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Investcorp Capital plc, a provider of capital and capital financing services in the alternative investments space listed on the Abu Dhabi Securities Exchange, announced its fiscal year 2024 results. The company achieved a net profit of $105 million and approved $115 million in dividends, with $60 million already paid, representing a 13% annualized return for public shareholders. Gross operating income was $132 million against $8 million in total operating expenses, resulting in an income to expense ratio of 16.5x. EBITDA grew by 10% to $117 million. Cash-yielding assets under the Capital Deployment segment delivered a 13% return on investment. The Capital Financing Services business deployed $883 million across asset classes, delivering a 9% return on investment, surpassing the target of 8%. The company maintains a solid balance sheet with a diversified portfolio, 70% of which is invested in cash-generating assets. In March 2024, Investcorp Capital closed an $800 million revolving credit facility at a lower cost of capital. Additionally, the company expanded its asset classes to include infrastructure.
Investcorp Capital PLC, previously known as Investcorp Capital Limited, has released its consolidated financial statements for the fiscal year ending June 30, 2024.
On September 9, 2024, the Board of Directors of Investcorp Capital plc held a meeting at the Rosewood Hotel, Al Maryah Island, Abu Dhabi. During this meeting, they approved the company's audited financial statements for the financial year ending June 30, 2024. The meeting was attended in person and began at 3:30 PM UAE time.
Date: 09/09/2024 Ref: L/C/1/9924 To: The Disclosures & Compliance Section Market Operations Surveillance Department Abu Dhabi Securities Exchange P.O Box 54500 - Abu Dhabi - UAE The Securities and Commodities Authority/ Disclosure Department Greetings, Subject: Board of Directors Meeting of The National Investor PrJSC (“the Company”) We wish to inform you that the Company’s Board of Directors will hold a remote meeting on Wednesday, 25 September 2024 at 15:00, to discuss matters related to the Company’s business operations. The results of the meeting will be disclosed as it is held. Sincerely, Rami Hurieh Managing Director
On September 9, 2024, OCI Global (Euronext: OCI), a major global producer and distributor of hydrogen products, announced that it has reached an agreement to sell 100% of its equity interests in its Global Methanol Business. The transaction is expected to close in 2025, pending antitrust regulatory approvals, customary closing conditions, and OCI shareholder approval. As part of this transaction, Alpha Dhabi Holding PJSC will exit its 11% equity stake in OCI's Global Methanol Business, known as OCI Clean Fuels Limited.
The Abu Dhabi Securities Exchange has been informed that the Board of Directors of Abu Dhabi Ports Company PJSC will hold a meeting via video conference at 4:00 p.m. on Thursday, 12 September 2024. The meeting will address general matters related to the company's activities and projects. This notification is signed by Emil Pellicer, the General Counsel, and a copy has been sent to the Securities and Commodities Authority.
Finstreet, a subsidiary of Rorix Holdings and part of the IHC Group, is set to launch the first regulated digital trading venue in Abu Dhabi Global Market (ADGM) for both private and public securities. The company aims to enhance liquidity for various financial assets through a comprehensive digital ecosystem tailored for professional investors. Finstreet's subsidiaries have received Financial Services Permissions from ADGM's FSRA, subject to final regulatory approvals, to operate a Multi-Lateral Trading Facility (MTF), Digital Settlement Facility (DSF), Central Securities Depository (CSD), Private Financing Platform (PFP), Collective Investment Fund (CIF), and other financial services. Finstreet Global Markets Ltd will offer secondary market trading for securities listed on other exchanges. Initially developed at the University of Oxford’s SBS Finance Lab, Finstreet is supported by a top-tier executive team from global financial institutions. The company plans to expand into commodities and other assets in alignment with the UAE's CEPA strategy. The platform integrates traditional and blockchain technologies to cover the entire lifecycle of financial assets, from origination to custody.
Burjeel Holdings PLC, a leading healthcare services provider in the MENA region listed on the Abu Dhabi Securities Exchange, has been included in the FTSE Global Equity Index Series - Middle East & Africa following the latest semi-annual review. The changes will be effective after market close on September 20, 2024, and will be reflected from September 23, 2024. Burjeel's inclusion in several FTSE indices highlights its importance in the UAE capital markets and is expected to enhance investor confidence and visibility among global institutional investors. The FTSE Global Equity Index Series includes over 19,000 securities across 49 markets globally. Founded in 2007, Burjeel operates 89 assets across the UAE, Oman, and Saudi Arabia, including hospitals, medical centers, pharmacies, and other services.
Presight, a leading big data analytics company powered by generative AI, has secured a multi-million-dollar contract from Jordan's Ministry of Digital Economy and Entrepreneurship (MODEE) to drive digital transformation in the healthcare sector. The project will utilize expertise from M42's Abu Dhabi Health Data Services (ADHDS) to implement innovative technologies and data-driven strategies aimed at improving healthcare outcomes in Jordan. Key components of the contract include a comprehensive digital healthcare assessment, strategic PMO, health information exchange strategy, and the establishment of a virtual hospital "Command Center" offering tele-ICU, tele-radiology, and tele-dialysis services. The initiative began with a meeting in Jordan attended by H.E. Ahmad Hanandeh, Minister of Digital Economy and Entrepreneurship, and H.E. Dr. Firas Al-Hawari, Minister of Health.
Date: 8th September 2024 Subject: MSX Discussion Session Invitation for H1 2024 Investors, analysts, and shareholders are invited to participate in an MSX Discussion Session on Wednesday, 11th September 2024 at 12:00 PM for one hour. The session will present the unaudited financial results for the period ending 30th June 2024, which were disclosed on the MSX website on 14th August 2024. The session will be conducted via Zoom using the following link: https://us06web.zoom.us/j/85360980725?pwd=WbmqNMAfENIpZRABkbjbYqr6omIVZC.1 Meeting Link: 853 6098 0725 Passcode: 630302 For more information, please contact: Manager - Administration & Investor Relations: Dr. Said bin Hilal Al-Kharousi Email: saeedk@omanemirates.com Tel: 0096824036800 Regards, Raffy Kozadjian Acting Chief Executive Officer