APEX INVESTMENT P.S.C

Apex Investment PSC has announced a 62.5% year-on-year increase in its net profit for Q1 2024, excluding fair value changes and corporate tax. The company underwent a holistic transformation in 2023 to establish core foundations and accelerate growth. Now, Apex operates across three core verticals: Services, Structures, and Investments. The Q1 2024 results showed a 32% increase in revenue compared to the same period last year, with a gross profit margin of 21.4%. Net operating profit also significantly increased, and despite exposure to uncontrollable factors, the company reported a positive net profit before tax of AED 5.4M, compared to a loss of AED 190.1M in Q1 2023. The company plans to continue focusing on growth organically and through acquisitions across all three verticals until the end of 2024.

The General Assembly Meeting of Apex Investment PSC took place on Tuesday, 5th March 2024, starting at 3:00 PM and ending at 3:10 PM. The meeting was chaired by Khalifa Khoury and was held at the company's head office in Abu Dhabi, as well as virtually. The attendance included 0.01% personal attendance, 84.12% proxy, and 84.14% through electronic voting. Decisions made included the election of new board members. The special decisions included the appointments of Ahmed Amer Omar as Managing Director, Hamad Khlfan Ali Matar Al Shamsi, Futoon Hamdan Mohamed Saif Al Mazrouei, and Saie Thomas.

The General Assembly Meeting of Apex Investment PSC took place on 5th March 2024, from 3:00PM to 4:00PM, chaired by Khalifa Khoury. The quorum of total attendance was 84.14%, with 0.01% in personal attendance and 84.12% by proxy, and the same percentage attending through electronic voting. The meeting resulted in the election of new board members, including Ahmed Amer Omar, Hamad Khalfan Ali Matar Al Shamsi, Futoon Hamdan Mohamed Saif Al Mazrouei, and Saie Thomas.