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On 19/08/2024, Al Wathba National Insurance Company (PJSC) disclosed the resignation of Ms. Fatima Khalifa Saif Darwish Alketbi from its board of directors. Ms. Alketbi, a non-executive and independent board member, resigned for personal reasons. The resignation was accepted and became effective on the same date. The disclosure was signed by Muralikrishnan R, the Chief Financial Officer, and was also communicated to the Securities and Commodities Authority.
Agthia Group PJSC, located in Abu Dhabi, UAE, has issued an invitation for its General Assembly Meeting. The invitation includes the meeting's agenda and clarifying disclosures. The communication is addressed to the Disclosure and Compliance Section and the Market Operations Department of the Abu Dhabi Securities Exchange. The document is signed by Mehreen Mahmood Awan, the Company Secretary, and a copy has been sent to the Securities and Commodities Authority (SCA) in Abu Dhabi.
Anantara Mina Al Arab Ras Al Khaimah Resort, developed by RAK Properties, has received LEED Gold certification for 2024, highlighting its commitment to sustainable luxury hospitality. Located on a private peninsula with natural mangroves, the resort was designed to minimize environmental impact through sustainable practices and eco-friendly materials. The resort features sustainable design, energy-efficient technologies, water conservation efforts, and thoughtful material selection, all of which contribute to reducing its ecological footprint while maintaining a luxurious experience for guests. This achievement aligns with Anantara's vision for sustainability and environmental preservation.
Bayanat AI PLC and Al Yah Satellite Communications Company PJSC (Yahsat) have successfully launched the UAE’s first Synthetic Aperture Radar (SAR) satellite on August 16, 2024, in collaboration with ICEYE. This satellite, part of the Earth Observation (EO) Space Program, aims to enhance global EO capabilities by providing high-resolution, persistent monitoring solutions. The SAR technology allows for imaging regardless of weather conditions or time of day. This initiative supports the UAE's National Space Strategy 2030 and reinforces its leadership in the space sector. The launch, facilitated by Exolaunch and SpaceX’s Transporter 11 rideshare, marks a significant milestone for Bayanat and Yahsat, highlighting their commitment to advancing the UAE's space capabilities and fostering local talent.
FinanceMan
The Dubai Financial Market (DFM) has released its weekly summary for Regulated Short Sell (RSS) transactions for the period from August 12, 2024, to August 16, 2024. The summary includes short sell trade volumes and values for three securities: Dubai Electricity & Water Authority PJSC (DEWA) with a volume of 7,000 and a value of AED 16,730, Emaar Properties PJSC (EMAAR) with a volume of 2,050 and a value of AED 16,953.50, and Parkin Company PJSC (PARKIN) with a volume of 7,250 and a value of AED 26,477.50. Additional information on RSS can be found in the DFM Market Rules and related documents available on the DFM website. The announcement is also accessible on the DFM website. The information provided is subject to change and is offered on an "as is" basis without liability for any potential losses.