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BHM Capital Financial Services P.S.C, a private joint stock company regulated by the SCA, submitted a letter to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, through the EFSAH System on November 22, 2024. The letter outlines resolutions approved by the company's Board of Directors by circulation on the same date. The resolutions include: 1) Board members decided to resign due to a change in company ownership and upcoming phase requirements, effective after the next General Assembly meeting and the election of a new Board. 2) The nomination process for new Board members will be opened. 3) A recommendation for the General Assembly to appoint a new auditor and set their fees. 4) An invitation to convene the General Assembly to approve these matters. The letter is signed by Abdel Hadi Al Sadi, CEO of BHM Capital.
The document provides the expiry settlement price for the Micro GME Oman Crude Oil Futures contract expiring in November 2024. The settlement price is 74.07 USD for the contract with the series code OMOIL X24 and contract ID OIL221124001. This announcement is available on the Dubai Financial Market website. The document includes a disclaimer noting that the information is subject to change and that the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of inconsistencies.
The weekly summary for DFM Regulated Short Sell Transactions from November 18 to November 22, 2024, reports on trades involving the Salik Company PJSC. The short sell trade volume for Salik was 3,823 with a trade value of AED 20,911.81, and another trade volume of 177 with a value of AED 968.19. For detailed information on regulated short selling, refer to the DFM Market Rules and Operational Model available on their website. The announcement is also accessible on the Dubai Financial Market's website. Note that the information is subject to change, and DFM is not liable for any losses resulting from the use of this data.
The Discussion and Analysis Report for Abu Dhabi National Building Materials Company PJSC, also known as Beldco, covers financial statements up to September 2024. For this period, the company reported net revenues of AED 40,981,848, up from AED 27,843,428 in the same period the previous year. The cost of sales was AED 34,999,842, compared to AED 30,176,989 the previous year. Total profits reached AED 5,982,006, a significant improvement from a total loss of AED 2,333,561 in the prior year. The company recorded consolidated net profits of AED 13,743,681, reversing a consolidated net loss of AED 17,936,171 from the previous year. Earnings per share were 0.05 dirhams, compared to a loss of 0.06 dirhams in the prior year. Net shareholders' equity stood at AED 33,740,871 as of September 30, 2024, up from AED 20,680,212 at the end of 2023. No securities were issued during this financial period.
Emirates Driving Company (DRIVE), listed on the Abu Dhabi Securities Exchange (ADX), has appointed Q Market Maker LLC (QMM) as a liquidity provider, effective November 25, 2024. This agreement aims to enhance liquidity for DRIVE shares on ADX by providing bid-ask quotes in accordance with guidelines from ADX and the UAE Securities and Commodities Authority. The initiative seeks to improve liquidity and increase investor confidence in DRIVE's publicly traded shares.
International Holding Company PJSC (IHC) has issued a notice warning the public about scams using the company's name, employee names, and logo to promote fraudulent investment opportunities and tenders online. These scams request personal, business, and financial information, including credit card and bank details, purportedly for tender fees or investments. IHC emphasizes that it will never request such information or payments via email, mail, or any other means. The company advises caution and verification of any communication claiming to be from IHC, ensuring it originates from the official "@ihcuae.com" domain. To avoid scams, individuals are encouraged to stay informed through IHC's official website or the ADX for the latest news and disclosures.