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Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi by Law No. 18 of 1975 and registered under No. 3 on 8/8/1984 in the Insurance Companies Register, operates under the provisions of Federal Decree-Law No. 48 of 2023 regulating insurance activities. The company has a paid capital of AED 150,000,000. A board meeting is scheduled for Wednesday, August 14, 2024, at 12:00 PM to discuss the ordinary business of the company and any other items. The meeting will be attended by Yaser Ibrahim Hmedan, the Board Secretary, who is the authorized signatory.
The document is a review report and interim financial information for International Holding Company PJSC, covering the six-month period ending June 30, 2024.
International Holding Company (IHC) reported a 46% increase in revenue to AED 41.7 billion and an 18% rise in net profit to AED 12.3 billion for the first half of 2024. The company's growth was driven by strong performance in sectors such as real estate & construction, marine & dredging, hospitality & leisure, and technology. IHC also announced a share buyback program worth up to AED 5 billion. CEO Syed Basar Shueb attributed the success to the company's strategic objectives, innovation, and operational excellence. The company's total assets grew by 37% to AED 362.9 billion compared to December 2023.
Al Wathba National Insurance Company (PJSC) has scheduled its Board of Directors Meeting No. 05/2024 for Tuesday, 13/08/2024, starting at 12:00 PM. The agenda includes reviewing and approving the previous meeting minutes, the company’s financial statements as of 30/06/2024, and the minutes of the Board of Directors subcommittees. Additionally, the meeting will review recent regulations issued by the Central Bank and discuss other general matters related to the company's activities. The disclosure is signed by Muralikrishnan R, Chief Financial Officer, and is dated 07/08/2024. Copies have been sent to the Central Bank of the UAE and the Securities and Commodities Authority.
Abu Dhabi National Energy Company PJSC (TAQA), through its wholly owned subsidiary TAQA International BV, has completed the sale of its 47.4% interest in the Atrush oil field located in the Kurdistan Region of Iraq to General Exploration Partners. This information was disclosed to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. The announcement was made by Mohammad Adnan Sharafi, the Board Secretary.
The document is a review report and interim condensed consolidated financial information for ADNOC Logistics & Services plc, dated 30 June 2024. The information provided is unaudited.