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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.

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.

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.

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.

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.

Resolution No. 482 of 2024 announces the temporary suspension of trading for GFH Financial Group B.S.C shares on the Abu Dhabi Securities Exchange (ADX). This suspension will occur on October 9, 2024, starting at 12:00, coinciding with the company's Annual General Meeting (AGM). Trading will resume once ADX receives the AGM results. The resolution mandates that all ADX department heads implement this decision in their respective areas. It also requires the resolution to be distributed to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on October 3, 2024.

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