Latest news with #AnnualGeneralAssembly
India Gazette
21-05-2025
- Entertainment
- India Gazette
IMPPA President Mr. Abhay Sinha Elected Vice President of FIAPF -- A Proud Moment for Indian Cinema and IMPPA
SMPL New Delhi [India], May 21: In a moment of immense pride for the Indian film industry, Mr. Abhay Sinha, President of the Indian Motion Picture Producers' Association (IMPPA), has been unanimously elected as the Vice President of FIAPF (International Federation of Film Producers Associations) and FIAPF Headquarters ASBL, the global apex body representing film producers from over 30 countries at the FIAPF Annual General Assembly held on 17th May 2025 in Cannes, France. Under Mr. Abhay Sinha's leadership, IMPPA, which has been in existence since 1937, has grown into a dynamic and internationally active organization, supporting Indian producers and filmmakers both at home and abroad. He has worked tirelessly to improve the status and recognition of Indian content creators. One of his key achievements includes leading IMPPA's participation at the Cannes Film Festival for the second year running in 2025. More than 40 Indian films and delegates took part, showcasing India's rich and diverse cinema on a global platform. He also contributed as a speaker on the panel discussion at the Bharat Pavilion, titled 'Changing Paradigm of Film Screening: Theatres to OTT, Digital Platforms and Beyond,' offering valuable insights into the future of film viewing and distribution. Beyond international engagements, Mr. Abhay Sinha has played a vital role in shaping better film policies across India, including improved subsidy systems in Maharashtra, Bihar, Gujarat, Uttar Pradesh, Madhya Pradesh, Uttarakhand, and other states. He has also worked to make Film Certification easier and pushed for greater industry representation in national film bodies. He has addressed critical industry concerns, including Virtual Print Fees (VPF), exhibition challenges, and taxation reforms to ease financial burdens on Producers and Distributors. In addition, he has also actively raised concerns about the proposed 100% tariff by the United States on foreign entertainment content. Through his public statements and writings, he has highlighted the threat such tariffs pose to cultural exchange and the global reach of Indian cinema, urging for fair trade policies that protect the creative and economic interests of Indian filmmakers. As the founder of Yashi Films, Mr. Abhay Sinha has produced over 150 feature films in various languages and more than 5,000 TV episodes. He is the creator of the International Bhojpuri Film Awards (IBFA), the first and only global award platform for Bhojpuri cinema, which has been hosted in multiple countries and supported by Indian tourism bodies. These events have taken Indian regional cinema to international audiences and given Bhojpuri artists a global stage. Mr. Abhay Sinha's election as FIAPF Vice President is a defining moment for Indian cinema, marking a stronger voice for Indian producers on the global stage and opening new opportunities for collaboration and growth. (ADVERTORIAL DISCLAIMER: The above press release has been provided by SMPL. ANI will not be responsible in any way for the content of the same)
Zawya
01-05-2025
- Business
- Zawya
KIPCO focuses on growth across companies and wealth creation for shareholders
Kuwait City: KIPCO – Kuwait Projects Company (Holding) – held its Annual General Assembly, chaired by the company's Vice Chairman, Sheikh Abdullah Naser Sabah Al Ahmad Al Sabah. The AGM approved all items on the agenda. KIPCO's Group Chief Executive Officer, Sheikha Dana Naser Sabah Al Ahmad Al Sabah, gave a presentation following the AGM in which she highlighted the achievements of 2024 and gave an outlook for 2025. Strategic Priorities Sheikha Dana Naser Al Sabah outlined KIPCO's strategic journey since 2022, stating: 'In 2022, we embarked on a strategic journey aimed at paving the way for sustainable growth and long-term value creation. As we focus on growth across our companies, we believe that we have positioned KIPCO as a future-ready holding company that is ready to harness synergies and identify new business opportunities.' The first of the three phases of KIPCO's strategic journey was to conduct a comprehensive assessment of KIPCO's portfolio, engagement model and capital structure. This was followed by the second phase, which is ongoing and involves targeted reforms to strengthen the creation of value for shareholders through stronger engagement with subsidiaries, transformative mergers and acquisitions, consolidation, divestments and ownership reorganization. The third phase is to focus on growth, whether within the portfolio or through entering new markets, sectors or partnerships. Geographic Footprint KIPCO's Group CEO noted that the company believes in rising potential and boundless opportunities in the MENA region, with 65% of its assets in Kuwait and countries of the Gulf Cooperation Council. Despite the shifting global dynamics and instability in the MENA region, there remains strategic advantages for businesses across various sectors. Liability Management Sheikha Dana Naser Al Sabah noted that KIPCO's strategic journey involved efforts to proactively manage liabilities to strengthen the company's capital structure. Total repayments and/or exchanges of EMTNs and bonds in 2023 and 2024 reached a total of US$ 1.15 billion. In 2024, the company also fully repaid its US$ 525 million syndicated facility nearly one year ahead of