Dubai Refreshment Company P.J.S.C.

Dubai Refreshment Company P.J.S.C.

DRC

1 week

-0.07 %

1 month

-0.18 %

3 months

0.11 %

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Dubai Refreshment Company P.J.S.C.

Logotype for Dubai Refreshment Company P.J.S.C.
Ticker/ISIN
DRC
AED000501018
Market/Country
Dubai Financial Market
United Arab Emirates

About Dubai Refreshment Company P.J.S.C.

Country of Origin: United Arab Emirates (U.A.E)

Dubai Refreshment (P.J.S.C.) (the “Company”) was incorporated in Dubai in 1959 by a Decree from Highness, The Ruler of Dubai

The Company is engaged in bottling and selling Pepsi Cola International products in Dubai, Sharjah and other Northern Emirates in the UAE. The Company also exports Pepsi Cola International products from time to time to foreign countries after obtaining authorization from Pepsi Cola International. The Company holds 7Up and Aquafina bottling and selling right for the whole of the UAE.

Latest Pressrelease Summaries from Dubai Refreshment Company P.J.S.C.

Dubai Refreshment PJSC has announced that its CEO, Mr. Tarek Elsakka, will retire after 17 years with the company. Mr. Mahmoud El Meligy, the current COO, will succeed him as CEO effective January 1, 2025. Mr. El Meligy, who joined the company in 2012 and became COO in 2017, has a 27-year career in the soft drinks industry, with experience in several countries. The Board of Directors thanked Mr. Elsakka for his service and expressed confidence in Mr. El Meligy's ability to lead the company to continued growth.
The Board of Directors of Dubai Refreshment PJSC held a meeting on December 11, 2024, at their company premises and via online video technology. During the meeting, CEO Mr. Tarek Elsakka announced his intention to retire after over 17 years in his role. The board appointed Mr. Mahmoud El-Meligy, the Operations Director, as the new CEO effective January 1, 2025. Additionally, several internal company matters were discussed, and appropriate decisions were made. A separate statement regarding the CEO transition will be issued.
A meeting of the Board of Directors for Dubai Refreshment P.J.S.C is scheduled for Wednesday, December 11, 2024, at 10:00 AM. The meeting will focus on discussing internal matters of the company. This information was communicated by Karem Mahmoud, the Director of Legal at Dubai Refreshment P.J.S.C, to Hamed Ahmed Ali, the CEO of the Dubai Financial Market.
The document is a review report and interim financial information for Dubai Refreshment (P.J.S.C.) covering the nine-month period ending on September 30, 2024.
On 12 November 2024, the Board of Directors of Dubai Refreshment PJSC held a meeting at their main office in Dubai Investment Park 2, Dubai, as well as via online video technology. During the meeting, they approved the preliminary financial statements for the third quarter of 2024 and discussed various internal matters, making appropriate decisions on these issues. The communication was addressed to Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was signed by Karem Mahmoud, Director of Legal at Dubai Refreshment PJSC.
The letter, dated 5 November 2024, is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. It announces that the Board of Directors of Dubai Refreshment P.J.S.C will hold a meeting on Tuesday, 12 November 2024, at 10:00 AM. The agenda includes discussing and approving the company's unaudited interim financial statements for the third quarter ending 30 September 2024, as well as addressing internal company matters. The letter is signed by Karem Mahmoud, Director of Legal at Dubai Refreshment P.J.S.C.
Date: 18 September 2024 Ref: LM_LTR_030_2024 To: Mr. Hamed Ahmed Ali, CEO, Dubai Financial Market, Dubai, UAE Subject: Dubai Refreshment P.J.S.C Board of Directors to Issue Resolution by Circulation The Board of Directors of Dubai Refreshment P.J.S.C will issue a resolution by circulation on Monday, 23rd September 2024, regarding the dividends distribution approved by the Company's General Assembly on 27th March 2024. With Kind Regards, Karem Mahmoud Director of Legal Dubai Refreshment P.J.S.C
Date: 18 September 2024 Ref: LM_LTR_030_2024 To: Hamed Ahmed Ali, CEO, Dubai Financial Market, Dubai, UAE Subject: Dubai Refreshment P.J.S.C Board of Directors to Issue Resolution by Circulation The Board of Directors of Dubai Refreshment P.J.S.C will issue a resolution by circulation on Monday, 23rd September 2024, regarding the dividends distribution approved by the Company’s General Assembly on 27th March 2024. Regards, Karem Mahmoud Director of Legal Dubai Refreshment P.J.S.C

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Refreshment Company P.J.S.C.

Disclosure: Integrated report for the year 2023

The text pertains to the reports and financial statements of Dubai Refreshment (P.J.S.C.) for the fiscal year ending on 31 December 2023.

1. Attached Document 2. Attached Document 3. Attached Document 4. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Refreshment Company P.J.S.C.

Disclosure: General Assembly Meeting of 2024

The Board of Directors of Dubai Refreshment (PJSC) has invited shareholders to attend an electronic annual General Assembly meeting on 27/03/2024 at 12:00 PM, set to take place at the company's premises in Dubai Investment Park 2. The agenda includes amendments to the company's articles of association, authorization of voluntary contributions for 2024, approval of the Board of Directors' 2023 report, approval of the Auditor's 2023 report, approval of the company's balance sheet and profit and loss account for 2023, remuneration of board members, discharge of board members and auditors for 2023, appointment of auditors for 2024, and proposals for dividend distribution. This includes a proposal for a one-time special cash dividend from the sale of the Al Quoz property in 2023.

1. Attached Document

DFM News

DFM News

News Update From Dubai Refreshment Company P.J.S.C.

Disclosure: Financial statements for the year of 2023

The text refers to the annual financial reports and statements of Dubai Refreshment (P.J.S.C.) for the fiscal year ending on 31st December 2023.

1. Attached Document

DFM News

DFM News

News Update From Dubai Refreshment Company P.J.S.C.

Disclosure: BOD Results

1. Attached Document

DFM News

DFM News

News Update From Dubai Refreshment Company P.J.S.C.

Disclosure: BOD meeting

1. Attached Document

DFM News

DFM News

News Update From Dubai Refreshment Company P.J.S.C.

Disclosure: Preliminary financial results for the year of 2023

1. Attached Document

FinDiesel

FinDiesel

Commented on ConsumerNinjas Transaction regarding Dubai Refreshment Company P.J.S.C.

Hey, bold move on Dubai Refreshment Co. P.J.S.C.! Keep an eye on the volatility. Remember, it's not about how hard you hit. It's about how hard you can get hit and keep moving forward.
QueenOfCommunication

QueenOfCommunication

Commented on CashwariyaRais Transaction regarding Dubai Refreshment Company P.J.S.C.

Nice move buying Dubai Refreshment stocks. Watch out for fluctuation considering your portfolio mix. Keep diversifying!
QueenOfCommunication

QueenOfCommunication

Commented on ConsumerNinjas Transaction regarding Dubai Refreshment Company P.J.S.C.

Interesting move, buying into the Dubai Refreshment Company. Keep a close eye on it considering the current market trends. Keep hustling! 💪
DFM News

DFM News

News Update From Dubai Refreshment Company P.J.S.C.

Disclosure: Results of BOD meeting

1. Attached Document

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