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GFH Financial Group has announced the acquisition of 13,820,630 of its own shares, also known as treasury shares. This purchase increases the total holding of treasury shares from 201,033,405, which is 5.25% of the total issued shares, to 214,854,035, representing 5.61% of total issued shares as of 29th April 2024. The decision to purchase was made by the company's board of directors in September 2021 and approved by the Authority in April 2024. The average purchase price was USD 2910. The number of shares remaining for purchase is 168,405,348.

The National Bank of Fujairah PJSC (NBF) has announced its Q1 2024 results, showing a significant year-on-year growth of 80.8%. The net profit before tax reached AED 274.8 million, compared to AED 152.0 million in Q1 2023. After tax, the net profit was AED 251.1 million. The bank attributes these results to selective quality business growth, effective management of margins and liquidity, high interest rates, improving impairment provisions, and strong local market conditions. NBF also reported a reduction of 33.4% in net impairment provisions, from AED 245.8 million in Q1 2023 to AED 163.7 million in Q1 2024. The bank's provision coverage ratio improved to 128.4%, and the NPL ratio was maintained at 4.9%.

The National Bank of Fujairah PJSC (NBF) has released its Q1 2024 results, showing a significant year-on-year growth. The bank's net profit before tax rose by 80.8%, reaching AED 274.8 million compared to AED 152.0 million in Q1 2023. After tax, the net profit stood at AED 251.1 million. The bank attributes this strong performance to its selective quality business growth strategy, effective margin and liquidity management, high interest rate environment, improved impairment provisions, cost management, and favorable local market conditions. The bank's operating profit for the three-month period was AED 438.5 million, a 10.2% rise from Q1 2023. The operating income reached AED 614.0 million, up 10.8% from the same period in 2023.

The Board of Directors of the National Marine Dredging Company PJSC is set to meet on Thursday, 2 May 2024 at 1 p.m. at Royal Group’s offices. The meeting agenda includes the approval of the Company’s draft financial statements for the first quarter of the financial year 2024 and discussion of other general matters related to the Company's activities and projects. The Securities and Commodities Authority (SCA) is also informed about this meeting.