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Air Arabia has announced that a board of directors meeting will take place on Monday, November 11, 2024, at 12:00 pm. The meeting will focus on discussing the financial results for the third quarter of 2024.
The document is the unaudited interim condensed consolidated financial statements for Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C as of 30 September 2024.
Al Salam Bank has introduced a new insurance product called "Al Salam Third-Party Takaful Added Benefits" in collaboration with Solidarity Bahrain. This enhanced third-party motor insurance coverage offers several benefits, including an 8-day car replacement service, 24/7 roadside assistance in Bahrain, and compensation of up to BD 10,000 in the event of an accident with an uninsured vehicle. The initiative follows the successful launch of the bank's Multi-Year Motor Takaful Insurance product. Al Salam Bank aims to expand its range of Sharia-compliant takaful insurance products and offers instant issuance services through its branches and contact centers, with payment options available via cash or the Buy Now, Pay Later service. For more details, customers can visit the bank's website or contact them through WhatsApp or their virtual branch.
Emirates Stallions Group reported a 125% year-on-year revenue growth in Q3 2024, with operational profit rising by 69% to AED 151.78 million. Gross profit increased by 221%, and total assets grew by 13% since December 2023. The group attributes its robust financial performance to portfolio expansion and strategic execution. Total equity rose by 6% to AED 2.43 billion, and the book value per share also increased by 6%. The company remains focused on activities that provide both short-term impact and long-term value creation.