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Agthia Group PJSC held a virtual Board of Directors meeting on November 6, 2024. During the meeting, the Board approved the reviewed financial statements for the period ending September 30, 2024, along with the Management Discussion & Analysis Report. Additionally, the Board discussed other routine business matters. The meeting details were communicated to the Abu Dhabi Securities Exchange and the Securities and Commodities Authority.

Agthia Group PJSC reported solid financial results for the first nine months of 2024, with a 10.3% year-on-year increase in net revenue to AED 3.6 billion, driven by growth across all business segments. The Group's EBITDA rose by 15.5% and net profit by 24.0%, with improvements in margins due to operational efficiencies and disciplined cost management. Despite currency devaluation in Egypt, adjusted revenue growth was 18.4%. The Snacking segment saw a 14.2% revenue increase, led by coffee sales, while Protein & Frozen recorded a modest 1.1% growth, significantly impacted by currency devaluation but showing strong growth when adjusted for this factor. The Water & Food segment grew by 5.8%, bolstered by premiumization and innovation in the water category, and the closure of the loss-making Yoplait Dairy Business. Agri-Business achieved an 18.3% revenue increase, driven by volume growth in Animal Feed. Agthia maintains its full-year guidance of 10%-12% revenue growth, with expectations of further margin improvements.

Agthia Group PJSC held a Board of Directors meeting on November 6, 2024, via virtual conference. During the meeting, the Board approved the reviewed financial statements for the period ending September 30, 2024, along with the Management Discussion & Analysis Report. Additionally, other routine business matters were discussed. The meeting details were communicated to the Abu Dhabi Securities Exchange and a copy was sent to the Securities and Commodities Authority in Abu Dhabi.

Abu Dhabi Ship Building PJSC (ADSB) has formed a strategic partnership with Brazilian company SIATT to integrate the MANSUP Surface-to-Surface Missile launcher onto the newly launched RABDAN FA-400 Fast Attack vessel. This collaboration, announced at Euronaval 2024 in Paris, enhances the vessel's strike capabilities with a precise, long-range missile system. Both companies are part of the EDGE Group, which owns a 50% stake in SIATT. The integration of the missile system is being done at no additional cost. ADSB CEO David Massey emphasized the enhancement of the RABDAN FA-400's capabilities, while SIATT highlighted the partnership as a key milestone in expanding its presence in the UAE's defense sector. The RABDAN FA-400, equipped with the MANSUP missile system, will be showcased at the Naval Defence Exhibition & Conference (NAVDEX) in February 2025. ADSB is a leader in the construction and maintenance of naval and commercial vessels and aims to make a global impact with innovative solutions.

Abu Dhabi Ship Building (ADSB) has partnered with Dynateq International to integrate advanced gun systems onto the RABDAN FA-400 Fast Attack vessel. The agreement was signed at Euronaval 2024 in Paris by the CEOs of both companies. ADSB aims to enhance the vessel's firepower to meet maritime challenges, while Dynateq seeks to demonstrate its weaponry's precision and reliability. The RABDAN FA-400 will be showcased at NAVDEX in Abu Dhabi in February 2025. ADSB is a leader in naval and commercial vessel services and aims to impact the global market with innovative solutions.