Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Resolution No. (502) of 2024 announces the temporary suspension of trading for the shares of Abu Dhabi National Insurance Company (ADNIC) on the Abu Dhabi Securities Exchange (ADX) due to a Board of Directors meeting scheduled for 11:00 on November 11, 2024, which coincides with the trading session. Trading will resume once ADX receives the meeting results. The resolution requires all ADX department heads to implement it within their areas and mandates its circulation to the Securities and Commodities Authority (SCA), ADNIC, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on November 6, 2024.
Burjeel Holdings PLC has released its interim condensed consolidated financial statements for the nine-month period ending on September 30, 2024. These statements are unaudited.
The document is the report and interim condensed consolidated financial statements for Wahacapital, covering the nine-month period ending on September 30, 2024.
Agthia Group PJSC held a virtual Board of Directors meeting on November 6, 2024. During the meeting, the Board approved the reviewed financial statements for the period ending September 30, 2024, along with the Management Discussion & Analysis Report. Additionally, the Board discussed other routine business matters. The meeting details were communicated to the Abu Dhabi Securities Exchange and the Securities and Commodities Authority.
Agthia Group PJSC reported solid financial results for the first nine months of 2024, with a 10.3% year-on-year increase in net revenue to AED 3.6 billion, driven by growth across all business segments. The Group's EBITDA rose by 15.5% and net profit by 24.0%, with improvements in margins due to operational efficiencies and disciplined cost management. Despite currency devaluation in Egypt, adjusted revenue growth was 18.4%. The Snacking segment saw a 14.2% revenue increase, led by coffee sales, while Protein & Frozen recorded a modest 1.1% growth, significantly impacted by currency devaluation but showing strong growth when adjusted for this factor. The Water & Food segment grew by 5.8%, bolstered by premiumization and innovation in the water category, and the closure of the loss-making Yoplait Dairy Business. Agri-Business achieved an 18.3% revenue increase, driven by volume growth in Animal Feed. Agthia maintains its full-year guidance of 10%-12% revenue growth, with expectations of further margin improvements.