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The General Manager of Abu Dhabi Securities Exchange, Saeed Ahmed Ghareib Alseridi, has announced that the Board of Directors will review and approve the interim financial statements for the period ending 31/03/2024. The approval will be granted by pre-authorization of the Chairman of the Board of Directors on 13/05/2024 at 04:00 pm.

The Board of Directors of Abu Dhabi Ports Company PJSC (Company) will hold a meeting via video conference at 5 p.m. on Monday 13 May 2024. The main points of discussion will be to consider and approve the Company’s financial statements for the first quarter of the current financial year 2024 and general matters relating to the activities of the Company and its projects. The information is disclosed by the Disclosure & Compliance Section of the Market Operations & Surveillance of the Abu Dhabi Securities Exchange.

The Management Discussion and Analysis for the National Marine Dredging Company PJSC (NMDC) for the three-month period ending 31 March 2024 shows a significant increase in revenue and profit compared to the same period in 2023. Revenue rose from AED 3,208 million in Q1 2023 to AED 5,342 million in Q1 2024, primarily due to ongoing projects awarded by a major Abu Dhabi developer and other projects in the UAE and Saudi Arabia. Gross profit increased from AED 323 million to AED 802 million, and net profit rose from AED 303 million to AED 641 million. The geographical distribution of revenue remained consistent in both periods, with the UAE accounting for the majority of the revenue.

The National Marine Dredging Company PJSC has released its unaudited interim condensed consolidated financial statements for the three-month period ending on 31 March 2024.