13 November 2024 | Dubai | Amanat Holdings PJSC (“Amanat” or the “Company”) (DFM symbol: AMANAT), the leading healthcare and education listed investment company, announces its financial results for the nine-month period ended 30 September 2024 (“9M 2024”).
Daily Archives: November 14, 2024
IHC Announces First Tranche of AED 5 billion Share Buyback Program with AED 1.8 billion Initial Purchase
Syed Basar Shueb: “Launching the Share Buyback Program reaffirms our commitment to generating long-term value for our shareholders. With our robust cash flow and strong balance sheet, we are well positioned to implement this strategic initiative that reflects our confidence in IHC’s ongoing growth and market potential.”
- First tranche of AED 1.8 billion, representing 36% of the total AED 5 billion program, to begin on November 18, 2024
- The program reflects IHC’s commitment to shareholder value enhancement and confidence in future growth
Branded Residences to account for 40% of residential units in RAK by 2029
- 16 branded residence projects have been announced for Ras Al Khaimah, set to add approximately 5,600 units by 2029.
- 63% of these projects are situated on Marjan Island, while the majority of the remaining 37% are in Al Hamra and Mina Al Arab.
- On average, branded residences in RAK on sale today achieve approximately 50% higher sales prices compared to non-branded properties.
RAK, UAE – 14 November 2024: Stirling Hospitality Advisors, one of the leading boutique advisory institutions in the region, reveals the third edition of Ras Al Khaimah (RAK) Investment Pulse, focusing on the burgeoning sector of branded residences in the emirate. This edition provides a first-of-its-kind in-depth analysis of branded residences, highlighting market trends, stakeholder advantages, and the unique appeal of this emerging asset class.
Commenting on the publication of the new groundbreaking report, Tatiana Veller, Managing Director of Stirling Hospitality Advisors, said: “Branded residences are transforming Ras Al Khaimah’s real estate landscape. The demand for elevated living experiences is reshaping the market, with our findings highlighting the growing importance of branded residences as a key driver of luxury investment in the emirate. This edition seeks to illuminate this dynamic sector and offer valuable forecasts for all stakeholders involved.”
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How Jumbo Distribution Helps Global Brands Succeed in the UAE
Dubai, UAE; 12 November 2024: Have you ever wondered who ensures that tech and lifestyle brands you love—such as PlayStation for gaming, Dyson’s smart home appliances, Casio watches, and Sony’s consumer electronics—arrive seamlessly on store shelves across the UAE? For half a century, Jumbo Electronics has been that trusted name, bringing top-tier brands to consumers through its full-scale distribution expertise.
Celebrating 50 years of success in the UAE, Jumbo Distribution, one of the largest business units under Jumbo Group, has become a powerhouse in driving the success of some of the world’s most iconic brands within the UAE market, transforming their entry into lasting impact.
Emirates NBD announces 7th edition of annual Unity Run
Community run to celebrate the inclusion of people of determination with the 2024 edition to be held at Expo City Dubai
Dubai, UAE, 14 November 2024: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region has announced the 2024 edition of its annual Unity Run (Walk/Run for Unity in Diversity), scheduled to take place on Sunday, 17 November at Expo City Dubai.
Centred around inclusivity for all members of society, the event is organised annually under the Patronage of H.H. Sheikh Mansoor bin Mohammed bin Rashid al Maktoum, Chairman of Dubai Sports Council and Chairman of the Higher Committee for the Protection of the Rights of people of determination and organised under the umbrella of the Hamdan bin Mohammed Community Sports Initiative.
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