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The text is a review report and condensed consolidated interim financial information for Amlak Finance PJSC and its subsidiaries. The report covers the three-month period ending on 31 March 2024 and is unaudited.
Resolution No. (399) of 2024 temporarily suspends trading on the shares of Gulf Medical Projects Company. This decision is in accordance with Article No. (16) of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to the company's Board of Directors Meeting scheduled for 12:00 on 14-May-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 14-May-2024 until ADX receives the meeting results. The resolution instructs all department heads at ADX to implement this in their respective fields. The resolution is to be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 08/05/2024.
The letter is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, from Lama Takieddin, the Head of Corporate Governance and Company Secretary of Amlak Finance PJSC. The letter dated May 8, 2024, informs that the Board of Directors of Amlak Finance PJSC has approved the company's financial statements for the period ending March 31, 2024. The Securities & Commodities Authority is also copied in this correspondence.
Resolution No. (398) of 2024 temporarily suspends trading of RAPCO Investment PJSC shares on the ADX. The suspension is due to coincide with RAPCO's Board of Directors Meeting at 10:00 on May 10, 2024. Trading will be suspended from 09:00 on that day until ADX receives the meeting results. All department heads in ADX are required to enforce this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on May 8, 2024.
Resolution No. (397) of 2024 temporarily suspends trading on the shares of Emirates Insurance Co., in accordance with article No. (16) of the Regulations concerning the listing of securities on ADX. The suspension will occur from 09:00 on 13-May-2024, due to the Emirates Insurance Co. Board of Directors meeting at 12:30 on the same day, and will last until the meeting results are received by ADX. The resolution is to be executed by all department heads at ADX and circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 08/05/2024.
The Abu Dhabi Securities Exchange (ADX) has issued a circular (19/2024) announcing a temporary suspension of trading on E7 Group shares. This follows the results of the E7 Group Company's General Assembly Meeting on 24/04/2024, where approval was given for the company's share split in line with Article (10/11) of the Listing and Disclosure Rules of the Operating Market. The trading suspension will take place on Friday, 03 May 2024 and Monday, 06 May 2024 due to the entitlement date of the Bank's shares split on 02/05/2024. Trading is expected to resume on Tuesday, 07 May 2024.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, provides cooling services to 21% of Dubai's hotels and hotel apartments, up from 19% the previous year. The company's services are contributing to the reduction of carbon emissions in alignment with Dubai's sustainability and zero emissions targets. Empower's services are in high demand from developers and operators of new hotels due to their compliance with international standards and use of innovative, AI-powered technologies. The company's efforts are consistent with Dubai's vision of a green economy and sustainable development. Empower's CEO, Ahmad bin Shafar, emphasized the company's early investments in AI-based infrastructure and strong support for the Arab Travel Market 2024's focus on sustainability and innovation in the travel industry.