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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Ras Alkhaima National Insurance Co.
Disclosures: Ras Alkhaima National Insurance Co. Management Discussion and Analysis Report for the Period Ended June 30,2024

1. Disclosures: Ras Alkhaima National Insurance Co. Management Discussion and Analysis Report for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Ras Alkhaima National Insurance Co.
Disclosures: Ras Alkhaima National Insurance Co. Financial Results for the Period Ended June 30,2024

1. Disclosures: Ras Alkhaima National Insurance Co. Financial Results for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Ras Alkhaima National Insurance Co.
Disclosures: Ras Alkhaima National Insurance Co. Board of Directors' Report for the Period Ended June 30,2024

1. Disclosures: Ras Alkhaima National Insurance Co. Board of Directors' Report for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Bank of Sharjah
Disclosures: Bank of Sharjah Management Discussion and Analysis Report for the Period Ended June 30,2024

1. Disclosures: Bank of Sharjah Management Discussion and Analysis Report for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Bank of Sharjah
Disclosures: Bank of Sharjah Financial Results for the Period Ended June 30,2024

1. Disclosures: Bank of Sharjah Financial Results for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Easy Lease Motorcycle Rental PJSC
Disclosures: Easy Lease Motorcycle Rental PJSC Press Release on the Financial Results for the Period Ended June 30,2024

EasyLease reported a 36.1% year-over-year revenue increase for the first half of 2024, reaching AED 189.72 million. Operational profit rose by 67.3% to AED 24.3 million, and net profit increased by 11.3% to AED 18.24 million. The company's total assets grew to AED 478.98 million as of June 30, 2024. This growth is attributed to strong demand in the mobility and logistics sectors in the UAE and GCC, as well as strategic investments in technology and market expansion. Chairman Matar Suhail Ali Al Yabhouni and CEO Ahmad Al Sadah highlighted the company's robust performance and commitment to long-term growth and sustainability.

1. Disclosures: Easy Lease Motorcycle Rental PJSC Press Release on the Financial Results for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Invest Bank
Disclosures: Appointment of New CEO for Invest Bank

1. Disclosures: Appointment of New CEO for Invest Bank

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From National Bank of Fujairah
Disclosures: National Bank of Fujairah Press Release on the Financial Results for the Period Ended June 30,2024

The National Bank of Fujairah PJSC (NBF) announced a 46% year-on-year increase in net profit before tax, reaching AED 484.9 million for the six-month period ending 30 June 2024, compared to AED 332.1 million in the same period of 2023. The net profit after tax was AED 441.2 million, with a corporate tax charge of AED 43.8 million. The bank reported a net profit before tax of AED 210.1 million for Q2 2024, a 16.7% increase over Q2 2023. This growth is attributed to strong business opportunities, effective margin and liquidity management, high interest rates, improved impairment provisions, cost management, and favorable market conditions. NBF's operating profit rose by 7.7% to AED 845.8 million, and operating income increased by 8.2% to AED 1.2 billion. Net interest income and income from Islamic financing and investment activities grew by 7.0% to AED 882.5 million for the six-month period.

1. Disclosures: National Bank of Fujairah Press Release on the Financial Results for the Period Ended June 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From APEX INVESTMENT P.S.C
Disclosures: APEX INVESTMENT P.S.C Board Meeting Results held on 25/07/2024 at 15:00

1. Disclosures: APEX INVESTMENT P.S.C Board Meeting Results held on 25/07/2024 at 15:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From National Bank of Fujairah
Disclosures: National Bank of Fujairah Management Discussion and Analysis Report for the Period Ended June 30,2024

1. Disclosures: National Bank of Fujairah Management Discussion and Analysis Report for the Period Ended June 30,2024

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