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The Board of Directors of Waha Capital PJSC is scheduled to meet on Thursday, October 31, 2024, at 12:00 p.m. in Abu Dhabi to discuss general business matters. This notification is issued by the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. Paul Myers, the General Counsel and Board Secretary, has also sent a copy of this notice to the Securities and Commodities Authority.
Investcorp Capital plc, a company listed on the Abu Dhabi Securities Exchange and specializing in alternative investments, has expanded its industrial real estate portfolio to include 625 buildings through recent acquisitions. These acquisitions include the Waterside Business Park in Tampa, Florida, with eight light industrial buildings; the Dallas & Atlanta Infill Portfolio, comprising 16 buildings; the West Coast Infill Portfolio with 17 buildings across Denver, Las Vegas, San Diego, and the San Francisco Bay Area; and six data centers across key U.S. data hubs. These additions enhance Investcorp Capital's real estate portfolio, offering investors exposure to a global range of investments. The industrial sector has been increasingly favored by institutional investors for its strong performance and future potential.
The text is a formal communication regarding the resignation of Mr. Saif Al Rashdi from his position as a Board Member of Gulf Navigation Holding PJSC. His resignation is effective from Friday, October 25, 2024. The Board will consider approving his resignation and appointing a new Board member at the next meeting scheduled for Monday, October 28, 2024. The letter is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.
Union Properties PJSC reported strong financial performance in the third quarter of 2024, achieving a profit of AED 53 million. The company reduced its legacy bank debts by 56.5% to AED 682 million. Over the first nine months of 2024, revenue from contractual agreements rose by 7% to AED 389 million compared to the same period in 2023. The company's subsidiaries contributed significantly to this growth, with a 47% increase in accumulated gross profit, reaching AED 53 million. Union Properties also decreased its financial costs from AED 85 million in 2023 to AED 22 million in 2024 through debt restructuring and repayment. By the end of the first nine months, the company's current assets exceeded current liabilities by AED 326.2 million, indicating strong liquidity and financial health.