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Burjeel Holdings PLC, a leading super-specialty healthcare services provider in the MENA region listed on the Abu Dhabi Securities Exchange, reported double-digit revenue growth for the first half of 2024. The Group's revenue increased by 10% to AED 2.4 billion, driven by a 6% rise in patient footfall and improvements in patient yield. Burjeel Medical Center (BMC) saw a 21% growth in top-line revenue, with patient footfall reaching 3.1 million in H1'24 and accelerating to 11% in Q2'24. BMC's EBITDA rose by 41% to AED 93 million, while the hospitals' EBITDA grew by 9% to AED 464 million, reflecting strong growth in oncology and other advanced specialty services. The hospitals' net profit improved by 24% to AED 253 million due to growth asset ramp-up and cost optimization. Burjeel Holdings also launched IMed Technologies to create AI-based health tech solutions, aiming to enhance patient care, provider satisfaction, and financial performance.
On 7 August 2024, the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange received a notice from the Abu Dhabi Ports Company PJSC. The notice informed that the Board of Directors would hold a meeting via video conference at 5:00 p.m. on Monday, 12 August 2024. The agenda for the meeting includes discussing and approving the company's financial statements for the second quarter of the financial year 2024 and addressing general matters related to the company's activities and projects. The notice was signed by Emil Pellicer, the General Counsel, and a copy was sent to the Securities and Commodities Authority.
On August 7, 2024, the Board of Directors of Abu Dhabi National Takaful Company held a meeting from 11:00 AM to 12:30 PM with 8 members present, achieving an 88% quorum. The board approved the minutes of the previous meeting, discussed and approved the financial statements for the period ending June 30, 2024, and addressed general operational issues. The meeting was authorized by Osama Abdeen, the Chief Executive Officer.
The Board of Directors of E7 Group PJSC will hold a meeting on Monday, 12 August 2024, at 3:00 p.m. in Abu Dhabi. The agenda includes reviewing the company's financial statements for the second quarter ending 30 June 2024 and discussing other general business matters. The notification is issued by Clinton Genty-Nott, the Board Secretary, and a copy has been sent to the Securities and Commodities Authority.
Sawaeed Holding PJSC has acquired United International Group (UIG) and Progressive Real Estate Development from Emirates Stallions Group (ESG). This acquisition enhances Sawaeed's presence in the UAE's manpower and workers accommodation sectors, particularly in oil and gas, construction, and various industrial fields. The strategic move consolidates ESG's manpower services and workers accommodation businesses under Sawaeed, positioning it as the flagship platform in these sectors. This integration doubles Sawaeed's manpower resources and expands its capabilities to support the UAE's economic growth.