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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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Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Refreshment Company P.J.S.C.
Disclosure: BOD meeting

The letter, dated 5 November 2024, is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. It announces that the Board of Directors of Dubai Refreshment P.J.S.C will hold a meeting on Tuesday, 12 November 2024, at 10:00 AM. The agenda includes discussing and approving the company's unaudited interim financial statements for the third quarter ending 30 September 2024, as well as addressing internal company matters. The letter is signed by Karem Mahmoud, Director of Legal at Dubai Refreshment P.J.S.C.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Amlak Finance P.J.S.C
Disclosure: Press release regarding financial results for the third QTR of 2024

Amlak Finance PJSC reported a net profit of AED 53 million for Q3 2024, a decrease from AED 269 million in Q3 2023. Total assets were AED 3.19 billion. Revenue from financing and investing increased by 14% to AED 103 million, while total revenue rose slightly to AED 231 million, excluding a one-off gain from the previous year. Operating costs increased by 6% to AED 72 million due to costs associated with the expedited sale of investment properties. The company repaid AED 69 million to financiers and has settled 84% of its Islamic deposit liabilities since 2014. Negotiations are ongoing to exit the Common Terms Agreement with remaining financiers. Amortization costs decreased to AED 24 million from AED 31 million in Q3 2023. Amlak's financial position was affected by the devaluation of the Egyptian Pound against the AED.

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

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Amlak Finance P.J.S.C
Disclosure: Financial statements for the 3rd QTR of 2024

Amlak Finance PJSC and its subsidiaries have released their unaudited condensed consolidated interim financial information for the nine-month period ending on September 30, 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 International Financial Advisors K.S.C.C.
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From GFH Financial Group B.S.C.
Disclosure: Postponing BOD meeting date

GFH Financial Group B.S.C. announced the postponement of its Board of Directors meeting, initially scheduled for 7th November 2024, to 12th November 2024. The meeting will begin at 2 p.m. Bahrain time and will cover the financial results for the third quarter of 2024 and other internal matters. This follows a previous disclosure made on 24th September 2024 about the meeting. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosure: Postponing BOD meeting date

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From GFH Financial Group B.S.C.
Disclosure: Press release

GFH Financial Group B.S.C. announced a partnership with Infracorp and Kempinski to launch the Harbour Heights Kempinski Hotel and exclusive branded residences, coinciding with the Gateway Gulf Forum 2024. This investment is expected to have a positive impact on the group's financials and increase returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML. Further details are available in the attached release.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Islamic Insurance and Reinsurance Co.
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Sharjah Cement and Industrial Development Co.
ADX Disclosures: Temporary suspension of trading on the shares of Sharjah Cement and Industrial Development Co. on 12 Nov 2024

Resolution No. 500 of 2024 announces the temporary suspension of trading for the shares of Sharjah Cement and Industrial Development Co. (SCIDC) on the Abu Dhabi Securities Exchange (ADX). This suspension is scheduled to begin at 12:00 on November 12, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until ADX receives the results of this meeting. The resolution mandates that all relevant departments within ADX implement this decision and that it be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was issued on November 5, 2024, and has been approved by the authorized person.

1. ADX Disclosures: Temporary suspension of trading on the shares of Sharjah Cement and Industrial Development Co. on 12 Nov 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on ALRAMZ shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on ORIENT shares after disclosing the results of its BOD meeting
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