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The Board of Directors of MBME Group PJSC, based in Abu Dhabi, UAE, held a meeting on 29th February 2024. The board approved the audited financial results for the fiscal year ending 31st December 2023, and decided to invite shareholders to the Annual General Assembly on 29th March 2024, subject to the necessary approval from the Ministry of Economy. Other general business matters were also discussed and approved. The board secretary is Paul Mckendry.
Agthia Group, a leading food and beverage company based in Abu Dhabi, has increased its stake in the Egyptian healthy snacks and coffee company Auf Group from 60% to 70%. The additional 10% was sold by Tanmeya Energy B.V., while the Auf family remains as minority shareholders. Agthia initially acquired a 60% stake in Auf Group in November 2021. The acquisition has allowed Agthia to strengthen its position in the Egyptian snacking market and enhance its regional presence as a consumer packaged goods company. The snacking business vertical, formed through the Auf acquisition, is now Agthia's fastest-growing and most profitable segment.
On February 29, 2024, Abu Dhabi National Takaful Company - PSC - Takaful held a board meeting. The agenda included the approval of minutes from the previous meeting, discussion and approval of the company's financial statements for the year ended December 31, 2023, and the proposal of dividends to be distributed to shareholders for the year 2023. The board also discussed and approved the company’s Annual General Assembly meeting agenda and its date, along with other general corporate matters that do not affect the share price. The meeting was authorized by CEO Osama Abdeen.