ESHRAQ INVESTMENTS P.J.S.C

Logotype for ESHRAQ INVESTMENTS P.J.S.C
Ticker/ISIN
ESHRAQ
AEE000901018
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
0.31 AED
2024-02-21

Year to date

-0.29 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

The company was established in Abu Dhabi in 2006 as a private joint stock company and became a public joint stock company in 2011 The company continued to achieve good returns in real estate investment sector and the company is working in the activity of real estate investment in the areas of distinctive, especially in Abu Dhabi and Dubai, which carries with it the advantages of good returns and secure on long term and the company will focus in promising projects in the sectors of real estate with low risk.

Latest Pressrelease Summaries

On October 4, 2024, Eshraq Investments PJSC held its fifth Board of Directors' meeting for the year. The meeting took place at 11:30 am and involved discussions and approvals of general business matters related to the company. The disclosure was addressed to the Abu Dhabi Securities Exchange's Disclosure and Compliance Section. The letter was signed by Mohammad Al Bazaieh, the Corporate/Board Secretary.
Eshraq Investments PJSC has scheduled its Board of Directors' Meeting No. 5 for the year 2024 on Friday, October 4, 2024. The meeting will be conducted via video and audio conference call, starting at 11:30 AM. The agenda for the meeting includes discussing general business matters that will not impact the share price. The disclosure was signed by Mohammad Al Bazaieh, the Corporate/Board Secretary, and addressed to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange.
ESHRAQ INVESTMENTS PJSC has released a review report and condensed consolidated financial information for the six-month period ending on June 30, 2024.
Resolution No. (475) of 2024 announces the temporary suspension of trading on the shares of ESHRAQ INVESTMENTS P.J.S.C. due to the company's failure to submit their financial statement. The suspension will commence on August 14, 2024, and will remain in effect until further notice. The resolution mandates all heads of departments in ADX to execute this decision within their respective fields and requires the resolution to be circulated to the SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person and was issued on August 14, 2024.
Eshraq Investments PJSC held a Board of Directors meeting on August 13, 2024, with all five board members present, achieving a 100% quorum. The board approved the condensed consolidated interim financial information for the six-month period ending June 30, 2024 (unaudited) for Q2 of 2024 and authorized the Chairman to sign them. Additionally, the board made decisions regarding internal administrative and organizational matters. The disclosure was communicated to the Abu Dhabi Securities Exchange.
Eshraq Investments PJSC has announced that their Board of Directors' Meeting No. 4 for the year 2024 will be held on Tuesday, August 13, 2024, via video and audio conference call, starting at 16:30. The agenda includes reviewing and approving the condensed consolidated interim financial information for the six-month period ending June 30, 2024 (unaudited), and discussing other general business matters. The announcement was made by Mohammad Al Bazaieh, Corporate/Board Secretary.
Eshraq Investments PJSC, listed on the Abu Dhabi Securities Exchange, has announced a new corporate strategy focusing on directly held Private Equity investments in high-growth GCC companies over a 5-7 year period. This strategy aims to maximize shareholder value by balancing the portfolio with cash generation from minority equity positions, fixed income assets, and Real Estate investments. The company is also evaluating options for its legacy portfolio, including developed and undeveloped Real Estate assets and the future management of the Goldilocks Fund. The Board has mandated immediate execution of the strategy. Chairman Fahad Al Qassim and CEO Mohamed Al Hashimi expressed confidence in the new direction, highlighting the company's strong balance sheet and experienced management team as key enablers for future growth. Further announcements regarding the transition of legacy assets are expected soon.
Eshraq Investments PJSC held its third Board of Directors meeting for 2024 on 14/05/2024, with all five board members present. The Board approved the minutes of the previous meeting held on 19/03/2024. Mr. Fahad Abdulqader Al Qassim was elected as the Chairman of the Board of Directors, and Mr. Matar Hamdan Al Ameri was elected as the Vice-Chairman. The members of the Board's committees were appointed. The Board also approved the condensed consolidated interim financial information for Q1 2024 and delegated signing authority to the Chairman. Decisions regarding internal administrative and organizational matters were also taken.

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News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: Announcement- Report no. 88 dated 27/12/2023 on purchase of shares by Eshraq- ADX approved Buy-Back program.

Eshraq Investments PJSC has purchased 90,000 shares as per the Abu Dhabi Securities Exchange (ADX) approved Buy-back program. The decision for the buy-back was made on 18/10/2023 and approved by ADX on 24/10/2023. The shares represent 10% of the total subscribed shares, purchased at a price of 0.4125 fils each. The transactions were executed by FAB Securities. After the current purchase, the company holds 4.78% of Treasury Shares. The number of unpurchased shares as per SCA approval stands at 147,296,196.

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ADX News

ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: ESHRAQ INVESTMENTS P.J.S.C Board Meeting Results held on 27/12/2023 at 16:30

On 27/12/2023, Eshraq Investments PJSC held a board meeting with all five board members present. The meeting approved the minutes of the previous board meeting held on 09/11/2023, the budget for the financial years 2024 and 2025, and decisions concerning internal administrative and organizational matters. It was also decided to call for a General Assembly as soon as possible, subject to regulatory approval, to consider the company's share buyback program.

