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Emirates Driving Company (DRIVE), listed on the Abu Dhabi Securities Exchange (ADX), has appointed Q Market Maker LLC (QMM) as a liquidity provider, effective November 25, 2024. This agreement aims to enhance liquidity for DRIVE shares on ADX by providing bid-ask quotes in accordance with guidelines from ADX and the UAE Securities and Commodities Authority. The initiative seeks to improve liquidity and increase investor confidence in DRIVE's publicly traded shares.
International Holding Company PJSC (IHC) has issued a notice warning the public about scams using the company's name, employee names, and logo to promote fraudulent investment opportunities and tenders online. These scams request personal, business, and financial information, including credit card and bank details, purportedly for tender fees or investments. IHC emphasizes that it will never request such information or payments via email, mail, or any other means. The company advises caution and verification of any communication claiming to be from IHC, ensuring it originates from the official "@ihcuae.com" domain. To avoid scams, individuals are encouraged to stay informed through IHC's official website or the ADX for the latest news and disclosures.
Dana Gas PJSC has scheduled a board meeting for Wednesday, 27 November 2024, at 09:00 AM. The agenda includes discussions on the company's operations in Egypt, the United Arab Emirates, and the Kurdistan Region of Iraq, approval of the company's 5-year business plan and 2025 budget, ratification of the Q3 2024 financial statements, and other routine matters. The disclosure is authorized by Omran Al Zamani, the Board Secretary, with the document dated 22 November 2024.
On November 21, 2024, Abu Dhabi Ship Building PJSC held a board meeting from 1:00 PM to 3:00 PM, attended by nine board members (six in person and three remotely), achieving a 100% quorum. The board approved the minutes of the previous meeting and the formation of a new "Investor Relations Committee" with Mr. Rodrigo Torres as Chair, and Mr. Khalifa Abushahab and Mr. Abdullah Al Ghafli as members. The company's budget for 2025-2029 was discussed, with proposed amendments to be reviewed at the next meeting. The meeting details were signed by CEO David Massey.
The Dubai Financial Market has issued the expiry settlement prices for its equity futures contracts set to expire in November 2024. These prices are listed for various contract series codes, including AIRARB at 2.910 AED, ANSRI at 0.980 AED, ARMX at 2.270 AED, DEWA at 2.490 AED, DEYAAR at 0.905 AED, DFMGI at 4729.58 AED, DFM at 1.410 AED, DIB at 6.500 AED, DIC at 2.100 AED, DU at 7.470 AED, EMAAR at 9.500 AED, EMPWR at 1.730 AED, EMRDEV at 11.400 AED, ENBD at 19.700 AED, GFH at 1.200 AED, SALIK at 5.400 AED, and SHUAA at 0.190 AED. This announcement is available on the Dubai Financial Market's website. The document notes that the information is subject to change and emphasizes that it is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.