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The Board of Directors of Investcorp Capital plc held a meeting on Tuesday, 12 November 2024, at 19:45 UAE Time via video conferencing. During the meeting, they approved the company's reviewed financial statements for the three-month period ending on 30 September 2024.
RAK Ceramics PJSC has released its earnings presentation for the third quarter and the first nine months of 2024.
GFH Financial Group BSC is registered as an Islamic wholesale bank with the Central Bank of Bahrain under commercial registration number 44136. Its registered office is located on the 2nd Floor of Harbor House, Building Number 1436, Block 346, Road 4626, in Manama, Kingdom of Bahrain. The contact telephone number is +973 17538538. The board of directors includes Abdulmohsen Rashed Alrashed as Chairman (from March 2024), Ghazi Faisal Ebrahim Alhajeri as Vice Chairman, and several other members, with some changes effective from March 2024. Hisham Ahmed Alrayes serves as the Chief Executive Officer. The auditors are KPMG Fakhro. The financial information provided is as of 30 September 2024.
GFH reported a net profit of $87.95 million attributable to shareholders for the first nine months of 2024, marking an 11.4% increase compared to the previous year. The total income for the same period was $486.49 million, up 42.9% year-on-year. For the third quarter of 2024, the company earned $154.26 million in total income, with a net profit of $27.20 million, reflecting year-on-year increases of 24.2% and 11.9%, respectively. Key activities included co-investments in a US renewable energy platform and a European maritime ship leasing platform, acquisitions in industrial cold storage and student housing, and the successful oversubscription of a $500 million Sukuk program. Additionally, GFH participated in the Future Investment Initiative in Riyadh and launched an AI-powered mobile app. The company also partnered with Edamah to develop the first surf park in the Middle East and North Africa region.
On 12th November 2024, HAYAH Insurance Company P.J.S.C held a Board of Directors meeting from 11:00 AM to 12:45 PM with six board members present, achieving a 67% quorum. During the meeting, the board approved the minutes of the previous meeting and the financial statements for the third quarter of 2024. They also reviewed and discussed recent developments in business and administrative matters. The meeting's outcomes were authorized by CEO Mohamed Seghir, with the company's seal included in the disclosure of results.