Press releases, Reports & Disclosures for Abu Dhabi Ship Building Co.

On November 21, 2024, Abu Dhabi Ship Building PJSC held a board meeting from 1:00 PM to 3:00 PM, attended by nine board members (six in person and three remotely), achieving a 100% quorum. The board approved the minutes of the previous meeting and the formation of a new "Investor Relations Committee" with Mr. Rodrigo Torres as Chair, and Mr. Khalifa Abushahab and Mr. Abdullah Al Ghafli as members. The company's budget for 2025-2029 was discussed, with proposed amendments to be reviewed at the next meeting. The meeting details were signed by CEO David Massey.

The Board of Directors meeting originally scheduled for November 21, 2024, at 10:00 AM has been rescheduled to 1:00 PM on the same day. The agenda remains unchanged.

Abu Dhabi Ship Building PJSC has announced that its Board of Directors will hold their third meeting of 2024 on Thursday, November 21st, at 10 a.m. at the company headquarters. The agenda for the meeting includes the approval of the previous meeting's minutes, the approval of the company budget for 2025-2029, the establishment of a new Investor Relations Committee, and updates on projects and company operations.

Abu Dhabi Ship Building PJSC has released its unaudited condensed interim consolidated financial information for the nine-month period ending on September 30, 2024.

Abu Dhabi Ship Building (ADSB) has formed a strategic partnership with French company LACROIX to integrate LACROIX's advanced decoy system, SYLENA LW, into ADSB's new RABDAN FA-400 Fast Attack vessel. The agreement was signed at the EURONAVAL 2024 exhibition in Paris. This collaboration aims to enhance the RABDAN FA-400, a 45-meter patrol vessel, by significantly boosting its defense capabilities for various military operations. The vessel, equipped with the decoy system, will be displayed at the Naval Defence Exhibition & Conference (NAVDEX) in Abu Dhabi in February 2025. ADSB is a leader in naval and commercial vessel services and is part of the EDGE Platforms & Systems cluster, contributing to the UAE's naval defense and maritime operations.

Abu Dhabi Ship Building PJSC (ADSB) has formed a strategic partnership with Brazilian company SIATT to integrate the MANSUP Surface-to-Surface Missile launcher onto the newly launched RABDAN FA-400 Fast Attack vessel. This collaboration, announced at Euronaval 2024 in Paris, enhances the vessel's strike capabilities with a precise, long-range missile system. Both companies are part of the EDGE Group, which owns a 50% stake in SIATT. The integration of the missile system is being done at no additional cost. ADSB CEO David Massey emphasized the enhancement of the RABDAN FA-400's capabilities, while SIATT highlighted the partnership as a key milestone in expanding its presence in the UAE's defense sector. The RABDAN FA-400, equipped with the MANSUP missile system, will be showcased at the Naval Defence Exhibition & Conference (NAVDEX) in February 2025. ADSB is a leader in the construction and maintenance of naval and commercial vessels and aims to make a global impact with innovative solutions.

Abu Dhabi Ship Building (ADSB) has partnered with Dynateq International to integrate advanced gun systems onto the RABDAN FA-400 Fast Attack vessel. The agreement was signed at Euronaval 2024 in Paris by the CEOs of both companies. ADSB aims to enhance the vessel's firepower to meet maritime challenges, while Dynateq seeks to demonstrate its weaponry's precision and reliability. The RABDAN FA-400 will be showcased at NAVDEX in Abu Dhabi in February 2025. ADSB is a leader in naval and commercial vessel services and aims to impact the global market with innovative solutions.

Abu Dhabi Ship Building PJSC (ADSB) has formed a strategic partnership with Brazilian company SIATT to integrate SIATT's MANSUP Surface-to-Surface Missile launcher onto ADSB’s RABDAN FA-400 Fast Attack vessel. This collaboration, announced at Euronaval 2024 in Paris, aims to enhance the vessel's strike capabilities with a precise, long-range missile system. Both companies are part of the EDGE Group, which owns a 50% stake in SIATT. The integration of the missile system is being done at no extra cost. The RABDAN FA-400, fully constructed in the UAE, will be presented at the Naval Defence Exhibition & Conference (NAVDEX) in Abu Dhabi in February 2025. ADSB is recognized for its expertise in naval vessel design and maintenance, contributing to the UAE's defense and energy sectors.

Abu Dhabi Shipbuilding Company PJSC (ADSB) has successfully completed the First Steel Cut milestones for the second and third BR71 MKII corvettes for the Angolan Navy. The ceremonies took place in Abu Dhabi and Cherbourg, France. ADSB is producing three BR71 MKII corvettes and seven of 11 patrol boats under this contract. They also held a steel cutting ceremony for the FA-400, a 45m Offshore Patrol Vessel designed and built in the UAE, expected to be ready by early 2025. ADSB is working on eight large warships, including four Falaj3 class vessels for the UAE Navy, and has completed over 20 composite boats this year. The company has an order book of over 100 vessels, demonstrating its commitment to high-quality, innovative maritime solutions and supporting the UAE's maritime industry development.

Abu Dhabi Ship Building Company PJSC (ADSB) has appointed Q Market Maker (QMM) as its liquidity provider to enhance the liquidity and market efficiency of its shares on the Abu Dhabi Securities Exchange (ADX). Starting from September 12, 2024, QMM will provide liquidity by submitting two-way quotes in accordance with UAE regulations. This move aims to create a more liquid and transparent market for ADSB's shareholders and investors. Both David Massey, CEO of ADSB, and Magdi Shannon, CEO of QMM, expressed optimism about the collaboration, highlighting its benefits for market liquidity and the growth of the UAE's maritime sector.