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The document is a review report and contains condensed consolidated interim financial information for Abu Dhabi Aviation PJSC for the nine-month period ending on September 30, 2024. The financial information provided is unaudited.
On November 7, 2024, GFH Financial Group B.S.C. announced details of its market-making activities for October 2024, in compliance with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The market-making transactions were conducted by GFH's liquidity providers: SICO on the Bahrain Bourse, and BHM Capital on the Dubai Financial Market and Abu Dhabi Securities Exchange. As of October 31, 2024, GFH held 207,500,896 treasury shares, representing 5.4% of the Group's total outstanding shares. During October, SICO purchased 371,469 securities and sold 1,030,750 securities on the Bahrain Bourse, with total payments of USD 124,831 and total receipts of USD 345,215.
GFH Financial Group B.S.C. has announced a webcast for its financial results for the third quarter of 2024, ending on September 30, 2024. The webcast is scheduled for Wednesday, November 13, 2024, at 1:00 pm Bahrain time. Shareholders and investors are invited to attend. The announcement is signed by Mariam Jowhary, Head of Compliance & AML, and includes the company seal.
Aramex reported strong financial results for the third quarter of 2024, with an 18% year-on-year increase in revenue to AED 1.59 billion. For the first nine months of 2024, revenue rose by 11% to AED 4.63 billion, driven by growth across all product lines: International Express (10% YoY), Domestic Express (27% YoY), Freight Forwarding (22% YoY), and Logistics & Supply Chain Solutions (13% YoY). The company saw consistent volume growth, with International Express volumes up 34% and Domestic Express volumes up 18%. Gross profit for Q3 rose 11% YoY to AED 373 million, though the gross profit margin decreased to 23%. Aramex projects a full-year revenue growth of approximately 9% and expects gross profit margins to remain between 24% and 25%. The company maintains a strong balance sheet with a cash position of AED 447 million and a Net Debt-to-EBITDA ratio of 2.1x. Net profit for Q3 increased by 177% YoY to AED 26.7 million.
On Thursday, November 7, 2024, Aramex PJSC held a board meeting from 3:00 PM to 5:40 PM UAE time, with all nine board members present, achieving a 100% quorum. The meeting focused on approving the company's unaudited interim condensed consolidated financial statements for the third quarter and the first nine months ending September 30, 2024. Additionally, the board discussed the company's business updates and routine matters. The meeting results were documented by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.
The document is the unaudited interim condensed consolidated financial statements for Aramex PJSC and its subsidiaries, covering the period ending on September 30, 2024.
Al Mazaya Holding Company K.S.C. (Public) and its subsidiaries, based in the State of Kuwait, have released their unaudited interim consolidated financial information for the period ending September 30, 2024. The report includes a review of this financial information.