of BOD Meeting

Shuaa Capital PSC, a licensed investment company regulated by the Securities and Commodities Authority, held a Board of Directors meeting. During this meeting, the board approved the consolidated and audited financial statements for the period ending September 30, 2024, and discussed other company-related matters. The communication was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.

1. Disclosure: Results of BOD Meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From RAPCO Investment PJSC
ADX Disclosures: RAPCO Resumption Notice

RAPCO Investment P.J.S.C has released its unaudited condensed interim financial statements and independent auditor's review report for the nine-month period ending September 30, 2024, in Ras Al Khaimah, United Arab Emirates.

1. ADX Disclosures: RAPCO Resumption Notice

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