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The text refers to a review report and condensed interim consolidated financial information from the Dubai Financial Market (DFM) P.J.S.C. The information covers a three-month period ending on 31 March 2024. This report is likely to be of interest to those involved in finance and investing.
GFH Financial Group B.S.C. has announced the purchase of 13,820,630 of its own shares (treasury shares), increasing its total treasury shares from 201,033,405 (5.25% of total issued shares) to 214,854,035 (5.61% of total issued shares) as of 29th April 2024. The decision to purchase was made in a board meeting in September 2021, and the purchase was approved by the Authority in April 2024. The average purchase price was USD 2910 per share. The remaining shares available for purchase are 168,405,348.
Emirates Integrated Telecommunications Company PJSC reported a 63% increase in net profit in Q1 2024, driven by a 4.1% revenue increase to AED 3.58 billion and a 16.2% rise in EBITDA to AED 1.59 billion. The company's EBITDA margin expanded by 4.6 points to 44.3%. The launch of "du Pay," a digital financial service, marked a significant step towards diversifying the company's business activities. The company's mobile customer base grew by 5.7% to 8.7 million subscribers, while its fixed customer base rose by 11.1% to 616,000 subscribers. The new royalty and corporate tax regime was also highlighted, and the company re-affirmed its guidance.
The text presents a review report and condensed consolidated financial statements of Emirates Integrated Telecommunications Company PJSC and its subsidiaries for the three-month period ending 31 March 2024. This document is of interest to those involved in finance and investing.
On April 29, 2024, the Board of Directors of Dubai Financial Market (PJSC) convened a meeting. The main points approved during the session included the condensed consolidated interim financial information for the three-month period ending March 31, 2024, and regular matters and any other business. The information was communicated by Ali Amer Al-Hashimi, the Chief Financial Officer of the company.