Multiply Group PJSC

Logotype for Multiply Group PJSC
Ticker/ISIN
MULTIPLY
AEM001001019
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates

About Multiply Group PJSC

With its trademark growth mindset, Multiply Group PJSC is an Abu Dhabi-based holding company that invests in transformative cash-generating businesses it understands.

Multiply Group will continue to deploy capital across its two distinct arms, both of which follow a disciplined approach to investing and ensure consistent, sustainable value creation for our shareholders in the short-medium and long-term:

Multiply, the investments and operations in long-term strategic verticals, currently Mobility, Energy and Utilities, Media and Communications and Beauty and Wellness. Anchor investments provide long term recurring income, through which bolt-on acquisitions are made.

Multiply+, a flexible, sector-agnostic and opportunistic investment arm.

Latest Pressrelease Summaries from Multiply Group PJSC

The text is a formal communication from Multiply Group PJSC to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. It provides a list of candidates for the Board of Directors following a nomination announcement on October 25, 2024. The candidates will be presented to shareholders at an Extraordinary General Assembly Meeting on November 18, 2024. The candidates are Mr. Syed Basar Shueb Syed Shueb, H.E. Hamad Khalfan Ali Matar Alshamsi, H.E. Mansoor Ibrahim Ahmed Saeed AlMansoori, Mr. Richard Matthew Gerson, and Ms. Samia Bouazza. The letter is also copied to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.
Multiply Group P.J.S.C has released its financial results for the third quarter of 2024. The company is listed on the Abu Dhabi Securities Exchange under the ticker symbol MULTIPLY. Further details can be found on their website at www.multiply.ae. The announcement was made on October 29, 2024.
On 29 October 2024, a meeting of the Board of Directors of Multiply Group PJSC was held at 5:00 PM, attended by the majority of board members. During the meeting, the audited financial statements for the third quarter of 2024 were approved, and other business matters were discussed. The information was communicated to the Securities and Commodities Authority in Abu Dhabi, UAE.
Multiply Group PJSC has announced the opening of nominations for its Board of Directors. Shareholders can submit their applications from October 26, 2024, to November 4, 2024. Candidates must send their applications electronically to ir@multiply.ae, including a personal profile, necessary documents, and indicate whether they are applying as an Executive Member, Non-Executive Member, or Independent Member. There are five vacant seats on the board. The nomination period lasts for 10 days, in line with regulatory requirements.
Multiply Group PJSC has announced the opening of nominations for membership on its Board of Directors. The nomination period will run from October 26, 2024, to November 4, 2024. Candidates or shareholders who meet the nomination criteria can apply by submitting an electronic application via email, including a personal profile and necessary documents. Applicants must specify the type of membership they are interested in: Executive Member, Non-Executive Member, or Independent Member. There are five vacant seats available, and the nomination period will last for ten days from the announcement date, in line with regulatory requirements.
Multiply Group PJSC has announced the opening of nominations for its Board of Directors. The nomination period runs from October 26, 2024, to November 4, 2024. Interested candidates or shareholders who meet the nomination criteria can apply by submitting an electronic application via email to ir@multiply.ae. The application must include the applicant's profile, necessary documents, and the type of membership they are applying for (Executive, Non-Executive, or Independent Member). There are five vacant seats on the Board, and nominations will remain open for ten days following the announcement, in line with regulatory requirements.
The Board of Directors of Multiply Group PJSC invites its shareholders to attend the General Assembly Meeting, which will be held on Monday, November 18, 2024, at 3:30 pm. The meeting can be attended virtually via instant video communication and electronic voting, or physically at the company's headquarters in Abu Dhabi, UAE. Shareholders will receive a link for virtual attendance through SMS or email upon registering their attendance. During the meeting, shareholders can submit inquiries, discuss agenda items, and vote on proposed resolutions, including the election of the Board of Directors. As per the Securities and Commodities guidelines, shareholders attending virtually must register electronically to vote on the AGM items.
On October 24, 2024, Multiply Group PJSC reorganized its investment in Abu Dhabi National Energy Company PJSC (TAQA) for strategic purposes. This involved transferring shares from Norm Commercial Investment - Sole Proprietorship L.L.C and Spranza Commercial Investment - Sole Proprietorship L.L.C to Multiply Group International Limited. The transaction was reflected in a block trade of TAQA shares on the same date. These transfers do not affect Multiply Group PJSC's ownership in TAQA.

