Latest Threads

Resolution No. 521 of 2024 announces the temporary suspension of trading on the shares of Investcorp Capital PLC due to the company's failure to submit its financial statement. The suspension will begin on November 13, 2024, and will remain in effect until further notice. The resolution mandates that all department heads at the Abu Dhabi Securities Exchange (ADX) implement the decision within their respective areas. Additionally, the resolution will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all ADX-accredited brokers. The resolution has been approved by the authorized person and was issued on November 13, 2024.

Gulf Cement Company P.S.C. has released its unaudited interim condensed financial statements as of September 30, 2024.

Salik Company PJSC, Dubai’s exclusive toll gate operator, reported a 12.5% increase in profit before tax for the first nine months of 2024, reaching AED 903.3 million. The company’s revenue for this period was AED 1,640.9 million, a 6.2% year-on-year increase, supported by a positive macroeconomic environment and tourism trends. Revenue-generating trips totaled 355.6 million, up 5.1% year-on-year. Net profit after tax rose 2.4% year-on-year to AED 822.0 million, despite the new 9% UAE corporate tax. Salik expects revenue-generating trips to increase by 24-25% in 2025, following the launch of two new toll gates and a parking partnership with Emaar at Dubai Mall. The company maintains its guidance for a 7-8% revenue growth in 2024, anticipating a strong fourth quarter.

Sharjah Cement and Industrial Development Co. (PJSC) and its subsidiary have released their unaudited interim condensed consolidated financial statements as of September 30, 2024.