Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
The text is about a review report and condensed consolidated interim financial information for The National Bank of Ras Al-Khaimah (P.S.C.) from January 1, 2024 to March 31, 2024.
Hily Holding PJSC held a board meeting via video conference on 25/04/2024, with a quorum of 71.4%. The meeting, which began at 2:00 PM and ended at 2:30 PM, saw the approval of the minutes of the previous meeting. Mr. Ahmed Ali Khalfan Al Dhaheri was elected as the Chairman of the Board, while Mr. Mohamed Saeed Al Qubaisi was elected as the Vice Chairman. The formation of Board committees was also confirmed during the meeting.
The General Assembly Meeting of Invictus Investment Company PLC was held remotely on April 19, 2024, at 3:00 pm. The meeting was called upon by the Company’s Board of Directors and had a quorum of registered shareholders owning 1,017,880,480 shares, which represents 90.88% of the Company's share capital. The attendees included the Chairman, Mr. Osama D. Abdellatif, Director Mr. Amir D. Abdellatif, Group Chief Financial Officer Mr. Robert Rotich, and internal legal counsel Mr. Zia Hashmi. The agenda of the meeting was to discuss topics that were previously announced and to make appropriate decisions.
Shareholders of Bayanat AI PLC and Al Yah Satellite Communications Company P.J.S.C. (Yahsat) have approved a merger to create SPACE42, an AI-powered space technology company based in the Middle East North Africa (MENA) region. The merger, proposed in December 2023, is expected to be effective by mid-2024. SPACE42 will combine Bayanat’s Geospatial AI capabilities with Yahsat’s satellite communications capabilities to create new space-based services. The new entity aims to offer an expanded scope of services, utilize economies of scale, and improve profitability. The merger is in line with the National Space Strategy 2030 and the National Strategy for Artificial Intelligence 2031. SPACE42 is expected to become one of the world's most valuable publicly listed space companies.