Latest Threads on News from companies

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.

Easy Lease Motorcycle Rental PJSC has announced the acquisition of a 51% stake in Gallega Global Logistics, a subsidiary of the Ghassan Aboud Group. This move enhances Easy Lease's presence in the mobility and logistics sectors. Gallega, with its significant infrastructure, has been crucial in optimizing supply chains across various industries and managed over 130,000 vehicles in 2023. The acquisition aligns with Easy Lease's strategy to expand its mobility and logistics solutions, incorporating advanced AI and IoT technologies, and opens new growth opportunities both regionally and internationally.

EasyLease, a UAE mobility solutions company, has acquired a 51% stake in Gallega Global Logistics, a logistics service provider. This acquisition secures 3.5 million square feet of logistics infrastructure in the UAE and marks EasyLease's entry into the logistics sector. The deal aims to integrate EasyLease's mobility solutions with Gallega's infrastructure to create a comprehensive mobility and logistics ecosystem. Both companies plan to invest in advanced mobility technologies and AI. The acquisition aligns with the UAE Industrial Strategy 2030 and aims to enhance EasyLease's competitive edge in the MENA region's logistics industry.