National Bank of Umm Al Qaiwain
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Latest Pressrelease Summaries from National Bank of Umm Al Qaiwain
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The document contains a review report and consolidated interim financial statements for the National Bank of Umm Al-Qaiwain (PSC) and its subsidiary, covering the period ending on 31 March 2024. The report provides a detailed insight into the bank's financial performance and status during this period.
Resolution No. (296) of 2024 announces the temporary suspension of trading for the shares of the National Bank of Umm Al Qaiwain on the ADX, in accordance with article No. (16) of the Regulations Concerning the Listing of Securities. The suspension is due to the bank's AGM being held at 11:00 on the 11th of March, 2024, a time that coincides with the trading session at ADX. Trading in NBQ shares will be suspended from 09:00 on the same day until ADX receives the AGM results. All department heads at ADX are instructed to execute this resolution in their respective fields. The resolution is to be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 15th February 2024.
The National Bank of Umm Al Qaiwain has released a statement outlining the process for shareholders to appoint proxies to attend and vote at the general assembly. The proxy may not be a board member or company employee, and can represent multiple shareholders but not more than 5% of the company's issued capital. The proxy must be authorised in writing and the shareholder's signature must be verified by a notary public, a commercial chamber, a licensed bank or company, or a licensed financial market. The proxy form should also include the contact details of the shareholder and the brokerage firm that approved the proxy. For further information, shareholders can contact the bank directly.