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Threads on regulatory news from companies
ADNOC Gas plans to acquire a 60% stake in the Ruwais LNG plant from ADNOC at cost, estimated at $5 billion, in the second half of 2028. This acquisition will significantly increase ADNOC Gas's LNG processing capacity to 15.6 million tonnes per annum (mtpa). The Ruwais LNG plant, which will be the first in the MENA region to operate on clean grid power, aims to be one of the world's lowest-carbon intensity LNG plants. This announcement aligns with ADNOC Gas's strong Q3 results and updated growth strategy. The plant's construction and design are managed by ADNOC Gas, which has already committed over 7 mtpa of its 9.6 mtpa capacity to international customers. ADNOC Gas plans to invest $15 billion in capital expenditures over the next five years to capitalize on increasing demand for lower carbon gases.
The document is a review report and condensed consolidated interim financial information for PRESIGHT AI HOLDING PLC, covering the nine-month period ending on September 30, 2024.
On November 11, 2024, the Board of Directors of Presight AI Holding PLC passed written resolutions. They approved the company's financial statements for the nine-month period ending September 30, 2024, and decided to change the company's registered office address to Floor 17, Al Maqam Tower, Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates. The notification was issued by Thana Pramotedham, the CEO, and a copy was sent to the Securities and Commodities Authority.
The document is the Management Discussion & Analysis Report for Presight AI Holding PLC, covering the results for the first nine months of 2024. The report was released on November 11, 2024.
The Board of Directors meeting for Waha Capital PJSC, initially scheduled for November 12, 2024, at 12:00 p.m., has been postponed. The meeting was intended to discuss general business matters. A new date and time will be announced later.
The document is an unaudited quarterly condensed consolidated interim financial report for the period ending on September 30, 2024.
Al Seer Marine and Damen International have announced the expansion of their joint venture, Dune, which will now extend beyond naval shipbuilding into the commercial maritime sector. This move aims to strengthen their position as a global leader in the industry. Established in 2022, Dune offers services such as vessel management, project management, and international maritime business facilitation. The joint venture plans to produce over 26 vessels in 2025 using advanced technologies to enhance efficiency and sustainability. The partnership leverages Al Seer Marine's facilities in Abu Dhabi and Damen's shipyards in the UAE to drive innovation and growth.