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International Holding Company (IHC), a diversified conglomerate based in Abu Dhabi, has announced the formation of Rorix Holdings. This new global finance and trade facilitation company will focus on financial services, trade finance, advisory, commodities, and trade insurance sectors. The initiative aims to support economic development by providing local, regional, and global businesses access to new markets through the UAE. Rorix Holdings will contribute to the UAE’s economic diversification by promoting innovation, growth, and sustainable development. It will offer comprehensive services and advanced solutions to boost trade volumes, attract foreign investment, and foster economic partnerships. The CEO of IHC, Syed Basar Shueb, highlighted that Rorix Holdings will leverage the latest technologies and trade solutions to support businesses of all sizes in the international marketplace. The company will also form strategic partnerships with various stakeholders to facilitate seamless international trade.

ADNOC Drilling Company P.J.S.C. has released a review report and condensed consolidated financial information for the six-month period ending on June 30, 2024.

Enersol, a joint venture between ADNOC Drilling Company and Alpha Dhabi Holding, has signed an agreement to acquire a 100% equity stake in EV Holdings Ltd. for approximately $45 million. EV Holdings is a global provider of vision-based diagnostics and analytical services in the oil and gas sector, with a presence in 36 countries. This acquisition aligns with Enersol's strategic vision to become a technology-centric investment platform and marks its third acquisition, bringing total commitments to around $550 million since inception. The transaction is subject to regulatory approvals and closing adjustments.

Enersol has signed an agreement to acquire a 100% equity stake in EV Holdings for $45 million. EV Holdings is a global provider of vision-based diagnostics and analytical services in the oil and gas sector. This acquisition aligns with Enersol's strategy to become a technology-centric investment platform. This marks Enersol's third acquisition, bringing its total commitments to approximately $550 million. The transaction is subject to regulatory approvals and closing adjustments. EV Holdings operates in 36 countries, including the UAE and Saudi Arabia, and offers well diagnostics services to address complex wellbore issues.

On 2 August 2024, the Board of Directors of ADNOC Drilling Company PJSC held a meeting via video conference at 3:00 p.m. During this meeting, the Board approved the company's financial statements for the second quarter of the financial year 2024. Additionally, they approved the distribution of interim cash dividends to shareholders for the first half of 2024, amounting to USD 394,143,750 (equivalent to AED 1,447,492,922), which translates to approximately 9.0468 fils per share. Key dates include the last entitlement date on 8 August 2024, the ex-dividend date on 9 August 2024, the shareholders' registry closing date on 12 August 2024, and the payment date within 30 days from 2 August 2024. All parties agreed to sign the document electronically.