its maturity date. These efforts underscore KIPCO's prudent approach to liquidity and proactive approach to liability management. KIPCO's 2024 Results KIPCO's strategy has strengthened the company's financial performance. In 2024, total revenue increased 16.4% to KD 1.5 billion, net profit stood at KD 15.6 million, total assets were up 3.7% to KD 13.0 billion, shareholders' equity rose 3.7% to KD 633.9 million and book value increased 3.7% to 139 fils per share. Portfolio companies reflected growth across different indices, reflecting the efforts to enhance their performance throughout 2024. Major Transactions Sheikha Dana Naser Al Sabah highlighted Burgan Bank's acquisition of 100% of Bahrain-based United Gulf Bank from United Gulf Holding. The acquisition gives Burgan Bank access to an Islamic banking window, as well as expansion into the GCC markets, namely Bahrain, Saudi Arabia and the UAE. It will also allow for the integration of asset and wealth management services, resulting in greater synergies and cross-selling. The Group CEO spoke of developments at OSN, emphasizing Warner Bros. Discovery's (WBD) 30% strategic investment in OSN Streaming Ltd. She said: 'The deal is a global endorsement by a best-in-class international strategic investor of OSN's creative talent, advanced technology and market position. The strategic impact of the acquisition covers synergies of content growth, including the production of local content to cater to audiences in the MENA region, as well as solidifying the position of OSN+ as a market leader in the streaming entertainment business.' Digital Transformation KIPCO's Group CEO underscored the importance of digital transformation and its application across all businesses to enhance overall performance and fuel growth. In its third year, Burgan Bank Turkey's digital banking platform, ON, has gained one million subscribers, with a market share of 5.2%. ON's digital optimization propelled its market share of vehicle loans to 6.9% among private banks in Turkey. As for OSN+ and Anghami, both the mobile and television applications have been revamped and 4K and Dolby Atmos features were introduced. User experience, search and recommendations have also been enhanced. Our Focus In closing, Sheikha Dana Naser Al Sabah talked about KIPCO's focus for the coming years, as it continues its journey of growth. She said: 'Our primary target in the coming years will be to continue to enhance wealth creation for our shareholders. We are executing this through three focused tracks, the first of which is deleveraging and selective asset monetization. The second area of focus is enhancing the financial and operating performance of our key companies to reach double digit growth in revenues and net profits. Finally, we will continue to strive for stable and growing positive cashflows from sustainable dividend distribution and growth of our key businesses.' Notes to Editors: Kuwait Projects Company (Holding) – KIPCO – is a holding company that invests in the Middle East and North Africa. Its strategy of acquiring, building, scaling and selling companies in the MENA region has worked successfully for over 35 years. KIPCO's main business sectors are financial services, food, petrochemicals & oil services, media, real estate and education. It's financial service interests include commercial banking, asset management and investment banking. The conversion rate used is US$1 to KD 0.30805 Further information: Eman Al Awadhi Group Senior Vice President Corporate Communications & Investor Relations Meshari Al Duhaim Senior Manager Corporate Communications & Investor Relations
ME Construction
25-04-2025
- Business
- ME Construction
Deyaar elects new Board and approves dividend at AGM
Financial Deyaar elects new Board and approves dividend at AGM By The newly elected Board will reinforce Deyaar's commitment to corporate governance, innovation, and sustainable growth Deyaar Development conducted its Annual General Assembly (AGA) under the leadership of its Chairman, Abdulla Ali Alhamli. The meeting brought together the company's Board of Directors, shareholders, senior management, external auditors, and representatives from regulatory bodies, marking a milestone in Deyaar's corporate governance calendar. In a strong show of corporate alignment, shareholders overwhelmingly approved all agenda items, demonstrating confidence in the company's strategic direction. The General Assembly elected a new Board of Directors for the 2025-2028 term, comprising, Abdulla Ali Alhamli, Hamad Mubarak Buamim, Adnan Chilwan, Mohammed Saeed Al Sharif, Maryam Mohammed Bin Faris, Mohammed Rashed Bin Dhabeah Al Ketbi, Rashid Hasan Aldaboos, said a statement. The newly elected Board is expected to reinforce Deyaar's commitment to corporate governance, innovation, and sustainable growth, further strengthening its role as a key enabler in the UAE's economic diversification and real estate development goals. The approval of a 5% dividend distribution underscores Deyaar's financial performance and commitment to delivering shareholder value. Deyaar continues to deliver transformative developments reflecting innovation, and sustainability. With a portfolio that spans residential, commercial, and hospitality sectors, Deyaar remains at the forefront of shaping the nation's urban future. The company reaffirms its commitment to supporting the UAE's visionary development agenda, contributing meaningfully to the country's socioeconomic progress, and delivering long-term value to stakeholders.
