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Dubai Financial Market News

Dubai Financial Market News

News Update From Union Coop

Disclosure: BOD meeting

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Dubai Financial Market News

Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: BOD meeting

The text is a formal notification regarding an upcoming board meeting for the National Central Cooling Company (PJSC). The meeting is scheduled for 6:00 PM on December 5, 2024, and will focus on discussing the company's business and operations. This notification is in accordance with Article 36/11 of the Disclosure and Transparency Regulations from the year 2000, as amended. The letter is addressed to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. It is signed by Sean Magee, the Company Secretary.

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Dubai Financial Market News

Dubai Financial Market News

News Update From ORIENT Insurance PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, has achieved a second Guinness World Record for the Largest Cooling Plant Coverage in its Business Bay district cooling project in Dubai. This project currently serves 188 buildings, including residential, commercial, and hospitality facilities, and is one of the largest district energy projects worldwide, with a capacity of 451,540 refrigeration tons. Empower's network spans 52.4 kilometers and utilizes advanced technologies, including thermal energy storage and treated sewage effluent. This achievement follows a previous record for the Highest Capacity District Cooling Plant. Empower's CEO, Ahmad Bin Shafar, highlighted the dedication of their teams and their commitment to efficiency, quality, innovation, and sustainability, aligned with the UAE's vision for the future.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Salik Company PJSC

Disclosure: Press release

Salik, the exclusive toll gate operator in Dubai, has partnered with Parkonic, the largest private parking operator in the UAE, to integrate its eWallet system across Parkonic's 107 locations in the UAE, marking Salik's first expansion beyond Dubai. This five-year contract aims to enhance parking payment solutions, contributing to the UAE's smart city infrastructure by offering seamless and secure access to parking services. Salik will receive a percentage of parking fees through its eWallet, supporting its ancillary revenue growth. The solution is expected to be available for approximately 135,000 parking spaces by the first quarter of 2025. Both companies emphasize their commitment to innovation and improving urban mobility, aligning their technologies to support the UAE's smart city goals.

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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

Drake and Scull International PJSC (DSI), a company specializing in mechanical, electrical, and plumbing services, as well as oil and gas and water treatment projects, is actively pursuing growth opportunities in the UAE's infrastructure market and the wider Middle East region. The company is currently involved in various infrastructure and water treatment projects and has submitted bids for projects worth 4 billion dirhams. These efforts are part of DSI's strategy to expand its project portfolio and strengthen its leadership in large-scale infrastructure projects. CEO Muin Al Saleh expressed optimism about the company's growth potential and regional expansion plans. Additionally, DSI's subsidiary secured a 180 million Saudi Riyals contract for a wastewater treatment plant in Saudi Arabia, reinforcing the company's capacity to handle large projects.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: Abu Dhabi Ports Company PJSC Invitation to Attend AGM held on 20/12/2024 at 15:00

The Abu Dhabi Securities Exchange (ADX) has been informed by the Abu Dhabi Ports Company PJSC that the Securities and Commodities Authority (SCA) has approved their request to hold a General Assembly meeting. This meeting is scheduled for 3 p.m. on Friday, December 20, 2024. An invitation to the General Assembly meeting will be published in both English and Arabic in two daily newspapers on Friday, November 29, 2024. Attached to the notice is the meeting invitation and a disclosure regarding proxy authorizations for attendance.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Energy Company

Disclosures: Masdar Completes Acquisition for 70% of the Outstanding Shares in TERNA ENERGY any

Abu Dhabi Future Energy Company PJSC, known as Masdar, has completed the acquisition of 70% of the outstanding shares in TERNA ENERGY SA from GEK TERNA SA and other shareholders. The acquisition, priced at 20 euros per share, values TERNA ENERGY SA at an enterprise value of 3.2 billion euros. Masdar, in which Abu Dhabi National Energy Company PJSC (TAQA) holds a 43% share, has obtained all necessary regulatory approvals. Following the transaction, Masdar plans to seek further regulatory approvals for a mandatory tender offer to acquire the remaining shares of TERNA ENERGY SA. TERNA ENERGY SA currently has an operating capacity of 1.2 gigawatts and aims to expand to 6 gigawatts by 2029.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From OOREDOO

Disclosures: Ooredoo Announces Date to Pay Interest to Bondholders

Ooredoo Q.P.S.C. announced that its wholly-owned subsidiary, Ooredoo International Finance Limited, will pay interest to holders of its Global Medium Term Notes on December 23, 2024. The notes, valued at $500 million with an interest rate of 3.75%, are due on June 22, 2026. The interest payment amounts to $9,375,000. Ooredoo is a leading communications company in Qatar, offering mobile, fixed, broadband internet, and corporate managed services, with a focus on enriching people's lives and fostering growth through communication.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From ESG EMIRATES STALLIONS GROUP P.J.S.C

Disclosures: ESG EMIRATES STALLIONS GROUP P.J.S.C Announcements

The text is a communication from the CEO of ESG Emirates Stallions Group PrJSC, Kayed Ali Khorma, addressed to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange. Dated November 28, 2024, it discusses the recent rise in the company's share price on November 26 and 27, 2024. The increase is attributed to market supply and demand dynamics, and the Group states that it has no undisclosed material information. The Group reaffirms its commitment to disclosure processes.

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