Latest Threads on News from companies

GFH Financial Group B.S.C. announced that following unusual trading activity of its shares in Boursa Kuwait on Tuesday, July 2, 2024, and in accordance with Boursa Kuwait's instructions and Article 4-5 of Module 10 (Disclosures and Transparency) of the Capital Markets Authority (Kuwait) Executive Regulations of Law No. 7 of 2010, there is no additional material information to disclose beyond what has already been recently announced. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

On July 1, 2024, the Abu Dhabi Securities Exchange's Market Operations & Surveillance section received a notification regarding the resignation of Mr. Thomas Gangl as a director and vice chairman of Borouge PLC. The Board of Directors expressed gratitude for Mr. Gangl's valuable contributions and expertise, wishing him success in his future endeavors. The company will inform the market about the identification and appointment of a suitable replacement for Mr. Gangl in accordance with its articles of association. This notice was signed by Hazeem Sultan Al Suwaidi, the Chief Executive Officer, and a copy was sent to the Securities and Commodities Authority (SCA).

شعاع كابيتال ش.م.ع.، وهي شركة استثمار مالية مرخصة وخاضعة لرقابة هيئة الأوراق المالية والسلع في الإمارات العربية المتحدة، أعلنت عن تعيين السيدة روبيرتا كريس في منصب رئيس الدائرة القانونية اعتباراً من تاريخ 1 يوليو 2024.

The letter from Alan Williamson, CEO of Taaleem Holdings PJSC, informs Hamed Ahmed Ali, CEO of Dubai Financial Market, about a scheduled Board of Directors meeting. The meeting will take place on Thursday, July 4, 2024, at 3:00 PM at the company's office and via remote attendance. The agenda includes reviewing and approving the Interim Condensed Consolidated Financial Statements for the nine-month period ending May 31, 2024, discussing routine business issues, following up on company activities, and addressing any other matters with the Chairman's permission. A copy of the letter is also sent to the Securities and Commodities Authority.

Tabreed, a leading district cooling company, participated in the Big 5 Construct Egypt event, engaging with developers, architects, planners, engineers, consultants, and government officials to discuss the benefits of district cooling for sustainable cities. The event, which focuses on technology and sustainability, provided a platform for Tabreed to highlight the efficiency and environmental advantages of district cooling. CEO Khalid Al Marzooqi emphasized that district cooling uses 50% less energy than conventional air conditioning and significantly reduces carbon emissions. Tabreed already operates in Egypt, providing cooling for Downtown Katameya in New Cairo, and sees potential for further expansion amid the country's construction boom.

Nasdaq Dubai has listed a USD 400 million Sukuk issued by UAE-based master developer Arada Developments LLC. This is Arada's second listing on Nasdaq Dubai and the first under their new USD 1 billion Sukuk program. The five-year fixed-rate Sukuk saw strong demand, being oversubscribed by 3.5 times, with interest from investors across Europe, the Middle East, and Asia, including institutional investors, fund managers, high-net-worth individuals, and banks. This listing enhances Dubai’s reputation as a global hub for Sukuk listings, contributing to the total value of USD 93 billion in Sukuk issuances and USD 129 billion in listed bonds and Sukuk on Nasdaq Dubai. To celebrate the listing, Arada's Group CEO Ahmed Alkhoshaibi and Nasdaq Dubai CEO Hamed Ali participated in a market-opening ceremony. Both expressed satisfaction with the strong investor interest and the growing confidence in the UAE's Islamic finance market.