Latest Threads on News from companies
Threads on regulatory news from companies
The Abu Dhabi Securities Exchange has issued a resolution to suspend the trading of Gulf Pharmaceutical Industries shares starting from October 23, 2024, until further notice. This decision is in accordance with Articles 10/11 and 38 of the ADX Listing and Disclosure Rules. All relevant departments and brokers are required to implement this resolution, which will be effective from the issuance date. The resolution was issued by Abdulla Salem ALNuaimi, the Chief Executive Officer of ADX.
Emirates Central Cooling Systems Corporation (Empower) and its subsidiary ELIPS have successfully renewed their ISO certifications for 2024. They were re-certified for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 after passing audits conducted by Bureau Veritas. Empower also upgraded to the ISO 27001:2022 standard for its Information Security Management System. This renewal highlights both companies' commitment to quality, environmental standards, and information security. H.E. Ahmad Bin Shafar, CEO of Empower and Chairman of ELIPS, emphasized their dedication to meeting customer needs and aligning with the UAE's vision for excellence and innovation.
The General Assembly Meeting of EMSTEEL Building Materials PJSC took place on 22 October 2024 from 3:30 pm to 3:50 pm, chaired by Hamad Abdulla Mohamed Al Hammadi. The meeting was conducted both physically and electronically via video conference, with a quorum attendance of 87.73% through electronic voting. The assembly elected the following individuals as members of the Board of Directors for a three-year term: Hamad Abdulla Mohamed Alshorafa Alhammadi, Saeed Ghumran Saeed Salem Al Remeithi, Abdulaziz Abdulla Ismail Mohamed Alhajri, Nabeel Qadir, Fatima Abdulla Mohamed Sharif Abdulla Alfahim, Farah Abdulla Mohamed Al Mazrui, and Ahmed Ali Muhammad Ali Al Shamsi. No special decisions or resolutions were made.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has scheduled a Board of Directors meeting on Monday, October 28, 2024, at 3:00 PM. The agenda includes approving two convertible bond issuances, subject to regulatory approvals, considering calling a general assembly meeting for shareholders to approve the bond issuance, and discussing company-related matters. The meeting will take place at their headquarters in Dubai, UAE.
Resolution No. (486) of 2024 temporarily suspends trading of Abu Dhabi Islamic Bank (ADIB) shares on the Abu Dhabi Securities Exchange (ADX). The suspension will begin at 12:00 on October 30, 2024, coinciding with the ADIB Board of Directors meeting, and will last until ADX receives the meeting results. All relevant departments at ADX are instructed to implement this resolution, and it will 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 October 22, 2024.
Resolution No. (485) of 2024 announces the temporary suspension of trading in the shares of RAK Co. for White Cement & Construction Materials on the Abu Dhabi Securities Exchange (ADX). This suspension will occur due to a Board of Directors meeting scheduled for 10:00 on October 25, 2024, which coincides with the trading session. Trading in these shares will be halted from 09:00 on that day until ADX receives the meeting results. The resolution mandates all ADX department heads to implement this decision and requires its circulation to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on October 22, 2024.