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The Acting Head of Listed Companies Affairs at Abu Dhabi Securities Exchange, Mr. Hamad A. Al Ali, received a letter from Mohammad Adnan Sharafi, the Secretary to the Board of Directors of Abu Dhabi National Energy Company PJSC (TAQA). The letter informed him of a Board of Directors meeting to be held on Tuesday, 14 May 2024, at 3 p.m. at the company's headquarters. The agenda includes reviewing and approving the unaudited financial results for the period ending 31 March 2024, approving the payment of an interim dividend for the first quarter of the financial year 2024, and discussing other general matters related to the company's activities and projects.

The second board meeting of 2024 for the Abu Dhabi National Company for Building Materials - BILDCO (PJSC) will be held on Tuesday, 14/05/2024 at 14:00 PM. The agenda for the meeting includes the approval of the minutes of the first board meeting of 2024, the approval of the financial statements for the first quarter of 2024, and discussion of any other matters.

The Board of Directors of Fujairah Building Industries P.J.S.C. and its subsidiaries released their reviewed condensed consolidated interim financial statements for the period ending 31 March 2024. The company's main activities, including manufacturing and marketing of various industrial products, remained unchanged. The company's revenue increased to AED 51,015,061 from AED 45,510,098 in the previous year, and the net profit for the period was AED 6,281,313. The company's general assembly approved a cash dividend distribution of AED 40.7 million. The board expects the group to continue its operations in the foreseeable future. No significant events occurred after the period end that could affect the company's operations. KPMG Lower Gulf Limited, Dubai, UAE, was approved as the company's independent auditors for the financial year 2024.

Abu Dhabi National Insurance Company (ADNIC) reported a strong start to 2024 with a 12.1% year-over-year increase in pre-tax net profit, reaching AED 111.8 million. The company also adopted corporate income tax, resulting in a net profit after tax of AED 100.9 million. The profitability was driven by robust underwriting performance and strong investment results. ADNIC also completed a strategic acquisition of a majority stake in Allianz Saudi Arabia Cooperative Insurance Company, strengthening its position as a leading regional insurer. Total insurance revenue for the first quarter of 2024 was AED 1.56 billion, compared to AED 1.00 billion in 2023. Net insurance service result stood at AED 103.2 million, and net income from investment increased by 17.4% to AED 54.4 million. Other operating expenses were AED 49.7 million.