Press releases, Reports & Disclosures for ESHRAQ INVESTMENTS P.J.S.C

Eshraq Investments PJSC has reported the purchase of 650,000 shares as part of its ADX approved buy-back program, according to a report dated 07/12/2023. The shares were bought on the Abu Dhabi Securities Exchange. The decision to buy back the shares was made on 18/10/2023, with the ADX approval to extend the buy-back program granted on 24/10/2023. The shares represent 10% of the total subscribed shares. The purchase price for each transaction was 0.4251 fils. The transactions were executed by FAB Securities. Following this purchase, the company holds 4.65% of treasury shares, with 150,890,401 shares still unpurchased as per SCA approval.

Eshraq Investments PJSC has invited its shareholders to attend a Q3 2023 Management Presentation, following the publication of its Q3 2023 financial results. The presentation and Q&A session, hosted by CEO Mr. Mohamed Al Hashimi, will give shareholders the chance to engage directly with the company's management, learn about its portfolio and investment philosophy, and review Q3 operational and financial performance. The event will be held on 15 November 2023 at 11:00 GST at the Royal M Hotel, Abu Dhabi, and virtually. Pre-registration is required, and the link to the virtual session will be shared upon registration.

The text appears to be a review report and condensed consolidated financial information for Eshraq Investments PJSC. The information provided pertains to the company's financial performance over a nine-month period ending on 30th September 2023. No further details are provided in the prompt.

Eshraq Investments has released its Q3 2023 financial results, revealing a 5% YoY increase in room revenue from commercial real estate operations and a record occupancy rate of 94% for its Marina Rise apartments. The company's total Goldilocks Fund net investment value stood at AED 1.75 billion, while total liabilities reduced by over 30% YoY due to a decrease in bank borrowings. The company also announced a board reshuffle, including a new Chairman and directors, and a share buyback approved by the board. However, the company reported a decline in total operating income by 117.4% YoY and a net loss of AED 83.34 million in Q3 2023, driven by changes in the value of the Goldilocks Fund and higher net finance costs.

The text is a review report and condensed consolidated financial information for Eshraq Investments PJSC. It covers the financial performance and activities of the company for the nine-month period ending on 30th September 2023.

The Board of Directors of Eshraq Investments PJSC held their 11th meeting of 2023 on November 9, with 80% quorum achieved as four out of five board members were present. The board reviewed and approved the condensed consolidated interim financial information for Q3 2023, ending on September 30. The chairman was also authorized to sign them. Additionally, decisions related to internal administrative and organizational matters were made. The details of these decisions were not disclosed in the document.

Resolution No. (237) of 2023 temporarily suspends trading of ESHRAQ INVESTMENTS P.J.S.C shares on ADX due to a board meeting at 12:00 on 9-Nov-2023, which coincides with the trading session. Trading will be suspended from 09:30 on 9-Nov-2023 until ADX receives the meeting results. The resolution instructs all heads of departments in ADX to implement this in their respective fields. 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 07/11/2023.

On 03/11/2023, the Abu Dhabi Securities Exchange received a disclosure from Eshraq Investments PJSC regarding the results of their Board of Directors' Meeting No. 10 of 2023. The meeting, which achieved a 100% quorum, saw the election of Mr. Fahad Abdulqader Alqassim as Chairman and Mr. Matar Hamdan Al Ameri as Vice-Chairman of the Board of Directors. The members of the Committees of the Board of Directors were also appointed, and decisions concerning internal administrative and organizational matters were approved.

Eshraq Investments PJSC held a General Assembly Meeting on Tuesday, 31/10/2023, from 11:00 AM to 1:00 PM at the Royal M hotel in Abu Dhabi. The meeting was also accessible via video and audio conference. The meeting was chaired by board member Mr. Matar Al Ameri, with Mr. Mohammad Al Bazai acting as Rapporteur. Representatives from SCA, the company's auditors Deloitte, and First Abu Dhabi Bank also attended. The assembly approved a Special Resolution to amend article 19 (a) of the company's articles of association, reducing the number of Board of Directors from seven to five, elected by the Shareholders’ General Assembly by secret cumulative voting.