Dubai Refreshment Approves 2024 Financials
Dubai Refreshment P.J.S.C. announces key decisions following their recent Board of Directors meeting.
Summary
Dubai Refreshment P.J.S.C. has approved its 2024 financial statements and integrated report, with plans for their AGM on March 12, 2025.
Dubai Refreshment P.J.S.C., a prominent player in the UAE's beverage industry, has announced the outcomes of its recent Board of Directors meeting held on February 11, 2025. The company, which has been a cornerstone in the UAE's beverage sector since its inception in 1959, continues to demonstrate resilience and strategic foresight in an ever-evolving market.
The Board approved the financial statements for the fiscal year 2024, indicating the company's robust financial health and commitment to transparency. This approval is a testament to Dubai Refreshment's solid performance amidst challenging market conditions, underscoring its ability to adapt and thrive.
Additionally, the Board sanctioned the company's Integrated Report for 2024, reflecting its dedication to sustainable business practices and corporate responsibility. This report provides stakeholders with a comprehensive view of the company's financial and non-financial performance, aligning with global best practices in corporate reporting.
Looking ahead, the company has scheduled its Annual General Assembly (AGM) for March 12, 2025. This meeting will be pivotal for stakeholders, offering insights into the company's strategic direction and future initiatives. The AGM will be conducted both in-person at the company's premises and virtually, subject to approval by the Securities and Commodities Authority (SCA), ensuring accessibility for all stakeholders.
Dubai Refreshment's strategic maneuvers, including its focus on digital integration and sustainable practices, position it well for future growth. The company's exclusive rights to bottle and sell Pepsi Cola, 7Up, and Aquafina across the UAE, coupled with its export capabilities, provide a strong foundation for continued success.
Given the company's strong financial footing, strategic initiatives, and market positioning, investors might consider a 'buy' stance on Dubai Refreshment shares. The company's proactive approach to market challenges and commitment to stakeholder value creation make it a promising investment in the UAE's dynamic beverage sector.
Source
Summary
On 11 February 2025, the Board of Directors of Dubai Refreshment P.J.S.C held a meeting at their premises in Dubai Investment Park 2 and via online video technology. During this meeting, they approved the financial statements and the Integrated Report for the year 2024. Additionally, they agreed on the date and agenda for the Annual General Assembly, scheduled for 12 March 2025 at 12:00 PM, to be held at the company premises and online, pending approval from the Securities and Commodities Authority (SCA).
Summary
On 11 February 2025, the Board of Directors of Dubai Refreshment P.J.S.C held a meeting at their premises in Dubai Investment Park 2 and via online video technology. During this meeting, they approved the financial statements and the Integrated Report of the Company for the year 2024. Additionally, they approved the date and agenda for the Annual General Assembly, scheduled for 12 March 2025 at 12:00 PM, which will take place at the company premises and online, pending approval from the Securities and Commodities Authority (SCA).
