Press releases, Reports & Disclosures for Invictus Investment Company PLC

Invictus Investment Company Plc (ADX: INVICTUS), a prominent agro-food enterprise in the Middle East and Africa, announced an agreement to acquire a leading flour milling company in Southern Africa, pending regulatory approvals. This acquisition is part of Invictus Investment's strategy to expand its geographic presence and trading capabilities in key African markets. CEO Amir Daoud Abdellatif stated that the acquisition supports the company's long-term strategy to grow its agro-food business in high-potential African markets, develop strategic partnerships, and enhance operational capabilities. This marks Invictus Investment's second major transaction in Africa in 2024, following the purchase of a 60% stake in Graderco, Morocco's leading grains trading company. The company continues to explore further acquisitions, joint ventures, and investments in strategic African markets. Invictus Investment, established in March 2022 and based in Dubai, focuses on agro-food commodities through its main subsidiary, Invictus Trading FZE.

Invictus Investment Company reported a 35% increase in commodity transaction volumes, reaching 3.36 million metric tonnes in H1 2024, compared to 2.48 million metric tonnes in H1 2023. Revenue remained stable at AED 4.26 billion, a 0.55% increase from the previous year. Net profit was AED 84.23 million, and total equity rose to AED 1.11 billion from AED 990.1 million in H1 2023. The company attributed its resilient performance to strong profit margins and growth in sales volumes despite challenging market conditions. CEO Amir Daoud Abdellatif emphasized the company's focus on investments in value chains and downstream acquisitions to enhance operational capabilities. Additionally, Invictus Investment published its first Environmental, Social, and Governance (ESG) report for 2023, marking progress in its sustainability efforts.

On August 13, 2024, Invictus Investment Company PLC held a virtual Board of Directors meeting at 3 pm UAE time, with all board members in attendance. During the meeting, they approved the Interim Condensed Consolidated Financial Statements for the six-month period ending June 30, 2024, and discussed general business matters that do not impact the company's share price. The meeting details were communicated by Amir Dawd Abdellatif Ibrahim, the CEO.

The Invictus Investment Company PLC Board of Directors' meeting has been rescheduled to a later date. The meeting will now be held virtually on Tuesday, August 13, 2024, at 3:00 PM UAE time. The agenda includes discussing and approving the financial statements for the six-month period ending June 30, 2024, and addressing other general business matters that do not impact the company's share price. Regards, Amir Daowd Abdellatif Ibrahim – CEO

On August 2, 2024, a virtual meeting of the Board of Directors of Invictus Investment Company PLC was held at 3:00 PM UAE time, with all board members present. During the meeting, the board approved a binding offer to acquire a majority shareholding in an agro-food manufacturing company based in Africa. This acquisition aligns with Invictus' growth strategy and will complement its existing agro-commodity trading business. The board also approved the necessary transaction authorities to complete all binding documentation related to the acquisition.

Resolution No. (450) of 2024, issued on August 5, 2024, announces the temporary suspension of trading on the shares of Invictus Investment Company PLC due to their failure to submit a financial statement. This suspension will remain in effect until further notice. The resolution mandates that all heads of departments in ADX (Abu Dhabi Securities Exchange) are to implement this decision within their respective areas. Furthermore, the resolution will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person.

The Invictus Investment Company PLC's Board of Directors will hold a virtual meeting on Friday, August 2, 2024, at 3:00 PM UAE time. The agenda includes reviewing and approving a binding offer to purchase a majority shareholding in a food manufacturing business in Africa and discussing other general business matters that do not impact the share price. The notification is signed by the CEO, Amir Daowd Abdellatif Ibrahim.

The Board of Directors meeting for Invictus Investment Company PLC has been postponed and will now take place virtually on Friday, August 9, 2024, at 3:00 PM UAE time. The agenda for the meeting includes discussing and approving the financial statements for the six-month period ending June 30, 2024, and addressing other general business matters that do not significantly impact the company's share price. The notification is signed by Amir Daowd Abdellatif Ibrahim, the CEO.

The text is a formal notification from Invictus Investment Company PLC regarding an upcoming Board of Directors meeting. The meeting will be held virtually on Thursday, July 25, 2024, at 3:30 PM UAE time. The agenda includes discussing and approving the financial statements for the six-month period ending June 30, 2024, and addressing other general business matters that are not expected to impact the company's share price. The notice is signed by the CEO, Amir Daowd Abdellatif Ibrahim.

The Board of Directors of Invictus Investment Company PLC conducted a virtual meeting on May 23, 2024. The board unanimously approved a binding offer to buy a majority stake in an agro-food manufacturing company based in North Africa. This acquisition aligns with Invictus' growth strategy and will have a direct synergy with its current agro-commodity trading business. The board also approved the transaction authorities to execute all binding documentation to complete the transaction.