Latest Threads on News from companies

Resolution No. 303 of 2024 temporarily suspends trading of the shares of Emirates Driving Company. This is due to a board of directors meeting scheduled for 13:30 on 28-Feb-2024, which coincides with the trading session at ADX. As a result, trading in DRIVE shares will be suspended from 09:00 on 28-Feb-2024 until ADX receives the meeting results. All department heads 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 22/02/2024.

Resolution No. 301 of 2024 announces a temporary suspension of trading for the shares of Emirates Insurance Co. This suspension is due to coincide with a Board of Directors meeting on 28-Feb-2024 at 11:00. The trading will be suspended from 09:00 on the same day until the meeting results are received. The resolution also instructs all department heads at ADX to execute this resolution in their respective fields and circulate it to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 22/02/2024.

Air Arabia Company (Public Joint-Stock Company) is inviting shareholders to its Annual General Assembly Meeting (AGM) to be held both virtually and physically at their head office on Airport Road, next to Sharjah International Airport, at 11:00 am on Friday, 15/03/2024. The agenda includes the approval of the Board of Directors' report on the company's activities and its financial position for the fiscal year ended 31/12/2023, the Auditor’s Report for the same period, and the company's balance sheet and profit & loss account. The board is also proposing a cash dividend distribution of 20% of the share capital, equivalent to 20 fils per share. The meeting will also consider the approval of the directors’ remunerations, discharge the Board of Directors and Auditors from liabilities for the fiscal year ended on 31/12/2023, and appoint external auditors for the fiscal year 2024. Electronic registration, attendance, and voting will be available, with details sent via SMS to shareholders a day prior to the AGM.