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On 07 August 2024, Ibrahim Sultan Al Haddad, the Chief Executive Officer of Salik Company PJSC, addressed a letter to Hamed Ahmed Ali, the CEO of Dubai Financial Market, regarding a forthcoming Board of Directors resolution by circulation. The meeting is scheduled for Tuesday, 13 August 2024 at 3pm, where the board will approve: 1. Condensed interim unaudited financial statements for the three and six-month periods ending 30 June 2024. 2. Distribution of interim cash dividends for the first half of the financial year 2024, as authorized by shareholders in the General Assembly Meeting held on 6 April 2023. 3. Normal business activities.
On August 7, 2024, H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, communicated with Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market (DFM). The subject of the communication was the results of a resolution by circulation from the Board of Directors of DFM (PJSC). The letter informs that the resolution has been concluded. The communication was also signed by Ali Amer Al-Hashimi, Chief Financial Officer of DFM.
On August 7, 2024, GFH Financial Group B.S.C. disclosed its market-making activities for July 2024, in compliance with the Central Bank of Bahrain's requirements. The report details transactions conducted by GFH's market maker, SICO, on the Bahrain Bourse, and by liquidity provider BHM Capital on the Dubai Financial Market and Abu Dhabi Securities Exchange. For July 2024, SICO purchased a total of 1,198,959 securities and sold 198,109 securities on the Bahrain Bourse, with total money paid amounting to USD 389,680 and total money received amounting to USD 64,769. The securities balance was 1,000,850, and the cash balance was USD 5,521,961.
Resolution No. (462) of 2024 announces the temporary suspension of trading in the shares of Sharjah Cement and Industrial Development Co. (SCIDC) on the Abu Dhabi Securities Exchange (ADX). This suspension will occur from 11:00 on August 13, 2024, coinciding with the SCIDC Board of Directors meeting, and will last until ADX receives the meeting results. The resolution mandates that all relevant ADX departments execute this decision and that it 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 7, 2024.