GHITHA HOLDING P.J.S.C.

The text refers to the Directors' Report and Consolidated Financial Statements of Ghitha Holding PJSC as of 31st December 2023.

Ghitha Holding PJSC, a subsidiary of the International Holding Company, reported a 100% increase in revenue in 2023, amounting to AED 4.6 billion. This growth is attributed to strategic acquisitions and expansion across various sectors and locations. The company's operational profit also grew by 64% YoY to AED 99 million, while EBITDA increased by 22% YoY to AED 79 million. Total assets rose by 32% YoY to AED 7.1 billion. The company's CEO, Mr. Falal Ameen, attributes this success to a clear vision and dedication to rapid growth. Looking ahead, Ghitha plans to continue its growth and innovation, with a focus on strategic acquisitions, supply chain efficiency, and focused marketing efforts.

The Ghitha Holding PJSC sent a letter to the Disclosure and Compliance Section of the Market Operations Surveillance Department at the Abu Dhabi Securities Exchange. The letter, dated 20/11/2023, announces that the company's Board of Directors will be passing a resolution by circulation on 23rd November 2023 at 3:30 pm. The resolution concerns the appointment of the Chairman and Vice-Chairman for the upcoming term, the appointment of Board committees, and other unspecified matters.