InvestorAct
InsightsStocks

InvestorAct

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

Sector

  • Financials
  • Real Estate
  • Utilities
  • Materials
  • Communication Services
  • PrJSC
  • Industrials
  • Consumer Discretionary
  • Consumer Staples

Social Media

  • Follow us on Instagram

Latest Threads

Check out what has been happening in the community

Previous
Page 485
Next
Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Fujairah Building Industries P.S.C
Disclosures: Fujairah Building Industries P.S.C Board of Directors' Report for the Period Ended September 30,2024

The Directors' Report for the nine-month period ending 30 September 2024 for Fujairah Building Industries P.J.S.C. and its subsidiaries highlights the group's unchanged principal activities, which include manufacturing and distribution of building materials and quarry operations. Financial performance shows an increase in revenue and net profit from continuing operations compared to the previous year. The general assembly approved a cash dividend distribution of AED 40.8 million. The Board of Directors maintains confidence in the group's ability to continue operations, adopting a going concern basis for financial statements. No significant events occurred after the reporting period. KPMG Lower Gulf Limited was reappointed as the independent auditors for 2024. The report is signed by Chairman Ahmed Saeed Mohammed Alraqbani.

1. Disclosures: Fujairah Building Industries P.S.C Board of Directors' Report for the Period Ended September 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Fujairah Building Industries P.S.C
Disclosures: Fujairah Building Industries P.S.C Board Meeting Results held on 07/11/2024 at 11:00

1. Disclosures: Fujairah Building Industries P.S.C Board Meeting Results held on 07/11/2024 at 11:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Gulf Medical Projects Company
Disclosures: Gulf Medical Projects Company Management Report for the Period Ended September 30,2024

1. Disclosures: Gulf Medical Projects Company Management Report for the Period Ended September 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Gulf Medical Projects Company
Disclosures: Gulf Medical Projects Company Board Meeting Results held on 07/11/2024 at 12:00

1. Disclosures: Gulf Medical Projects Company Board Meeting Results held on 07/11/2024 at 12:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year 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
a year ago
News Update From Q Holding PSC
Disclosures: Modon Holding PSC General Press Release

Modon Holding has announced the launch of luxury residences on the east hill at Nawayef, located on Hudayriyat Island in Abu Dhabi. This development, built on a 60-meter manmade hill, includes three collections of high-end villas and mansions offering panoramic views of the Abu Dhabi skyline and waterfront. The project supports Abu Dhabi's strategic vision for urban expansion and aims to enhance the city's global appeal. Inspired by Newport Hills in California, the east hill at Nawayef integrates tourism, leisure, sport, and urban living. It features properties ranging from 370 to 3,800 square meters, including Mansions, Heights, and Homes, each designed to maximize views and provide a luxurious living experience. Bill O’Regan, Group CEO of Modon Holding, emphasized the project's commitment to innovation and excellence in real estate development.

1. Disclosures: Modon Holding PSC General Press Release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Deyaar Development PJSC
Disclosure: Press release

Deyaar Development PJSC reported a profit before tax of AED 348.8 million for the nine months ending September 2024, marking a 47% increase from AED 237.5 million in the same period in 2023. Revenue for the same period rose by 11% to AED 1,040.5 million from AED 939.8 million in 2023. For the third quarter of 2024, profit increased by 23% year-on-year to AED 146.2 million, with revenue rising by 21% to AED 376.1 million. Earnings per share for the year-to-date reached 7.51 fils, up 38% from 5.43 fils in 2023, with a third-quarter increase of 18% to 3.20 fils. The company's CEO, Saeed Mohammed Al Qatami, attributed the growth to strategic planning, successful projects, and the positive reception of their diverse property portfolio in the UAE.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Deyaar Development PJSC
Disclosure: Financial statements for the 3rd QTR of 2024

1. Disclosure: Financial statements for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Deyaar Development PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Taxi Company PJSC
Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Dubai Taxi Company PJSC (DTC) reported a 20% year-on-year increase in EBITDA to AED 432.2 million for the first nine months of 2024, with revenue rising 13% to AED 1.60 billion. The company expanded its operational taxi fleet by 444 vehicles, achieving a 46% market share in Dubai and completing 36 million trips, a 5% increase from the previous year. The EBITDA margin improved by 2 percentage points to 27%. Net profit before tax reached AED 271.8 million, a 19% increase excluding interest costs. DTC formed a strategic partnership with Bolt to launch an international e-hailing platform in Dubai. The company's taxi segment revenue grew 12% to AED 1.39 billion, while the limousine segment saw a 3% increase to AED 89.1 million. The bus segment's revenue rose 27% to AED 87.7 million, supported by new service contracts and fleet expansion. DTC's delivery bike segment, boosted by partnerships with delivery platforms like Talabat, saw revenue grow 2.5 times. The company focuses on cost optimization and sustainability, with over 85% of its taxi and limousine fleet now hybrid or electric vehicles.

1. Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Previous
Page 485
Next