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Invest Bank P.S.C. has released its condensed consolidated interim financial information for the nine-month period ending on September 30, 2024. The bank's registered office is located on Al Zahra Street, P.O. Box 1885, in Sharjah, United Arab Emirates.

Al Ain Ahlia Insurance Co. (PSC), incorporated in Abu Dhabi in 1975 and registered in 1984, operates under Federal Decree-Law No. 48 of 2023 regulating insurance activities with a paid capital of AED 150,000,000. On Thursday, November 14, 2024, the company's Board of Directors held a meeting with six members present, achieving an 85% quorum. The board approved the minutes from the previous meeting on September 12, 2024, discussed the financial statements for the third quarter of 2024, reviewed the work of board committees and approved their recommendations, and discussed the company's ordinary business. The meeting was documented by Board Secretary Yaser Ibrahim Hmedan.

The Board of Directors of Al Wathba National Insurance Company has released its quarterly report for the period ending September 30, 2024. The company achieved an 84% growth in gross written premiums compared to the previous year, largely due to a successful re-entry into the health insurance segment and effective market adaptation. Despite this growth, the company recorded an insurance revenue of AED 257 million and a net insurance service loss of AED 7 million, leading to a net loss before tax of AED 79 million. The adverse weather events in early 2024 significantly impacted the UAE insurance industry, resulting in increased claims and highlighting the need for improved risk management. However, these events also led to an increase in premium rates for certain insurance lines. The company remains committed to innovation and customer service, aiming to deliver long-term value to stakeholders. The Board expressed gratitude to UAE leaders for their support.

The International Holding Company (IHC) has announced its plan to initiate a share buyback program, starting with a first tranche valued at AED 1.8 billion. This represents 36% of the total buyback program. The buyback orders for this tranche will begin on Monday, November 18, 2024, following the standard trading rules of the Abu Dhabi Securities Exchange (ADX). The company will regularly disclose completed purchases on both the ADX and its own website.

International Holding Company (IHC) has announced the launch of a AED 5 billion Share Buyback Program, starting with an initial purchase of AED 1.8 billion, which accounts for 36% of the total program. The first tranche will commence on November 18, 2024. This initiative aims to enhance shareholder value and optimize capital allocation, demonstrating IHC's confidence in its growth potential. Approved in June 2024, the program will last one year, with potential extensions subject to regulatory approval. It will be executed in tranches, either monthly or quarterly, by International Securities LLC. CEO Syed Basar Shueb highlighted the program's role in reinforcing shareholder value and maintaining an efficient capital structure, reflecting the company's financial resilience and growth outlook.