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Date: 13 September 2024 Listed Company: Amlak Finance PJSC Date and Day of the Meeting: Wednesday, 18 September 2024 Meeting Starting Time: 3:00 PM Agenda of the Meeting: - Normal business activities and updates Name of the Authorized Signatory: Lama Takieddin Designation: Head of Corporate Governance & Company Secretary Signature: [Signature]
Mashreqbank PSC announced on September 13, 2024, its agreement to dispose of a 65% interest in its subsidiary, IDFAA Payment Services LLC. The transaction, valued at approximately USD 385 million, aims to realize value for Mashreqbank and its shareholders while establishing a long-term shareholder arrangement with the purchasers, Arcapita Group Holdings Limited and Dgpays S.a.r.l., for future business growth. The deal is not associated with related parties and was signed on September 12, 2024.
Dubai Taxi Company (DTC) has been awarded 300 new plates by Dubai's Roads and Transport Authority, increasing its market share to 46% and expanding its fleet to nearly 6,000 vehicles. This expansion is expected to generate an additional annual revenue of AED 100 million. The company aims to meet the growing demand for transport in Dubai, driven by population and economic growth. CEO Mansoor Rahma Al Falasi highlighted that the fleet has grown by approximately 10% in 2024, reaching nearly 9,000 vehicles across various segments. This move aligns with DTC's strategy of fleet expansion and enhancing shareholder value.
On September 13, 2024, Abu Dhabi National Company for Building Materials (BILDCO) held its eighth board meeting of the year. The meeting took place at 14:00 PM. During this meeting, the board approved the minutes of the seventh board meeting of 2024 and the executive action plan for the last quarter of 2024.
International Holding Company PJSC (IHC) has issued a notice to inform the public about the protection of personal and financial information. The company warns that scammers are using IHC’s name, employee names, and logo to advertise fraudulent investment opportunities and tenders online, requesting personal, business, and financial details, including credit card and bank information, to pay tender fees or invest in the company. IHC emphasizes that it will never request personal, business, or financial information, or ask for payments or investments via email, mail, or any other means. If you receive such a request, treat it with caution and do not provide any sensitive information. Before making any payments to unknown sources, verify the legitimacy of the sender’s email address, ensuring it comes from an “@ihcuae.com” domain. IHC advises staying updated with their latest news through their official website (ihcuae.com) or the ADX website (adx.ae) to protect against scams.