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United Arab Bank (UAB) has reported its financial results for Q1 2024, showing a net profit before tax of AED 75 million, up 37% from Q1 2023. The net profit after tax was AED 68 million, a 25% increase from the same period in the previous year. Earnings per share rose to AED 0.033 per share in Q1 2024 from AED 0.027 in Q1 2023. The bank also reported a 33% increase in total income to AED 163 million, driven by a 44% increase in net interest income. The bank's expense management has improved, with the cost-income ratio reducing to 48% from 53% in the prior year. The bank's capital position and liquidity profile remain strong, and its credit ratings have been affirmed by Fitch and Moody’s.

United Arab Bank (UAB) has reported its financial results for Q1 2024, showing a net profit of AED 68 million, a 25% increase year-on-year (YoY) and a 47% sequential increase. The bank's net profit before tax was AED 75 million, up 37% YoY. The total income rose by 33% YoY to AED 163 million, due to higher net interest income, which increased by 44% YoY. UAB's total assets reached AED 17.9 billion, with a 2% increase in net loans and advances and a 4% increase in customer deposits during the quarter. The bank's asset quality metrics also improved, with a reduction in the NPL ratio to 4.8% and an improved coverage of 127%. The bank's capital position remains strong, with a CET1 of 13.1% and a total CAR of 18.4%. UAB's credit ratings were affirmed by Fitch and Moody's, with a 'Stable' and 'Positive' outlook, respectively.

The document contains a review report and condensed interim financial statements for United Arab Bank P.J.S.C. for the three-month period ending on 31 March 2024. This information is intended for individuals interested in finance and investing.

GFH Financial Group B.S.C. announced on 25th April 2024 that it has purchased 1,791,203 of its own shares (treasury shares). This acquisition increases the company's total treasury shares from 182,049,582 (representing 4.75% of total issued shares) to 183,840,785 (representing 4.80% of total issued shares). The decision to purchase was made during a board meeting in September 2021 and the authority's approval for the purchase was given in April 2024. The shares were bought at an average price of 0.272 USD, representing 0.047% of the issued capital. The number of shares remaining for purchase is 199,418,598. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.

The Al Ain Ahlia Insurance Co. (PSC), incorporated in Abu Dhabi in 1975, held a board of directors meeting on April 25th, 2024. The meeting had 100% attendance from the seven board members. The board elected Mr. Mohamed Jouan Rashed Albadi Aldhaheri as Chairman and Mr. Khaled Mohamed Jouan Albadi Aldhaheri as Vice Chairman. The board also reconstituted several committees, including the Audit Committee, the Nominations and Remuneration Committee, the Risk Committee, and the Investment Committee, with various members assigned to each. The meeting started at 12:00 PM and ended at 1:00 PM.

The Annual General Assembly of Americana Restaurants International PLC, a public company incorporated under the laws of Abu Dhabi Global Market, took place on 24 April 2024. The meeting was held both remotely and in-person at the Address Sky View Hotel, Dubai, UAE. Shareholders representing 76.64% of the company's share capital registered for the AGM. The meeting was chaired by the Chairman of the Board of Directors, Mr. Mohamed Ali Rashed Alabbar. Mr. Saqib Awan was appointed as the meeting rapporteur and Abu Dhabi Commercial Bank was the vote collector. The rapporteur confirmed the attendance rate and the validity of the AGM, stating that all decisions taken are binding on all shareholders, whether present or not.

The Abu Dhabi Commercial Bank PJSC has issued its earnings press release and management discussion & analysis for the first quarter of 2024 on 25 April 2024. The details can be found on their official website.

This is a letter addressed to the Disclosures and Compliance Section at the Abu Dhabi Securities Exchange, sent by Rami Raslan, Group Company Secretary at Abu Dhabi Commercial Bank (ADCB). The letter informs of the results of a Board of Directors meeting held on 25th April 2024. During the meeting, the bank's financial results as of 31st March 2024 were approved and other general matters were discussed and approved as appropriate. The letter also assures continued cooperation. A copy of the letter was sent to Dr. Maryam Butti AL Suwaidi, CEO of the Securities & Commodities Authority (SCA).