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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
a year ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, has achieved a second Guinness World Record for the Largest Cooling Plant Coverage in its Business Bay district cooling project in Dubai. This project currently serves 188 buildings, including residential, commercial, and hospitality facilities, and is one of the largest district energy projects worldwide, with a capacity of 451,540 refrigeration tons. Empower's network spans 52.4 kilometers and utilizes advanced technologies, including thermal energy storage and treated sewage effluent. This achievement follows a previous record for the Highest Capacity District Cooling Plant. Empower's CEO, Ahmad Bin Shafar, highlighted the dedication of their teams and their commitment to efficiency, quality, innovation, and sustainability, aligned with the UAE's vision for the future.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Salik Company PJSC
Disclosure: Press release

Salik, the exclusive toll gate operator in Dubai, has partnered with Parkonic, the largest private parking operator in the UAE, to integrate its eWallet system across Parkonic's 107 locations in the UAE, marking Salik's first expansion beyond Dubai. This five-year contract aims to enhance parking payment solutions, contributing to the UAE's smart city infrastructure by offering seamless and secure access to parking services. Salik will receive a percentage of parking fees through its eWallet, supporting its ancillary revenue growth. The solution is expected to be available for approximately 135,000 parking spaces by the first quarter of 2025. Both companies emphasize their commitment to innovation and improving urban mobility, aligning their technologies to support the UAE's smart city goals.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Drake & Scull International P.J.S.C
Disclosure: Press release

Drake and Scull International PJSC (DSI), a company specializing in mechanical, electrical, and plumbing services, as well as oil and gas and water treatment projects, is actively pursuing growth opportunities in the UAE's infrastructure market and the wider Middle East region. The company is currently involved in various infrastructure and water treatment projects and has submitted bids for projects worth 4 billion dirhams. These efforts are part of DSI's strategy to expand its project portfolio and strengthen its leadership in large-scale infrastructure projects. CEO Muin Al Saleh expressed optimism about the company's growth potential and regional expansion plans. Additionally, DSI's subsidiary secured a 180 million Saudi Riyals contract for a wastewater treatment plant in Saudi Arabia, reinforcing the company's capacity to handle large projects.

1. Disclosure: Press release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Abu Dhabi Ports Company PJSC
Disclosures: Abu Dhabi Ports Company PJSC Invitation to Attend AGM held on 20/12/2024 at 15:00

The Abu Dhabi Securities Exchange (ADX) has been informed by the Abu Dhabi Ports Company PJSC that the Securities and Commodities Authority (SCA) has approved their request to hold a General Assembly meeting. This meeting is scheduled for 3 p.m. on Friday, December 20, 2024. An invitation to the General Assembly meeting will be published in both English and Arabic in two daily newspapers on Friday, November 29, 2024. Attached to the notice is the meeting invitation and a disclosure regarding proxy authorizations for attendance.

1. Disclosures: Abu Dhabi Ports Company PJSC Invitation to Attend AGM held on 20/12/2024 at 15:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Abu Dhabi National Energy Company
Disclosures: Masdar Completes Acquisition for 70% of the Outstanding Shares in TERNA ENERGY any

Abu Dhabi Future Energy Company PJSC, known as Masdar, has completed the acquisition of 70% of the outstanding shares in TERNA ENERGY SA from GEK TERNA SA and other shareholders. The acquisition, priced at 20 euros per share, values TERNA ENERGY SA at an enterprise value of 3.2 billion euros. Masdar, in which Abu Dhabi National Energy Company PJSC (TAQA) holds a 43% share, has obtained all necessary regulatory approvals. Following the transaction, Masdar plans to seek further regulatory approvals for a mandatory tender offer to acquire the remaining shares of TERNA ENERGY SA. TERNA ENERGY SA currently has an operating capacity of 1.2 gigawatts and aims to expand to 6 gigawatts by 2029.

1. Disclosures: Masdar Completes Acquisition for 70% of the Outstanding Shares in TERNA ENERGY any

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From OOREDOO
Disclosures: Ooredoo Announces Date to Pay Interest to Bondholders

Ooredoo Q.P.S.C. announced that its wholly-owned subsidiary, Ooredoo International Finance Limited, will pay interest to holders of its Global Medium Term Notes on December 23, 2024. The notes, valued at $500 million with an interest rate of 3.75%, are due on June 22, 2026. The interest payment amounts to $9,375,000. Ooredoo is a leading communications company in Qatar, offering mobile, fixed, broadband internet, and corporate managed services, with a focus on enriching people's lives and fostering growth through communication.

1. Disclosures: Ooredoo Announces Date to Pay Interest to Bondholders

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From ESG EMIRATES STALLIONS GROUP P.J.S.C
Disclosures: ESG EMIRATES STALLIONS GROUP P.J.S.C Announcements

The text is a communication from the CEO of ESG Emirates Stallions Group PrJSC, Kayed Ali Khorma, addressed to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange. Dated November 28, 2024, it discusses the recent rise in the company's share price on November 26 and 27, 2024. The increase is attributed to market supply and demand dynamics, and the Group states that it has no undisclosed material information. The Group reaffirms its commitment to disclosure processes.

1. Disclosures: ESG EMIRATES STALLIONS GROUP P.J.S.C Announcements

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Waha Capital Company
Disclosures: Waha Capital Company Board Meeting Results held on 28/11/2024 at 10:00

The Board of Directors of Waha Capital PJSC held a meeting on November 28, 2024, in Abu Dhabi at 10:00 a.m. During the meeting, the Board discussed general business matters related to the company's activities. The notification was issued by the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange and was also copied to the Securities and Commodities Authority.

1. Disclosures: Waha Capital Company Board Meeting Results held on 28/11/2024 at 10:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank Announcement of Board Meeting to be held on 05/12/2024 at 10:00

1. Disclosures: Sharjah Islamic Bank Announcement of Board Meeting to be held on 05/12/2024 at 10:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From International Holding Company PJSC
Disclosures: Announcement from International Holding Company PJSC dated 28/11/2024 on Purchase of Shares

1. Disclosures: Announcement from International Holding Company PJSC dated 28/11/2024 on Purchase of Shares

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