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Eshraq Investments PJSC held a Board of Directors meeting on August 13, 2024, with all five board members present, achieving a 100% quorum. The board approved the condensed consolidated interim financial information for the six-month period ending June 30, 2024 (unaudited) for Q2 of 2024 and authorized the Chairman to sign them. Additionally, the board made decisions regarding internal administrative and organizational matters. The disclosure was communicated to the Abu Dhabi Securities Exchange.
Oman and Emirates Investment Holding Company SAOG has released its consolidated and separate condensed interim financial statements for the six-month period ending on June 30, 2024.
The preliminary consolidated financial statements for the financial year ending June 30, 2024, show the following key elements in USD millions: **Income Statement**: - Gross Operating Income: $132 million (2024) vs. $126 million (2023) - Net Profit for the Year: $105 million (2024) vs. $113 million (2023) - Earnings per Share: 5.07 cents (2024) vs. 6.04 cents (2023) **Balance Sheet**: - Total Assets: $1,751 million (2024) vs. $1,426 million (2023) - Total Liabilities: $289 million (2024) vs. $191 million (2023) - Total Equity: $1,462 million (2024) vs. $1,235 million (2023) Note: These preliminary results are unaudited and may differ from the audited consolidated financial statements as they are subject to external audit.
The preliminary consolidated financial statements for the financial year ending June 30, 2024, report all amounts in USD millions. Key elements include: **Income Statement:** - Gross Operating Income: $132 million (2024) vs. $126 million (2023) - Net Profit for the Year: $105 million (2024) vs. $113 million (2023) - Earnings per Share: 5.07 cents (2024) vs. 6.04 cents (2023) **Balance Sheet:** - Total Assets: $1,751 million (2024) vs. $1,426 million (2023) - Total Liabilities: $289 million (2024) vs. $191 million (2023) - Total Equity: $1,462 million (2024) vs. $1,235 million (2023) Note: These preliminary results are unaudited and may differ from the audited consolidated financial statements as they are subject to external audit.
Watania International Holding (WIH) reported a net profit of AED 7.9 million for the first half of 2024, a significant improvement from a loss of AED 3.9 million in the same period last year. The company's combined operating ratio (COR) improved to just under 100%, driven by strong performance in its Medical Takaful and Family Islamic insurance businesses. Despite large one-time claims due to unprecedented April rains in the UAE, WIH maintained overall profitability. Chairman Dr. Ali Saeed Bin Harmal Aldhaheri attributed the solid performance to the company's robust risk mitigation framework and successful turnaround strategy. WIH also launched its inaugural integrated annual and sustainability report for 2023 and continued to build strategic partnerships to support road safety and community wellbeing.
On 13 August 2024, Watania International Holding (PJSC) held a Board of Directors meeting starting at 12:00 PM. The board approved the financial statements for the second quarter ending on 30 June 2024 and discussed routine business matters. The meeting details were authorized by Nawal Ma’ally, the Board Secretary, and the document was signed and dated on the same day with the company’s seal.