Latest Threads

On 25 July 2024, the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange sent a notification to the Disclosures and Compliance Section regarding a meeting of the Board of Directors of Borouge PLC. The meeting is scheduled to be held via video conference at 3:00 PM on Tuesday, 30 July 2024. The agenda includes discussing and approving the financial results for the second quarter of 2024, considering interim dividend distribution to shareholders for the first half of 2024, and addressing other general matters related to the company's activities and projects. The notification was signed by Hazeem Sultan Al Suwaidi, the Chief Executive Officer, and a copy was sent to the Securities and Commodities Authority (SCA).

The document is a review report and interim condensed consolidated financial statements for ESG Emirates Stallions Group PJSC, covering the six-month period that ended on June 30, 2024.

Emirates Stallions Group (ESG) reported a significant operational profit of AED 119 million for the first half of 2024, marking a 128% increase year-over-year. Revenue also saw a substantial rise to AED 640 million, a 140% increase compared to the same period in 2023. The company's total assets grew to AED 3.38 billion, a 10% increase from December 2023, while total equity rose by 5% to AED 2.4 billion. The book value per share increased by 5% to AED 9.59. ESG's growth is attributed to strategic portfolio expansion and strong business fundamentals. The leadership highlighted their commitment to operational optimization and exploring new opportunities in future-focused sectors.

Commercial Bank International (CBI) has released its financial results for the first half of 2024. The report includes a detailed management discussion and analysis, providing insights into the bank's financial performance and strategic initiatives during this period.

The document is a review report and interim financial information for Commercial Bank International P.J.S.C. for the six-month period ending on June 30, 2024.

Commercial Bank International (CBI) reported a 14% year-on-year increase in pre-tax net profit for the first half of 2024, rising from AED 78.9 million in H1-2023 to AED 89.9 million in H1-2024. Key financial highlights include a 24.6% increase in customer deposits, growing from AED 11.4 billion to AED 14.2 billion, and a 1.9% rise in loans and advances, from AED 12.3 billion to AED 12.5 billion. The capital adequacy ratio improved to 15.3% as of June 2024. CEO Ali Sultan Rakkad Al Amri attributed the strong performance to strategic initiatives and a customer-centric approach, emphasizing plans to enhance customer experience and support the UAE's economic prosperity in the future.