Latest Threads on News from companies

Threads on regulatory news from companies

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Insurance Company

Disclosures: Abu Dhabi National Insurance Company Board Meeting Results held on 11/11/2024 at 11:00am

The Abu Dhabi National Insurance Company PJSC held its Board of Directors Meeting No. 7/2024 on Monday, November 11, 2024, from 11:00 am to 12:00 pm. Seven board members were present, meeting the quorum requirement of five out of nine. The board approved the meeting agenda, the minutes from previous meetings No. 5/2024 and No. 6/2024, and decisions made by circulation. They also approved the company's financial statements for the third quarter of 2024 and the recommendations of the board committees. The meeting was documented by Board Secretary Omar Khedr.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Agility The Public Warehousing Company (K.S.C.)

Disclosure: Notification from the company

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C

Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Drake and Scull International PJSC reported a net profit of AED 5.9 million for the third quarter of 2024, marking a significant improvement from a net loss of AED 34.9 million in the same period last year. The company's revenues grew by 13% to AED 21.5 million, driven by increased activity in India, Romania, and Tunisia. For the first nine months of 2024, Drake and Scull achieved a year-to-date profit of AED 3.8 billion, largely due to a write-back of AED 3.75 billion in liabilities as part of their restructuring process. Earnings per share for this period were AED 1.88, compared to a loss per share of AED 0.18 last year. The restructuring has strengthened the company's financial position, increasing total assets to AED 715.6 million and improving equity to AED 174.1 million, while also reducing debt through the conversion of some obligations into Mandatory Convertible Sukuks.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C

Disclosure: Notification from the company

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C

Disclosure: Financial statements for the 3rd QTR of 2024

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Gulf Navigation Holding PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Union Coop

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC

Disclosure: Result of Earnings Call

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emaar Properties PJSC

Disclosure: Press release regarding financial results for the third QTR of 2024

Emaar Properties PJSC reported significant financial growth for the first nine months of 2024. Property sales increased by 60% to AED 50 billion (US$ 13.6 billion), and the revenue backlog exceeded AED 100 billion (US$ 27.2 billion). The company's revenue grew by 30% to AED 23.8 billion (US$ 6.5 billion), and net profit before tax rose by 24% to AED 12.4 billion (US$ 3.4 billion) compared to the same period in 2023. Emaar attributes its success to strong demand in Dubai's real estate market, effective project execution, and investor confidence. The company also achieved a 17% growth in EBITDA, reaching AED 12.6 billion (US$ 3.4 billion). Mohamed Alabbar emphasized Emaar's commitment to adapting to market changes and continuing to deliver luxury living experiences.

1. Attached Document