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ADX News

ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: Announcement- Report no. 87 dated 26/12/2023 on purchase of shares by Eshraq- ADX approved Buy-Back program.

Eshraq Investments PJSC has released a report on its share buy-back program approved by the Abu Dhabi Securities Exchange (ADX). The company's board decided on the buy-back on 18/10/2023 and received approval to extend the buy-back on 24/10/2023. The company was approved to purchase 10% of its total subscribed shares. So far, Eshraq has purchased 100,000 shares at 0.4105 fils each on 26/12/2023, executed by FAB Securities. There are still 147,386,196 shares unpurchased as per SCA approval. After the current purchase, the company holds 4.77% of treasury shares.

1. Attached Document

ADX News

ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: Announcement- Report no. 86 dated 25/12/2023 on purchase of shares by Eshraq- ADX approved Buy-Back program.

Eshraq Investments PJSC has released a report detailing its recent share buy-back activity. The report, dated 25/12/2023, states that the company has purchased 240,000 shares on the Abu Dhabi Securities Exchange at a price of 0.4088 fils per share. This activity was approved by the ADX on 24/10/2023, following a decision by Eshraq's Board of Directors on 18/10/2023. The total percentage of shares approved for purchase out of the total subscribed shares was 10%. Following this transaction, the company holds 4.77% of its shares as treasury shares. The remaining number of unpurchased shares, as approved by the SCA, is 147,486,196. The transactions were executed by FAB Securities.

1. Attached Document

ADX News

ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: Announcement- Report no. 85 dated 22/12/2023 on purchase of shares by Eshraq- ADX approved Buy-Back program.

Eshraq Investments PJSC has purchased 345,000 of its own shares as part of the Abu Dhabi Securities Exchange (ADX) approved Buy-back program. The decision to buy back the shares was made at a board meeting on 18/10/2023 and ADX approval to extend the buy-back was granted on 24/10/2023. The shares represent 10% of the total subscribed shares and were bought at a price of 0.4072 fils per share. The transactions were executed by FAB Securities. After the current purchase, the company holds 4.76% of its shares in treasury. There are still 147,726,196 shares unpurchased as per the Securities and Commodities Authority's approval.

1. Attached Document

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ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: ESHRAQ INVESTMENTS P.J.S.C Announcement of Board Meeting to be held on 27/12/2023 at 16:30

The Board of Directors of Eshraq Investments PJSC is scheduled to meet on December 27, 2023, via video and audio conference call. The agenda includes the ratification of the minutes from the previous meeting held on November 9, 2023, review and approval of the budget for financial years 2024 and 2025, consideration of calling a General Assembly meeting to discuss the company's share buyback program, and other operational matters.

1. Attached Document

ADX News

ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: Announcement- Report no. 84 dated 21/12/2023 on purchase of shares by Eshraq- ADX approved Buy-Back program.

Eshraq Investments PJSC has purchased 822,000 shares as part of a buy-back program approved by the Abu Dhabi Securities Exchange (ADX). The decision for the buy-back was made by the Board of Directors on 18/10/2023 and approved by ADX on 24/10/2023. The shares represent 10% of the total subscribed shares and were bought at a price of 0.4089 fils per share. The transactions were executed by FAB Securities. After this purchase, the company holds 4.75% of its shares as treasury shares. There are still 148,071,196 shares unpurchased as per SCA approval.

1. Attached Document

ADX News

ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: -Announcement- Report no. 83 dated 19/12/2023 on purchase of shares by Eshraq- ADX approved Buy-Back program

Eshraq Investments PJSC has reported the purchase of 700,000 shares as part of the Abu Dhabi Securities Exchange approved buy-back program. The decision to buy-back was made on 18/10/2023, with approval to extend the buy-back given on 24/10/2023. The purchased shares represent 10% of the total subscribed shares, bought at a price of 0.410 fils per share. The transactions were executed by FAB Securities. After the current purchase, Eshraq Investments PJSC holds 4.72% of its shares in treasury, with 148,893,196 shares still unpurchased as per SCA approval.

1. Attached Document

ADX News

ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: Announcement- Report no. 82 dated 18/12/2023 on purchase of shares by Eshraq- ADX approved Buy-Back program.

1. Attached Document

ADX News

ADX News

News Update From ESHRAQ INVESTMENTS P.J.S.C

Disclosures: Announcement- Report no. 81 dated 12/12/2023 on purchase of shares by Eshraq- Securities & Commodities Authority's approved Buy-Back program.

The report from Eshraq Investments PJSC, dated 12/12/2023, provides information on the company's share buy-back program approved by the Abu Dhabi Securities Exchange (ADX). The Board of Directors decided on the buy-back on 18/10/2023, and the ADX approved the extension on 24/10/2023. The company was authorized to purchase 10% of the total subscribed shares, and it bought 897,205 shares on 12/12/2023 for 0.4112 fils each. The transactions were executed by FAB Securities. After the purchase, the company holds 4.68% of Treasury Shares, leaving 149,993,196 shares unpurchased as per SCA approval.

1. Attached Document