Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The Annual General Assembly Meeting of Borouge PLC was held on 28th March 2024, both in-person in Abu Dhabi and virtually. The meeting was chaired by H.E. Dr. Sultan Al Jaber, with a quorum of 91.82%. The assembly approved the Board of Directors' report on the company's activities and financial position, the external auditor's report, and both standalone and consolidated audited financial statements for 2023. The assembly also approved a cash dividend distribution of USD 650,000,000 for the second half of 2023, bringing the total cash dividend to AED 4,774,250,000 for the year. The board members and auditors were discharged from liability for 2023. The assembly approved a remuneration of AED 21.66 million for the Board of Directors' services in 2023 and appointed Ernst & Young Middle East as the external auditor for 2024 with a remuneration of USD 706,056 plus applicable VAT.
The text presents the consolidated financial statements of Amanat Holdings PJSC as of 31st December 2023. For more details, one can visit their official website.
Taaleem Holdings, a UAE-based K-12 premium education provider, posted record revenue of AED 548.7M for H1 2023/24, a 15% YoY increase. The firm also saw EBITDA grow by 32.5% YoY to AED 222.3M and a 53% YoY increase in net profit before tax to AED 182.8M. This growth was driven by a 33.2% YoY increase in student enrolment, additional schools, interest gains on cash reserves, and a low debt position. Taaleem also made strong progress on strategic execution and greenfield projects, and welcomed six new government partnership schools. The company's chairman and CEO expressed commitment to delivering top-tier educational outcomes and supporting sector growth.
The Board of Directors of Taaleem Holdings PJSC held a meeting on March 28, 2024, from 3:00 pm to 5:00 pm. The meeting was attended by all nine board members, achieving a 100% quorum. The board approved the Interim Condensed Consolidated Financial Statements for the six-month period ending on February 29, 2024, and agreed to publish them. The meeting's resolutions were signed by Khalid Al Tayer, the Chairman of the Board of Directors.
The text appears to be an introduction to the unaudited interim condensed consolidated financial statements of Taaleem Holdings P.J.S.C. and its subsidiaries for the six-month period ending on 29 February 2024.