MBME GROUP Private Joint Stock Company

Logotype for MBME GROUP Private Joint Stock Company
Ticker/ISIN
MBME
AEE01201M235
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
11.86 AED
2023-05-24

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MBME Group was established as the UAE’s first fully integrated online payment platform providing payment collection and aggregation services to UAE government entities, private sector businesses, and retail customers. MBME operates under the patronage of the Abu Dhabi Government. Since its inception, the Company invested significantly in developing and upgrading its payment platform and has now processed more than 90 million transactions, involving over 3.2 million customers of which more than 1.2 million are active users, with annual gross revenues of more than USD1 billion. MBME operates more than 4,000 touch points across all seven of the UAE’s Emirates (operated both directly and indirectly) and has developed more than 650+ application programming interfaces (“API”). The Company’s services are used by customers across multiple sectors of the economy including telecommunications, utilities, transport, government, gaming, entertainment, aviation, travel international money payments, and transfers

Latest Pressrelease Summaries

MBME Group P.J.S.C., based in Abu Dhabi, United Arab Emirates, has released the auditor's review report on its condensed interim financial information for the period ending June 30, 2024.
The General Assembly Meeting of M B M E GROUP P.J.S.C. was held on Thursday, April 4, 2024, at the company headquarters in Abu Dhabi. The meeting was chaired by H.E. Mr. Ali Mohamed Saeed Albadi Aldhaheri and attended by four board members. The total attendance was 88.86% of the capital. The meeting resulted in the approval of a 10% bonus shares dividends distribution and an amendment to the AOA to reflect the capital increase. The annual report on the company's activities and financial position for the financial year ended on 31 December 2023 was also approved. The external auditor's report and the financial statements and profit and loss account for the same financial year were discussed and approved.
MBME Pay Payment Services Provider, a subsidiary of MBME Group, has signed an agreement with Blue Rewards Single Person Company, part of Al-Futtaim Group. The partnership aims to leverage MBME's digitization services to enhance customer satisfaction and meet their needs. This move is part of MBME Group's expansion plan.
The text is an invitation to the Annual General Assembly meeting of the MBME Group P.J.S.C. The meeting is set to take place on Thursday, April 04, 2024, at 3:00 pm at the company headquarters or virtually for all shareholders. The invitation and the approved agenda for the General Assembly meeting are attached. The invitation is signed by Abdelhadi Mohamed, the MD & Group CEO. The MBME Group is based in Abu Dhabi, UAE.
The MBME Pay Payment Services Provider, part of the MBME Group, has signed an agreement with Deem Finance L.L.C. to utilize their digitization services. The primary objective of this agreement is to allow customers to take advantage of the digital services provided by MBME, in order to meet their needs and keep up with the ongoing digital development. The agreement is seen as a significant milestone in the evolution of the MBME Group.
MBME Pay Payment Services Provider, a subsidiary of MBME Group, has signed an agreement with Deem Finance L.L.C. The objective of the agreement is to allow customers to take advantage of the digital services provided by MBME. The services aim to meet customer aspirations and keep up with the digital development currently being experienced. The agreement is seen as a significant milestone in the evolution of MBME Group.
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.
The information in this presentation was prepared by MBME Group PJSC and is intended for informational purposes only, without any guarantee of accuracy or completeness. It does not constitute an offer for the sale or purchase of securities and should not be relied upon for any contractual commitments. The information is based on current matters and may change without notice. There is no obligation to update the information or correct any inaccuracies. The document contains forward-looking statements that are not guaranteed and could differ from actual results due to various factors. These statements should not be relied upon as the most likely scenario. The document has not been reviewed by any regulatory authority and may not be stored or reproduced without permission from MBME Group PJSC.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company General Press Release

MBME Group has signed a collaboration agreement with the Abu Dhabi Chamber of Commerce and Industry (ADCCI). The agreement is aimed at providing digital solutions, innovative technology services, and sustainability-focused APIs. The collaboration will focus on strategic partnerships, advisory and consultations, and strengthening relationships with the Environment Agency, Abu Dhabi, and the Ministry of Climate Change and Environment. The signing took place at the Abu Dhabi Finance Week, attended by MBME Group MD & CEO Mr. Abdelhadi Mohamed and ADDCI’s CEO His Excellency Ahmed Khalifa Al Qubaisi.

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MBME Group has entered into a three-year collaboration agreement with the Abu Dhabi Chamber of Commerce and Industry. The agreement aims to provide digital solutions, innovative technological services, and sustainability-related applications. It focuses on enhancing partnership and strategic consultations, strengthening relations with the Environment Agency, and the Ministry of Climate Change and Environment. This collaboration is considered a significant step in MBME Group's progression.

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News Update From MBME GROUP Private Joint Stock Company

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MBME Pay, a payment services provider and part of the MBME Group, has partnered with Wasl Properties, a renowned real estate and property management company in Dubai. MBME has developed and launched a unique real estate platform that includes custom smart self-service kiosks, comprehensive software applications, and hosting services. The self-service kiosk is user-friendly and specifically designed to meet the needs of Wasl Properties. MBME is also responsible for hosting the developed applications to ensure reliable and secure access.

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Disclosures: MBME GROUP Private Joint Stock Company

MBME Pay Payment Services Provider, a company under MBME Group, has signed an agreement with the Department of Tourism Development in Ajman. The agreement is aimed at developing an application for Ajman Museum tickets via smart kiosks. This partnership will also allow the Department of Tourism Development to benefit from the comprehensive services provided by MBME Pay, thereby improving the level of services offered to its customers.

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News Update From MBME GROUP Private Joint Stock Company

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MBME Pay Payment Services Provider, a part of the MBME Group, has signed an agreement with First Abu Dhabi Bank (FAB) to distribute the bank's government prepaid cards. This partnership aims to utilize the digital solutions and comprehensive channels provided by MBME Pay to reach a larger customer segment and improve service quality. The agreement marks a significant milestone in MBME Group's evolution.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company Board Meeting Results held on 27/10/2023 at 10:30

The Managing Director of MBME Group PJSC, Abdelhadi Mohamed, sent a letter to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange on 27th October 2023. The letter states that the company's Board of Directors held a meeting on 26th October 2023. During the meeting, they approved the new formation of committees and their charters. They also considered and approved resolutions concerning other general internal business matters.

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Disclosures: MBME GROUP Private Joint Stock Company General Press Release

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Disclosures: MBME GROUP Private Joint Stock Company Announcement of Board Meeting to be held on 26/10/2023 at 15:30

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News Update From MBME GROUP Private Joint Stock Company

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company

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