Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
The document is a review report and condensed consolidated interim financial information for the National Bank of Ras Al-Khaimah (P.S.C.) covering the nine-month period ending on September 30, 2024.
On October 21, 2024, the Board of Directors of Multiply Group PJSC approved a written resolution to invite the company’s General Assembly to convene on or around November 18, 2024, at 3:30 p.m., pending approval from relevant regulatory authorities. The agenda for the assembly will include the election of board members in accordance with the regulations of the Securities and Commodities Authority (SCA) and any other relevant business as determined by the Board. This notification was sent to the Securities and Commodities Authority and the Abu Dhabi Securities Exchange.
Aldar has announced a partnership with Mandarin Oriental to develop Abu Dhabi's first Mandarin Oriental branded residences on Saadiyat Island. Scheduled to launch for sale later in 2024, the development will feature 228 luxury residences with panoramic views of the Arabian Gulf and Zayed National Museum. Located in the Saadiyat Cultural District, the residences will be near world-class museums, dining, and entertainment options. This collaboration highlights Abu Dhabi's growing appeal as a global destination and addresses the increasing demand for luxury branded residences.
MBME Pay Payment Services Provider, a subsidiary of MBME Group, has signed an agreement with Ruya Community Islamic Bank L.L.C., a digital-first Islamic bank in the UAE. The partnership aims to utilize digital services to enhance customer satisfaction and meet expectations while keeping up with digital advancements. This collaboration marks a significant step forward for MBME Group.
ADNEC Group, a subsidiary of Modon Holding, has signed agreements to acquire Royal Catering Services LLC, an Abu Dhabi-based catering provider with over 2,500 employees and a capacity of producing over 50,000 meals daily. This acquisition will integrate Royal Catering with ADNEC's Capital Catering business, making it one of the largest catering providers in Abu Dhabi. The move expands Capital Catering's focus and production capacity, enhancing ADNEC's market presence and profitability. The acquisition aligns with ADNEC's growth strategy, targeting high-potential sectors, and includes plans for operational improvements and technology integration. Modon Holding's CEO, Bill O'Regan, and ADNEC's CEO, Humaid Matar Al Dhaheri, emphasized the strategic importance of this acquisition in strengthening their market position and service offerings in Abu Dhabi and the UAE.