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Threads on regulatory news from companies
Threads on regulatory news from companies
The General Assembly Meeting of ESG Emirates Stallions Group PJSC is scheduled for Monday 6th May 2024 at 3:00 pm. The meeting will be held virtually, with shareholders attending electronically. The approved shareholder's invitation and the agenda for the Annual General Assembly have been enclosed. Additional attachments include the announcement of nominations for Board membership, a disclosure regarding the approval of proxies, and a special power of attorney form for the ESG's General Assembly Meeting.
EasyLease, a subsidiary of the International Holding Company, has acquired a 60% stake in United Trans, a leading rail and transportation technology solutions provider and a subsidiary of Alserkal Group of Companies. This strategic acquisition is part of EasyLease's expansion plan into railways and smart mobility, aiming to reinforce its regional mobility leadership and expand its service portfolio. The move will enable EasyLease to deliver enhanced mobility solutions to customers across the GCC and the broader MENA region. United Trans, established in 2008, has been a key player in the regional transport sector, with a strong presence in the railway and smart mobility sectors.
The CEO of Easy Lease Motorcycle Rental PJSC, Ahmad Mohammad Al Sadah, has announced that the company has acquired a 60% stake in United Trans, a leading provider of rail solutions and transportation technologies. This acquisition is part of Easy Lease's strategic focus on the mobility sector, particularly railway services, to drive innovation and efficiency across all facets of mobility services. The partnership is expected to open new avenues for growth both domestically and internationally, reinforcing Easy Lease's position in the industry.
Takaful Emarat Insurance PJSC held a board meeting on Friday, 5th April 2024 at 10:30am. The agenda included the ratification of the previous Board of Directors meeting minutes, discussion and approval of the audited financial statement for 2023 (subject to approval from the Central Bank of the UAE), determination of the date and agenda for the General Assembly, discussion on increasing the company's share capital, updates on the insurance business, and other business matters. The meeting was authorized by Board Secretary, Rayan Omer.
Resolution No. 355 of 2024 announces the temporary suspension of trading on the shares of Sharjah Insurance Company. This is due to the company's AGM being held at 11:00 on the 29th of April, 2024, which coincides with the trading session at ADX. As a result, trading will be suspended from 09:00 on the same day 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 02/04/2024.