Latest Threads on News from companies
Threads on regulatory news from companies
International Holding Company PJSC (IHC) has issued a notice to inform the public about the misuse of its name, employee names, and logo by scammers promoting fraudulent investment opportunities and tenders online. These scammers are requesting personal, business, and financial information, including credit card and bank details, under the guise of paying tender fees or investing in the company. IHC emphasizes that it never requests personal, business, or financial information through email, mail, or any other means, nor does it ask for payments or investments in such a manner. The company advises verifying the legitimacy of communications by checking that emails come from the official "@ihcuae.com" domain. IHC urges individuals to stay informed about potential scams by visiting its official website or checking news and disclosures on the ADX platform.
Dana Gas reported a net profit of AED 410 million ($112 million) for the first nine months of 2024. Key highlights include a 3% increase in production in the Kurdistan Region of Iraq (KRI) to 38,200 barrels of oil equivalent per day, and an increase in collections to AED 872 million ($238 million) compared to AED 612 million ($167 million) in the same period of 2023. The company reduced its corporate debt from AED 396 million ($108 million) to AED 102 million ($28 million). Revenue for the period was AED 1,048 million ($286 million), a 12% decline from the previous year due to lower prices in the condensate and LPG segments and a production decline in Egypt. Dana Gas is focused on cost and production optimization, particularly in KRI, to mitigate financial challenges. The company plans to resume full-scale construction activities at the KM250 plant, with Pearl Petroleum overseeing the project. Pearl raised $350 million through a bond issue to fund the KM250 expansion, which is expected to boost production capacity significantly. In Egypt, a new Concession Agreement was ratified, consolidating existing concessions into a unified framework with improved terms, committing Dana Gas to significant development and exploration efforts.
Eshraq Investments PJSC, located in Abu Dhabi, UAE, has scheduled a Board of Directors' meeting on Wednesday, November 13, 2024, at 11:30 AM. The meeting agenda includes reviewing and approving the unaudited condensed consolidated interim financial information for the nine-month period ending September 30, 2024 (Q3 2024), reviewing and approving the business plan for 2025 and 2026, and discussing other general business matters. The disclosure was communicated by Mohammad Al Bazaieh, the Corporate/Board Secretary, to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange.
The Abu Dhabi Securities Exchange has been notified of a Board of Directors meeting for ADNOC Logistics & Services PLC scheduled for Wednesday, 13 November 2024, at 4 p.m. via video conference. The meeting will address the approval of the company's financial statements for the third quarter of 2024 and other general matters related to the company's activities and projects. The notification was sent by Abdulkareem Mubarak Almessabi, the Chief Executive Officer, with a copy to the Securities and Commodities Authority.
The document is a review report and contains condensed consolidated interim financial information for Abu Dhabi Aviation PJSC for the nine-month period ending on September 30, 2024. The financial information provided is unaudited.
On November 7, 2024, GFH Financial Group B.S.C. announced details of its market-making activities for October 2024, in compliance with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The market-making transactions were conducted by GFH's liquidity providers: SICO on the Bahrain Bourse, and BHM Capital on the Dubai Financial Market and Abu Dhabi Securities Exchange. As of October 31, 2024, GFH held 207,500,896 treasury shares, representing 5.4% of the Group's total outstanding shares. During October, SICO purchased 371,469 securities and sold 1,030,750 securities on the Bahrain Bourse, with total payments of USD 124,831 and total receipts of USD 345,215.
GFH Financial Group B.S.C. has announced a webcast for its financial results for the third quarter of 2024, ending on September 30, 2024. The webcast is scheduled for Wednesday, November 13, 2024, at 1:00 pm Bahrain time. Shareholders and investors are invited to attend. The announcement is signed by Mariam Jowhary, Head of Compliance & AML, and includes the company seal.