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Threads on regulatory news from companies
Threads on regulatory news from companies
Emirates Telecommunications Group Company PJSC (e&) announced that its wholly-owned subsidiary, e& enterprise, has signed a binding agreement to acquire 100% of GlassHouse, a cloud services provider based in Türkiye, for an enterprise value of $60 million. GlassHouse, founded in 2004, is a leader in data backup, business continuity, managed cloud, and SAP infrastructure services, serving 2,000 enterprises across various sectors with a team of over 150 employees. This acquisition aligns with e&’s strategic goals to expand its digital capabilities and global footprint, particularly in the Turkish IT services and cloud market. The transaction, financed through debt and not involving related parties, is expected to be EPS accretive and will have an insignificant impact on e&’s overall financials. Completion of the transaction is subject to customary conditions, and further updates will be provided as necessary.
HAYAH Insurance Company P.J.S.C., located at Floor 16, Sheikh Sultan Bin Hamdan Building, Corniche Road, P.O. Box 63323, Abu Dhabi, UAE, is a Public Joint Stock Company with a paid-up capital of AED 200 million. It is registered with the Central Bank of the UAE under registration no. 83 dated 16/09/2008. A meeting is scheduled for Friday, June 28, 2024, at 10:00 AM to discuss the Annual General Assembly Agenda, set the date and time for the meeting, and address administrative and operational business matters. The meeting is authorized by Mr. Mohamed Seghir, Chief Executive Officer, as of June 25, 2024. A copy of the meeting details has been sent to the Security and Commodities Authority (SCA).
Americana Restaurants International PLC has issued a notification to the Chief Executive Officer of the Abu Dhabi Securities Exchange regarding a Board of Directors meeting. The meeting is scheduled for 12:30 pm (UAE local time) on Thursday, 27th June 2024. The agenda includes a performance update for the year-to-date period ending May 2024 and other business updates. In compliance with Resolution No (3) of 2000 on disclosure and transparency, the decisions made during the meeting will be disclosed immediately afterward. The notification is signed by Saqib Muhammad Sabir Awan, Secretary of the Board, with a copy sent to the Securities and Commodities Authority.