Zawya
14-04-2025
- Business
- Zawya
Response Plus Holding PJSC to distribute AED 20mln dividend to shareholders
Abu Dhabi, United Arab Emirates – The Board of Directors of Response Plus Holding PJSC (ADX: RPM), the largest pre-hospital care and emergency medical services provider in the region, has announced the distribution of AED 20 million in final dividend to shareholders for the fiscal year ending on December 31, 2024. The announcement was approved during the Annual General Assembly meeting held on April 11 at the RPM Headquarters. The decision will enable RPM shareholders to receive AED 0.10 per share, with the total amount of dividend constituting 10 per cent of the company's share capital. RPM's shareholders, who wish to collect their dividend, should note that the Last Entitlement Date (LED) has been set for April 17, 2025, the Exclusion Dividend Date (EXD) on April 18, 2025, and the Registry Closing Date (RCD) on April 21, 2025. The RPM Annual General Assembly meeting also discussed the company's growth journey in 2024. During the year, RPM's Revenue surged 32%, from AED 346.1 million in 2023 to AED 456.5 million as on December 31, 2024. Net Profit increased by 8% to AED 53.5 million from AED 49.4 million in the previous year. Omran Al Khoori, Chairman of Response Plus Holding PJSC, said: 'Riding on the strong results achieved by RPM during 2024, the AED 20 million dividend announcement reaffirms the company's commitment to deliver value to its shareholders for their trust and investment in its future strategy, aimed at building a stronger, growth-oriented company.' Dr Rohil Raghavan, CEO of Response Plus Holding PJSC, said: 'RPM is committed to its success story by targeting new markets and sectors, harnessing the power of innovation to boost cost efficiencies, and generating sustainable, long-term value for its shareholders.' Response Plus Holding includes Response Plus Medical (RPM), which operates over 420 clinics in the oil and gas and other industrial sectors boasting a tier-one client roster with presence in the UAE, KSA and India. The Group includes other subsidiaries such as Prometheus Medical International, OccuMed Clinic, Medical Manpower Supply, and Health Tech Training Centre.
Khaleej Times
10-04-2025
- Business
- Khaleej Times
PureHealth announces Dh343 million dividend in strong first year post-listing
PureHealth Holding, the largest healthcare group in the Middle East, has announced, following its Annual General Assembly (AGM), shareholder approval for its first-ever dividend distribution since listing on the Abu Dhabi Securities Exchange (ADX) in December 2023. The final dividend as recommended by PureHealth's board of directors amounts to a total of Dh343 million (Dh3.09 fils per share) for the 2024 financial year, representing 20 per cent of the group's net profit. This follows the completion of PureHealth's first full financial year as a publicly listed company. "The approved dividend highlights the strength of PureHealth's balance sheet, its ability to generate returns for shareholders, and its capacity to grow the business while maintaining a robust capital position," a company statement said. Shaista Asif, PureHealth group chief executive officer, commented: 'This dividend demonstrates the Group's ability to generate strong returns and create value for shareholders whilst retaining its ability to execute on its ambitious growth plans including global expansion opportunities.' PureHealth concluded the 2024 financial year with exceptionally strong financial performance, underscored by revenues of Dh25.8 billion, earnings before interest, taxes, depreciation and amortisation (Ebitda) of Dh4.1 billion, and a net profit of Dh1.7 billion. Bolstered by a substantial cash position of Dh11.9 billion and maintaining an impressively low leverage ratio of approximately 0.1x, the group's balance sheet provides ample strategic flexibility. Operating within a resilient sector, PureHealth's robust financial footing positions it comfortably to pursue its ambitious growth and acquisition agenda, further solidifying its status as a prominent healthcare group in the region and beyond. As part of its continued growth, PureHealth recently acquired a 60 per cent stake in Hellenic Healthcare Group from the global private equity firm CVC, which will remain as a minority partner alongside PureHealth within the acquired entity. The Group remains focused on expanding its presence and capabilities to drive excellence across its global operations. The approved dividend marks a key milestone in PureHealth's journey as a publicly listed entity, reflecting its strong financial standing and commitment to delivering shareholder value. Following shareholder approval at the AGM, the last day for shareholders to be eligible for the dividend is April 17, 2025, with distribution on May 8, 2025.
