Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
H.E. Amr Al Menhali has resigned from his position as an independent Board member of Abu Dhabi Commercial Bank PJSC, effective from 24th April 2024 due to personal reasons. The Bank’s majority shareholder, One Hundred and Fourteenth Investment – Sole Proprietorship LLC, has nominated H.E. Dr. Ahmed Mubarak Al Mazrouei as a replacement. The Board of Directors approved the nomination on 12 May 2024, subject to the requirements of the Central Bank of the UAE.
H.E. Amr Al Menhali has resigned from his position as an independent board member of Abu Dhabi Commercial Bank PJSC, effective from 24th April 2024, citing personal reasons. The bank's majority shareholder, One Hundred and Fourteenth Investment – Sole Proprietorship LLC, has nominated H.E. Dr. Ahmed Mubarak Al Mazrouei as the replacement. The Board of Directors approved the nomination on 12th May 2024, subject to the requirements of the Central Bank of the UAE.
The Abu Dhabi Securities Exchange has issued a general disclosure, including a press release from Abu Dhabi National Oil Company (ADNOC), the current majority shareholder of ADNOC Drilling Company PJSC. The disclosure was signed by the Chief Executive Officer, Abdulrahman Abdulla Al Seiari, and a copy was sent to the Securities and Commodities Authority.
Dubai Insurance Company (P.S.C) has announced that credit rating agency AM Best has upgraded its Financial Strength Rating to A (Excellent) and its Long-Term Issuer Credit Rating to “a” (Excellent). The company cites the upgrade as a reflection of its strong financial standing and the increasing trust in its diverse insurance products. The firm remains dedicated to upholding its high standards and continuing its progress.
On 22 May 2024, Amlak Finance P.J.S.C held a meeting from 3:00PM to 5:00PM. All seven board members were present, achieving a 100% quorum. The board discussed normal business-related matters. The meeting was signed off by Lama Takieddin, the Head of Corporate Governance and Company Secretary.
The General Meeting (GM) for Presight AI Holding PLC took place on Tuesday, 21st May 2024, at the Rosewood Abu Dhabi Hotel and virtually online. The meeting, chaired by H.E. Mansoor Ibrahim Ahmed Saeed Almansoori, Chairman of the Board of Directors, started at 4:00 PM and ended at 4:30 PM. The total attendance quorum was 90.06% of the capital. The meeting's results were disclosed to the Market Operations and Surveillance Department of the Abu Dhabi Securities Exchange.