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Investment and Profit Sharing of Shareholders: How to Amend the Share Memorandum

JD Supra: Mergers

Investment is a cornerstone of corporate governance under Federal Decree-Law No. This article explores the rights and responsibilities of shareholders regarding their investments and profit sharing, outlining the procedures for amending the Memorandum of Association in accordance with legal provisions.

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NatWest first-half profit down 16% as mortgage competition bites

Global Banking & Finance

LONDON (Reuters) – NatWest’s first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 The British bank said this month that the government’s stake in it fell below 20%, […]

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PSBs profit tripled to Rs 1.04 trn in 9 yrs; need to continue momentum: FM

Business Standard - FInance

Finance Minister Nirmala Sitharaman on Saturday said the public sector banks' profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy. The net profit of public sector banks (PSBs) has almost tripled to Rs 1.04

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Qatar Airways posts 39% jump in annual profit to record $1.67 billion

Global Banking & Finance

Qatar Airways posts 39% jump in annual profit to record $1.67 billion DUBAI (Reuters) – Qatar Airways posted a 39% jump in annual net profit to a record 6.1 Revenue grew by 6% to 81 billion riyals in the year ended March 31, the government-owned airline said. billion Qatari riyals ($1.67 billion) on Tuesday.

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ECB criticises new Italian tax on windfall bank profits

Global Banking & Finance

ECB criticises new Italian tax on windfall bank profits By Francesco Canepa and Giuseppe Fonte FRANKFURT (Reuters) – The European Central Bank (ECB) on Wednesday criticised the Italian government’s proposed tax on windfall bank profits, saying it did not consider lenders’ long-term prospects and could make some of them vulnerable (..)

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Profit and Loss Statement

Wall Street Mojo

What Is Profit And Loss Statement? A profit and loss (P&L) statement, sometimes called as an income statement, is a financial report that provides investors and outsiders with a financial overview of a company. Table of contents What Is Profit And Loss Statement? Profit and Loss Statement Explained Sample How To Prepare?

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UBS shares soar as profit smashes forecasts, share buyback plans affirmed

Global Banking & Finance

UBS shares soar as profit smashes forecasts, share buyback plans affirmed By Noele Illien ZURICH (Reuters) – UBS on Tuesday reported first-quarter profit that trounced forecasts and said it was sticking with plans for share buybacks over three years despite Swiss government proposals that would hike its capital requirements.