Latest Threads on News from companies

On 2 October 2024, the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange received a notification from ADNOC Logistics & Services plc. The company announced that its Board of Directors will pass a written resolution by circulation on Monday, 7 October 2024, at 6:00 PM UAE time. The resolution aims to consider and approve the interim cash dividend distribution to shareholders for the first half of the financial year 2024. The notification was signed by Abdulkareem Mubarak Almessabi, the Chief Executive Officer, and a copy was sent to the Securities and Commodities Authority (SCA).

GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not achieve the required quorum, with only 41.58% attendance. Consequently, a second meeting is scheduled for Wednesday, October 9, 2024, at 11:00 a.m. via modern visual communication methods. The announcement was made by Mariam Jowhary, Head of Compliance & AML, and included the company seal.

GFH Financial Group B.S.C. announced its market making activities and treasury share positions for September 2024, complying with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The liquidity provider SICO conducted market making transactions in the Bahrain Bourse, while BHM Capital did so in the Dubai Financial Market and Abu Dhabi Securities Exchange. As of September 30, 2024, GFH held 84,186,563 treasury shares, representing 2.20% of the group's total outstanding shares. In the Bahrain Bourse, SICO purchased 2,887,408 securities and sold 1,253,127 securities, with total payments amounting to $984,520 and total receipts of $427,304.

RAK Properties, a leading property developer in Ras Al Khaimah, UAE, has expanded its partnership with Minor Hotels to introduce Anantara Branded Residences on Mina al Arab. The agreement was signed during the Future Hospitality Summit, aligning with RAK Properties' strategy to integrate international hospitality brands and enhance Ras Al Khaimah's appeal for luxury living and tourism. The development will feature 94 residential apartments and 20 overwater villas, designed by JT&P. This project aims to offer high-end living with amenities like private infinity pools and direct shoreline access. Both companies emphasize their commitment to sustainable and luxury developments, reinforcing Mina Al Arab as a premier global destination. Their initial collaboration resulted in the award-winning Anantara Mina Al Arab Ras Al Khaimah Resort, which has achieved LEED Gold certification for its eco-friendly practices.

Date: 01/10/2024 To: Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, Dubai, United Arab Emirates Subject: Notification of Issuance of a Board Resolution by Circulation – Dubai Taxi Company P.J.S.C. The Board of Directors of Dubai Taxi Company P.J.S.C. will issue a Board Resolution by Circulation on 04/10/2024. This resolution pertains to the approval of internal matters that will not impact the company's share price. Best Regards, Vicken Khochafian Board Secretary & Governance Director cc: Securities and Commodities Authority

On September 30, 2024, HAYAH Insurance Company P.J.S.C held a General Assembly meeting at their headquarters in Abu Dhabi. The meeting, chaired by Mrs. Salama Amer Omar Saleh, started at 2:00 PM and concluded at 2:20 PM with a quorum of 77.72% of the total attendance. The primary agenda was to elect one member to the Board of Directors for a vacant position. The candidates were Mrs. Khulood Khalil Ibrahim Qayed, Mr. Nabil Mushahwar, Mrs. Monira Hisham Ibrahim Alkuttab, and Mrs. Amna Obaid Khalifa Ahmed Al Zaabi. Following the voting, Mrs. Amna Obaid Khalifa Ahmed Al Zaabi was elected to the Board of Directors effective immediately. No special decisions or resolutions were made during the meeting.

TECOM Group PJSC, through its subsidiary TECOM Investments FZ LLC, has signed a binding Memorandum of Understanding (MOU) to acquire a Grade-A commercial asset in Dubai Internet City for AED 720 million. The asset, known as 'Office Park,' consists of five interconnected blocks with a Gross Leasable Area of 370,761 sq. ft and is currently 88% occupied by prominent international companies. The acquisition is pending final approval at Emirates REIT's upcoming Extraordinary General Meeting (EGM). This move aligns with TECOM Group's growth strategy and reinforces its leading position in Dubai's commercial and industrial real estate market.

Date: 01/10/2024 Ref: L/C/1/11024 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 Subject: The National Investor PrJSC Announces the Resignation of the Managing Director and the Appointment of a Replacement The National Investor PrJSC (the Company) announces that Mr. Rami Hurieh has resigned from his position as Managing Director. The board has accepted his resignation and appointed Ms. Meera Abu Yussuf, the current group financial controller, to coordinate with the Chairman of the Board on matters related to the group’s investment portfolio. Mr. Rami Hurieh will continue to serve as an Audit Committee Member. The board and employees thank Mr. Hurieh for his efforts and wish him success in his new role as Chief Operating Officer of NCC Holding LLC in Abu Dhabi. Sincerely, The National Investor PrJSC