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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.
On 11 November 2024, the Board of Directors of Abu Dhabi Ports Company PJSC conducted a meeting via video conference at 5 p.m. During the meeting, they approved the financial statements for the third quarter of the 2024 financial year. The Board also discussed general matters concerning the company's activities and projects. The communication was addressed to the Disclosure & Compliance Section of the Abu Dhabi Securities Exchange and copied to the Securities and Commodities Authority.