Abu Dhabi National Co. for Building Materials
Year to date
-0.05 %
3 months
0.00 %
6 months
0.00 %
1 year
0.00 %
3 years
0.00 %
5 years
0.00 %
Latest Pressrelease Summaries
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On May 29, 2024, the Abu Dhabi National Company for Building Materials (BILDCO) held its third board meeting of the year. The key decisions made include: 1. Approval of the minutes from the second board meeting of 2024. 2. Approval of a settlement agreement with First Abu Dhabi Bank concerning debt restructuring and the waiver of lawsuits. 3. Approval of a settlement agreement with Abu Dhabi Ports regarding the payment of the debit balance, including a 57% discount, debt restructuring, and the waiver of lawsuits. 4. Approval to invite the General Assembly to convene in the first week of July 2024 to approve the settlement with First Abu Dhabi Bank, with the Executive Management authorized to set the date after obtaining necessary approvals. The meeting was held at 2:00 PM on Wednesday, May 29, 2024.
Resolution No. (422) of 2024 outlines the temporary suspension of trading for the shares of Abu Dhabi National Co. for Building Materials (BILDCO). The suspension will begin at 14:00 on May 29, 2024, to coincide with a Board of Directors meeting, and will remain in effect until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. The resolution mandates that all relevant ADX departments execute this decision and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on May 29, 2024.
The Abu Dhabi National Company for Building Materials (BILDCO) will hold its third board meeting of 2024 on Wednesday, May 29, 2024, at 14:00. The agenda includes approving the minutes from the second board meeting of 2024, discussing the developments of legal lawsuits filed by a bank and the results of negotiations, and addressing any other matters.
The second board meeting of the year 2024 for the Abu Dhabi National Company for Building Materials - BILDCO (PJSC) was held on Tuesday, 14/05/2024. The board approved the minutes of the first Board of Directors meeting of 2024 and the financial statements for the first quarter of 2024.
Resolution No. (410) of 2024 temporarily suspends trading of the shares of Abu Dhabi National Co. for Building Materials. This decision is made in accordance with article No. (16) of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to the Board of Directors Meeting of the company taking place on 14-May-2024 at 14:00, which coincides with the trading session at ADX. As such, trading in the company's shares will be suspended from 09:00 on 14-May-2024 until the ADX receives the meeting results. All heads of departments in ADX are instructed to execute this resolution in their respective fields. The resolution will be circulated to SCA, the company in question, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 09/05/2024.