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Noatum, an AD Ports Group company, has acquired a majority stake in Safina B.V., a leading maritime agency and cargo services provider in Egypt and the Middle East. This acquisition, expected to close in Q3 2024, is a strategic move to expand Noatum Maritime's presence in the region. Safina, with its extensive network and expertise, will now have access to Noatum's international network, allowing it to serve a broader range of industries and strengthen its local presence. The acquisition aligns with AD Ports Group's broader strategy in Egypt, which includes recent agreements for managing various ports. Terry Gidlow, CEO of Noatum Maritime, highlighted that this move enhances their service offerings and supports sustainable growth by leveraging Safina's experience and local expertise.
Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) has released its unaudited condensed interim consolidated financial information for the six-month period ending on June 30, 2024.
The Dubai Financial Market (DFM) has issued the expiry settlement prices for its equity futures contracts expiring in August 2024. The prices are listed for various contract series, including AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFMGI, DFM, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA, with settlement prices ranging from 0.214 to 19.750 AED. This announcement is available on the DFM website. The information is subject to change and is not a substitute for the official DFM Regulated Derivative Contract Trading Regulation.