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Aldar Properties reported a net profit surge of 88% YoY in Q1 2024, backed by strong backlog recognition. The company had strong development sales of AED 6.3 billion, up 39% YoY, with three project launches within the quarter. The development business hit a record run rate through the effective realization of backlog, which stands at AED 38.1 billion. The company saw continued growth in demand for UAE homes with overseas and resident expat buyers accounting for 75% of Aldar’s UAE sales. The company is focusing on growth in core markets through strategic land bank replenishment and new launches. The investment portfolio’s strong organic growth was complemented by prior-year acquisitions positively impacting the bottom line. The company has a robust liquidity position with AED 4.0 billion in free cash and AED 6.0 billion in undrawn committed credit facilities. Aldar continues to actively explore opportunities for disciplined capital deployment in core markets to drive diversification, scale and earnings growth.

The Board of Directors of Aldar Properties PJSC held a meeting on 29th April 2024. The meeting started at 09:00 am and ended at 09:30 am with all seven board members present, achieving a 100% quorum. The board approved the financial statements for Q1/2024 and considered general business, operational, and strategic items. The meeting was signed off by the authorized signatory, Mohammad Hatim Abedalrahman, who is the Company Secretary.

The text refers to a review report and interim financial information for the real estate development company, ALDAR PROPERTIES PJSC. The report covers the three-month period ending on 31st March 2024.

Dana Gas (PJSC) has disclosed, in accordance with Article 33 of the Abu Dhabi Stock Exchange regulations, that a drone terror attack occurred on a condensate storage tank at Khor Mor on 26th April 2024. The attack resulted in four fatalities and minor injuries to eight contractor employees. Production has been temporarily suspended for safety reasons and procedural changes have been implemented. The company is working with the Kurdistan Regional Government and the Federal Government of Iraq to ensure justice for the victims and enhance security measures. Dana Gas remains committed to its stakeholders and plans to resume production as soon as it is safe.

The Fertiglobe Sustainability Report highlights the company's commitment to creating sustainable value for stakeholders through various strategies. Fertiglobe is a global leader in developing sustainable solutions for food security and low-carbon energy sources. The report, a part of the Fertiglobe 2023 Integrated Annual Report, covers areas such as sustainable growth, operations, product stewardship, social value, and responsible business practices. Further details can be found on the company's website.