Press releases, Reports & Disclosures for Invictus Investment Company PLC

Invictus Investment Company reported record financial results for 2023, with a 35% increase in revenue and a 110% growth in commodity transaction volumes. The company's revenue rose to AED 8.1 billion in 2023, up from AED 5.9 billion in 2022. However, its net profit decreased to AED 213.6 million in 2023 from AED 454.5 million in 2022 due to lower international commodity prices and strategic investments in resources and operating capacity. The company also expanded into ten new markets and introduced new products, contributing to its performance. Despite global challenges, the CEO highlighted their operational resilience and plans for continued strategic investment in their supply chain.

The Invictus Investment Company PLC held a virtual Board of Directors' meeting on February 9th, 2024. The board approved the audited Financial Statements for the year ending December 31st, 2023. They also recommended a total dividend payout of AED 45,000,000 or 4.02 fils per share, pending shareholder approval at the Annual General Assembly Meeting (AGM). Furthermore, they proposed that the AGM should be held no later than 3pm on April 19th, 2024, with a detailed agenda to be provided 21 days prior.

The Board of Directors of Invictus Investment Company PLC will hold a virtual meeting on February 9th, 2024 at 3:05pm UAE time. The agenda includes the approval of the audited Financial Statements for the year ending December 31st, 2023, and setting the date and agenda for the Annual General Assembly Meeting (AGM). The AGM will include the approval of audited financials and report, and review and recommendation of other approvals.

The Moroccan Competition Council has published a communique about a potential acquisition by Invictus Investment Company PLC of 60% shares and associated voting rights from Zalar Holding SA in Graderco SA and its various subsidiaries in Morocco. Graderco SA, a major local trading company in Morocco, imports grains and other commodities, supplying to the country's top manufacturers for human and animal nutrition. The potential transaction aligns with Invictus' expertise in international grains and commodity trading and its business development strategy, including joint ventures in key markets.