Latest Threads on News from companies

A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. will be held on Wednesday, 24th July 2024 at 9:00 a.m. The agenda includes approving the minutes of the previous meeting held on 24th April 2024, approving the financial statements for Q2 of 2024, discussing normal business activities, and addressing any other business. The outcome of the meeting will be communicated immediately afterward.

The document pertains to RAPCO Investment P.J.S.C in Ras Al Khaimah, United Arab Emirates, and covers the unaudited financial performance for the six-month period ending June 30, 2024. It includes an independent auditor's review report and condensed interim financial statements.

Al Ramz Capital LLC, based in Dubai, UAE, announced its appointment as the liquidity provider for ADNOC Drilling Company PJSC, the largest drilling and well completions company in the Middle East by fleet size. Al Ramz will begin independent trading of ADNOC Drilling shares on 18 July 2024, following regulatory approvals. With over 25 years of experience in UAE capital markets, Al Ramz is a licensed market maker on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). The company is recognized for its market-making services, which enhance liquidity by enriching the order book, minimizing trading spreads, reducing price volatility, and increasing trading volume. Founded in 1998, Al Ramz offers various financial services including asset management, corporate finance, brokerage, security margins, market making, liquidity providing, public offering management, and financial research.

Resolution No. (435) of 2024 temporarily suspends the trading of Abu Dhabi Islamic Bank (ADIB) shares on the Abu Dhabi Securities Exchange (ADX) from 12:00 on July 24, 2024, until the results of the ADIB Board of Directors meeting are received by ADX. The resolution mandates all ADX department heads to execute this decision within their respective fields and requires the resolution to be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all accredited brokers. The resolution was approved by the authorized person and issued on July 17, 2024.

Salik Company PJSC, the exclusive toll gate operator in Dubai, has joined the United Nations Global Compact, the world's largest corporate sustainability initiative. This move aligns Salik with over 20,000 companies globally committed to upholding principles in human rights, labor, environment, and anti-corruption. The membership supports Salik's long-term vision of creating positive social and environmental impacts alongside its business activities. CEO Ibrahim Haddad emphasized the company's commitment to ethical standards and environmental responsibility, stating that the collaboration will help integrate sustainable practices and contribute to the UN's Sustainable Development Goals (SDGs). Salik is exploring innovative solutions to minimize its environmental footprint and promote social progress.

ADNOC Drilling Company has appointed Al Ramz Capital, a licensed financial institution and market maker, as a liquidity provider for its shares listed on the Abu Dhabi Securities Exchange (ADX). The one-year agreement stipulates that Al Ramz Capital will independently trade the company's shares and provide liquidity by offering simultaneous buy and sell orders in accordance with ADX and Securities and Commodities Authority regulations. This appointment aims to enhance liquidity and trading efficiency for the company's shareholders.

Ras Al Khaimah - United Arab Emirates: For the six months period ended June 30, 2024 (Unaudited), RAPCO Investment P.J.S.C has released its independent auditor's review report and condensed interim financial statements.