Latest Threads on News from companies

The Insurance House P JSC has announced a list of nominees for its Board of Directors. The nominees are: Mr. Mohamed Abdulla Jumaa Alqubaisi, Mrs. Alia Abdulla Mohamed Almazrouei, Mr. Abdulmajeed Ismail Ali Al Fahim, Mr. Khaled Abdulla Jumaa Alqubaisi, Mr. Murtadha Mohamed Sharif Alhashmi, Mr. Jassem Mubarak Masoud Aldhaheri, and Mr. Raman Tirunelveli Kuppuswamy, who is a representative of Finance House PJSC. All nominees are non-executive members, with Mr. Khaled Abdulla Jumaa Alqubaisi, Mr. Murtadha Mohamed Sharif Alhashmi, and Mr. Jassem Mubarak Masoud Aldhaheri being independent members.

The Annual General Assembly Meeting of ADNOC GAS PLC took place on 29 March 2024, both in person and virtually, and was chaired by H.E. Dr. Sultan Al Jaber. The quorum was 91.22% of the total attendance. The assembly approved the Board of Directors’ report, the external auditor’s report, the standalone and consolidated audited financial statements for the financial year ended on 31 December 2023. The assembly also approved a cash dividend distribution of USD 1,625,102,948 for the second half of the financial year and a total cash dividend of USD 3,250,205,896 for the year. The assembly approved a remuneration of AED 19.04 million for the Board of Directors and discharged them and the external auditors from liability for their activities in 2023. Deloitte & Touche Middle East was appointed as the external auditor for the financial year 2024 with a remuneration of USD 963,000 plus any applicable VAT.

The Emirates Telecommunications Group Company (Etisalat Group) has closed the nomination process for the four Board seats designated for non-government shareholders. The nomination period ended on 7th April 2024. The candidates for the board seats are Sheikh Ahmed Mohamed Sultan Bin Suroor Al Dhahiri, Mr. Abdelmonem Bin Eisa Bin Nasser Alserkal, Mr. Khalid Abdulwahid Hassan Alrustamani, Mr. Otaiba Khalaf Ahmed Khalaf Al Otaiba, and Mr. Yogesh Sharma. The profiles of the candidates are attached.

The Emirates Telecommunications Group Company (Etisalat Group) has announced the closure of the nomination period for its board elections. Four board seats were open for shareholders other than the Government shareholder. The nominations closed on 7th April 2024, after the legal period for candidacy. The candidates are Sheikh Ahmed Mohamed Sultan Bin Suroor Al Dhahiri, Mr. Abdelmonem Bin Eisa Bin Nasser Alserkal, Mr. Khalid Abdulwahid Hassan Alrustamani, Mr. Otaiba Khalaf Ahmed Khalaf Al Otaiba, and Mr. Yogesh Sharma. Profiles of the candidates have been attached.

On 8th April 2024, a discussion session was held via MSX to discuss the audited financial results for the financial year ending on 31st December 2023. The session was recorded and the link to the recording is available on the company's website. For more information, contact details for the Manager of Administration & Investor Relations, Dr. Said bin Hilal Al-Kharousi, have been provided. The information was signed off by Acting Chief Executive Officer, Raffy Kozadjian.

SHUAA Capital p.s.c., a financial investment company based in Dubai, United Arab Emirates, has announced an adjournment to a noteholders' meeting initially scheduled to vote on amending the terms and conditions of bonds issued by a SHUAA affiliated special purpose vehicle. The total value of these bonds is $150 million and they are due on March 31, 2024. The meeting has been adjourned to April 19, 2024, due to a lack of quorum. The company's Board of Directors will keep shareholders informed of any developments and next steps by April 19, 2024. The notification was made by Bachir Nawar, Chief Legal and Compliance Officer of SHUAA Capital.

The GFH Financial Group B.S.C. (GFH) and Ithmaar Holding B.S.C. (Ithmaar) have released an announcement stating that they are in ongoing discussions for GFH to acquire Ithmaar's financing and investment portfolios. The structure of the transaction is still being finalized and is subject to due diligence and regulatory approvals. The companies will keep shareholders informed of any further developments. The transaction is expected to have a positive and significant impact on GFH's financials and increase the returns for the group.

The text refers to the 2023 Sustainability Report of Al Fujairah National Insurance Company PJSC, which is presumably about the company's environmental, social, and governance (ESG) performance and initiatives.