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Burjeel Holdings PLC has released its interim condensed consolidated financial statements for the nine-month period ending on September 30, 2024. These statements are unaudited.
GFH Financial Group B.S.C. announced a partnership with Infracorp and Kempinski to launch the Harbour Heights Kempinski Hotel and exclusive branded residences. This announcement was made during the Gateway Gulf Forum 2024. The investment is expected to positively impact the group's financial statements and increase returns. The announcement was signed by Mariam Jowhary, Head of Compliance and AML.
The document is a review report and interim condensed consolidated financial statements for Orient Insurance PJSC and its subsidiaries, dated September 30, 2024. The financial statements are unaudited.
Al Ramz Corporation PJSC, a financial services provider in the UAE, announced a net profit of AED 9.2 million for the third quarter of 2024. The company saw a 49% increase in corporate finance and advisory revenues and was designated as the liquidity provider for several companies, including ADNOC Drilling Company PJSC and Abu Dhabi Ports Company PJSC. Despite regional geopolitical challenges impacting capital markets, Al Ramz remains focused on sustainable growth through investments in digital trading, market making, asset management, and credit services. The digital trading platform saw significant user growth, with a 112% increase from the previous quarter. The platform now offers full Arabic language support and received the "Mobile App of the Year" award from Entrepreneur Middle East's Leaders in Fintech Awards 2024.
Resolution No. (498) of 2024 involves the temporary suspension of trading for the shares of Emirates Insurance Co. on the Abu Dhabi Securities Exchange (ADX) starting at 11:00 on November 11, 2024. This suspension is due to a Board of Directors meeting scheduled at the same time. Trading will remain suspended until ADX receives the results of this meeting. The resolution mandates that all department heads at ADX execute the suspension as per their responsibilities. Additionally, the resolution will be distributed to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on November 4, 2024.