Latest Threads on News from companies

The Board of Directors of Al Wathba National Insurance Company (PJSC) will hold their sixth meeting of 2024 on Wednesday, November 13th, starting at 12:00 PM. The agenda includes reviewing and approving the minutes from the previous meeting, the company's financial statements as of September 30, 2024, related party transactions, reinsurance arrangements, and recent regulations from the Central Bank. They will also review and approve the proposed 2025 budget in alignment with the five-year strategic plan and discuss other general company matters. The meeting details are communicated by Muralikrishnan R, the Chief Financial Officer, with copies sent to the Central Bank of the UAE and the Securities and Commodities Authority.

Abu Dhabi Ship Building (ADSB) has formed a strategic partnership with French company LACROIX to integrate LACROIX's advanced decoy system, SYLENA LW, into ADSB's new RABDAN FA-400 Fast Attack vessel. The agreement was signed at the EURONAVAL 2024 exhibition in Paris. This collaboration aims to enhance the RABDAN FA-400, a 45-meter patrol vessel, by significantly boosting its defense capabilities for various military operations. The vessel, equipped with the decoy system, will be displayed at the Naval Defence Exhibition & Conference (NAVDEX) in Abu Dhabi in February 2025. ADSB is a leader in naval and commercial vessel services and is part of the EDGE Platforms & Systems cluster, contributing to the UAE's naval defense and maritime operations.

The Board of Directors of Waha Capital PJSC will hold a meeting on Tuesday, November 12, 2024, at 12:00 p.m. in Abu Dhabi to discuss general business matters. The notification was issued by the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. Paul Myers, the General Counsel and Board Secretary, signed the notice, which was also sent to the Securities and Commodities Authority.

The text refers to the condensed consolidated interim financial statements of Gulf Medical Projects Company, a public shareholding company, for the nine-month period ending on September 30, 2024.

The Abu Dhabi National Takaful Company PSC has scheduled a board meeting for Tuesday, November 12, 2024, at 10:00 AM. The agenda includes approving the minutes of the previous board meeting, discussing and approving the financial statements for the period ending September 30, 2024, and addressing other general matters. The disclosure is authorized by Osama Abdeen, the Chief Executive Officer.

The Directors' Report for the nine-month period ending 30 September 2024 for Fujairah Building Industries P.J.S.C. and its subsidiaries highlights the group's unchanged principal activities, which include manufacturing and distribution of building materials and quarry operations. Financial performance shows an increase in revenue and net profit from continuing operations compared to the previous year. The general assembly approved a cash dividend distribution of AED 40.8 million. The Board of Directors maintains confidence in the group's ability to continue operations, adopting a going concern basis for financial statements. No significant events occurred after the reporting period. KPMG Lower Gulf Limited was reappointed as the independent auditors for 2024. The report is signed by Chairman Ahmed Saeed Mohammed Alraqbani.