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BHM Capital, a major financial institution in the United Arab Emirates, has seen a 22% increase in profits in the first quarter of 2024, reaching AED 9 million, compared to AED 7 million in the same period in 2023. The company's total assets also increased, reaching AED 1.3 billion. Revenue from trading commissions and consultancy fees rose by 12%, and margin financing revenue grew by 127%. The company's total income at the end of the first quarter of 2024 increased by 47%, exceeding AED 37.5 million. The CEO of BHM Capital attributes these positive results to the company's effective investment strategy, developmental services, and partnerships and acquisitions.

Union Properties PJSC has reported a strong financial performance for Q1 2024, with a net profit of AED 16.5 million. Revenue increased by 13% to AED 138 million, compared to AED 122 million in Q1 2023. The company's subsidiaries also performed well, achieving a gross profit of AED 34 million, a 28% increase from the same period in 2023. Union Properties has also sold land worth approximately AED 820 million and is currently negotiating offers exceeding AED 900 million. The company made a debt repayment of around AED 300 million in Q1 and plans to repay AED 261 million in Q2, as part of its restructuring plans.

TECOM Group is investing AED 1.7 billion in strategic projects as part of its next phase of growth. The group's board of directors has approved a plan to expand its portfolio and promote sustainable growth. The plan includes acquiring high-quality office buildings in Dubai Internet City and industrial land plots. The investments are expected to contribute immediately to revenue growth and portfolio value appreciation and meet market demand in the medium to long term. This expansion plan reflects TECOM Group's confidence in the demand for commercial Grade A spaces and industrial assets, supported by Dubai's strong economic development. The investments will be carried out by TECOM Group's subsidiaries. The group is well-funded to acquire these strategic assets, backed by strong financial performance and ample liquidity.

Resolution No. (415) of 2024 announced the temporary suspension of trading on the shares of Abu Dhabi Ship Building Co. This decision was made as the company failed to submit their Financial Statement. The suspension, starting from 15-May-2024, will continue until further notice. All heads of departments in ADX are instructed to execute this resolution in their respective fields. This resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by an authorized person and issued on 15/05/2024.

Al Salam Bank B.S.C. has announced the completion of its acquisition of Kuwait Finance House – Bahrain B.S.C.(c) ("KFH Bahrain") from Kuwait Finance House K.S.C.P. ("KFH Group"). The acquisition was finalised on 14th May 2024, following the receipt of regulatory approvals. The financial impact of this acquisition will be reflected in Al Salam Bank's Q2 2024 consolidated financial statements.

The document is a review report and condensed consolidated interim financial information for Abu Dhabi Aviation PJSC. It covers the financial performance of the company for the three-month period ending on 31st March 2024. The information presented in the report is unaudited.