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Threads on regulatory news from companies
Gulf Navigation Holding PJSC (GULFNAV) announced key decisions by its Board of Directors regarding the acquisition of assets from Brooge Energy Limited, a NASDAQ-listed company specializing in the storage of crude oil and refined fuel products. The Board approved strategic terms for the acquisition and a capital increase, which will be presented to shareholders after approval from the Securities and Commodities Authority. This acquisition aligns with GULFNAV's strategy to expand its logistical services in the oil, gas, and petrochemical sectors. Brooge, headquartered in Fujairah, has a storage capacity of one million cubic meters and aims to double this capacity. The Board also approved the auditors' report and financial statements for 2023, along with the acquisition's structure and payment mechanism, which includes cash payments, mandatory convertible bonds, and new shares. A capital increase of approximately 448.5 million dirhams was approved to facilitate the acquisition.
Date: 25/09/2024 Ref: L/C/2/26924 To: The Disclosures & Compliance Section, Market Operations Surveillance Department, Abu Dhabi Securities Exchange, P.O Box 54500 - Abu Dhabi - UAE The Securities and Commodities Authority/Disclosure Department Greetings, Subject: The results of the Board Meeting of The National Investor PrJSC (“the Company”) held on 25/09/2024 With reference to the above-mentioned subject, please be informed that the Board of Directors of the Company met today, Wednesday, 25 September 2024, at 15:00 PM. The Board Members discussed the business agenda of the meeting and approved it as appropriate. Please accept our sincere regards. Sincerely, The National Investor PrJSC
The Board of Directors of Fertiglobe plc will pass a written resolution by circulation on Monday, 30 September 2024, at 6 PM UAE time. The resolution will consider and approve the distribution of interim cash dividends to the shareholders for the first half of the financial year 2024. The notification was addressed to the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange and copied to the Securities and Commodities Authority.
HAYAH Insurance Company P.J.S.C., located on the 16th floor of Sheikh Sultan Bin Hamdan Building, Corniche Road, Abu Dhabi, UAE, has a paid-up capital of AED 200 million and is registered with the Central Bank of the UAE (registration no. 83 dated 16/09/2008). The CEO, Mr. Mohamed Seghir, announced on 25th September 2024 the list of candidates for the Board of Directors, following the candidacy opening announcement on 21st June 2024. The candidate list is available on the company's website, https://hayah.com.