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Agthia Group PJSC, a leading food and beverage company in the UAE, reported a net revenue of AED 4.56 billion and an underlying group net profit of AED 342 million for the year 2023, surpassing its guidance ranges. The group's net revenue increased by 12.1% YoY, ahead of the expected 10-12% range, and the underlying group net profit increased by 25.5% YoY. The board approved a 12% cash dividend increase and 5% bonus shares. The group's strong performance in 2023 was driven by profitable growth in the Snacking, Water & Food, and Agri-Business segments. Despite currency devaluation in Egypt, the group's net revenue increased by 20.7% and LFL revenue by 13.8%. The company also plans to increase full-year cash dividends by 12% to 18.5 fils per share and give an additional 5% bonus shares to existing shareholders, subject to AGM approval.
The document is a report and consolidated financial statements of AGTHIA GROUP PJSC for the year ending on 31 December 2023. It provides detailed financial information and performance of the company for the specified year.
The GFH Financial Group B.S.C. announced the nomination results for the membership of its Board of Directors (BOD) for a new term of three years (2024-2027). The list of nominees who have fulfilled all the conditions and requirements for nomination includes 18 individuals. Their detailed files can be found in the attached schedule.
GFH Financial Group has announced signing an agreement with Southern Star Investments W.L.L. to sell a portion of its ownership in Khaleeji Bank's Additional Tier 1 Certificates. The transaction, valued at USD 74,962,912, will result in Southern Star Investments owning 282,610,178 ordinary shares, representing 25% of the issued and paid-up capital of Khaleeji Bank. The deal is expected to have a positive impact on GFH Financial Group's financials and increase their returns.
On 05/03/2024, GFH Financial Group B.S.C. (trading code GFH) announced the sale of its treasury shares. The company sold 95,989,635 shares, which represents 2.5% of its total issued shares, to Vandik W.L.L. After the sale, the total number of treasury shares held by GFH Financial Group is 123,115,501, representing 3.21% of its total shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML of the company.
GFH Financial Group B.S.C. has announced the sale of 134,287,812 of its treasury shares, which represents 3.5% of its total issued shares, to Southern Star Investments W.L.L. This leaves the company with 219,105,136 treasury shares, equivalent to 5.72% of its total shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.
The Chairman's report and Consolidated Financial Statements of the National Corporation for Tourism and Hotels for the year ended 31 December 2023 have been released. The report provides an overview of the corporation's financial performance and activities throughout the year.