Latest Threads on News from companies

The Board of Directors of ADNOC Gas Plc will pass a written resolution on 6 March 2024 at 6pm (UAE time) to consider and approve the company's audited annual financial statements for the financial year ended 31 December 2023. The circular resolution will be signed electronically. This was communicated in a letter from Dr. Ahmed Mohamed Alebri, the Chief Executive Officer of ADNOC Gas Plc, to the Abu Dhabi Securities Exchange and the Securities and Commodities Authority.

The Board of Directors of the Abu Dhabi National Energy Company PJSC (“TAQA”) will hold a meeting at 3pm on Wednesday, 6th March 2024, via video conference. The agenda includes endorsing proposed board and board committee fees for the financial year ending 31 December 2023 for subsequent shareholder approval and discussing other general matters related to the company's activities and projects. The communication is addressed to Mr. Hamad A. Al Ali, the Acting Head of Listed Companies Affairs at Abu Dhabi Securities Exchange.

The Acting Head of Listed Companies Affairs at Abu Dhabi Securities Exchange, Mr. Hamad A. Al Ali, has received a letter from Mohammad Adnan Sharafi, Secretary to the Board of Directors of Abu Dhabi National Energy Company PJSC (“TAQA” or the “Company”). The letter informs Mr. Al Ali that there will be a meeting of TAQA's Board of Directors on Wednesday, 06 March 2024, to be held via video conference. The agenda for the meeting includes endorsing proposed board and board committee fees for the financial year ending 31 December 2023 for subsequent shareholder approval and discussing other general matters relating to the activities of the company and its projects.

The Emirates Telecommunications Group Company (Etisalat Group), also known as "e&", has pledged to invest $6 billion from 2024 to 2026 in technological advancement, infrastructure development, and innovative digital solutions. This commitment was made to the International Telecommunication Union's (ITU) Partner2Connect Digital Coalition at the Mobile World Congress. The investment aims to extend meaningful connectivity to everyone across the group's operating countries in Africa, Asia, and the Middle East. This initiative is part of the group's business plan to provide accessible and affordable network connectivity and digital services.

The Chimera S&P Pakistan UCITS ETF - Income (CHPKIN) is an exchange traded fund that aims to provide investment returns corresponding to the performance of the S&P Pakistan UCITS Liquid35/20 Capped Index. The fund provides access to the Pakistan equity markets and distributes dividends semiannually when available. The fund's base currency and share class currency is PKR, with a total expense ratio of 1.00%. The ETF was launched on 17th August 2023 and is domiciled in Ireland. The fund is managed by Fundrock Management Co and Lunate Capital Limited and currently holds 15 different assets. It has a net asset value of AED 5.107 and assets under management of AED 5.11 million. The fund's performance since inception is 31.55%, compared to the benchmark's 26.14%. The fund's top holdings include Hub Power Company Ltd, Engro Corporation Ltd, and MCB Bank Ltd. The fund is traded on the Abu Dhabi Securities Exchange.

The Chimera S&P China HK Shariah ETF - Income (CHHKSHIN) is an exchange-traded fund that aims to match the performance of the S&P China Hong Kong-Listed Shariah Liquid 35/20 Capped Index. The fund provides a single access point to the Hong Kong equity markets and distributes dividends semiannually. The fund's base and share class currency is HKD, and it was established on 2nd June 2023. The fund's total expense ratio is 1.00%, and it is domiciled in the UAE. The fund is managed by Lunate Capital LLC, and it rebalances quarterly. The ETF's distribution yield is 0.00%, and it has a total market cap of 9,131.0 billion HKD. The fund's performance since inception shows a decrease of 17.84%. The fund is traded on the Abu Dhabi Securities Exchange. The top holdings of the fund include Tencent Holdings Ltd, Alibaba Group Holding Ltd, and Meituan.