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ADNOC Drilling has received shareholder approval for a final 2023 dividend of $358 million, bringing the total 2023 dividend to $717 million, a 5% increase compared to 2022. The company reaffirmed its commitment to delivering attractive shareholder returns and a progressive dividend policy. The company also outlined its growth strategy for 2024, which includes embracing AI, digitization, and advanced technologies. The dividend will be paid around April 3, 2024, to all shareholders of record as of March 21, 2024.
The Board of Directors of the National Marine Dredging Company PJSC held a meeting via video conference on 13 March 2024. During the meeting, H.E. Mohamed Thani Murshed Alrumaithi was elected as the Chairman of the Board of Directors, and Mohamed Ibrahim Al Hammadi was elected as Vice Chairman. The Board's committees were formed and their members appointed. The Audit Committee includes Ahmad Amer Omar Al Amri as Chairperson, Abdul Ghaffar Al Khoori and Dr. Aaesha Ali Hashem as members. The Nomination and Remuneration Committee includes Mohamed Al Hammadi as Chairperson, Yaser Saeed Al Mazrouei and Ahmad Amer Omar Al Amri as members.
The text is an invitation to the Annual General Assembly meeting of the MBME Group P.J.S.C. The meeting is set to take place on Thursday, April 04, 2024, at 3:00 pm at the company headquarters or virtually for all shareholders. The invitation and the approved agenda for the General Assembly meeting are attached. The invitation is signed by Abdelhadi Mohamed, the MD & Group CEO. The MBME Group is based in Abu Dhabi, UAE.
The ADNOC Drilling Company PJSC held a General Assembly meeting on 13th March 2024, chaired by Dr. Sultan Ahmed Al Jaber. The meeting had a quorum of 86.4074% and was held in-person and virtually. The assembly approved the company's activities, financial position, balance sheet, and profit and loss account for the financial year ended 31 December 2023. It also approved a cash dividend distribution of AED 1.316 billion for the second half of 2023 and a total cash dividend of AED 2.632 billion for the year. The payment of AED 35,460,000 to the Board of Directors as remuneration for 2023 was also approved. The assembly discharged the Board of Directors and external auditors of liability for the year ended 31 December 2023.
During the General Assembly Meeting, the Abu Dhabi-based investment holding company, Multiply Group, reflected on a year of strong growth and positive impact from its investments. The company discussed its financial standing, portfolio expansion, investment strategies, and commitment to positive impact on the UAE economy and society. The Group also outlined its strategic priorities for 2024. Chairman Andre Sayegh highlighted the Group's achievements in 2023, including a 15% growth in operating net profit and revenue. The Group reported a net profit excluding fair value changes of AED 1.1 billion in 2023, 2.4 times higher than the previous year. Group revenue increased by 15% YoY to AED 1.3 billion. The company was also recognized for its efforts in climate action and its broader CSR activities.
The GFH Financial Group, trading under the code GFH, has announced the purchase of 35,934,348 of its own shares (treasury shares) on 13th March 2024. This acquisition has increased the company's total holding of treasury shares from 72,095,485 (1.88% of total issued shares) to 108,029,833 (2.82% of total issued shares). The decision to purchase these shares was made by the company's board of directors in September 2021 and approved by the Authority in March 2024. The average purchase price of the shares was USD 8220, representing 0.938% of the issued capital.
The HAYAH Insurance Company P.J.S.C, located in Abu Dhabi, UAE, is a Public Joint Stock Company funded by a paid-up capital of AED 200 million. It is registered with the Central Bank of the UAE. On March 13, 2024, the company held a board meeting from 11:00 AM to 12:40 PM, with seven board members present and a quorum of 78% achieved. The minutes from the previous board meeting were approved, as were the audited financial statements for the year ending December 31, 2023. The Annual General Assembly's agenda was also approved, and the meeting date was set. The company will announce the AGM Agenda after receiving approval from relevant authorities. The meeting's authorized signatory was Chief Executive Officer Mohamed Seghir.