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Fujairah Building Industries P.J.S.C. and its subsidiaries have released their unaudited condensed consolidated interim financial statements for the period ending 30 June 2024.
Resolution No. 444 of 2024 temporarily suspends trading on the shares of Al Seer Marine Supplies & Equipment Company P.J.S.C starting from July 26, 2024, due to the company's failure to submit its financial statement. The resolution mandates all relevant departments within ADX to implement this decision and requires the resolution to be circulated to the SCA, the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on July 26, 2024.
The document is a review report and interim financial information for Commercial Bank International P.J.S.C., covering the six-month period ending on June 30, 2024.
United Arab Bank P.J.S.C. has released its review report and condensed interim financial statements for the six-month period ending on June 30, 2024.
On 26 July 2024, the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange was informed that the Securities and Commodities Authority (SCA) approved an amendment to Article 6 of the Articles of Association of the National Marine Dredging Company (PJSC). This amendment was previously approved by the company's general assembly on April 28, 2023. A copy of the SCA certificate is attached to the notification. The letter is signed by Eng. Yasser Nassr Zaghloul, Group Chief Executive Officer, and a copy has been sent to the SCA.
Ghitha Holding PJSC reported an 18% increase in revenue for the first half of 2024, reaching AED 2.45 billion. The company's gross profit grew by 57% year-over-year to AED 176 million, and EBITDA remained strong at approximately 10% of revenue. Total assets increased by 33% since December 2023, amounting to AED 9.4 billion. The company also signed an agreement to acquire Marmum Dairy Farm, which is expected to strengthen its market position and enhance its presence in the dairy industry. Group CEO Falal Ameen attributed the company's performance to its strategy of acquiring strategic assets, market penetration, organic growth, and product diversification, despite challenges such as supply chain disruptions and commodity price volatility.