Latest Threads on News from companies

ADNOC Drilling has announced a new dividend policy that ensures a minimum annual growth of 10% in dividends from 2024 to 2028, resulting in at least 61% cumulative growth over five years. This policy allows the Board of Directors to approve additional discretionary dividends. At least $4.8 billion will be distributed to shareholders during this period, highlighting the company's commitment to attractive shareholder returns. The policy was approved at the General Shareholder Meeting and aims for a minimum cumulative yield of over 27% from 2024 to 2028. Dividends will be paid semi-annually. ADNOC Drilling recently increased its free float to 16.5% following a $935 million institutional placement, benefiting a larger number of shareholders.

Taaleem Holdings PJSC has announced the official completion of the Dubai British School Jumeira (DBS Jumeira), a new addition to their network of Dubai British Schools. This new state-of-the-art facility, located in Jumeira along Dubai’s iconic water canal, is ready to welcome students for the academic year 2024/25. Designed to accommodate up to 1,900 students, the school features advanced educational technologies and extensive recreational facilities to enhance both academic and extracurricular experiences. Due to high demand, DBS Jumeira has already entered a waitlisting phase for enrollment. This marks the fourth school in Taaleem’s DBS network, demonstrating their commitment to providing premium education in the UAE and reflecting their dedication to advancing educational excellence and accessibility in the region.

Al Firdous Holdings (P.J.S.C.) and its subsidiary in Dubai, United Arab Emirates, have released their consolidated financial statements for the period ending March 31, 2024. These statements are accompanied by an independent auditor's report.

Al Firdous Holdings (P.J.S.C.) and its subsidiary, based in Dubai, United Arab Emirates, have released their consolidated financial statements for the period ending March 31, 2024. These statements are accompanied by an independent auditor's report.

Ithmaar Holding B.S.C. has announced that its Board of Directors will review and approve the financial results for the period ended 30 June 2024 on Tuesday, 13 August 2024, at 1:00 PM. This announcement is directed to Bahrain Bourse and Dubai Financial Market.

On June 24, 2024, Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, addressed a letter to Hamed Ahmed Ali, CEO of Dubai Financial Market (DFM). The letter concerns a supplementary disclosure by DFM regarding the passing of a Board of Directors' resolution by circulation. It informs that the Board is still considering a resolution regarding an internal matter, which is currently under study. The letter is signed by Ali Amer Al-Hashimi, Chief Financial Officer of DFM.

Ahmad bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower) and Chairman of Dubai's District Cooling Operators Association, has been re-elected for the sixth consecutive term to the Board of Directors of the International District Energy Association (IDEA). Bin Shafar, who first joined the IDEA Board in 2013, is the first Arab Emirati to hold a senior position in the organization. His reappointment was announced during the 115th IDEA Annual Conference & Trade Show. The recognition comes in light of his achievements in the district cooling industry, his global support for district cooling deployment, and his professional performance over the past decade. Bin Shafar has also been honored as a Special Advisor on district cooling to the United Nations Environment Programme (UNEP). He expressed his commitment to continue serving in this role, emphasizing the importance of green systems and sustainable energy projects.