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Dubai Financial Market News

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C

Disclosure: Press release

Following the General Assembly meeting of Drake & Scull International on July 30, 2024, a new Board of Directors was elected. The newly elected Board held its first meeting on August 2, 2024, where they elected His Highness Sheikh Theyab bin Tahnoon bin Mohammed Al Nahyan as Chairman and Engineer Abdullah Atatreh as Vice Chairman. Sheikh Theyab emphasized the importance of the construction sector in the UAE and expressed confidence in Drake & Scull's positive impact on the industry. Recently, the company announced the write-off of approximately AED 4 billion in losses and the resumption of its stock trading on the Dubai Financial Market after a suspension of over six years.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Aviation Co.

ADX Disclosures: Temporary suspension of trading on the shares of Abu Dhabi Aviation Co. on 08 Aug 2024

Resolution No. 451 of 2024 announces the temporary suspension of trading in the shares of Abu Dhabi Aviation Co. due to a Board of Directors meeting scheduled for 14:00 on August 8, 2024. Trading will be halted from this time until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. The resolution mandates that all department heads at ADX implement the suspension and ensures the resolution is communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on August 5, 2024.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on EMPOWER shares starting from 9:30 AM as its BOD meeting is being held today, 05-08-2024 and until results are disclosed
Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Invictus Investment Company PLC

ADX Disclosures: Temporary suspension of trading on the shares of Invictus Investment Company PLC on 05 Aug 2024

Resolution No. (450) of 2024, issued on August 5, 2024, announces the temporary suspension of trading on the shares of Invictus Investment Company PLC due to their failure to submit a financial statement. This suspension will remain in effect until further notice. The resolution mandates that all heads of departments in ADX (Abu Dhabi Securities Exchange) are to implement this decision within their respective areas. Furthermore, the resolution will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: DFM Regulated Short Sell – Weekly Summary – August

The Dubai Financial Market (DFM) released a weekly summary for Regulated Short Sell (RSS) transactions from July 29, 2024, to August 2, 2024. The summary includes short sell trade volumes and values for two securities: EMAAR Properties PJSC with 4,250 shares traded at AED 36,368.50, and EMAAR Development PJSC with 359 shares traded at AED 3,073.04. For more details on RSS, refer to the DFM Market Rules and Operational Model available on the DFM website. The announcement is also accessible on the DFM news and disclosures page. The provided information is subject to change, and DFM is not liable for any losses resulting from its use.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From AL KHALEEJ Investment

ADX Disclosures: Temporary suspension of trading on the shares of AL KHALEEJ Investment on 05 Aug 2024

Resolution No. (449) of 2024 mandates the temporary suspension of trading in AL KHALEEJ Investment shares on the Abu Dhabi Securities Exchange (ADX) starting from 12:00 on August 5, 2024. This suspension coincides with the AL KHALEEJ Investment Board of Directors meeting scheduled at the same time. Trading will resume once ADX receives the meeting results. The resolution requires all ADX department heads to implement this decision and to notify the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on August 5, 2024.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C

Disclosure: Results of BOD Meeting

On August 2, 2024, the Board of Directors of Drake & Scull International PJSC held their seventh meeting of the year at 3:00 PM at the company's offices and via Zoom. The Board approved the minutes of the previous meeting, elected H.H. Shaikh Theyab bin Tahnoon Bin Mohammad Al-Nahyan as Chairman, and ENG. Abdulla Atatreh as Vice-Chairman. Additionally, the Board appointed the Chairman and members of the subsidiary committees.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on ALRAMZ shares starting from 11:00 AM as its BOD meeting is being held today, 05-08-2024 and until results are disclosed
Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on ORIENTTKAFUL shares after disclosing the results of its BOD meeting
Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From ADNOC Drilling Company PJSC

Disclosures: ADNOC Drilling Company PJSC Board Meeting Result (Dividend) to be held on 05/08/2024 at 08:00

On 2 August 2024, the Board of Directors of ADNOC Drilling Company PJSC held a meeting via video conference at 3:00 p.m. During the meeting, the Board approved the company's financial statements for the second quarter of the 2024 financial year. Additionally, the Board approved the distribution of interim cash dividends to shareholders for the first half of 2024, totaling USD 394,143,750 (equivalent to AED 1,447,492,922), which translates to approximately 9.0468 fils per share. Key dates include the last day to purchase shares on 8 August 2024, the ex-dividend date on 9 August 2024, the shareholders’ registry closing date on 12 August 2024, and the payment date within 30 days from 2 August 2024. All parties have agreed to sign the document electronically.

1. Attached Document

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