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Al Ramz Capital LLC, a licensed market maker with over 25 years of experience in UAE capital markets, has been appointed as a liquidity provider for Abu Dhabi Ports Company PJSC (ADPORTS), a leading facilitator of global trade and logistics listed on the Abu Dhabi Securities Exchange. The appointment, set to commence on May 16, 2024, following regulatory approvals, will see Al Ramz independently trading ADPORTS shares within set parameters and in accordance with regulatory guidelines. The purpose of appointing a liquidity provider is to optimize share trading, reduce price volatility, and enhance trading volume. Al Ramz is recognized for its market-making services and has a record of enhancing liquidity provision. The firm offers a range of services, including asset management, corporate finance, and financial research.
The Board of Directors of the Abu Dhabi National Energy Company PJSC (TAQA) held a meeting on 14 May 2024, at the company's headquarters. The Board approved the unaudited financial results for the period ending 31 March 2024. They also approved the payment of an interim cash dividend of 0.70 fils per share for the first quarter of the financial year 2024. The last day to participate is 22 May 2024, the ex-dividend date is 23 May 2024, the record date is 24 May 2024, and the payment date is 6 June 2024. The Board also discussed general matters concerning the company's activities and projects. The information was communicated by Mohammad Adnan Sharafi, the Board Secretary.
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.
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.