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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Al Buhaira National Insurance Company
Disclosures: Al Buhaira National Insurance Company Announcement of Board Meeting to be held on 30/10/2024 at 10:30

1. Disclosures: Al Buhaira National Insurance Company Announcement of Board Meeting to be held on 30/10/2024 at 10:30

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From National Bank of Fujairah
Disclosures: National Bank of Fujairah Announcement of Board Meeting to be held on 29/10/2024 at 11:00

1. Disclosures: National Bank of Fujairah Announcement of Board Meeting to be held on 29/10/2024 at 11:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Multiply Group PJSC
Disclosures: Multiply Group PJSC Announcement of Board Meeting to be held on 29/10/2024 at 17:00

The Board of Directors of Multiply Group PJSC is scheduled to meet on Tuesday, 29 October 2024, at 5:00 PM. The agenda includes the approval of the audited financial statements for the third quarter of 2024 and the discussion of other business matters. The notification is addressed to the Disclosures and Compliance Section of the Securities and Commodities Authority and the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange.

1. Disclosures: Multiply Group PJSC Announcement of Board Meeting to be held on 29/10/2024 at 17:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Commercial Bank International
Disclosures: Commercial Bank International Board Meeting Results held on 24/10/2024 at 11:00

1. Disclosures: Commercial Bank International Board Meeting Results held on 24/10/2024 at 11:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Commercial Bank International
Disclosures: Commercial Bank International Financial Results for the Period Ended September 30,2024

1. Disclosures: Commercial Bank International Financial Results for the Period Ended September 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Commercial Bank International
Disclosures: Commercial Bank International Press Release on the Financial Results for the Period Ended September 30,2024

Commercial Bank International (CBI) reported a net profit before tax of AED 254 million for the period ending September 30, 2024, marking an 81% increase year-on-year. The bank's net operating income for Q3 2024 was AED 278.5 million, up 90% from Q3 2023 and 115% from Q2 2024. For the nine-month period, net operating income grew by 27% year-on-year to AED 529 million. CBI's total assets increased by 12% to AED 21 billion, driven by an 8% rise in loans and advances. The loan-to-deposit ratio improved to 85%, and the capital adequacy ratio strengthened to 15.8%. CEO Ali Sultan Rakkad Al Amri attributed the results to strategic transformation, customer-centric innovation, and a disciplined approach to risk management. CBI plans to continue investing in digital transformation and enhancing product offerings.

1. Disclosures: Commercial Bank International Press Release on the Financial Results for the Period Ended September 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Commercial Bank International
Disclosures: Commercial Bank International Management Discussion and Analysis Report for the Period Ended September 30,2024

The document is the Management Discussion and Analysis Report for Commercial Bank International's third quarter financial results in 2024.

1. Disclosures: Commercial Bank International Management Discussion and Analysis Report for the Period Ended September 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From EMSTEEL BUILDING MATERIALS PJSC
Disclosures: EMSTEEL BUILDING MATERIALS PJSC Announcement of Board Meeting to be held on 28/10/2024 at 17:15

The Board of Directors of EMSTEEL Building Materials PJSC is scheduled to meet on October 28, 2024, at 5:15 PM. The agenda includes the election of the Chairman and Vice-Chairman of the Board and the formation of the Board's committees. This notification is from Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, and a copy has been sent to the Securities and Commodities Authority.

1. Disclosures: EMSTEEL BUILDING MATERIALS PJSC Announcement of Board Meeting to be held on 28/10/2024 at 17:15

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Gulf Investment House Company
Disclosures: Gulf Investment House Company Announcements

1. Disclosures: Gulf Investment House Company Announcements

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Emirates Telecom. Group Company (Etisalat Group) PJSC
Disclosures: e& successfully completes majority stake acquisition of PPF Telecom

Emirates Telecommunications Group Company (e&) has successfully acquired a controlling stake in PPF Telecom's assets in Bulgaria, Hungary, Serbia, and Slovakia, forming a new entity called e& PPF Telecom. This acquisition aligns with e&'s strategy to expand into Central and Eastern Europe, a region with strong economic growth and a stable regulatory environment. The acquisition aims to enhance e&'s growth and ability to offer innovative telecom and digital services. e& PPF Telecom includes brands like Yettel Bulgaria, Yettel Hungary, Yettel Serbia, and O2 Slovakia, serving over 10 million customers with strong financial performance. The transaction, valued at €2.15 billion with additional adjustments, includes potential earn-out payments and options for future share transactions. The acquisition will be consolidated under e&'s international operations starting November 2024.

1. Disclosures: e& successfully completes majority stake acquisition of PPF Telecom

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