A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_URI::$config is deprecated
Filename: core/URI.php
Line Number: 102
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Router::$uri is deprecated
Filename: core/Router.php
Line Number: 128
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$benchmark is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$hooks is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$config is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$log is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$utf8 is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$uri is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$exceptions is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$router is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$output is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$security is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$input is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$lang is deprecated
Filename: core/Controller.php
Line Number: 83
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$db is deprecated
Filename: core/Loader.php
Line Number: 397
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_DB_mysqli_driver::$failover is deprecated
Filename: database/DB_driver.php
Line Number: 372
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$email is deprecated
Filename: core/Loader.php
Line Number: 1284
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: ini_set(): Session ini settings cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 303
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: session_set_cookie_params(): Session cookie parameters cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 328
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: ini_set(): Session ini settings cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 355
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: ini_set(): Session ini settings cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 365
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: ini_set(): Session ini settings cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 366
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: ini_set(): Session ini settings cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 367
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: ini_set(): Session ini settings cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 368
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: ini_set(): Session ini settings cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 426
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: ini_set(): Session ini settings cannot be changed after headers have already been sent
Filename: drivers/Session_files_driver.php
Line Number: 109
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: session_set_save_handler(): Session save handler cannot be changed after headers have already been sent
Filename: Session/Session.php
Line Number: 110
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: Warning
Message: session_start(): Session cannot be started after headers have already been sent
Filename: Session/Session.php
Line Number: 137
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$session is deprecated
Filename: core/Loader.php
Line Number: 1284
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property Website::$Banner_model is deprecated
Filename: core/Loader.php
Line Number: 359
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$load is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$benchmark is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$hooks is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$config is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$log is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$utf8 is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$uri is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$exceptions is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$router is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$output is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$security is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$input is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$lang is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$db is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$email is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$session is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
A PHP Error was encountered
Severity: 8192
Message: Creation of dynamic property CI_Loader::$Banner_model is deprecated
Filename: core/Loader.php
Line Number: 932
Backtrace:
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/application/controllers/Website.php
File: /home/u390401395/domains/cleverlampz.com/public_html/ghitha/index.php
News || Ghitha
Its Ghitha Holding has picked up a good buy and that should rub off on numbers
The UAE market experienced much
turbulence in 2020… and yet it was a year that witnessed several
acquisitions and consolidation plays. On a macro level, the market has
reached a recovery phase, with Abu Dhabi Securities
Exchange recording a weekly growth
of 6.54 per cent and Dubai Financial Markets by 1.23 per cent for the
week ending January 21.
The holding company IHC, established
in 1999, generated strong revenues in the third quarter, and had a
market value of Dh71.05 billion. Its stock surged approximately 622 per
cent last year and outperformed the ADX General
Index by quite a distance.
Pick up a nice deal
In
December, the firm announced secondary market listings for three
subsidiaries: Palms Sports, Easy Lease and Ghitha Holding. This seems to
be part of IHC’s strategy to unlock value from its assets.
This
week, Ghitha Holding announced an acquisition in less than a month of
going public. The retail subsidiary – which specialises in trading,
importing, repackaging, wrapping, and distributing food and non-food
products
– has established itself among local
consumers. It wishes to expand into international markets to be a major
importer and re-exporter.
Synergies
The firm aims to generate further
revenues and profits by developing logistics and warehousing facilities.
The assets of Ghitha Holding were at Dh189 million as of September, and
the annual turnover was reported as Dh300 million. The IHC subsidiary
bought
60 per cent of a privately held food
supplier Royal Horizon, for $21 million.
Royal Horizon has several food
outlets in Ajman, Ras Al Khaimah and plans to have four more stores by
2025. The horizontal merger will have immense synergy advantages for
Ghitha Holding logistically and enhance its footprint in retail food
space.
Cash dominant
The acquisition was a
cash-denominated agreement, of which Dh40 million is payable to
shareholders as a dividend, and the remaining infused into Royal Horizon
for capex purposes.
Zee stock’s share price is expected
to rise due to improved economies of scale, increased diversification
and technological capacity since the merger was horizontal in nature.
The subsidiary expects further growth, and
thus the outlook for IHC is also one
of optimism.
.png)
