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The Board of Directors of Fujairah Cement Industries (PJSC) held a meeting on Thursday, 12/09/2024, from 12:00 PM to 01:00 PM. Eight board members were present, achieving a quorum of 73%. During the meeting, the Board approved the procedures for implementing decisions taken at the General Assembly Meeting No. 43, in accordance with relevant regulations and laws, and discussed operational matters.
Abu Dhabi Ship Building Company PJSC (ADSB) has appointed Q Market Maker (QMM) as its liquidity provider to enhance the liquidity and market efficiency of its shares on the Abu Dhabi Securities Exchange (ADX). Starting from September 12, 2024, QMM will provide liquidity by submitting two-way quotes in accordance with UAE regulations. This move aims to create a more liquid and transparent market for ADSB's shareholders and investors. Both David Massey, CEO of ADSB, and Magdi Shannon, CEO of QMM, expressed optimism about the collaboration, highlighting its benefits for market liquidity and the growth of the UAE's maritime sector.
Mashreqbank PSC, headquartered in Dubai, UAE, held a Board of Directors meeting on September 11, 2024, at 9:00 AM. The meeting reviewed and approved the minutes from the previous meeting held on July 25, 2024, and discussed various topics related to the bank's business and activities. The communication is addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, and is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy of the communication was also sent to the Securities & Commodities Authority.