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On 31st October 2024, the Board of Directors of EMSTEEL Building Materials PJSC held their fifth meeting of the year. During this meeting, they approved the financial results for the first nine months of 2024 and discussed other business matters. The notification of these resolutions was sent to the Disclosure & Compliance Section and the Market Operation Surveillance Department of the Abu Dhabi Securities Exchange, with a copy also sent to the Securities and Commodities Authority. The communication was signed by Eng. Saeed Ghumran Al Remeithi, the Group Chief Executive Officer of EMSTEEL.
The document is a review report and condensed interim consolidated financial statements for TECOM Group PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2024. The classification of the document is confidential.
GFH Financial Group B.S.C. announced a strategic partnership with Panattoni Saudi Arabia to develop 500,000 square meters of modern logistics facilities in Saudi Arabia. This investment is expected to positively impact the Group's financials and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and bears the company seal. Further details are available in the attached release.
GFH Financial Group B.S.C. announced the signing of a preliminary agreement with Gulf Warehousing Company (GWC), a leading logistics provider in the GCC. The collaboration aims to support GWC's expansion by developing 200,000 square meters of Grade 'A' logistics facilities in key locations across Saudi Arabia, including Riyadh, Jeddah, and Dammam. This investment is expected to have a positive impact on GFH's financial statements and increase the Group's returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
On October 31, 2024, the Board of Directors of Dubai Financial Market (PJSC) convened and approved the condensed consolidated interim financial information for the nine-month period ending September 30, 2024. They also discussed regular matters and any other business.
The Dubai Financial Market (DFM) reported a strong performance in the first nine months of 2024, with a 60% increase in net profit before tax, reaching AED 298.7 million compared to the same period in 2023. The DFM General Index rose by 10.9%, closing at 4,503.48 points, the highest since 2014. Total consolidated revenues increased by 29% to AED 460.3 million, and the number of trades rose by 20% year-on-year to 1.7 million. However, the total trading value decreased by 6% to AED 72.7 billion. The market capitalization of DFM-listed companies reached AED 757 billion. The exchange attracted 91,151 new investors, with 85% being foreign, who contributed 49% to the total trading value. Institutional investors accounted for 65% of the trading value.
GFH Financial Group B.S.C. announced the launch of its innovative investor mobile application during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia. The investment is expected to have a positive impact on the group's financial performance and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
Resolution No. 493 of 2024 involves the temporary suspension of trading for Al Dhafra Insurance Co. shares on the Abu Dhabi Securities Exchange (ADX). This suspension will occur from 12:00 on November 13, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until ADX receives the results of the meeting. The resolution mandates that all relevant ADX departments execute this decision and that it be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on October 31, 2024.