Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Resolution No. 484 of 2024 announces the temporary suspension of trading for Abu Dhabi Commercial Bank (ADCB) shares. This suspension is due to the ADCB Board of Directors meeting scheduled for 10:00 on October 23, 2024, which coincides with the trading session at the Abu Dhabi Securities Exchange (ADX). Trading will be halted from 09:00 on October 23, 2024, until ADX receives the meeting results. The resolution mandates that all relevant ADX department heads implement this decision and that it be communicated to the Securities and Commodities Authority (SCA), ADCB, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on October 21, 2024.
TECOM Group PJSC, through its subsidiary TECOM Investments FZ LLC, has acquired Office Park in Dubai Internet City from Emirates REIT for AED 720 million. This acquisition is part of TECOM Group's strategy to expand its portfolio of Grade-A commercial assets and reinforces its position in Dubai's commercial real estate sector. The acquisition increases the Group's total investments in commercial and industrial assets to over AED 2.7 billion in 2024. Office Park's strategic location in a prominent tech hub and its strong customer base are expected to positively impact TECOM Group's financial performance and offer sustainable growth opportunities. TECOM Group CEO Abdulla Belhoul highlighted the acquisition as a step towards addressing the demand for premium commercial real estate in Dubai, supporting the city's growth as a global economic center.
A new contract series for Oman Crude Oil Futures, specifically the December 2025 contract, will be available for trading starting on October 25, 2024. The contract, identified by the symbol OMOIL Z25, will be listed until October 24, 2025. This announcement is from the Dubai Financial Market and can be accessed on their website. The information is subject to change and is not a replacement for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. are currently in negotiations for GFH to acquire Ithmaar's financing and investment portfolios, pending regulatory approvals. Shareholders will be regularly updated on any developments. The expected financial impact will be disclosed in due course. Previous announcements regarding these discussions were made on March 6, April 7, May 6, June 6, and September 19, 2024. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Ithmaar Holding B.S.C. has announced ongoing discussions with GFH Financial Group B.S.C. regarding GFH's potential acquisition of Ithmaar's financing and investment portfolios. The negotiations are subject to regulatory approvals, and shareholders will be regularly updated on any further developments.
The Board of Directors of Fertiglobe plc will hold a meeting via video conference on Thursday, October 24, 2024, at 3:30 p.m. UAE time. The agenda includes electing the Chairman of the Board, considering and approving the reconstitution of the Company's Board committees and appointing their members, and discussing general matters related to the Company's activities. The notice is from Ms. Rita Guindy, Director of Investor Relations, and a copy has been sent to the Securities and Commodities Authority.