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GFH Financial Group B.S.C. has announced the sale of 134,287,812 of its treasury shares, which represents 3.5% of its total issued shares, to Southern Star Investments W.L.L. This leaves the company with 219,105,136 treasury shares, equivalent to 5.72% of its total shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.

The Chairman's report and Consolidated Financial Statements of the National Corporation for Tourism and Hotels for the year ended 31 December 2023 have been released. The report provides an overview of the corporation's financial performance and activities throughout the year.

The General Assembly Meeting of Apex Investment PSC took place on 5th March 2024, from 3:00PM to 4:00PM, chaired by Khalifa Khoury. The quorum of total attendance was 84.14%, with 0.01% in personal attendance and 84.12% by proxy, and the same percentage attending through electronic voting. The meeting resulted in the election of new board members, including Ahmed Amer Omar, Hamad Khalfan Ali Matar Al Shamsi, Futoon Hamdan Mohamed Saif Al Mazrouei, and Saie Thomas.

First Abu Dhabi Bank (FAB) shareholders approved all items on the agenda, including a cash dividend of 71 fils per share, totaling AED 7.8 billion, at the Annual General Meeting (AGM). This marks the highest cash dividend payout since 2020. The bank's robust performance in 2023 was highlighted, and the AGM also emphasized FAB's strong platform for future growth. The bank's strategic direction was also outlined, with the aim to enhance FAB's position as a driver of economic and financial progress in the UAE, and to become a global financial powerhouse. The AGM also approved the Board of Directors report, the external auditors report, and the Internal Shari’ah Supervision Committee annual reports for FY 2023.

The Al Yah Satellite Communications Company PJSC has released its consolidated reports and financial statements for the periods ending 31 December 2020 and 31 December 2023. The documents were verified through DocuSign with Envelope ID: 546641D2-1400-4CAD-9197-74BEB3B58E4E.

Yahsat, the UAE's flagship satellite solutions provider, has reported its strongest ever financial results for 2023. Revenue grew by 6% compared to the previous year, reaching a record AED 1.7 billion (USD 457 million). Adjusted for material, one-time items, the company's EBITDA grew by 5% to a record AED 996 million (USD 271 million), while net income grew by 9% to a record AED 424 million (USD 116 million). All operating segments of the Group saw revenue growth for the first time since the company's IPO in July 2021. Contracted future revenues reached AED 25.1 billion (USD 6.8 billion), approximately 15 times the full year revenues.

A board meeting was held by Al Yah Satellite Communications Company PJSC on March 4, 2024, from 3.02 PM to 5.25 PM (UAE local time). Eight directors attended the meeting, achieving a quorum of 88.88%. The board approved the audited financial statements for the financial year ended December 31, 2023. They also approved to issue a recommendation for distributing a final cash dividend of AED 200,793,093 (8.23 fils per share) and approved the interim dividends declared on September 21, 2023, bringing the total cash dividend for that financial year to AED 401,586,186 (16.46 fils per share). Lastly, the board approved the agenda for the Annual General Assembly Meeting of the Company (AGM) and invited the AGM to virtually convene on April 25, 2024, or any other date agreed by the Securities and Commodities Authority.