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On 05/03/2024, GFH Financial Group B.S.C. (Trading Code GFH) announced the sale of 95,989,635 of its treasury shares, representing 2.5% of its total issued shares, to Vandik W.L.L. Following this transaction, the total number of treasury shares held by GFH will be 123,115,501, representing 3.21% of its total shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.
On 5th March 2024, GFH Financial Group B.S.C. announced the sale of 134,287,812 of its treasury shares, representing 3.5% of its total issued shares, to Southern Star Investments W.L.L. After this sale, the total number of treasury shares held by GFH will be 219,105,136 shares, which represents 5.72% of the total issued shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.
On March 4, 2024, the Chief Executive Officer of Dubai Financial Market, Mr. Hamed Ahmed Ali, received a communication regarding the cancellation of the General Assembly Meeting of Amlak Finance PJSC which was initially scheduled for March 18, 2024. The company had previously disclosed the meeting on February 22, 2024, to update shareholders on the company's current business affairs. However, after discussions with relevant regulatory authorities, it was decided that the update would instead be provided during the Annual General Assembly Meeting in April 2024. The letter was signed by Lama Takieddin, Head of Corporate Governance and Company Secretary. A copy of the letter was also sent to the Securities & Commodities Authority.
Resolution No. (312) of 2024 concerns the temporary suspension of trading on the shares of National Corporation for Tourism & Hotels. This decision was made in accordance with article No. (16) of the Regulations Concerning the Listing of Securities on ADX. The trading suspension is due to coincide with the company's Board of Directors Meeting, which will be held at 14:00 on 5-Mar-2024. Trading on NCTH shares will be suspended from 09:00 on 5-Mar-2024 until ADX receives the meeting results. The resolution instructs all heads of departments in ADX to execute this resolution in their respective fields, and it will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 05/03/2024.
The Board of Directors of Dubai Financial Market Company (PJSC) has invited its shareholders to attend the Annual General Assembly Meeting (AGM) on March 26, 2024. The meeting will be held both virtually and physically. Shareholders will receive a link via SMS for electronic registration, attendance and eVoting a day before the AGM. The meeting will discuss various matters including approval of the company's financial position, the Auditor’s Report, the Fatwa and Sharia Supervisory Board’s Report, and the Company’s Balance Sheet and Profit & Loss Account for the fiscal year ended on December 31, 2023. It will also consider the proposal concerning distribution of cash dividends of 3.5% of the share capital and appointment of the external Auditors for the fiscal year 2024. Special resolutions include approval of related parties’ transactions during 2023 and changes to certain articles of the Company’s Articles of Association.
TECOM Group shareholders have approved a cash dividend of AED 400 million for H2 2023 at its annual general assembly meeting. This brings the total dividend distributions for the fiscal year 2023 to AED 800 million, in line with the dividend policy set out in the IPO prospectus. The group reported a 10% YoY revenue growth to a record-breaking AED 2.2 billion and a 49% YoY surge in net profit to an all-time high of AED 1.1 billion for the financial year ended 31 December 2023. The company's customer base rose by 15% to reach 11,000 customers, driven by robust demand from new and existing customers across all six sectors it serves.
The text is a report and consolidated financial statements of AGTHIA GROUP PJSC for the year ending on 31st December 2023. The document provides a detailed account of the company's financial performance over the said fiscal year.