Latest Threads

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.

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.

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.

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.

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.

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.

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).

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.