Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Resolution No. 376 of 2024 temporarily suspends trading of the shares of National Bank of Fujairah on the ADX, in accordance with Article No. 16 of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to a Board of Directors Meeting of the National Bank of Fujairah scheduled for 11:00 on 29-Apr-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 29-Apr-2024 until ADX receives the meeting results. All department heads at ADX are to implement 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 25/04/2024.
The subscription process for shares of Drake & Scull International, part of a final step in the company's restructuring plan, is set to begin on April 25, 2024, and conclude on May 10, 2024. The subscription volume is 600 million dirhams, distributed over 2.4 billion shares. This offers an opportunity to enhance the company's capacity and provide sufficient liquidity to cover and implement its work plan. Shareholders will have the opportunity to benefit from subscribing to the new shares at a discounted price of 25 fils per share. The subscription process will be conducted through the main offices of Emirates NBD, as well as branches of Dubai Commercial Bank in Abu Dhabi, Dubai and Sharjah. To participate in the capital increase, shareholders must ensure their names appear in the company's share register held by the Dubai Financial Market by the end of working hours on the due date, April 24, 2024. Trading on the company's shares is expected to resume on May 21, 2024.
Resolution No. 375 of 2024 concerns the temporary suspension of trading on the shares of Manazel PJSC. The decision is made in accordance with Article No. 16 of the Regulations concerning the Listing of Securities on ADX. The suspension is due to Manazel PJSC's AGM being held at 10:00 on the 23-May-2024, which coincides with the trading session at ADX. Therefore, trading in Manazel shares will be suspended from 09:00 on 23-May-2024 until ADX receives the AGM results. All heads of departments in ADX are required to execute 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 issued on 25/04/2024.
The text is an unaudited, condensed consolidated interim financial statement from Abu Dhabi Islamic Bank PJSC, dated 31st March 2024.
Eshraq Investments PJSC has announced the adjournment of its General Assembly meeting originally scheduled for 24th April 2024 due to lack of quorum. The rescheduled meeting will take place on 30th April 2024 at 1:00 PM, at the Eshraq H.Q in Abu Dhabi. The meeting will also be accessible via audio and video call, and voting will be conducted through E-registration. Regardless of the number of shares present or represented, the adjourned meeting will be considered valid.
Emirates Central Cooling Systems Corporation (Empower) and its subsidiary ELIPS, a manufacturer of pre-insulated pipes and thermal solutions, have renewed their ISO certifications for Quality Management System (ISO 9001:2015), Environmental Management System (ISO 14001:2015), and Occupational Health and Safety Management System (ISO 45001:2018). Empower also renewed its Information Security Management System (ISO27001:2013) certification. The renewals demonstrate the companies' commitment to maintaining high standards in quality, environment, health and safety, as well as information security. CEO Ahmad Bin Shafar stated that the renewals are a testament to Empower's business sustainability and continuous development.