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Threads on regulatory news from companies
Threads on regulatory news from companies
On 07 August 2024, the Board of Directors of Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) held a meeting in Abu Dhabi at 3:00 p.m. During this meeting, the board approved the company's financial statements for the second quarter ending 30 June 2024 and discussed other general business matters. The notification of this meeting and its outcomes was addressed to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange.
On 07 August 2024, Ibrahim Sultan Al Haddad, the Chief Executive Officer of Salik Company PJSC, addressed a letter to Hamed Ahmed Ali, the CEO of Dubai Financial Market, regarding a forthcoming Board of Directors resolution by circulation. The meeting is scheduled for Tuesday, 13 August 2024 at 3pm, where the board will approve: 1. Condensed interim unaudited financial statements for the three and six-month periods ending 30 June 2024. 2. Distribution of interim cash dividends for the first half of the financial year 2024, as authorized by shareholders in the General Assembly Meeting held on 6 April 2023. 3. Normal business activities.
On August 7, 2024, H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, communicated with Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market (DFM). The subject of the communication was the results of a resolution by circulation from the Board of Directors of DFM (PJSC). The letter informs that the resolution has been concluded. The communication was also signed by Ali Amer Al-Hashimi, Chief Financial Officer of DFM.
On August 7, 2024, GFH Financial Group B.S.C. disclosed its market-making activities for July 2024, in compliance with the Central Bank of Bahrain's requirements. The report details transactions conducted by GFH's market maker, SICO, on the Bahrain Bourse, and by liquidity provider BHM Capital on the Dubai Financial Market and Abu Dhabi Securities Exchange. For July 2024, SICO purchased a total of 1,198,959 securities and sold 198,109 securities on the Bahrain Bourse, with total money paid amounting to USD 389,680 and total money received amounting to USD 64,769. The securities balance was 1,000,850, and the cash balance was USD 5,521,961.