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On 12 August 2024, the Board of Directors of E7 Group PJSC held a meeting in Abu Dhabi at 3:00 p.m. The board approved the company's financial statements for the second quarter ending 30 June 2024 and discussed other general business matters. The notification was issued by the Disclosures and Compliance Section, Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. The information was also copied to the Securities and Commodities Authority. The notice was signed by Clinton Genty-Nott, the Board Secretary.
HAYAH Insurance Company P.J.S.C., located on the 16th floor of Sheikh Sultan Bin Hamdan Building, Corniche Road, P.O. Box 63323, Abu Dhabi, UAE, is a Public Joint Stock Company with a paid-up capital of AED 200 million. It is registered with the Central Bank of the UAE under registration number 83, dated 16/09/2008. On 12th August 2024, the Board approved the financial statements for the second quarter of 2024 by circulation. The meeting was authorized by Mohamed Seghir, the Chief Executive Officer, and the results were disclosed with the company's seal.
On December 8, 2024, Hily Holding PJSC held a board meeting via Microsoft Teams from 2:00 PM to 3:00 PM. Six board members were present, achieving an 85% quorum. The board approved the previous meeting's minutes and the financial statement for the period ending June 30, 2024, which showed a net profit of AED 13.856 million, up from AED 8.517 million for the same period in 2023. Other operational matters were also discussed, and appropriate decisions were made. The meeting was documented by Board Secretary Taysir Mokashfi.
Response Plus Holding PJSC (ADX: RPM), the UAE and KSA's largest pre-hospital care and emergency medical services provider, reported a 24% increase in revenue to AED 209.88 million in the first half of 2024. Net profit for this period was AED 27.17 million, with total assets rising 17% to AED 351 million. The group's Earnings Per Share (EPS) increased from 0.13 to 0.14. The Board announced AED 15 million in interim cash dividends to shareholders. CEO Dr. Rohil Raghavan attributed the growth to cost optimization and increased efficiency. In April 2024, RPM acquired Prometheus Medical International, enhancing its global expansion strategy. RPM operates over 320 clinics and includes subsidiaries such as OccuMed Clinic, RPM Medical Manpower Supply, and Health Tech Training Center.
Foodco National Foodstuff Co PJSC held a Board of Directors meeting on 12/08/2024 via Microsoft Teams from 3:30 PM to 4:30 PM with full quorum and five board members present. The meeting approved the previous minutes and discussed and approved the financial statement for the period ending 30/06/2024, noting a net loss of AED 0.612 million compared to a net loss of AED 10.426 million for the same period in 2023. The meeting's results were documented by Board Secretary Taysir Mokashfi.
E7 Group PJSC reported significant financial growth for the first half of 2024, with a net profit increase of 93% and EBITDA growth of 4%. In Q2 2024, the company achieved a 126% rise in net profit and a 31% increase in EBITDA, driven by securing key contracts across all business segments. The Group's revenue for Q2 2024 grew by 10% year-on-year to AED 174.8 million, contributing to a 5% year-on-year growth for H1 2024. EBITDA for Q2 2024 was AED 51.9 million, reflecting a 31% year-on-year improvement and an EBITDA margin increase to 30%. The company secured new contracts worth AED 285.3 million in H1 2024 and maintained strong cash and bank balances of AED 1.28 billion. E7 Group's segments in printing, security, packaging, and distribution continued to expand their market presence and execute strategic initiatives.
Americana Restaurants International PLC, registered in Abu Dhabi, UAE, announced the completion of a share buyback transaction. The company, listed on the Abu Dhabi Securities Exchange (ADX) under the trading code AMR, received ADX approval for the buyback on May 9, 2024, and AGM approval on April 24, 2024. On August 12, 2024, the company bought back 1,250,000 shares at a weighted average purchase price of AED 2.685 per share through International Securities LLC. To date, 1,250,000 shares have been repurchased, with 23,750,000 shares remaining intended for purchase. The announcement was authorized by Saqib Muhammad Sabir Awan, the Authorized Signatory and Secretary of the Board.