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GFH Financial Group B.S.C. announced its market-making activities for October 2024, in compliance with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The announcement details the transactions conducted by GFH's liquidity providers: SICO on the Bahrain Bourse and BHM Capital on the Dubai Financial Market and Abu Dhabi Securities Exchange. As of October 31, 2024, GFH held 207,500,896 treasury shares, representing 5.4% of the group's total outstanding shares. During the month, SICO purchased 371,469 securities and sold 1,030,750 securities on the Bahrain Bourse, with total payments of USD 124,831 and total receipts of USD 345,215.
HAYAH Insurance Company P.J.S.C will hold a meeting on Tuesday, 12th November 2024, starting at 11:00 AM. The agenda includes approving the minutes from the previous Board Meeting, discussing and approving the Financial Statements for the third quarter of 2024, and addressing administrative and operational business matters that do not affect the share price. The meeting is authorized and signed by Mr. Mohamed Seghir, the Chief Executive Officer, on 6th November 2024, with the company's seal.
GFH Financial Group B.S.C. has announced a webcast for its third-quarter financial results for 2024, covering the period ending on September 30, 2024. The webcast is scheduled for Wednesday, November 13, 2024, at 01:00 pm Bahrain time. Shareholders and investors are invited to follow the broadcast. The announcement was made by Mariam Jowhary, Head of Compliance & AML, and is officially sealed by the company.
NMDC Group PJSC is participating in tenders worth AED 76 billion, in addition to existing contracts valued at AED 70 billion by the end of Q3 2024. During the Abu Dhabi International Petroleum Exhibition and Conference, NMDC Energy, a subsidiary, highlighted its innovations in the energy sector, which contributes 50% to the group's revenue and 60% to its total contracts. CEO Eng. Yasser Zaghloul discussed the group's flexible investment strategy, noting AED 2 billion invested in assets over the past two years, representing 33% of total assets. The group is focusing on geographical expansion, innovation, and listing subsidiaries on stock markets. NMDC Group and Vingroup have signed an MOU to explore collaboration on large-scale, environmentally sustainable projects in Vietnam, aiming to create jobs and support economic growth in coastal regions.
The Board of Directors of Waha Capital PJSC will meet on Tuesday, November 12, 2024, at 12:00 p.m. in Abu Dhabi to discuss general business matters. This notification is issued by the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. Copies of the notice have been sent to the Securities and Commodities Authority.
The Board of Directors of Al Wathba National Insurance Company (PJSC) will hold their sixth meeting of 2024 on Wednesday, November 13th, starting at 12:00 PM. The agenda includes reviewing and approving the minutes from the previous meeting, the company's financial statements as of September 30, 2024, related party transactions, reinsurance arrangements, and recent regulations from the Central Bank. They will also review and approve the proposed 2025 budget in alignment with the five-year strategic plan and discuss other general company matters. The meeting details are communicated by Muralikrishnan R, the Chief Financial Officer, with copies sent to the Central Bank of the UAE and the Securities and Commodities Authority.
Abu Dhabi Ship Building (ADSB) has formed a strategic partnership with French company LACROIX to integrate LACROIX's advanced decoy system, SYLENA LW, into ADSB's new RABDAN FA-400 Fast Attack vessel. The agreement was signed at the EURONAVAL 2024 exhibition in Paris. This collaboration aims to enhance the RABDAN FA-400, a 45-meter patrol vessel, by significantly boosting its defense capabilities for various military operations. The vessel, equipped with the decoy system, will be displayed at the Naval Defence Exhibition & Conference (NAVDEX) in Abu Dhabi in February 2025. ADSB is a leader in naval and commercial vessel services and is part of the EDGE Platforms & Systems cluster, contributing to the UAE's naval defense and maritime operations.