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RAK Properties, a leading property developer in Ras Al Khaimah, has partnered with A.R.M Holding and HIVE to create a new coliving and coworking development in Mina Al Arab. This initiative aims to meet the needs of young professionals and entrepreneurs by offering innovative living and working spaces. The development will feature a 117-unit HIVE building and a 116-unit residential building for purchase, along with retail and coworking spaces. This project highlights RAK Properties' strategy to enhance the emirate's appeal as a vibrant and balanced lifestyle destination.
On 21 November 2024, a communication was sent to the Disclosure & Compliance Section at the Abu Dhabi Securities Exchange regarding a decision by the Board of Directors of Abu Dhabi Ports Company PJSC. The Board plans to issue a resolution by circulation on 25 November 2024 at 6 p.m. to invite the company's general assembly to discuss the issuance of bonds. The letter was signed by Emil Pellicer, the General Counsel, and a copy was sent to the Securities and Commodities Authority.
Al Ramz Capital LLC has been appointed as a liquidity provider for Bank of Sharjah, a financial institution listed on the Abu Dhabi Securities Exchange. The appointment will allow Al Ramz to begin independent trading of Bank of Sharjah shares from November 21, 2024, following regulatory approvals. The role of a liquidity provider is to optimize share trading by improving the order book, minimizing trading spreads, reducing price volatility, and increasing trading volume. Al Ramz, with over 25 years of experience in UAE capital markets, is a licensed market maker on both the Dubai Financial Market and Abu Dhabi Securities Exchange. The CEO of Al Ramz, Karim Schoeib, expressed his delight at the appointment, emphasizing their commitment to maintaining high standards of governance and transparency. Founded in 1998, Al Ramz is a public joint stock company listed on the Dubai Financial Market, offering services such as asset management, corporate finance, brokerage, and financial research.
The text is a formal communication addressed to H.E. Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, both located in the UAE. It concerns the results of a board meeting of the National Central Cooling Company (PJSC), also known as "Tabreed," held on November 19, 2024. The meeting focused on discussing the company's business and operational matters. The letter references specific articles of the Disclosure and Transparency Regulations and is signed by Sean Magee, the Board Secretary.