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News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC AGM change of organizer

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ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Board Meeting Results held on 06/02/2024 at 17:30

On February 6, 2024, the Board of Directors of Multiply Group PJSC held a meeting where they discussed and resolved several matters. They approved the audited financial statements for the year 2023 and the date and agenda of the Company’s General Assembly Meeting, which will be disclosed once approval from the concerned authorities is obtained. The board also recommended not to pay dividends for FY 2023, aiming to reinvest the profits for further expansions and investments. Other business matters were also discussed. The meeting was attended by all board members.

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ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Announcements

On 19th February 2024, Multiply Group PJSC announced a change in the organizer of its annual general assembly meeting, which is now to be managed by the Abu Dhabi Securities Exchange (ADX). The meeting is scheduled for 13th March 2024 at 3:30 pm. Shareholders are advised to send proxy submissions to depository@adx.ae at least two days prior to the meeting to ensure registration and secure voting rights. The company has updated the meeting invite on its website and the ADX website. For inquiries, shareholders can contact 800239 or email depository@adx.ae or ir@multiply.ae.

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ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Invitation to Attend AGM held on 13/03/2024 at 15:30

The Board of Directors of Multiply Group PJSC has invited its shareholders to attend the General Assembly Meeting. The meeting will be held virtually, with the option for physical attendance at the Company’s headquarters in Abu Dhabi. The meeting is scheduled for Wednesday, 13th March 2024, at 3:30 pm. The agenda includes reviewing and approving the company's activity report, financial position, auditor's report, balance sheet, and profit and loss account for the financial year ended 31/12/2023.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Invitation to Attend AGM held on 13/03/2024 at 15:30

The Board of Directors of Multiply Group PJSC, a public joint stock company, has invited its shareholders to attend the annual General Assembly Meeting. The meeting will be held virtually and physically at the company's headquarters in Abu Dhabi, UAE, on March 13, 2024. Shareholders can participate remotely via video communication and electronic voting, or they can attend in person. The agenda includes reviewing and approving the Board's report on the company's activities and financial position for 2023, the auditors' report for 2023, and the company's balance sheet and profit and loss account for 2023.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Board Meeting Results held on 14/02/2024 at 15:00

On 6th February 2024, the Board of Directors of Multiply Group PJSC held a meeting. The board approved the audited financial statements for 2023 and set the date and agenda for the Company's General Assembly Meeting, which will be disclosed once approval from the concerned authorities is obtained. The board also decided not to pay dividends for FY 2023 to reinvest the profits for further expansions and investments. Other business matters were also discussed.

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ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Press Release on the Financial Results for the Period Ended December 31,2023

The text provides information about the full year financial results for 2023 of Multiply Group P.J.S.C, which is listed on the Abu Dhabi Securities Exchange (ADX) under the ticker MULTIPLY. The details of the results can be found on their website. The results were released on 7th February 2024.

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ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Financial Results for the Period Ended December 31,2023

The text presents the Directors Report and Financial Information of Multiply Group PJSC for the fiscal year ending on 31 December 2023.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Board Meeting Results held on 06/02/2024 at 17:30

The Board of Directors of Multiply Group PJSC held a meeting on February 6, 2024. They approved the audited financial statements for 2023, set the date and agenda for the Company’s General Assembly Meeting (which will be disclosed once approved by the concerned authorities), and discussed other business matters.

1. Attached Document

ADX News

ADX News

News Update From Multiply Group PJSC

Disclosures: Multiply Group PJSC Announcement of Board Meeting to be held on 06/02/2024 at 17:30

1. Attached Document