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Shuaa Capital PSC held a board meeting to review company activities and progress on capital structure improvement plans. The board approved two convertible bond issuances, pending necessary regulatory approvals, with final terms to be presented at the next board meeting. The decision to call a general assembly meeting for shareholder approval of the convertible bonds was postponed to the next board meeting scheduled for November 13, 2024.

Takaful Emarat Insurance PJSC has announced a capital increase from AED 25,652,000 to a maximum of AED 185,000,000 through a rights issue, as approved by the General Assembly on 27 February 2024 and 14 June 2024. Shareholders are informed that the record date for this rights issue is set for Friday, 1 November 2024. Any changes to this date will be disclosed on the Dubai Financial Market website. The company will also announce important dates related to the rights issue in the prospectus.

Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the third quarter of 2024. The company achieved a 9.1% increase in quarterly revenues, reaching AED 3.6 billion, and a 16.9% growth in EBITDA to AED 1.7 billion, with a record EBITDA margin of 48.3%. Net profit for the quarter rose by 42.7% to AED 719 million, marking the highest quarterly net profit in the last three years. For the first nine months of 2024, net profit surged by 49.7% to AED 1.9 billion. This performance is attributed to sustained commercial momentum, strategic execution, and efficient cost management. The company has made significant progress in its connectivity business and is evolving into a leading Telecom and Digital Services Provider. Key developments include a strategic overhaul of its B2B portfolio with new sub-brands and a global partnership with Orange to support innovation and digital transformation. Capital expenditure normalized with a capital intensity of 12.2% in the first nine months, and the company reaffirmed its guidance for fiscal year 2024.

The document is a review report and includes condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2024.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority (SCA) with registration number 604097, is holding a Board of Directors meeting on Friday, November 1, 2024, at 9:00 AM. The agenda includes reviewing and approving the Q3 financial statements for 2024 and discussing regular operational matters and other business updates. The meeting details were communicated by Ma’an Albostami, the Board Secretary.