Latest Threads
Check out what has been happening in the community
On Thursday, 8 August 2024, Aramex PJSC held a meeting from 3:00 PM to 5:00 PM UAE time, with 8 board members present and an 89% quorum. The meeting included the approval of the company's unaudited interim condensed consolidated financial statements for the second quarter and the first six months ending 30 June 2024, as well as a discussion on business updates and routine matters. The meeting results were recorded by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.
Dubai Investments PJSC and its subsidiaries have released their condensed consolidated interim financial statements for the six-month period ending on June 30, 2024.
The Dubai Financial Market (DFM) has announced the margin parameters for various futures contracts effective from August 9, 2024. The underlying symbols include AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA. The base margin percentages range from 5% to 19%, with specific base margin and spread margin amounts listed for each contract. Detailed methodologies for margin calculation and eligible margin types are available in the Derivatives Clearing Guidelines and Procedures on the Dubai Clear website. The announcement is also accessible on the DFM website. The information is subject to change and should be cross-referenced with the Dubai Financial Market Regulated Derivative Contract Trading Regulation in case of discrepancies.
On August 8, 2024, the National Cement Company PSC held a board meeting from 11:00 AM to 12:00 PM, attended by six board members, achieving a quorum of 85.7%. The meeting resulted in the approval of the previous meeting minutes and the financial statement for the period ending June 30, 2024, as well as a discussion on the company's business. The disclosure was addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and was also copied to the Securities and Commodities Authority. The communication was signed by Mohammed Abdulla Ahmed Al Ghurair, General Manager of National Cement Company.
Resolution No. 465 of 2024 announces the temporary suspension of trading for Gulf Pharmaceutical Industries (JULPHAR) shares on the Abu Dhabi Securities Exchange (ADX). This suspension will start at 12:00 PM on August 14, 2024, due to a Board of Directors meeting that coincides with the trading session. Trading will resume once ADX receives the meeting results. The resolution requires all ADX department heads to implement this decision and mandates its circulation to the Securities and Commodities Authority (SCA), the concerned company, relevant ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on August 8, 2024.