Press releases, Reports & Disclosures for Fujairah Building Industries P.S.C

The text refers to the unaudited, condensed consolidated interim financial statements of Fujairah Building Industries P.J.S.C. and its subsidiaries as of 31st March 2024.

The Board of Directors of Fujairah Building Industries P.J.S.C. and its subsidiaries released their reviewed condensed consolidated interim financial statements for the period ending 31 March 2024. The company's main activities, including manufacturing and marketing of various industrial products, remained unchanged. The company's revenue increased to AED 51,015,061 from AED 45,510,098 in the previous year, and the net profit for the period was AED 6,281,313. The company's general assembly approved a cash dividend distribution of AED 40.7 million. The board expects the group to continue its operations in the foreseeable future. No significant events occurred after the period end that could affect the company's operations. KPMG Lower Gulf Limited, Dubai, UAE, was approved as the company's independent auditors for the financial year 2024.

Resolution No. 386 of 2024 temporarily suspends trading on the shares of Fujairah Building Industries P.S.C on the ADX. The suspension is due to a coinciding Board of Directors meeting at 11:00 on 9-May-2024, with the trading session at ADX. Trading in FBICO shares will be suspended from 09:00 on 9-May-2024 until ADX receives the meeting results. All heads of departments in ADX are to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 02/05/2024.