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On 29 October 2024, a meeting of the Board of Directors of Multiply Group PJSC was held at 5:00 PM, attended by the majority of board members. During the meeting, the audited financial statements for the third quarter of 2024 were approved, and other business matters were discussed. The information was communicated to the Securities and Commodities Authority in Abu Dhabi, UAE.

Response Plus Medical Services LLC (RPM), the largest provider of pre-hospital care and emergency medical services in the region, will participate as the official Medical Partner at ADIPEC 2024 in Abu Dhabi from November 4 to 7, 2024. This event, held under the patronage of H.H. Sheikh Mohamed Bin Zayed Al Nahyan and hosted by ADNOC, is the largest gathering for the global energy industry, with over 2,200 organizations and 180,000 attendees. RPM, along with its subsidiary Prometheus Medical International, will showcase their emergency medical solutions and expertise, focusing on wellness, mental health, and technological innovations such as AI solutions and e-aircrafts. Dr. Rohil Raghavan, CEO of RPM, emphasized the importance of the event for enhancing market positioning, fostering business collaborations, and supporting the well-being and operational success of the energy sector.

Americana Restaurants International PLC, located in Abu Dhabi, UAE, informed the Abu Dhabi Securities Exchange that its Audit Committee met on October 29, 2024. During the meeting, the committee endorsed the company's consolidated financial statements for the period ending September 30, 2024. These statements are to be approved by the Board of Directors through circulation. The notification was signed by Saqib Muhammad Sabir Awan, the Secretary of the Board, with a copy sent to the Securities and Commodities Authority.

The scheduled Board of Directors meeting for Emirates Driving Company (DRIVE), initially set for Wednesday, October 30, 2024, has been postponed to Tuesday, November 5, 2024, at 12:00 PM. This change is in line with the principles of disclosure and transparency.

The National Bank of Fujairah (NBF) reported a 39.3% increase in net profit before tax, reaching AED 715 million for the first nine months of 2024, with a net profit after tax of AED 650.4 million. This growth was supported by a 13.2% increase in the balance sheet. In the third quarter of 2024, NBF achieved a net profit before tax of AED 230.1 million, marking a 27.1% rise from the same period in 2023. The bank's performance benefited from favorable market conditions, UAE government initiatives, improved impairment provisions, and cost management amidst global uncertainties. NBF maintained a cautious approach to recognizing problem accounts and reduced net impairment provisions by 16.8% compared to the previous year. The non-performing loan (NPL) ratio was 5.3%, and the provision coverage ratio was 114.6%. The asset quality improved, with the IFRS 9 stage 2 and 3 mix decreasing to 11.4%.

The National Bank of Fujairah (NBF) reported a 39.3% increase in net profit before tax, reaching AED 715 million in the first nine months of 2024, with a net profit after tax of AED 650.4 million. This growth was supported by a 13.2% increase in the balance sheet. The bank's strong performance in the third quarter of 2024, with a 27.1% rise in net profit before tax compared to the same period in 2023, reflects its momentum in selective business growth and the ability to maintain margins despite a declining interest rate environment. Positive market conditions, UAE government initiatives, improved impairment provisions, and cost management contributed to this robust position. NBF's operating profit for the nine-month period was AED 1.3 billion, a 7.6% increase from the same period in 2023, while operating income rose by 8.4% to AED 1.8 billion. Net interest income and income from Islamic financing and investment activities grew by 5.6% to AED 1.33 billion.

Modon Holding has announced a partnership with LuLu Retail to develop and operate hypermarkets and other retail facilities in the UAE and Egypt. This collaboration will utilize Modon Holding's expertise in large-scale project development and LuLu's retail operations to create community retail spaces, including hypermarkets and supermarkets. The partnership will also explore potential locations for retail development, implement smart retail solutions, and enhance customer experiences with innovative technologies. A memorandum of understanding formalizes this partnership, which is part of Modon Holding's growth strategy targeting high-potential sectors. A working committee with representatives from both companies will ensure effective collaboration and decision-making. LuLu Retail, headquartered in Abu Dhabi, is a leading retail chain with a presence in 23 countries and operates 240 stores across the GCC.