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Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Notification from the company

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Fertiglobe plc

Disclosures: Fertiglobe plc Announcement of Board Meeting to be held on 23/09/2024 at 18:00

The Board of Directors of Fertiglobe plc will issue a resolution by circulation at 6:00 PM on Monday, 23 September 2024. This resolution will call for a general assembly meeting of the company, contingent upon the completion of the OCI Global-ADNOC ownership change transaction as previously disclosed. The resolution will also set the date and agenda for the meeting.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Dar Properties

Disclosures: Aldar Properties PJSC: HIS HIGHNESS SHEIKH KHALED BIN MOHAMED BIN ZAYED AL NAHYAN INAUGURATES ALDAR AND MUBADALA PARTNERSHIP TO DEVELOP AND MANAGE PRIME ABU DHABI REAL ESTATE ASSETS VALUED AT OVER AED 30 BILLION

Aldar Properties and Mubadala Investment Company have formed a strategic partnership to develop and manage real estate assets in Abu Dhabi valued at over AED 30 billion. This collaboration aims to enhance Abu Dhabi's status as a global business and lifestyle destination. The partnership, inaugurated by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, leverages Mubadala’s land bank and institutional strength alongside Aldar’s development and asset management expertise. The joint ventures will include a retail platform featuring Yas Mall and The Galleria Luxury Collection, income-generating assets in Masdar City and Al Falah, and new luxury residential communities on islands near Saadiyat and Yas Islands. The ventures are expected to be finalized in the coming months, subject to due diligence.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: Completion of Co-Investment with Brookfield in the Acquisition of Network International Holdings Plc

On 17 September 2024, First Abu Dhabi Bank (FAB) completed a co-investment with Brookfield Asset Management and other investors to acquire 100% of Network International Holdings Plc. This acquisition was conducted through BCP VI Neptune Bidco Holdings Limited, reinforcing FAB's leading position in the payments and financial services sectors in the Middle East and Africa. Following regulatory approvals, FAB and Brookfield will contribute their interests in Magnati Sole Proprietorship LLC in exchange for additional interests in Network Project Holdings 1 Limited, which will hold the combined businesses of Network and Magnati. This combination is expected to generate significant value, driving innovation and growth in the payments industry. For media inquiries, contact FAB Communications at prandmedia@bankfab.com and fabteam@webershandwick.com. For investor-related inquiries, contact FAB Investor Relations at IR@bankfab.com.

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Dubai Financial Market News

Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Press release

GFH Financial Group B.S.C. announced that Capital Intelligence Ratings has reaffirmed their Long-Term and Short-Term Foreign Currency Ratings at "BB-" and "B" respectively, with a stable long-term outlook. The ratings are supported by GFH's adequate liquidity, low refinancing risk, good debt service record, geographic diversification of assets, improved capitalization, and satisfactory profitability. The company stated that there is no expected financial impact from this credit rating classification on its business or financial position.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From GFH Financial Group B.S.C

ADX Disclosures: Temporary suspension of trading on the shares of GFH Financial Group B.S.C. on 02 Oct 2024

Resolution No. (481) of 2024 announces the temporary suspension of trading for GFH Financial Group B.S.C shares on the Abu Dhabi Securities Exchange (ADX). This suspension will start at 12:00 on October 2, 2024, coinciding with the company's Annual General Meeting (AGM), and will continue until ADX receives the AGM results. The resolution mandates that all ADX department heads implement this decision within their respective areas and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on September 17, 2024.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Alliance Insurance

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: BOD meeting

Mashreqbank PSC, headquartered in Dubai, UAE, has announced a Board of Directors meeting scheduled for Friday, 20th September 2024, at 10:00 am. The agenda includes reviewing the previous meeting's minutes from 11th September 2024, discussing normal business activities, and addressing any other business matters. The notice was issued by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy was sent to the Securities & Commodities Authority.

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 world's largest district cooling services provider, successfully concluded the summer season of 2024 without any service interruptions. Despite high temperatures, Empower maintained high operational efficiency and reliability. The company implemented a proactive action plan, including extensive maintenance and infrastructure upgrades, to ensure uninterrupted service. Empower's CEO, HE Ahmad Bin Shafar, highlighted the company's commitment to reliability and sustainability. Empower also ran a summer campaign, 'Set and Save at 24°C,' to help customers optimize energy consumption. The company continues to focus on providing high-quality district cooling solutions and enhancing customer trust.

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