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GFH Financial Group B.S.C. announced that its Board of Directors held a meeting on Tuesday, November 12, 2024, at 2:00 pm Bahrain time. During the meeting, they discussed and approved the financial results for the third quarter of 2024, ending on September 30, 2024, along with other internal matters. The financial results for the third quarter of 2024 are attached. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.
Gulf Cement Company P.S.C. has released its unaudited interim condensed financial statements for the period ending on September 30, 2024.
Foodco National Foodstuff PJSC, a member of Foodco Holding PJSC, has scheduled a board meeting on Friday, November 15, 2024, starting at 10:00 AM. The agenda includes the approval of the previous meeting's minutes, a review of the unaudited financial statements for the period ending September 30, 2024, and other operational matters. The disclosure is signed by Taysir Mokashfi, the Board Secretary, and dated November 12, 2024.
E7 Group reported a net profit growth of 82% for the first nine months of 2024 and introduced a new dividend policy aiming to return 50% of distributable annual net profit to shareholders while maintaining strong cash reserves. In the third quarter, the company achieved a 70% increase in net profit and a 6% growth in EBITDA, driven by continued momentum in core businesses. The company's revenue for Q3 2024 was AED 190.9 million, a 7% increase year-on-year, with significant growth in the packaging segment. For the nine-month period, revenue reached AED 491.7 million, up 6% from the previous year. E7 Group plans to invest in capacity expansion, particularly in security solutions and sustainable packaging. The Group holds over AED 1.4 billion in cash and cash equivalents for strategic growth initiatives. The company also secured a contract worth AED 115.5 million for security printing and solutions and partnered with SAP for a digital transformation initiative.