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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Commercial Bank of Dubai P.S.C.
Disclosure: BOD meeting

A letter dated 17th April 2024 was sent to Mr. Hamed Ahmad Ali, the CEO of Dubai Financial Market, from Mr. Ahmed Ali Al Jaziri, the Board Secretary of Commercial Bank of Dubai P.S.C. The letter informs Mr. Hamed of a Board of Directors meeting scheduled for 24th April 2024 at 9:00 a.m. The agenda for the meeting includes approval of minutes from the previous meeting held on 6th March 2024, approval of the bank's financial statements for Q1 2024, discussion of normal business activities, and any other business. The outcomes of the meeting will be shared with Mr. Hamed immediately after the meeting.

1. Disclosure: BOD meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From DANA GAS PJSC
Disclosures: DANA GAS PJSC AGM Results held on 17/04/2024 at 11:00

The General Assembly meeting of Dana Gas PJSC took place on 17th April 2024, from 11:00 AM to 12:12 PM, chaired by Mr. Abdul Hameed Dhia Jafar. The quorum of total attendance was 52.55%, with 100% of attendees registering through the electronic voting system. The assembly approved the Board of Directors' report on the company's activities and financial position for the financial year ended December 31st, 2023. It also approved the External Auditors' report and the company's financial statements for the same year. The assembly resolved to transfer 10% of annual net profit to the Legal Reserve (AED 59 million) and the Voluntary Reserve (AED 59 million), with the balance of AED 728 million carried forward to retained earnings. It was also decided that no dividend would be distributed for the financial year ended 31 December 2023.

1. Disclosures: DANA GAS PJSC AGM Results held on 17/04/2024 at 11:00

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Alliance Insurance
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Electricity & Water Authority PJSC
Disclosure: Press Release

Dubai Electricity and Water Authority (DEWA) and ACWA Power have announced the financial closure of their 180 million imperial gallons per day seawater reverse osmosis desalination project in Hassyan. The project is a key part of DEWA's strategy to enhance Dubai's water desalination capacity and represents the world's largest project of its kind using this technology under the Independent Water Producer model. The project is worth AED 3.377 billion. The project supports Dubai's Integrated Water Resources Management Strategy 2030, the UAE Water Security Strategy 2036, and the Dubai Clean Energy Strategy 2050. By 2030, DEWA aims to produce all desalinated water with clean energy and waste heat. The project is fully powered by renewable energy.

1. Disclosure: Press Release

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on AJMANBANK shares starting from 02:10 pm after disclosing the resolutions of its General Assembly. The Resume-Auction session (no-matching) will be 5 minutes
Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From AJMAN BANK PJSC
Disclosure: Resolutions of General Assembly

1. Disclosure: Resolutions of General Assembly

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From Al Fujairah National Insurance Company
ADX Disclosures: Temporary suspension of trading on the shares of Al Fujairah National Insurance Company on 25 Apr 2024

Resolution No. 367 of 2024 announces the temporary suspension of trading on the shares of Al Fujairah National Insurance Company. This is due to the company's AGM being held at 12:00 on 25-Apr-2024, which coincides with the trading session at ADX. Therefore, trading will be suspended from 09:00 on 25-Apr-2024 until ADX receives the AGM results. The resolution also instructs all department heads at ADX to execute this decision 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 17/04/2024.

1. ADX Disclosures: Temporary suspension of trading on the shares of Al Fujairah National Insurance Company on 25 Apr 2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From Al Fujairah National Insurance Company
ADX Disclosures: AFNIC Resumption Notice

1. ADX Disclosures: AFNIC Resumption Notice

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on NGI shares starting from 11:30 AM after disclosing the resolutions of its General Assembly. The Resume-Auction session (no-matching) will be 5 minutes
Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on NGI shares starting from 10:00 AM until General Assembly resolutions disclosed
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