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Al Salam Bank has introduced a new insurance product called "Al Salam Third-Party Takaful Added Benefits" in collaboration with Solidarity Bahrain. This enhanced third-party motor insurance coverage offers several benefits, including an 8-day car replacement service, 24/7 roadside assistance in Bahrain, and compensation of up to BD 10,000 in the event of an accident with an uninsured vehicle. The initiative follows the successful launch of the bank's Multi-Year Motor Takaful Insurance product. Al Salam Bank aims to expand its range of Sharia-compliant takaful insurance products and offers instant issuance services through its branches and contact centers, with payment options available via cash or the Buy Now, Pay Later service. For more details, customers can visit the bank's website or contact them through WhatsApp or their virtual branch.
Emirates Stallions Group reported a 125% year-on-year revenue growth in Q3 2024, with operational profit rising by 69% to AED 151.78 million. Gross profit increased by 221%, and total assets grew by 13% since December 2023. The group attributes its robust financial performance to portfolio expansion and strategic execution. Total equity rose by 6% to AED 2.43 billion, and the book value per share also increased by 6%. The company remains focused on activities that provide both short-term impact and long-term value creation.
Americana Restaurants International PLC, based in Abu Dhabi, UAE, has issued a notification regarding a resolution to be passed by the Board of Directors. Following a recommendation by the Audit Committee, the Board may approve the company's consolidated financial statements for the period ending September 30, 2024, through circulation. The decision will be disclosed in due course. The notification is addressed to the Chief Executive Officer of the Abu Dhabi Securities Exchange and a copy has been sent to the Securities and Commodities Authority.
The document is a review report and contains the condensed consolidated financial statements of the National Corporation for Tourism and Hotels for the nine-month period ending on September 30, 2024. The financial statements are unaudited.