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GFH Financial Group B.S.C. (Trading Code: GFH) has announced a board meeting scheduled for Tuesday, 14th May 2024 at 2 p.m. Kingdom of Bahrain’s time. The agenda of the meeting includes the financial results for the first quarter of 2024 and other internal matters. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group BSC, an Islamic wholesale bank established in 1999 in Bahrain, operates in accordance with Islamic Sharia principles. In 2004, GFH transformed from a closed shareholding company to a public one, with shares listed on the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market, and Abu Dhabi Securities Exchange. The group has expanded its investment portfolio globally, managing over $21 billion in assets. GFH has received international recognition, including being ranked among Middle East's Top 30 Biggest Asset Managers by Forbes in 2021 and 2022. In 2022, GFH created Infracorp to manage real estate and infrastructure investments. The same year, Infracorp issued a $900 million green sukuk, the first by a Bahraini entity. In 2023, GFH partnered with FII and the World Economic Forum, and expanded its portfolio to include logistics and healthcare assets in the GCC. GFH's corporate governance framework adheres to guidelines issued by the Ministry of Industry and Commerce and the Central Bank of Bahrain. The company's governance philosophy emphasizes transparency, accountability, and stakeholder interests.
The Board of Directors of Abu Dhabi National Energy Company PJSC (TAQA) held a meeting on 06 March 2024 via video conference. They endorsed a proposal to pay a total of AED 29,105,000 as board and board committee fees for the financial year 2023, pending approval by shareholders at the annual general assembly due to be held on 14 March 2024. The Board also discussed general matters related to the company's activities.
The Board of Directors of Abu Dhabi Ports Company PJSC will hold a meeting via video conference on Monday 11 March 2024 at 3 p.m. The agenda includes reviewing the company's audited annual financial statements for the financial year ended 31 December 2023, and discussing general matters related to the company's activities and projects. The information was disclosed by the Market Operations & Surveillance of Abu Dhabi Securities Exchange and the message was signed by Emil Pellicer, the company's General Counsel. A copy of the notice was sent to the Securities and Commodities Authority.
The text provides an overview of the 2023 Sustainability Report for EMSTEEL. It covers various aspects such as materiality, stakeholders, social factors, governance, production, and the environment. The report is likely to discuss the company's performance in these areas, its impact on society and the environment, as well as its governance and production practices.
The consolidated financial statements for Emsteel Building Materials PJSC, based in Abu Dhabi, United Arab Emirates, show a decrease in total non-current assets from AED 7,391,542,000 in 2022 to AED 6,909,306,000 in 2023. Total current assets slightly increased from AED 4,079,826,000 in 2022 to AED 4,119,506,000 in 2023. Total non-current liabilities and total current liabilities decreased from AED 785,292,000 and AED 2,957,703,000 in 2022 to AED 533,789,000 and AED 2,162,587,000 in 2023 respectively. Total shareholders' equity increased from AED 7,728,373,000 in 2022 to AED 8,332,436,000 in 2023. Total revenue decreased from AED 9,452,642,000 in 2022 to AED 8,899,393,000 in 2023, but net profit increased from AED 510,205,000 in 2022 to AED 601,916,000 in 2023. The profit per share also increased from AED 0.074 in 2022 to AED 0.088 in 2023. The statements are signed by Eng. Saeed G. Al Remeithi, Group CEO, and Stephen J. Pope, Group CFO of Emsteel Building Materials PJSC.
The Emsteel Building Materials PJSC board of directors held its second meeting of 2023 on Tuesday, March 5, 2024. The board approved the audited financial statements for the financial year ending on December 31, 2023, the board of directors' remuneration, and the appointment of the external auditor. They also approved the agenda for the Annual General Assembly meeting, which will be held on Tuesday, April 23, 2024, at 03:30 pm at Emirates Steel Industries offices and virtually, subject to SCA approval.