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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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Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Deyaar Development PJSC
Disclosure: Press release regarding financial results for the 1st QTR of 2024

In Q1 2024, Deyaar Development PJSC reported a 38% year-on-year increase in its net profit before tax, reaching AED 77.5 million, up from AED 56.4 million in Q1 2023. The company's total assets increased by 7%, reaching AED 6,704 million, and its revenue for the three-month period ending March 2024 was AED 327.8 million, a 5% increase from the previous year. Liquidity also increased due to robust receivables and increased customer advances. Earnings per share increased from 1.29 fils in Q1 2023 to 1.67 fils in Q1 2024. The company also announced the approval of dividend distribution for the first time in its history.

1. Disclosure: Press release regarding financial results for the 1st QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From National General Insurance Company P.J.S.C
Disclosure: Financial statements for the 1st QTR of 2024

1. Disclosure: Financial statements for the 1st QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Islamic Arab Insurance Company
Disclosure: Financial statements for the 1st QTR of 2024

The document is an unaudited review report and interim condensed consolidated financial statements for Islamic Arab Insurance Co. (SALAMA) PJSC and its subsidiaries as of 31 March 2024. The report provides an analysis of the financial status and performance of the company and its subsidiaries.

1. Disclosure: Financial statements for the 1st QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From National General Insurance Company P.J.S.C
Disclosure: Results of BOD meeting

1. Disclosure: Results of BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Press release regarding financial results for the first QTR of 2024

GFH has reported a 13.03% increase in net profit attributable to shareholders for Q1 2024, reaching a total of US$ 27.14 million. This growth was driven by contributions from the group's subsidiaries, associates, and investments. The company saw strong growth in investment banking, with income of US$ 46.2 million for the quarter, and made partial exits from its proprietary investments, including real estate. It also sold 25% of Khaleeji Bank to strategic investors. GFH was named "World's Best Islamic Investment Bank 2024" by the Global Finance Awards and extended its partnership with the FII Institute for another three years.

1. Disclosure: Press release regarding financial results for the first QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Financial statements for the first QTR of 2024

The text provides details about GFH Financial Group BSC, a company registered with the Central Bank of Bahrain as an Islamic wholesale bank. The registered office is located on the 2nd floor of Harbor House, Building Number 1436, Block 346, Road 4626, Manama, Kingdom of Bahrain. The current directors include Abdulmohsen Rashed Alrashed, Ghazi Faisal Ebrahim Alhajeri, Hisham Ahmed Alrayes, and others. Some directors will be leaving in March 2024, while others will be joining. The company's CEO is Hisham Ahmed Alrayes and its auditors are KPMG Fakhro. The text also mentions a condensed consolidated interim financial information report as of 31 March 2024.

1. Disclosure: Financial statements for the first QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Press release

GFH has reported a 13.03% increase in net profit attributable to shareholders for Q1 2024, totaling $27.14 million. The total income for Q1 2024 was $162.97 million, marking a 55.12% YoY increase. The group saw double-digit growth in income and profitability, supported by contributions from its subsidiaries, associates, and investments. The investment banking sector showed strong growth, with income of $46.2 million for the quarter. The group also made partial exits from proprietary investments, including real estate, and sold 25% of Khaleeji Bank to strategic investors. The group's Treasury and proprietary investments portfolio made significant contributions, showing strong YoY growth. GFH was named the "World's Best Islamic Investment Bank 2024" by the Global Finance Awards and extended its partnership with the FII Institute for another three years.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Board of Directors Meeting Results

The GFH Financial Group announced that its Board of Directors met on 14th May 2024 to discuss and resolve the financial results for the first quarter of 2024, which ended on 31st March 2024, and other internal matters. The financial results for the first quarter of 2024 were attached to the announcement.

1. Disclosure: Board of Directors Meeting Results

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Board of Directors Meeting Results

The GFH Financial Group held a Board of Directors meeting on 14th May 2024 to discuss and resolve the financial results for the first quarter of 2024, which ended on 31st March 2024, and other internal matters. The financial results for the first quarter of 2024 are attached.

1. Disclosure: Board of Directors Meeting Results

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi National Takaful Co.
Disclosures: Abu Dhabi National Takaful Co. Financial Results for the Period Ended March 31,2024

The text refers to a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. for the three-month period ended 31 March 2024.

1. Disclosures: Abu Dhabi National Takaful Co. Financial Results for the Period Ended March 31,2024

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