InvestorAct
InsightsStocks

InvestorAct

InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

Sector

  • Financials
  • Real Estate
  • Utilities
  • Materials
  • Communication Services
  • PrJSC
  • Industrials
  • Consumer Discretionary
  • Consumer Staples

Social Media

  • Follow us on Instagram

Latest Threads

Check out what has been happening in the community

Previous
Page 568
Next
Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi Ports Company PJSC
Disclosures: AD Ports Group Delivers an Impressive 56% YoY Increase in EBITDA and 42% Growth in Total Net Profit in Q2 2024

AD Ports Group reported a 56% year-over-year (YoY) increase in EBITDA and a 42% growth in total net profit for Q2 2024. Revenue more than doubled to AED 4.18 billion, driven by organic growth in various clusters and acquisitions. Adjusted for mergers and acquisitions, revenue grew by 6% YoY. EBITDA reached AED 1.07 billion, with a margin of 25.6%. Total net profit was AED 439 million, a 42% YoY increase, and 55% YoY when adjusted for the introduction of corporate income tax in the UAE. Net profit after minorities rose by 16% YoY to AED 333 million.

1. Disclosures: AD Ports Group Delivers an Impressive 56% YoY Increase in EBITDA and 42% Growth in Total Net Profit in Q2 2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi Ports Company PJSC
Disclosures: Abu Dhabi Ports Company PJSC Board Meeting Results held on 12/08/2024 at 17:00

On 12 August 2024, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting via video conference at 5:00 p.m. During this meeting, the Board approved the financial statements for the second quarter of the financial year 2024 and discussed general matters related to the company's activities and projects. The information was communicated by Emil Pellicer, the General Counsel, with a copy sent to the Securities and Commodities Authority.

1. Disclosures: Abu Dhabi Ports Company PJSC Board Meeting Results held on 12/08/2024 at 17:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi Ports Company PJSC
Disclosures: Abu Dhabi Ports Company PJSC Financial Results for the Period Ended June 30,2024

The document is a review report and condensed consolidated financial information for Abu Dhabi Ports Company PJSC, covering the six-month period ending on June 30, 2024.

1. Disclosures: Abu Dhabi Ports Company PJSC Financial Results for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From GFH Financial Group B.S.C
Disclosures: GFH Financial Group B.S.C Board Meeting Results held on 12/08/2024 at 15:00

GFH Financial Group B.S.C. announced that its Board of Directors held a meeting on Monday, August 12, 2024, at 2:00 PM Bahrain time. During the meeting, the board discussed and approved the financial results for the second quarter of 2024, ending on June 30, 2024, along with other internal matters. The financial results for the second quarter of 2024 are attached. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosures: GFH Financial Group B.S.C Board Meeting Results held on 12/08/2024 at 15:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From GFH Financial Group B.S.C
Disclosures: GFH Financial Group B.S.C Financial Results for the Period Ended June 30,2024

GFH Financial Group BSC is registered as an Islamic wholesale bank with the Central Bank of Bahrain, under commercial registration number 44136. The registered office is located on the 2nd Floor of Harbor House, Building Number 1436, Block 346, Road 4626, Manama, Kingdom of Bahrain. The contact telephone number is +973 17538538. The board of directors includes: - Abdulmohsen Rashed Alrashed, Chairman (from March 2024) - Ghazi Faisal Ebrahim Alhajeri, Vice Chairman - Hisham Ahmed Alrayes - Ali Murad - Darwish Al Ketbi - Fawaz Talal Al Tamimi - Rashid Nasser Al Kaabi - Yusuf Abdulla Taqi (until March 2024) - Edris Mohd Rafi Mohd Saeed Al-Rafi (until March 2024) - Abdulaziz Abdulhamid Albassam (from March 2024) - Abdulla Jehad Alzain (from March 2024) - H.H Shaikha Minwa Bint Ali Bin Khalifa Al Khalifa (from March 2024) The Chief Executive Officer is Hisham Ahmed Alrayes, and the auditors are KPMG Fakhro. The condensed consolidated interim financial information is dated 30 June 2024.

1. Disclosures: GFH Financial Group B.S.C Financial Results for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From GFH Financial Group B.S.C
Disclosures: GFH Financial Group B.S.C Press Release on the Financial Results for the Period Ended June 30,2024

GFH reported an 11.2% increase in net profit attributable to shareholders for the first half of 2024, totaling US$60.75 million. Total income for the first half of 2024 was US$332.23 million, up 53.7% year-over-year, while earnings per share (EPS) rose 9.7% to 1.70 US cents. For Q2 2024, total income was US$169.26 million, a 52.3% increase year-over-year, with net profit attributable to shareholders at US$33.61 million, up 9.8%, and EPS at 0.94 US cents, up 9.3%. Key highlights include: - Strong double-digit income growth of 52.3% YoY for Q2 and 53.7% YoY for the first half of the year. - Early exit from a joint investment in Citrix with Carlyle, 18 months ahead of the projected timeline. - Al Qasimi becoming a major shareholder and BHM appointed as a market maker for the Group’s shares in UAE markets. - A 154.6% YoY growth mainly from income generated from the sale of real estate assets, including the Group’s investment in Charthouse Bahrain. - Fitch Ratings affirmed the Group’s Long- and Short-Term Issuer Default Ratings (IDR) at 'B', with a Stable outlook on the Long-Term IDR.

1. Disclosures: GFH Financial Group B.S.C Press Release on the Financial Results for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From GFH Financial Group B.S.C
Disclosures: GFH Financial Group B.S.C Board Meeting Results held on 12/08/2024 at 15:00

GFH Financial Group B.S.C. announced that its Board of Directors held a meeting on Monday, August 12, 2024, at 2:00 PM Bahrain time. During the meeting, the board discussed and approved the financial results for the second quarter of 2024, for the period ending June 30, 2024, as well as other internal matters. The financial results for the second quarter of 2024 are attached. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosures: GFH Financial Group B.S.C Board Meeting Results held on 12/08/2024 at 15:00

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

Dubai Islamic Insurance & Reinsurance – AMAN PJSC has scheduled a board meeting on 14.08.2024 at 6:00 PM. The agenda includes approving the minutes of the previous Board of Directors meeting (1-2024), discussing and approving the financial statements as of 30.06.2024, and addressing any other business matters. The form is signed by CEO Rached Diab on 12.08.2024.

1. Disclosure: BOD meeting

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

Dubai Islamic Insurance & Reinsurance – AMAN PJSC has scheduled a board meeting on August 14, 2024, at 6:00 PM. The agenda includes approving the minutes of the previous Board of Directors meeting (1-2024), discussing and approving the financial statements as of June 30, 2024, and addressing any other business matters. The document is signed by Rached Diab, the CEO, on August 12, 2024.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emaar Properties PJSC
Disclosure: Financial statements for the 2n QTR of 2024

Emaar Properties PJS C and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending June 30, 2024.

1. Disclosure: Financial statements for the 2n QTR of 2024

Previous
Page 568
Next