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The Board of Directors of Abu Dhabi National Energy Company PJSC (TAQA) will hold a meeting at 3 p.m. on Wednesday, 13 November 2024, at the company's headquarters. The agenda includes reviewing and approving the unaudited financial results for the period ending 30 September 2024, approving the payment of an interim dividend for the third quarter of 2024 in accordance with the current shareholder-approved dividend policy, and discussing other general matters related to the company's activities and projects. The notice is addressed to Mr. Hamad A. Al Ali, Acting Head of Listed Companies Affairs at the Abu Dhabi Securities Exchange, and is signed by Mohammad Adnan Sharafi, Secretary to the Board of Directors.
The Board of Directors of Presight AI Holding PLC will hold a meeting on Wednesday, 13 November 2024, at 3:00 PM UAE time. The meeting will focus on discussing general matters related to the company's business activities. The notice is issued by Thana Pramotedham, the Chief Executive Officer, and a copy is sent to the Securities and Commodities Authority.
Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi in 1975 and registered in 1984, operates under Federal Decree-Law No. 48 of 2023 regulating insurance activities, with a paid capital of AED 150,000,000. A board meeting is scheduled for Thursday, November 14, 2024, at 11:00 AM to discuss the financial statements for Q3/2024, the ordinary business of the company, and any other items. The meeting will be authorized by Yaser Ibrahim Hmedan, the Board Secretary.
Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi in 1975 and registered in 1984, operates under Federal Decree-Law No. 48 of 2023, which regulates insurance activities. The company has a paid capital of AED 150,000,000. A board meeting is scheduled for Thursday, November 14, 2024, at 11:00 AM to discuss the company's ordinary business and any other items. The authorized signatory for the meeting is Yaser Ibrahim Hmedan, who serves as the Board Secretary.
International Holding Company PJSC (IHC) has issued a notice to inform the public about the misuse of its name, employee names, and logo by scammers promoting fraudulent investment opportunities and tenders online. These scammers are requesting personal, business, and financial information, including credit card and bank details, under the guise of paying tender fees or investing in the company. IHC emphasizes that it never requests personal, business, or financial information through email, mail, or any other means, nor does it ask for payments or investments in such a manner. The company advises verifying the legitimacy of communications by checking that emails come from the official "@ihcuae.com" domain. IHC urges individuals to stay informed about potential scams by visiting its official website or checking news and disclosures on the ADX platform.
Dana Gas reported a net profit of AED 410 million ($112 million) for the first nine months of 2024. Key highlights include a 3% increase in production in the Kurdistan Region of Iraq (KRI) to 38,200 barrels of oil equivalent per day, and an increase in collections to AED 872 million ($238 million) compared to AED 612 million ($167 million) in the same period of 2023. The company reduced its corporate debt from AED 396 million ($108 million) to AED 102 million ($28 million). Revenue for the period was AED 1,048 million ($286 million), a 12% decline from the previous year due to lower prices in the condensate and LPG segments and a production decline in Egypt. Dana Gas is focused on cost and production optimization, particularly in KRI, to mitigate financial challenges. The company plans to resume full-scale construction activities at the KM250 plant, with Pearl Petroleum overseeing the project. Pearl raised $350 million through a bond issue to fund the KM250 expansion, which is expected to boost production capacity significantly. In Egypt, a new Concession Agreement was ratified, consolidating existing concessions into a unified framework with improved terms, committing Dana Gas to significant development and exploration efforts.