Latest Threads on News from companies

The Board of Directors of Islamic Arab Insurance Company (SALAMA) invites shareholders to attend the General Assembly meeting on Monday, July 22, 2024, at 3:00 PM. The meeting will be held at the company's headquarters in Dubai or via remote presence technology with video participation and electronic voting. The agenda includes: 1. Electing two Board Members to fill vacant seats until April 2026. 2. Discharging the resigned Board Members H.E. Saeed Mubarak AlHajeri (Chairman) and H.E. Mohammed bin Abdulaziz AlShehhi (Vice Chairman) from liability. 3. Approving the appointment of Mr. Mohammed Al Hashemi as a new Board Member, replacing Mr. Ajit Joshi, who resigned on March 11, 2024. Mr. Al Hashemi will serve until April 2026.

The General Assembly Meeting of Abu Dhabi Ship Building PJSC took place on June 26, 2024, from 1:00 pm to 1:30 pm. The meeting was chaired by Saeed Salim Hassan Salim Alsuwaidi and had a quorum of 52.26% attendance. The meeting was held both in person at the company's location in Abu Dhabi and virtually. Three special resolutions were approved: a related party transaction with Emirates Advanced Research and Technology Holding Company, a related party transaction with Anavia Company, and the authorization for the Board of Directors or their representatives to implement the special resolutions. The meeting was concluded under the supervision of CEO David Massey.

RAK Properties has launched the NB Collection, a series of high-end beachfront villas on Hayat Island, Mina Al Arab, Ras Al Khaimah. These villas are located near Angel Bay and the Nikki Beach Resort and Spa, offering direct access to beaches, marinas, and hotels. The collection consists of 11 contemporary villas designed with spacious living areas, open-plan layouts, and panoramic views of the Arabian Gulf. Each villa spans three levels and includes a private swimming pool, balconies, and a rooftop sun terrace with provisions for an additional plunge pool.

Americana Restaurants International PLC, located in Abu Dhabi, UAE, held a Board of Directors meeting on 27 June 2024 at 12:30 pm. The meeting agenda included discussing the company's performance and considering other business matters. The notification was addressed to the Chief Executive Officer of the Abu Dhabi Securities Exchange. The letter was signed by Saqib Muhammad Sabir Awan, the Secretary of the Board, with a copy sent to the Securities and Commodities Authority.

National Bank of Fujairah PJSC (NBF) held its General Assembly Meeting at Novotel Hotel in Fujairah, UAE, where shareholders ratified the appointment of Mr. Easa Farid Al Gurg to the Board of Directors and confirmed the appointment and remuneration for Mr. Moosa Tariq Al Khoory as a member of the bank’s Internal Shari’a Supervision Committee for a three-year term. Additionally, shareholders approved the issuance of up to USD 275 million (AED 1.01 billion) in Additional Tier 1 capital securities to support the bank’s capital adequacy ratio. These securities will be privately placed with the Government of Fujairah and converted into ordinary shares within two years, subject to regulatory approvals. Dr. Raja Easa Al Gurg, Deputy Chairperson, emphasized the importance of ongoing investment in governance and capital strength to support future growth.