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The Board of Directors of Abu Dhabi National Energy Company PJSC (TAQA) held a meeting on 06 March 2024 via video conference. They endorsed a proposal to pay a total of AED 29,105,000 as board and board committee fees for the financial year 2023, pending approval by shareholders at the annual general assembly due to be held on 14 March 2024. The Board also discussed general matters related to the company's activities.
The Board of Directors of Abu Dhabi Ports Company PJSC will hold a meeting via video conference on Monday 11 March 2024 at 3 p.m. The agenda includes reviewing the company's audited annual financial statements for the financial year ended 31 December 2023, and discussing general matters related to the company's activities and projects. The information was disclosed by the Market Operations & Surveillance of Abu Dhabi Securities Exchange and the message was signed by Emil Pellicer, the company's General Counsel. A copy of the notice was sent to the Securities and Commodities Authority.
The text provides an overview of the 2023 Sustainability Report for EMSTEEL. It covers various aspects such as materiality, stakeholders, social factors, governance, production, and the environment. The report is likely to discuss the company's performance in these areas, its impact on society and the environment, as well as its governance and production practices.
The consolidated financial statements for Emsteel Building Materials PJSC, based in Abu Dhabi, United Arab Emirates, show a decrease in total non-current assets from AED 7,391,542,000 in 2022 to AED 6,909,306,000 in 2023. Total current assets slightly increased from AED 4,079,826,000 in 2022 to AED 4,119,506,000 in 2023. Total non-current liabilities and total current liabilities decreased from AED 785,292,000 and AED 2,957,703,000 in 2022 to AED 533,789,000 and AED 2,162,587,000 in 2023 respectively. Total shareholders' equity increased from AED 7,728,373,000 in 2022 to AED 8,332,436,000 in 2023. Total revenue decreased from AED 9,452,642,000 in 2022 to AED 8,899,393,000 in 2023, but net profit increased from AED 510,205,000 in 2022 to AED 601,916,000 in 2023. The profit per share also increased from AED 0.074 in 2022 to AED 0.088 in 2023. The statements are signed by Eng. Saeed G. Al Remeithi, Group CEO, and Stephen J. Pope, Group CFO of Emsteel Building Materials PJSC.
The Emsteel Building Materials PJSC board of directors held its second meeting of 2023 on Tuesday, March 5, 2024. The board approved the audited financial statements for the financial year ending on December 31, 2023, the board of directors' remuneration, and the appointment of the external auditor. They also approved the agenda for the Annual General Assembly meeting, which will be held on Tuesday, April 23, 2024, at 03:30 pm at Emirates Steel Industries offices and virtually, subject to SCA approval.
The document includes reports and consolidated financial statements for EMSTEEL BUILDING MATERIALS PJSC, formerly known as Arkan Building Materials Company (Arkan) PJSC, for the year ending on 31 December 2023.