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Al Salam Bank has reported a 36.3% increase in net profits for Q1 2024, amounting to BD 14.0 million (US$ 37.1 million), compared to BD 10.3 million (US$ 27.3 million) for the same period in 2023. This increase was mainly driven by growth in the bank's core banking activities and the acquisition of a subsidiary in Q2 2023. Earnings per share also rose by 32.4% to 4.9 fils (US$ 13.0 cents). Total income for the quarter was BD 68.7 million (US$ 182.2 million), a 46.0% increase from BD 47.0 million (US$ 124.8 million) in Q1 2023. Total assets increased by 3.3% to BD 5.3 billion (US$ 14.1 billion), while total equity attributable to parent shareholders increased by 2.2% to BD 344.8 million (US$ 914.5 million). The bank's capital adequacy ratio stood at 22.3% as of 31 March 2024.
Takaful Emarat Insurance PJSC will hold a board meeting on Wednesday, 15th May 2024 at 15:00pm. The agenda includes ratifying the minutes of the previous Board of Directors meeting held on 5th April 2024, discussing and approving the unaudited interim consolidated financial statements for Q1 ended 31st March 2024, discussing the latest insurance business updates, and addressing any other business. The meeting disclosure was signed by Board Secretary Rayan Omer on 13th May 2024.
The text presents a review report and interim financial information for Dubai Refreshment (P.J.S.C.) for the three-month period ending 31 March 2024.
The Board of Directors of Dubai Refreshment PJSC held a meeting on 13 May 2024, where they approved the preliminary financial statements for the first quarter of 2024. They also discussed other internal matters of the company and made appropriate decisions. The meeting took place at the company's premises in Dubai Investment Park 2, as well as through online video technology.
The document is a review report and condensed consolidated financial information for Emirates Reem Investments Company P.J.S.C. It covers the company's financial performance over a three-month period ending on 31st March 2024.