Latest Threads on News from companies

The text is a formal letter from Alan Williamson, the Chief Executive Officer of Taaleem Holding PJSC, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market. The letter informs Mr. Ali about a scheduled Board of Directors meeting for Taaleem Holding PJSC on Thursday, October 3, 2024, at 3:00 PM. The meeting will take place at the company's premises and via remote attendance. The agenda includes considering and approving the consolidated financial statements for the twelve-month period ending August 31, 2024, discussing routine business issues, following up on the company's 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.

Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125 and regulated by the Central Bank of the UAE, disclosed a resolution passed by its Board of Directors on Monday, 30th September 2024. The resolution, passed by circulation at 10:00 am, approved the company's Mid-Year Pricing and Underwriting Performance Report for the period ending 30th June 2024. This information was communicated to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, with a copy sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, and Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the SCA, has notified Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, that the Liquidity Provision Agreement for Agility Global PLC’s shares listed on the ADX will expire on September 30, 2024. Both parties have mutually agreed to terminate the agreement and not extend it for another term. The notification was submitted through the EFSAH System. The letter is signed by Abdel Hadi Al Sadi, CEO of BHM Capital.

Fertiglobe's Board of Directors has approved an interim cash dividend of $150 million for the first half of 2024, equivalent to AED 551 million or 6.6 fils per share. This dividend will be paid in October 2024 to shareholders recorded as of October 10, 2024. The company emphasizes its strong balance sheet and cash flow management, which supports its ability to return value to shareholders while pursuing growth opportunities. Since its IPO in October 2021, Fertiglobe has paid $2.42 billion in dividends. CEO Ahmed El-Hoshy highlighted the company's resilient business model and ongoing value creation initiatives, including the development of a sustainable hydrogen value chain and expansion into ammonia and clean hydrogen solutions. Fertiglobe aims to generate an additional $150 million in annual EBITDA by the end of 2025 through its Manufacturing Improvement Plan and cost optimization program. Key achievements in 2024 include a significant investment decision on a low-carbon ammonia project and securing a contract to supply renewable ammonia from Egypt to Europe. The company reported H1 2024 revenues of $1,048 million, adjusted EBITDA of $378 million, adjusted net profit of $134 million, and free cash flows of $225 million.