Latest Threads

The board meeting of Takaful Emarat Insurance PJSC was held on Wednesday, 15 May 2024, from 15:00pm to 16:30pm. Five board members were present, achieving a quorum of 88.3%. The board ratified the minutes from the previous meeting held on 5th April 2024, and approved the unaudited interim consolidated financial statements for Q1 ending 31 March 2024. Other matters were also discussed. The meeting's decisions were signed off by Board Secretary, Rayan Omer.

The text contains unaudited interim condensed consolidated financial statements for the period ending 31st March 2024, provided by Emaar Development PJSC and its subsidiaries. The document is intended for those interested in the financial performance of these companies.

Amanat Holdings PJSC, a leading investment company in healthcare and education, reported a 21% year-on-year revenue growth to AED 224 million in Q1 2024, with EBITDA up 13% to AED 80 million. The strong performance of the Education and Healthcare platforms, which increased by 24% and 17% respectively, drove this growth. The company also reported a net profit before tax and Zakat of AED 53.6 million, up 18% year-on-year. Amanat has a significant cash balance of AED 634.1 million with low leverage, allowing for capital deployment on growth opportunities and return of capital to shareholders. The company is also exploring monetization options, including a potential regional IPO, for its Education platform.

The document is a communication dated 15 May 2024, addressed to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, UAE, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market in Dubai, UAE. The subject of the letter is the earnings call of the National Central Cooling Company (Tabreed) held on the same day. The call, which took place at 3pm, discussed the financial results for the period ending on 31 March 2024. The earnings call documents are available on the company's website, under the Investor Relations section. The letter is signed by Sean Magee, the company secretary.