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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Oman & Emirates Investment Holding Co
ADX Disclosures: Temporary suspension of trading on the shares of Oman & Emirates Investment Holding Co on 13 Aug 2024

Resolution No. (464) of 2024 announces the temporary suspension of trading for the shares of Oman & Emirates Investment Holding Co. This suspension will commence at 12:00 on 13-Aug-2024, coinciding with the company's Board of Directors meeting, and will last until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. The resolution mandates all department heads at ADX to execute this decision within their respective areas and requires the circulation of this resolution to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all ADX-accredited brokers. This resolution was approved by the authorized person and issued on 08/08/2024.

1. ADX Disclosures: Temporary suspension of trading on the shares of Oman & Emirates Investment Holding Co on 13 Aug 2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Al Ain Alahlia Insurance Co.
ADX Disclosures: Temporary suspension of trading on the shares of Al Ain Alahlia Insurance Co. on 14 Aug 2024

Resolution No. (463) of 2024 announces the temporary suspension of trading in the shares of Al Ain Alahlia Insurance Co. (AAAIC) on the Abu Dhabi Securities Exchange (ADX). This suspension will take place from 12:00 on August 14, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until ADX receives the meeting results. The resolution mandates that all relevant ADX departments implement this decision and that it be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was issued on August 8, 2024.

1. ADX Disclosures: Temporary suspension of trading on the shares of Al Ain Alahlia Insurance Co. on 14 Aug 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on DEWA shares starting from 12:45 PM after disclosing the results of its BOD meeting. The Resume-Auction session (no-matching) will be 5 minutes
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Electricity & Water Authority PJSC
Disclosure: Press release regarding financial results for the 2nd QTR of 2024

Dubai Electricity and Water Authority PJSC (DEWA) announced record-breaking financial results for the first half of 2024. The company reported its highest-ever quarterly and half-year revenue of AED 13.7 billion, marking a 7.3% increase. EBITDA reached AED 6.6 billion, up by 8.9%, and operating profit was AED 3.3 billion, a 6.3% rise. The profit after tax stood at AED 2.6 billion. DEWA also approved a dividend payment of AED 3.1 billion to shareholders in October 2024. The growth in demand for power and water was 6.7% and 4.3% respectively. DEWA aims to expand its power capacity to 20 GW and water capacity to 735 MIGD by 2030, with a significant portion coming from renewable sources. The company remains committed to efficiency, outstanding customer service, and supporting Dubai's 2050 Net-Zero emissions goal.

1. Disclosure: Press release regarding financial results for the 2nd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Electricity & Water Authority PJSC
Disclosure: Financial statements for the 2nd QTR of 2024

Dubai Electricity and Water Authority PJSC and its subsidiaries have released their condensed consolidated interim financial information for the six-month period ending June 30, 2024. This information is unaudited.

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

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Electricity & Water Authority PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From RAK Properties
ADX Disclosures: RAKPROP Resumption Notice

1. ADX Disclosures: RAKPROP Resumption Notice

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From EMAAR DEVELOPMENT PJSC
Disclosure: Press release regarding financial results for the second QTR of 2024

Emaar Development reported a 56% increase in property sales for the first half of 2024, reaching AED 29.7 billion (US$ 8.1 billion) compared to AED 19 billion (US$ 5.2 billion) in the same period of 2023. The company's sales backlog has grown to AED 74.2 billion (US$ 20.2 billion), to be recognized as revenue in the coming years. Emaar launched two major developments, The Heights Country Club & Wellness and Grand Polo Club & Resort, spanning 141 million square feet with a combined development value of AED 96 billion (US$ 26 billion). Additionally, Emaar purchased a 60 million square foot land plot near The Oasis masterplan, valued at AED 41 billion (US$ 11 billion). In Q2 2024, the second phase of "The Valley" masterplan was launched. Emaar reported a revenue of AED 7.3 billion (US$ 2 billion) and an EBITDA of AED 3.4 billion (US$ 922 million) for the first half of 2024, marking increases of 65% and 47% respectively compared to the first half of 2023. Mohamed Alabbar, Emaar's founder, highlighted the company's resilience, strategic success, and commitment to delivering value to shareholders and contributing to Dubai's economic growth.

1. Disclosure: Press release regarding financial results for the second QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emaar Properties PJSC
Disclosure: Press release regarding financial results for the second QTR of 2024

Emaar Properties PJSC reported significant financial growth for the first half of 2024. Group property sales increased by 56% to AED 31.5 billion (US$ 8.6 billion), and the property sales backlog reached AED 90.1 billion (US$ 24.5 billion). Net profit before tax rose by 33% to AED 7.8 billion (US$ 2.1 billion) compared to the same period in 2023. Additionally, Emaar announced a AED 1.5 billion (US$ 408 million) investment to expand Dubai Mall with 240 new luxury retail options. Total revenue grew by 17% to AED 14.4 billion (US$ 3.9 billion), driven by robust demand in Dubai's real estate market, strong project execution, and growth in tourism and retail sales. EBITDA increased by 24% to AED 8 billion (US$ 2.2 billion). Mohamed Alabbar highlighted the company's strategic investments and commitment to long-term success and customer satisfaction.

1. Disclosure: Press release regarding financial results for the second QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Watania International Holding PJSC
Disclosure: BOD meeting

Date: 8 August 2024 Ref: WIH-396-0808 Notification of Board of Director’s Meeting Company: Watania International Holding (PJSC) Meeting Date: Tuesday, 13 August 2024 Meeting Time: 12:00 PM Agenda: 1. Review and endorse the financial statements for the second quarter ended on 30 June 2024. 2. Routine business discussions. Authorized Signatory: Nawal Ma’ally, Board Secretary Signature and Date: 8 August 2024 Company’s Seal

1. Disclosure: BOD meeting

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