Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The Discussion and Analysis Report for Abu Dhabi National Building Materials Company PJSC, also known as Beldco, covers financial statements up to September 2024. For this period, the company reported net revenues of AED 40,981,848, up from AED 27,843,428 in the same period the previous year. The cost of sales was AED 34,999,842, compared to AED 30,176,989 the previous year. Total profits reached AED 5,982,006, a significant improvement from a total loss of AED 2,333,561 in the prior year. The company recorded consolidated net profits of AED 13,743,681, reversing a consolidated net loss of AED 17,936,171 from the previous year. Earnings per share were 0.05 dirhams, compared to a loss of 0.06 dirhams in the prior year. Net shareholders' equity stood at AED 33,740,871 as of September 30, 2024, up from AED 20,680,212 at the end of 2023. No securities were issued during this financial period.
Emirates Driving Company (DRIVE), listed on the Abu Dhabi Securities Exchange (ADX), has appointed Q Market Maker LLC (QMM) as a liquidity provider, effective November 25, 2024. This agreement aims to enhance liquidity for DRIVE shares on ADX by providing bid-ask quotes in accordance with guidelines from ADX and the UAE Securities and Commodities Authority. The initiative seeks to improve liquidity and increase investor confidence in DRIVE's publicly traded shares.
International Holding Company PJSC (IHC) has issued a notice warning the public about scams using the company's name, employee names, and logo to promote fraudulent investment opportunities and tenders online. These scams request personal, business, and financial information, including credit card and bank details, purportedly for tender fees or investments. IHC emphasizes that it will never request such information or payments via email, mail, or any other means. The company advises caution and verification of any communication claiming to be from IHC, ensuring it originates from the official "@ihcuae.com" domain. To avoid scams, individuals are encouraged to stay informed through IHC's official website or the ADX for the latest news and disclosures.
Dana Gas PJSC has scheduled a board meeting for Wednesday, 27 November 2024, at 09:00 AM. The agenda includes discussions on the company's operations in Egypt, the United Arab Emirates, and the Kurdistan Region of Iraq, approval of the company's 5-year business plan and 2025 budget, ratification of the Q3 2024 financial statements, and other routine matters. The disclosure is authorized by Omran Al Zamani, the Board Secretary, with the document dated 22 November 2024.
On November 21, 2024, Abu Dhabi Ship Building PJSC held a board meeting from 1:00 PM to 3:00 PM, attended by nine board members (six in person and three remotely), achieving a 100% quorum. The board approved the minutes of the previous meeting and the formation of a new "Investor Relations Committee" with Mr. Rodrigo Torres as Chair, and Mr. Khalifa Abushahab and Mr. Abdullah Al Ghafli as members. The company's budget for 2025-2029 was discussed, with proposed amendments to be reviewed at the next meeting. The meeting details were signed by CEO David Massey.