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TECOM Group reported a 15% YoY increase in its net profit for Q1 2024, exceeding AED 290 million. This increase was driven by strong demand across all assets from both new and existing customers, resulting in a record-high portfolio occupancy rate of 91%. The group's Q1 2024 revenue also increased by 10% YoY to AED 564 million. EBITDA rose by 10% YoY to AED 439 million, with an EBITDA margin of 78%. The total number of customers surpassed 11,000, thanks to robust customer retention and the addition of new customers. The company's strong financial performance follows a record financial performance in 2023 and is underpinned by Dubai's robust economic performance and pro-growth government initiatives.

GFH Financial Group has announced the acquisition of 1,100,000 of its own shares (treasury shares), increasing its total holding from 280,629,510 shares (7.32% of the total issued shares) to 281,729,510 shares (7.35% of the total issued shares) as of May 3, 2024. The decision to purchase was made by the company's board of directors in September 2021, with the Authority's approval granted in April 2024. The average purchase price was $0.302 USD per share, representing 0.029% of the issued capital. After this purchase, the number of shares remaining for purchase is 101,529,873.

The Board of Directors of the Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) will hold a meeting on 8th May 2024 at 3:00 p.m. in Abu Dhabi. The agenda for the meeting will include reviewing the Company’s financial statements for the first quarter ended 31st March 2024 and discussing other general business matters.

The United Arab Bank (UAB) Board of Directors held a meeting on 3rd May 2024, where they discussed and approved various routine and business matters. The meeting was held at 01:00 PM. The information was disclosed in a letter sent to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange.

The text provides information about the Q1 2024 financial results of Multiply Group P.J.S.C. The company is listed on the Abu Dhabi Securities Exchange (ADX) under the ticker symbol 'MULTIPLY'. More details can be found on their website.

The Abu Dhabi Securities Exchange has announced a Board of Directors meeting for ADNOC Logistics & Services PLC to be held via video conference on Tuesday, 7 May 2024 at 3 p.m. The agenda includes approval of the financial statements for the first quarter of 2024 and discussion of other general matters related to the company's activities and projects. The notification was signed by the company's CEO, Abdulkareem Mubarak Almessabi. A copy of the announcement was also sent to the Securities and Commodities Authority (SCA).