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The text appears to be an introduction to a financial report from Emirates Investment Bank P.J.S.C. The report contains condensed interim financial information for the three month period ending on 31st March 2024.
The document is the condensed consolidated interim financial statements of Al Yah Satellite Communications Company PJSC. It covers the financial performance of the company for the three-month period ending on 31 March 2024. The data was compiled as of 31 December 2020.
Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market, reported a net profit of AED 119.96 million for Q1 2024, a decrease from AED 314.44 million in the same period in 2023. However, excluding a one-off gain from investment properties in 2023, the profit for Q1 2024 represents a 90% surge. The growth was largely due to the property sector's performance and contributions from the investment portfolio. The total income for the period was AED 791.88 million, compared to AED 1.01 billion in Q1 2023, with total assets stable at AED 21.46 billion. The company anticipates continued positive momentum throughout 2024, driven by growth in the real estate sector.
The text provides the condensed interim financial information of Emirates Insurance Company P.J.S.C. as of 31 March 2024. The principal business address for the company is P.O. Box: 3856, Abu Dhabi, UAE.
Resolution No. 414 of 2024 announces the temporary suspension of trading on the shares of United Fidelity Insurance Company (P.S.C). The suspension is due to the company's failure to submit its Financial Statement. The suspension begins on 14 May 2024 and will remain in effect until further notice. All heads of departments in ADX are required to execute this resolution in their respective fields. This resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 14 May 2024.