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Ooredoo, a telecommunications company, held its Annual General Meeting where the company's Corporate Governance Report and financial statements were approved by shareholders. The Board of Directors' recommendation to distribute a cash dividend of QAR 0.55 per share was also approved. The company reported a net profit of QAR 3 billion for 2023, an increase of 28% from the previous year. Revenue also increased by 2% to QAR 23.2 billion, driven by strong performance in Iraq, Algeria, Kuwait, and the Maldives, despite a decline in Qatar, Myanmar, and Palestine due to foreign exchange depreciation. The company's EBITDA was QAR 9.7 billion, up by 4% year-on-year.
The document is a director's report and consolidated financial statements of Burjeel Holdings PLC for the fiscal year ending on 31st December 2023. The report provides a detailed overview of the company's financial performance and activities during the year.
MBME Pay Payment Services Provider, a subsidiary of MBME Group, has signed an agreement with Deem Finance L.L.C. The objective of the agreement is to allow customers to take advantage of the digital services provided by MBME. The services aim to meet customer aspirations and keep up with the digital development currently being experienced. The agreement is seen as a significant milestone in the evolution of MBME Group.
The document is Emirates Insurance Company's Corporate Governance Report for the financial year ending 31st December 2023.
The GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. have announced that they are in discussions for GFH to acquire Ithmaar's financing and investment portfolios. The discussions are subject to due diligence and regulatory approvals, and shareholders will be informed of any further developments. The transaction is expected to have a positive and significant impact on the financials and increase the returns for the Group. The announcement was made by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group.
GFH Financial Group B.S.C. (Trading Code: GFH) has announced a board meeting scheduled for Tuesday, 14th May 2024 at 2 p.m. Kingdom of Bahrain’s time. The agenda of the meeting includes the financial results for the first quarter of 2024 and other internal matters. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group BSC, an Islamic wholesale bank established in 1999 in Bahrain, operates in accordance with Islamic Sharia principles. In 2004, GFH transformed from a closed shareholding company to a public one, with shares listed on the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market, and Abu Dhabi Securities Exchange. The group has expanded its investment portfolio globally, managing over $21 billion in assets. GFH has received international recognition, including being ranked among Middle East's Top 30 Biggest Asset Managers by Forbes in 2021 and 2022. In 2022, GFH created Infracorp to manage real estate and infrastructure investments. The same year, Infracorp issued a $900 million green sukuk, the first by a Bahraini entity. In 2023, GFH partnered with FII and the World Economic Forum, and expanded its portfolio to include logistics and healthcare assets in the GCC. GFH's corporate governance framework adheres to guidelines issued by the Ministry of Industry and Commerce and the Central Bank of Bahrain. The company's governance philosophy emphasizes transparency, accountability, and stakeholder interests.