Press releases, Reports & Disclosures for RAK Co. for White Cement & Construction Materials

Resolution No. (429) of 2024 announces the temporary suspension of trading for the shares of RAK Co. for White Cement & Construction Materials. This suspension will occur from 11:00 AM on July 9, 2024, coinciding with the company's Annual General Meeting (AGM), and will last until the Abu Dhabi Securities Exchange (ADX) receives the results of the AGM. The resolution mandates that all department heads at ADX execute this decision within their respective fields, and it will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on June 13, 2024.

The United Nations has expressed concern over the civilian casualties resulting from Israel's operation to rescue four hostages in Gaza, which may constitute war crimes according to the UN rights office. The operation in Nuseirat refugee camp led to significant Palestinian casualties, with at least 274 killed and 698 injured, as reported by Gaza's health ministry. The UN emphasized the need for adherence to the principles of distinction, proportionality, and precaution in military operations. Simultaneously, violence escalated along the Israeli-Lebanese border, with an Israeli strike killing a civilian in Lebanon and Hezbollah announcing the deaths of three of its fighters. The Israeli military conducted strikes on Hezbollah targets, including a military complex and a convoy of tankers, resulting in additional casualties. In a separate incident, a boat carrying over 200 migrants sank off Yemen, resulting in at least 49 deaths and 140 missing. The International Organization for Migration reported that the boat was carrying migrants from Somalia and Ethiopia, highlighting the ongoing dangers faced by migrants in the region. The IOM called for urgent cooperation to address migration challenges and ensure migrant safety.