Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
The UAE Pro League, in partnership with MBME Group, has launched an AI-powered digital platform aimed at transforming engagement in football. This platform offers advanced features to personalize fan experiences, enhance club operations, and streamline management processes. Key components include Digital FanGate for tailored fan interactions, ProWare for digital content and educational resources, ProFlow for club management and analytics, and advanced payment solutions. Additionally, the platform includes e-commerce capabilities for club merchandise and tickets. This initiative aligns with the Pro League's strategy to integrate AI and digital advancements in football by 2030.
ADNOC Logistics and Services (ADNOC L&S) announced a cash dividend of $136.5 million for the first half of 2024, equating to 6.78 fils per share. The company plans to distribute a total of $273 million in dividends for the full year, marking a 5% increase from the 2023 annualized dividend. The interim dividend record date is set for October 17, 2024. ADNOC L&S is committed to providing attractive shareholder returns and continues to focus on growth and value through strategic investments. The dividend aligns with the company's policy of a progressive annual increase of at least 5% per share over the medium term.
The Board of Directors of ADNOC Logistics & Services plc approved a written resolution on 7 October 2024 to distribute interim cash dividends to shareholders for the first half of the financial year 2024. The total dividend amount is USD 136.5 million, equivalent to AED 501.29 million, or approximately 6.78 fils per share. The last entitlement date for the dividends is 15 October 2024, the ex-dividend date is 16 October 2024, and the shareholders' registry will close on 17 October 2024. Payments will be made within 30 days from 7 October 2024.
The Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation on October 4, 2024, to approve internal matters that do not affect the company's share price. The communication was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and was also copied to the Securities and Commodities Authority. The letter was signed by Vicken Khochafian, the Board Secretary and Governance Director.
GFH Financial Group B.S.C. announced that it has increased its stake in Khaleeji Bank B.S.C. from 57.95% to 82.95%, a 25% increase, effective from September 30, 2024. This investment is expected to positively impact the Group's financials and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
Burjeel Holdings PLC, a healthcare provider in the MENA region, has signed a Memorandum of Understanding with Modon Holding to develop healthcare facilities in Ras El Hekma, Egypt. This collaboration aims to expand access to high-quality healthcare services in the area, which is set to become a significant economic and investment hub. The agreement includes developing multi-specialty healthcare facilities, implementing innovative healthcare solutions, and providing medical training programs to enhance local healthcare professionals' skills. The initiative also focuses on public health and wellness programs to improve community health outcomes. Ras El Hekma is a major development project with investments of USD 35 billion, featuring residential, commercial, and tourist facilities. The collaboration is part of efforts to build integrated services in Ras El Hekma, contributing to economic growth and improving the quality of life for residents and visitors. Burjeel Holdings, founded in 2007, operates a network of healthcare facilities across the UAE, Oman, and Saudi Arabia.