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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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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From PHOENIX GROUP PLC
Disclosures: PHOENIX GROUP PLC General Press Release

1. Disclosures: PHOENIX GROUP PLC General Press Release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From International Holding Company PJSC
Disclosures: Disclaimer from International Holding Company PJSC - Phishing Mails

International Holding Company PJSC (IHC) has issued a notice regarding the protection of personal and financial information. It warns the public that scammers are using the company's name, employee names, and logo to advertise fraudulent investment opportunities and tenders online. These scammers are requesting personal, business, and financial information, including credit card and bank details, for payments or investments. IHC emphasizes that it will never request such information through email, mail, or any other means and advises caution if such requests are received. The company urges individuals to verify emails or domains claiming to be from IHC, ensuring they originate from the "@ihcuae.com" domain. To avoid scams, IHC recommends staying informed through its official website or the ADX platform.

1. Disclosures: Disclaimer from International Holding Company PJSC - Phishing Mails

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi National Energy Company
Disclosures: TAQA Group Successfully Prices US$1.75 Billion Dual Tranche 7-year and 12-year Bond Offering

Abu Dhabi National Energy Company (TAQA) announced the successful pricing of a US$1.75 billion dual-tranche bond offering, consisting of US$850 million in 12-year green bonds and US$900 million in 7-year conventional bonds. The green bonds, which mature in 2037 with a 4.75% coupon rate, are part of TAQA's Green Finance Framework and will fund eligible green projects. The 7-year bonds, maturing in 2031 with a 4.375% coupon rate, will be used for general corporate purposes. The offering, benefiting from strong investor demand, is expected to be rated Aa3 by Moody's and AA by Fitch and listed on the London Stock Exchange. TAQA has raised US$1.85 billion under its Green Finance Framework since 2023, supporting the growth of its renewable energy portfolio. CEO Jasim Husain Thabet emphasized the bond's role in advancing TAQA's ESG and decarbonization goals while delivering sustainable value to shareholders.

1. Disclosures: TAQA Group Successfully Prices US$1.75 Billion Dual Tranche 7-year and 12-year Bond Offering

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi Ship Building Co.
Disclosures: ADSB Achieves Key Milestones in Naval Production for Angolan Navy and UAE Projects

Abu Dhabi Shipbuilding Company PJSC (ADSB) has successfully completed the First Steel Cut milestones for the second and third BR71 MKII corvettes for the Angolan Navy. The ceremonies took place in Abu Dhabi and Cherbourg, France. ADSB is producing three BR71 MKII corvettes and seven of 11 patrol boats under this contract. They also held a steel cutting ceremony for the FA-400, a 45m Offshore Patrol Vessel designed and built in the UAE, expected to be ready by early 2025. ADSB is working on eight large warships, including four Falaj3 class vessels for the UAE Navy, and has completed over 20 composite boats this year. The company has an order book of over 100 vessels, demonstrating its commitment to high-quality, innovative maritime solutions and supporting the UAE's maritime industry development.

1. Disclosures: ADSB Achieves Key Milestones in Naval Production for Angolan Navy and UAE Projects

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Purchase of Treasury Shares

GFH Financial Group has announced the purchase of 134,287,812 treasury shares, increasing its total treasury shares to 218,474,375, which represents 5.7% of the total issued shares as of September 30, 2024. The announcement was made by Mariam Jowhary, the Head of Compliance and AML.

1. Disclosure: Purchase of Treasury Shares

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Taaleem Holdings PJSC
Disclosure: Press release regarding the financial results for the Full Year 2023/24

Taaleem Holdings PJSC announced its financial results for the fiscal year 2023/24, showing significant growth. The company recorded revenues of AED 945.2 million, a 15.5% increase from the previous year, driven by a 33.1% rise in student enrolment. EBITDA increased by 32.0% to AED 270.8 million, with an EBITDA margin of 28.6%. Net profit before tax rose by 55.1% to AED 182.0 million, with a net profit margin of 19.3%. The company expanded its capacity by adding 9,119 students, achieving a total enrolment of 37,930 students. Taaleem also reported a negative net debt of AED 560.3 million, reflecting increased debt to support the development of new schools in Dubai. The company's free cash flow to the firm was AED 243.6 million, indicating strong financial health.

1. Disclosure: Press release regarding the financial results for the Full Year 2023/24

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Taaleem Holdings PJSC
Disclosure: Financial statements for the year of 2024

1. Disclosure: Financial statements for the year of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Taaleem Holdings PJSC
Disclosure: Results of BOD Meeting

Taaleem Holdings PJSC held a board meeting on Thursday, October 3, 2024, from 3:00 PM to 5:00 PM, with all nine board members present, achieving a 100% quorum. During the meeting, the board approved the consolidated financial statements for the fiscal year ending August 31, 2024, and the Annual Integrated Report. They proposed to recommend to the Annual General Assembly (AGM) the distribution of cash dividends to shareholders amounting to AED 120 million (AED 0.12 per share, representing 12% of the company's paid-up share capital). Additionally, subject to approval from the Securities and Commodities Authority (SCA), the board set the AGM date for November 5, 2024.

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Alliance Insurance
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From GFH Financial Group B.S.C
ADX Disclosures: GFH Resumption Notice

GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not meet the required quorum, as only 41.58% was achieved. Consequently, a second meeting is scheduled for Wednesday, October 9, 2024, at 11:00 a.m., to be held via modern visual communication methods.

1. ADX Disclosures: GFH Resumption Notice

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