Latest Threads on News from companies

On 4th July 2024, GFH Financial Group B.S.C announced a substantial shareholder transaction involving its shares. The transaction details are as follows: Mr. Ahmad Bin Mohammad Al Qassimi conducted a transaction on the specified date, purchasing 191,629,692 shares, resulting in his ownership reaching 5%. This information was communicated to the Bahrain Bourse, Dubai Financial Market, Boursa Kuwait, and Abu Dhabi Securities Exchange. The announcement was signed by Mariam Jowhary, Head of Compliance & AML, and included the company seal.

ADNOC Distribution has released its Growth and Transformation Environmental, Social, and Governance (ESG) Report for 2023.

On 4 July 2024, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting via video conference at 11 a.m. During the meeting, the following resolutions were made: 1. H.E. Mohamed Hassan Alsuwaidi was elected as the Chairman of the Board of Directors. 2. The reconstitution of the Company's Board Committees was approved as follows: - Audit, Risk, and Compliance Committee: - Jasim Thabit (Chairperson) - Mohamed Al Hammadi (Member) - Renzo Bravo (Member) - Nomination and Remuneration Committee: - Mansour Al Mulla (Chairperson) - Najeeba Al Jabri (Member) - Renzo Bravo (Member)

ADNOC Distribution has released its 2023 report on growth, transformation, and Environmental, Social, and Governance (ESG) initiatives.

Emirates Telecommunications Group Company (Etisalat Group) announced that the Court of Appeal of Casablanca has rejected Maroc Telecom's appeal and upheld the Commercial Court of Rabat's decision, requiring Maroc Telecom to pay 6.368 billion Moroccan dirham to Wana Corporate for alleged anti-competitive practices. Etisalat Group, which holds a 53% share in Maroc Telecom, expressed disappointment and plans to challenge the decision through all legal avenues. The ruling will not affect Etisalat Group's consolidated results for the second quarter of 2024 due to adequate coverage of international regulatory risks. Further updates will be provided as necessary.

On June 6, 2024, Mr. Abdulla Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange (ADX), received a notification from Sherif Saleh, Head of Public Markets at Lunate Capital LLC. The notification informed that Chimera Turkey Shariah ETF - Share Class B - Income (CHTRSHIN) will be distributing dividends of TRL 0.5280 per unit to unitholders. The key dates related to the dividend distribution are as follows: - Last Entitlement Date: June 13, 2024 - Ex-Dividend Date: June 14, 2024 - Record Date: June 19, 2024 - Dividend Payment Date: July 11, 2024 The notification was also copied to the Securities and Commodities Authority. Lunate Capital LLC is licensed and regulated by the Securities and Commodities Authority.

Date: 3 July 2024 Listed Company: Amlak Finance PJSC Date and Day of the Meeting: Monday, 8 July 2024 Meeting Starting Time: 2:00 PM Agenda of the Meeting: - Normal business activities and updates Name of the Authorized Signatory: Lama Takieddin Designation: Head of Corporate Governance & Company Secretary Signature: [Signature]

Empower's Business Bay 05 district cooling plant in Dubai has received a LEED Gold rating from the United States Green Building Council (USGBC). This recognition highlights the plant's adherence to LEED standards and marks the sixth such award for Empower, following similar accolades for other plants. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to environmental protection, carbon footprint reduction, and sustainable innovation. The Business Bay 05 plant utilizes advanced technologies, including Thermal Energy Storage (TES) and Treated Sewage Effluent (TSE), to enhance energy efficiency and reduce freshwater consumption.