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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Press release - Nasdaq Dubai Welcomes USD 500 million Sustainability Sukuk by Warba Bank

Nasdaq Dubai has announced the listing of USD 500 million Sustainability Sukuk issued by Warba Bank, marking the first such issuance in Kuwait. This listing is part of Warba Bank's USD 2 billion trust certificate issuance program and aims to support sustainable projects in line with global sustainability goals. The exchange, a leading platform for fixed income and ESG-related listings, now holds a total value of USD 134 billion in listed fixed income securities, including USD 30 billion in ESG listings, with ESG Sukuk accounting for USD 18 billion. The issuance attracted strong investor interest, with orders reaching USD 1.8 billion, 3.6 times the issuance size. The listing was celebrated with a bell-ringing ceremony attended by Shaheen H. Al Ghanem, CEO of Warba Bank, and Hamed Ali, CEO of Nasdaq Dubai and DFM. Both executives highlighted the importance of sustainable finance and the role of Nasdaq Dubai in supporting such initiatives.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Ekttitab Holding Company K.S.C.C

Disclosure: Notification from the company

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Co. for Building Materials

ADX Disclosures: Temporary suspension of trading on the shares of Abu Dhabi National Co. for Building Materials on 14 Aug 2024

Resolution No. 470 of 2024 addresses the temporary suspension of trading for the shares of Abu Dhabi National Co. for Building Materials (BILDCO). This suspension is due to a Board of Directors meeting scheduled at 14:00 on August 14, 2024, which coincides with the trading session on the Abu Dhabi Securities Exchange (ADX). Trading will be halted from 14:00 on August 14, 2024, until ADX receives the meeting results. The resolution mandates that all relevant ADX department heads execute this decision within their respective fields and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on August 12, 2024.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: DFM Regulated Short Sell – Weekly Summary – August

The Dubai Financial Market (DFM) released a weekly summary for regulated short sell transactions for the period from August 5, 2024, to August 9, 2024. During this period, EMAAR Development PJSC had a short sell trade volume of 4,700 shares with a trade value of AED 37,121, while EMIRATES NBD PJSC had a short sell trade volume of 120 shares with a trade value of AED 2,370. For more information on regulated short selling, refer to the DFM Market Rules and Operational Model available on the DFM website. The announcement is also accessible on the DFM website. Note that the information provided is subject to change and DFM is not liable for any loss resulting from the use of this data.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From United Fidelity Insurance Company (P.S.C)

ADX Disclosures: Temporary suspension of trading on the shares of United Fidelity Insurance Company (P.S.C) on 14 Aug 2024

Resolution No. (469) of 2024 addresses the temporary suspension of trading for United Fidelity Insurance Company (P.S.C) shares on ADX. The suspension will start at 12:00 on 14-Aug-2024 due to a Board of Directors meeting scheduled at the same time. Trading will resume once ADX receives the meeting results. The resolution mandates all ADX department heads to implement the decision and requires circulation of the resolution to the SCA, the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on 12-Aug-2024.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on ERC shares after disclosing the results of its BOD meeting
Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From ADNOC Gas plc

Disclosures: ADNOC Gas plc Board Meeting Result (Dividend) to be held on 09/08/2024 at 15:00

On 9 August 2024, the Board of Directors of ADNOC Gas Plc held a meeting via video conference and approved the company's financial statements for the second quarter of 2024. They also approved the distribution of interim cash dividends to shareholders for the first half of 2024, totaling USD 1,706 million (AED 6,265,986,093), which equates to approximately 8.164 fils per share. The key dates for the dividend distribution include the last entitlement date on 15 August 2024, the ex-dividend date on 16 August 2024, the shareholders' registry closing date on 19 August 2024, and the payment date within 30 days from 9 August 2024.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Ekttitab Holding Company K.S.C.C

Disclosure: Notification from the company

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Ekttitab Holding Company K.S.C.C

Disclosure: BOD meeting

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Dubai Financial Market News

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Notification from the company

1. Attached Document