Latest Threads on News from companies

His Excellency Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), participated as a keynote speaker at the International District Energy Association (IDEA) Conference 2024 in Orlando, USA. The conference focused on 'District Energy for Sustainable Cities'. Bin Shafar emphasized the importance of district cooling systems for sustainable and economic development, advocating for global legislation to support their adoption. He highlighted that district cooling is essential for reducing energy consumption in the cooling sector and accelerating the transition to a low-carbon future. Bin Shafar noted that supportive government policies and local power provider cooperation are crucial for effective deployment. He also shared Empower's success in leading the district cooling industry and its collaboration with the United Nations Environment Programs and academic institutions to advance the technology further.

Date: June 20, 2024 Mr. Hamed Ahmed Ali CEO - Dubai Financial Market Dubai, United Arab Emirates Subject: Board of Directors Meeting Number 5 of 2024 of Drake & Scull International PJSC Dear Sirs, We would like to inform you that the Board of Directors of Drake & Scull International PJSC will hold its fifth meeting of 2024 on Monday, June 24, 2024, at 3:00 PM at the offices of the Company. The agenda includes: 1. Reviewing and approving previous minutes of the meeting. 2. Calling the General Assembly to convene and setting its agenda items. 3. Discussing routine and operational business of the Company. 4. Any other items. Sincerely, Shafiq Abdulhamid Chairman

RAK Properties has announced an amendment to its Articles of Association following a resolution from its AGM on March 20, 2024. The amendment involves the distribution of bonus shares amounting to 4% of the company's capital, valued at AED 80 million, and an increase in the company's capital by AED 920 million for the benefit of the government of Ras Al-Khaimah as a strategic partner. The Securities and Commodities Authority (SCA) has approved this amendment. Before the amendment, the company's issued capital was two billion dirhams divided into two billion shares. After the amendment, the issued capital is three billion dirhams divided into three billion shares, all fully paid in cash, and equal in rights and obligations.

RAK Properties has communicated to the Abu Dhabi Securities Exchange about an amendment to its Articles of Association. Following a resolution passed at the company's AGM on March 20, 2024, which approved the distribution of bonus shares and an increase in the company's capital, RAK Properties received approval from the Securities and Commodities Authority (SCA) to amend Article 6. The amendment changes the company's issued capital from two billion dirhams to three billion dirhams, divided into three billion shares, each valued at one dirham. The shares are fully paid in cash and are of the same class with equal rights and obligations.

Abu Dhabi Future Energy Company PJSC ("Masdar"), a leading clean energy company in the UAE, in which Abu Dhabi National Energy Company PJSC ("TAQA") holds a 43% share, has announced a definitive agreement to acquire a controlling stake in Terna Energy SA (TENERGY.AT) from GEK Terna Holdings SA (GEKTERNA.AT) and other shareholders. This acquisition is subject to regulatory approvals and other conditions. The information was disclosed in a letter addressed to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange, signed by Mohammad Adnan Sharafi, Board Secretary.