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Modon Holding PSC, formerly known as Q Holding, reported significant financial growth for the first half of 2024 following its acquisition of Modon Properties and ADNEC. The company achieved a revenue of AED 2.2 billion, marking a 333% year-on-year increase, and a gross profit of AED 833.2 million, a 277% increase. Net profit stood at AED 8.74 billion, including gains from the acquisition. The acquisition is one of the largest in the UAE's history and positions Modon Holding as a major player in real estate. The company's liquidity surged by 119%, and market capitalization reached AED 45.94 billion, growing by 114%. Key business highlights include strong real estate sales of AED 7.6 billion and a 153% year-on-year increase in sales. ADNEC also saw a 21% increase in visitor numbers. Modon Holding aims to advance Abu Dhabi’s local and international ambitions in line with the UAE’s vision for sustainable development.

Modon Holding PSC, formerly known as Q Holding, reported significant financial growth for the first half of 2024 following its acquisition of Modon Properties and ADNEC. The company achieved a revenue of AED 2.2 billion, a 333% increase year-on-year, and a gross profit of AED 833.2 million, a 277% increase year-on-year. Net profit reached AED 8.74 billion, including gains from the acquisitions. The acquisition is one of the largest in the country's history and positions Modon Holding as a major player in real estate. The company also saw a 119% increase in liquidity and a market capitalization of AED 45.94 billion as of June 30, 2024. Key business highlights include strong real estate sales momentum and a 21% increase in visitors to ADNEC.

The Invictus Investment Company PLC's Board of Directors will hold a virtual meeting on Friday, August 2, 2024, at 3:00 PM UAE time. The agenda includes reviewing and approving a binding offer to purchase a majority shareholding in a food manufacturing business in Africa and discussing other general business matters that do not impact the share price. The notification is signed by the CEO, Amir Daowd Abdellatif Ibrahim.

Americana Restaurants International PLC announced that it has received approval from the Abu Dhabi Securities Exchange (ADX) to buy back 25 million shares listed on ADX. These shares will be repurchased from the open market and allocated to eligible employees under the company’s approved Share-Based Long Term Incentive Plan (LTIP). The ADX approved the share buyback on May 9, 2024, following the company's AGM approval on April 24, 2024. The buyback will occur in multiple tranches starting after August 8, 2024. The announcement was signed by Saqib Muhammad Sabir Awan, the authorized signatory and secretary of the board.

The board meeting of Al Yah Satellite Communications Company PJSC took place on Monday, 29 July 2024, from 4:00 PM to 6:00 PM UAE local time. Seven directors attended, achieving a quorum of 78%. The board approved the financial statements for the period ending 30 June 2024 and discussed general matters related to the company's activities, passing appropriate resolutions. The authorized signatory for the disclosure is Clint Irwin Fransquinho de Barros, the Board Secretary.

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