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Threads on regulatory news from companies
Amanat Holdings PJSC's Board of Directors is inviting shareholders to a General Assembly meeting on Wednesday, 18 September 2024, at 3:00 PM, both in person at the Dubai World Trade Centre and via electronic participation. The meeting agenda includes: **Ordinary Resolutions:** 1. Approve the appointment of the meeting rapporteur and Dubai Financial Market as vote collector. 2. Approve the Board's proposal to distribute interim cash dividends of AED 75 million (3% of share capital) for the period from 1 January to 30 June 2024. **Special Resolutions:** 1. Amend Article 14(b) of the Articles of Association to authorize the Board to implement interim dividend distributions. 2. Amend Article 27 to allow the Board to issue resolutions by circulation with the approval of all members and required documentation. **Notes for Shareholders:** - Shareholders can appoint proxies, except for Board members, company employees, or securities brokers. - Proxies must be notarized or certified by authorized entities. - Corporate entities can delegate representatives to attend. - Electronic registration, attendance, and eVoting details will be provided via SMS one day before the meeting. - Shareholders registered by 17 September 2024 can vote; those registered by 30 September 2024 will receive dividends. - Financial statements and reports are available on the Dubai Financial Market and Amanat websites. - The meeting requires a 50% quorum; if not met, a second meeting will be on 25 September 2024. - Shareholders should update their contact details and dividend payment methods with Dubai Financial Market. - Special resolutions require a three-quarters majority vote. - Guides on investor rights and women on the Board are available on the Securities and Commodities Authority website.
The Board of Directors of Fertiglobe plc will issue a resolution by circulation at 6:00 PM on Monday, 23 September 2024. This resolution will call for a general assembly meeting of the company, contingent upon the completion of the OCI Global-ADNOC ownership change transaction as previously disclosed. The resolution will also set the date and agenda for the meeting.
Aldar Properties and Mubadala Investment Company have formed a strategic partnership to develop and manage real estate assets in Abu Dhabi valued at over AED 30 billion. This collaboration aims to enhance Abu Dhabi's status as a global business and lifestyle destination. The partnership, inaugurated by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, leverages Mubadala’s land bank and institutional strength alongside Aldar’s development and asset management expertise. The joint ventures will include a retail platform featuring Yas Mall and The Galleria Luxury Collection, income-generating assets in Masdar City and Al Falah, and new luxury residential communities on islands near Saadiyat and Yas Islands. The ventures are expected to be finalized in the coming months, subject to due diligence.
On 17 September 2024, First Abu Dhabi Bank (FAB) completed a co-investment with Brookfield Asset Management and other investors to acquire 100% of Network International Holdings Plc. This acquisition was conducted through BCP VI Neptune Bidco Holdings Limited, reinforcing FAB's leading position in the payments and financial services sectors in the Middle East and Africa. Following regulatory approvals, FAB and Brookfield will contribute their interests in Magnati Sole Proprietorship LLC in exchange for additional interests in Network Project Holdings 1 Limited, which will hold the combined businesses of Network and Magnati. This combination is expected to generate significant value, driving innovation and growth in the payments industry. For media inquiries, contact FAB Communications at prandmedia@bankfab.com and fabteam@webershandwick.com. For investor-related inquiries, contact FAB Investor Relations at IR@bankfab.com.
GFH Financial Group B.S.C. announced that Capital Intelligence Ratings has reaffirmed their Long-Term and Short-Term Foreign Currency Ratings at "BB-" and "B" respectively, with a stable long-term outlook. The ratings are supported by GFH's adequate liquidity, low refinancing risk, good debt service record, geographic diversification of assets, improved capitalization, and satisfactory profitability. The company stated that there is no expected financial impact from this credit rating classification on its business or financial position.
Resolution No. (481) of 2024 announces the temporary suspension of trading for GFH Financial Group B.S.C shares on the Abu Dhabi Securities Exchange (ADX). This suspension will start at 12:00 on October 2, 2024, coinciding with the company's Annual General Meeting (AGM), and will continue until ADX receives the AGM results. The resolution mandates that all ADX department heads implement this decision within their respective areas and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on September 17, 2024.