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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

Dubai Financial Market News

Dubai Financial Market News

News Update From Agility The Public Warehousing Company (K.S.C.)

Disclosure: BOD meeting

On August 4, 2024, a notice was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, informing him of an upcoming board meeting for Agility Public Warehousing Company K.S.C.P. The meeting is scheduled for Wednesday, August 14, 2024, at 1:00 PM (Kuwait Time). The agenda includes discussing the Interim Financial Statement for the period ending June 30, 2024, and considering amendments to the Articles of Association, among other items. The notice was signed by the Vice Chairman & CEO of Agility Public Warehousing Company.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From National Marine Dredging Co.

Disclosures: National Marine Dredging Co. By Circulation of Board Meeting to be held on 08/08/2024 at 18:00

The Abu Dhabi Securities Exchange's Market Operations & Surveillance division has been informed that the Board of Directors of the National Marine Dredging Company PJSC will issue a resolution by circulation at 6pm on Thursday, 8 August 2024. The resolution will consider offering a portion of NMDC Energy PJSC’s shares (formerly known as National Petroleum Construction Company NPCC) for public subscription. This communication is signed by Yasser Nassr Zaghloul, Group Chief Executive Officer, and a copy has been sent to the Securities and Commodities Authority (SCA).

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Presight AI Holding PLC

Disclosures: Presight AI Holding PLC Board Meeting Results held on 05/08/2024 at 16:00

On 5 August 2024, the Board of Directors of Presight AI Holding PLC issued written resolutions by circulation. The resolutions included the approval of the company’s financial statements for the six-month period ending on 30 June 2024, the appointment of Mr. Charles Thomas Kelly as Secretary of the Board, and other general business matters. This notification was addressed to the Market Operations and Surveillance Department of the Abu Dhabi Securities Exchange and copied to the Securities and Commodities Authority. The communication was signed by Mr. Thana Pramotedham, the Chief Executive Officer.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From International Holding Company PJSC

Disclosures: IHC Announces Formation of Rorix Holdings, a Global Trading and Trade Facilitation Conglomerate

International Holding Company (IHC), a diversified conglomerate based in Abu Dhabi, has announced the formation of Rorix Holdings, a global finance and trade facilitation company. Rorix Holdings will focus on financial services, trade finance, advisory, commodities, and trade insurance sectors. This initiative aims to foster economic development by providing access to new markets for local, regional, and global businesses through the UAE. The company will leverage advanced technologies and trade solutions to support businesses of all sizes, aligning with the UAE’s Comprehensive Economic Partnership Agreement (CEPA) strategy. Rorix Holdings will also form strategic partnerships with both UAE and international stakeholders to enhance trade and economic growth.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From PALMS SPORTS PrJSC

Disclosures: Palms Sports Wins 2-Year Government Contract Renewal Worth AED 49.5 million

Palms Sports, a leading sports management company and the largest provider of Jiu-Jitsu training, has renewed a two-year government contract worth AED 49.5 million. This renewal continues a successful partnership that began in 2015, aimed at enhancing national capabilities through sports. The company offers specialized training in Jiu-Jitsu and self-defense, led by 60 highly skilled coaches. The renewed contract underscores Palms Sports' commitment to excellence and its strong relationship with the government sector. CEO Fouad Darwish expressed pride in the partnership, emphasizing the company's dedication to fostering innovation and professionalism in sports. Palms Sports aims to drive growth and build a thriving sports ecosystem, solidifying its position as a leader in the industry.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From International Holding Company PJSC

Disclosures: IHC Announces Formation of Rorix Holdings, a Global Trading and Trade Facilitation Conglomerate

International Holding Company (IHC), a diversified conglomerate based in Abu Dhabi, has announced the formation of Rorix Holdings. This new global finance and trade facilitation company will focus on financial services, trade finance, advisory, commodities, and trade insurance sectors. The initiative aims to support economic development by providing local, regional, and global businesses access to new markets through the UAE. Rorix Holdings will contribute to the UAE’s economic diversification by promoting innovation, growth, and sustainable development. It will offer comprehensive services and advanced solutions to boost trade volumes, attract foreign investment, and foster economic partnerships. The CEO of IHC, Syed Basar Shueb, highlighted that Rorix Holdings will leverage the latest technologies and trade solutions to support businesses of all sizes in the international marketplace. The company will also form strategic partnerships with various stakeholders to facilitate seamless international trade.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Dhafra Insurance Co.

Disclosures: Al Dhafra Insurance Co. Announcement of Board Meeting to be held on 13/08/2024 at 12:00

1. Attached Document

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