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Threads on regulatory news from companies
Threads on regulatory news from companies
Oman Insurance Company P.S.C. ("Sukoon") held a Board of Directors meeting on Wednesday, May 29, 2024, at 10:00 am at their head office in Dubai and via Teams video conferencing. The agenda included a general business review and the approval of the Investment Committee Charter and Investment Policy Guidelines. The meeting's details were communicated to Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, with a copy sent to Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.
Dubai Taxi Company (DTC) has entered into a strategic partnership with talabat UAE, a leading delivery platform, to enhance and expand DTC's delivery fleet. This agreement aims to diversify DTC's revenue base and leverage its extensive network to support talabat's delivery services across the UAE. The collaboration aligns with DTC's growth strategy to strengthen its presence in both local and international transport and delivery markets within the e-commerce sector. The partnership will facilitate improved investment opportunities, better commercial relationships, and increased revenue potential, while enhancing talabat's delivery capabilities through DTC's advanced logistics technologies.
Resolution No. (422) of 2024 outlines the temporary suspension of trading for the shares of Abu Dhabi National Co. for Building Materials (BILDCO). The suspension will begin at 14:00 on May 29, 2024, to coincide with a Board of Directors meeting, and will remain in effect until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. The resolution mandates that all relevant ADX departments execute this decision and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on May 29, 2024.
The Extraordinary General Meeting initially scheduled for Tuesday did not achieve the required quorum. As a result, a second meeting will be held on Wednesday, May 29, 2024, at 1:30 pm in the Noble Meeting Room at the Westin City Centre Bahrain Hotel, Seef District, Kingdom of Bahrain.