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The National Investor PrJSC has reported accumulated losses amounting to AED 63,493 thousand, which is 22.3% of its paid-up capital. This is in line with the SCA Board of Directors’ Decision No. (32/R.M.) of 2019, which mandates companies to disclose such information when their losses reach 20% or more of their paid-up capital. The losses were mainly due to impairment losses on its investment in National Catering Company, which amounted to AED 8.9 million in 2022 and AED 8.2 million in 2023. Additionally, an impairment loss of AED 18.7 million was incurred on a property component of Al Mafraq Hotel in 2022. The company also sold a plot of land in Masdar for AED 14.6 million, which resulted in a loss as its book value was AED 16.7 million.
Ooredoo Q.P.S.C., an international communications company based in Qatar, has announced that it will disclose its Q1 2024 financial results on 30 April 2024. A conference call and investor presentation are scheduled for 6 May 2024. The company operates across the Middle East, North Africa, and Southeast Asia, serving consumers and businesses in ten countries. As of 31 December 2023, Ooredoo generated revenues of QAR 23 billion.
Al Yah Satellite Communications Company PJSC has scheduled a board meeting for 25 April 2024, at 7.00 pm UAE local time. The agenda includes the election of the Chairperson and Vice Chairperson of the Board of Directors via secret ballot. The meeting will also consider general business, operational, and strategic items that do not affect the company's share price. The disclosure is signed by Clint Irwin Fransquinho de Barros, the Board Secretary.
The Directors' Report and Condensed Consolidated Interim Financial Statements for Sharjah Islamic Bank PJSC have been released, covering the three-month period ending on 31 March 2024. The report provides an overview of the bank's financial performance and activities during this period.
The Board of Directors of the United Arab Bank P.J.S.C. will hold a meeting on 25th April 2024 to approve the Interim Financial Statements for the period ended 31st March 2024. The results will be disclosed and published as per regulations. The outcome of the meeting will be announced immediately after its conclusion.