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Dubai Financial Market News

Dubai Financial Market News

News Update From Islamic Arab Insurance Company

Disclosure: BOD meeting

Islamic Arab Insurance Company – SALAMA (PSC) will hold a board meeting on Wednesday, 14th August 2024, starting at 3:00 PM. The agenda includes reviewing and approving the minutes of the previous board meeting held on 25th July 2024, reviewing and approving the financial statements for the second quarter ending 30th June 2024, and discussing other general matters. The announcement is authorized by Khaled Barakat, General Counsel.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai National Insurance & Reinsurance

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Emirates Refreshments Company

Disclosure: Financial statements for the 2n QTR of 2024

The document is a review report and condensed consolidated financial information for Emirates Reem Investments P.J.S.C. for the six-month period ending on June 30, 2024.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Aram Group

ADX Disclosures: Temporary suspension of trading on the shares of ARAM GROUP PJSG on 13 Aug 2024

Resolution No. (468) of 2024 temporarily suspends trading of Aram Group shares on the Abu Dhabi Securities Exchange (ADX) due to a Board of Directors meeting scheduled for 11:00 on August 13, 2024. Trading will be suspended from 11:00 on that date until ADX receives the meeting results. The resolution mandates that all ADX department heads execute this decision within their respective fields and that it be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. This resolution was approved by the authorized person and issued on August 9, 2024.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Hayah Insurance Company P.J.S.C

ADX Disclosures: Temporary suspension of trading on the shares of AXA Green Crescent Insurance Company PJSC on 30 Aug 2024

Resolution No. (467) of 2024 announces the temporary suspension of trading for the shares of Hayah Insurance Company P.J.S.C. This suspension will occur from 14:00 on 30-Aug-2024 until the Abu Dhabi Securities Exchange (ADX) receives the results of the company's Annual General Meeting (AGM), which is scheduled at the same time. The resolution mandates that all department heads at ADX implement this decision within their respective areas. Additionally, the resolution will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all departments at ADX, and all ADX-accredited brokers. The resolution has been approved by the authorized person and was issued on 09/08/2024.

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Dubai Financial Market News

Dubai Financial Market News

News Update From National General Insurance Company P.J.S.C

Disclosure: BOD meeting

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From RAK Co. for White Cement & Construction Materials

ADX Disclosures: RAKWCT Resumption Notice

Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C has released its unaudited interim condensed consolidated financial statements for the period ending on 30 June 2024.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Fujairah National Insurance Company

ADX Disclosures: AFNIC Resumption Notice

Al Fujairah National Insurance Company PJSC has released its unaudited condensed interim financial information for the period ending on June 30, 2024.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Aviation Co.

ADX Disclosures: ADAVIATION Resumption Notice

The document is a review report and condensed consolidated interim financial information for Abu Dhabi Aviation PJSC for the six-month period ending on June 30, 2024. The information provided is unaudited.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Investments PJSC

Disclosure: Press release regarding financial results for the 2nd QTR of 2024

Dubai Investments reported a net profit after tax attributable to shareholders of AED 289.24 million for Q2 2024, a 78% increase from the previous year when adjusted for one-off gains. For the first half of 2024, the net profit was AED 409.20 million, an 83% increase on the same basis. The Group's total assets rose to AED 21.82 billion, while equity attributable to owners slightly decreased to AED 13.34 billion. Key highlights include the progress on the Danah Bay project, the launch of Violet Tower, and the acquisition of Carnation Education LLC by Al Mal Capital REIT. The Vice Chairman and CEO, Khalid Bin Kalban, attributed the strong performance to effective business strategies and a robust property sector. The Group remains optimistic about maintaining its performance and expanding its investment footprint.

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