RAK Co. for White Cement & Construction Materials

The United Nations (UN) expressed concern on Tuesday about the civilian casualties resulting from Israel's operation to rescue four hostages in Gaza. The UN rights office (OHCHR) suggested that actions by Israeli forces might constitute war crimes, emphasizing the significant civilian impact of the operation in Nuseirat. The raid, which aimed to free hostages kidnapped from the Nova festival in southern Israel on October 7, resulted in at least 274 Palestinian deaths and 698 injuries, according to Gaza's health ministry. The UN questioned whether the principles of distinction, proportionality, and precaution under the laws of war were followed. Additionally, cross-border violence between Israel and Lebanon escalated, with reports of civilian and fighter casualties on both sides. An Israeli strike in southern Lebanon killed a civilian, while Hizbollah fighters were also reported dead following Israeli military operations. Hizbollah claimed several attacks on Israeli positions in retaliation. In a separate incident, a boat carrying over 200 migrants sank off Yemen, resulting in at least 49 deaths, primarily women and children. The International Organization for Migration (IOM) highlighted the ongoing risks faced by migrants traveling from the Horn of Africa to Yemen, noting a significant increase in migrant arrivals in recent years despite the dangers. The IOM called for urgent cooperation to address migration challenges and ensure the safety of migrants.

Resolution No. 421 of 2024 announces the temporary suspension of trading for the shares of RAK Co. for White Cement & Construction Materials. This suspension will start at 10:00 on May 29, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. All relevant departments within ADX are instructed to implement this resolution, which will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on May 28, 2024.