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Amlak Finance PJSC announced its H1 2024 financial results, reporting a net profit of AED 30 million, down from AED 138 million in H1 2023. Total assets stand at AED 3.15 billion. Revenue from financing and investing increased by 10% to AED 66 million. Excluding a one-off gain, total revenue slightly rose to AED 144 million from AED 126 million in H1 2023. Operating costs increased by 4% to AED 48 million due to ongoing restructuring. The company repaid AED 46 million to financiers and has settled 84% of its Islamic deposit liabilities since 2014. Negotiations to exit the Common Terms Agreement are at an advanced stage. Amortization costs decreased to AED 16 million from AED 22 million. The devaluation of the Egyptian Pound impacted the group's financial position.

Amlak Finance PJSC and its subsidiaries have released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2024. The report is unaudited.

Resolution No. (459) of 2024 mandates the temporary suspension of trading in the shares of Union Insurance Company on the Abu Dhabi Securities Exchange (ADX) starting from 09:00 on August 12, 2024. This suspension coincides with the company's Board of Directors meeting scheduled at the same time. Trading will resume once ADX receives the meeting results. All department heads at ADX are instructed to implement this resolution within their respective areas. The resolution will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on August 6, 2024.

Resolution No. (458) of 2024 temporarily suspends trading of Gulf Cement Co. (GCEM) shares on the Abu Dhabi Securities Exchange (ADX) from 14:00 on 12-Aug-2024 until ADX receives the results of the company's Board of Directors meeting, which coincides with the trading session. All relevant ADX departments are instructed to implement this resolution. The resolution will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on 06/08/2024.

The Board of Directors of "BHM Capital Financial Services P.S.C" invites the company's shareholders to attend the General Assembly Meeting, which will be held remotely/online on Monday, August 26, 2024, at 11:00 AM. If the quorum is not met, the meeting will be rescheduled to September 2, 2024, at the same time and place, to review and discuss the agenda.

Emirates Central Cooling Systems Corporation PJSC (EMPOWER) reported AED 1,352 million in revenue for the first half of 2024, a 10.3% increase compared to H1 2023. The company's EBITDA for the same period was AED 693 million, reflecting a 6.0% growth. Profit before tax reached AED 428 million, up 6.3% from the previous year, with a net profit after tax of AED 390 million for the six months ending June 30, 2024. CEO Ahmad Bin Shafar attributed the robust financial performance to the rising adoption of environmentally friendly cooling systems by real estate developers and building owners. Additionally, increasing occupancy rates in Dubai's real estate projects and the expansion of Empower’s portfolio with new projects have driven demand for the company's services. Empower’s diverse customer base spans residential, commercial, healthcare, hospitality, retail, education, entertainment, and other sectors.

Air Arabia has announced that a board of directors meeting will be held on Monday, August 12, 2024, at 3:00 PM. The meeting will focus on discussing the financial results for the second quarter of 2024.