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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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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Commercial Bank International
ADX Disclosures: Temporary suspension of trading on the shares of Commercial Bank International on 24 Oct 2024

Resolution No. 483 of 2024 concerns the temporary suspension of trading for the shares of Commercial Bank International (CBI) on the Abu Dhabi Securities Exchange (ADX). This decision is in accordance with Article 16 of the ADX Listing Regulations. The suspension will occur because the CBI Board of Directors is scheduled to meet at 11:00 on October 24, 2024, which coincides with the trading session. Trading in CBI shares will be halted from 11:00 on that date until ADX receives the results of the meeting. The resolution requires all ADX department heads to implement this decision within their areas of responsibility. It will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all accredited brokers. The resolution has been approved by the authorized person and was issued on October 17, 2024.

1. ADX Disclosures: Temporary suspension of trading on the shares of Commercial Bank International on 24 Oct 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Gulf Navigation Holding PJSC
Disclosure: Notification from the company

The document is a notification regarding an acquisition deal involving Brooge Energy Limited. It references a Board of Directors meeting held on September 25, 2024, where the board approved the acquisition of companies and assets owned by Brooge Energy Limited. The board has recommended the deal for approval by the General Assembly. The company has submitted all necessary documents to the Securities and Commodities Authority (SCA), which is currently reviewing them to protect shareholders' rights. Shareholders and the market will be updated on any developments once the authority's approval is obtained for convening the general assembly. Shareholders are advised to rely only on official sources for information and to contact the Investor Relations Department for accurate details about the deal or the company's activities. The notification is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.

1. Disclosure: Notification from the company

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates NBD PJSC
Disclosure: Financial statements for the 3rd QTR of 2024

Emirates NBD Bank (P.J.S.C.) has released its group condensed consolidated interim financial statements for the nine-month period ending on September 30, 2024.

1. Disclosure: Financial statements for the 3rd QTR of 2024 2. Disclosure: Financial statements for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on TAKAFUL-EM shares on Thursday and Friday 17-18 October 2024 to execute activation on TAKAFUL-EM’s capital reduction
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: Today, 17/10/2024 is the ex-dividend date for DEWA shares
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Islamic Bank PJSC
Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Emirates Islamic reported a record profit of AED 2.5 billion for the first nine months of 2024, marking a 52% year-over-year increase. The bank's income rose by 16% to AED 4.1 billion, driven by growth in funded and non-funded income and a 24% increase in customer financing. In the third quarter of 2024, profits rose by 92% to AED 835 million, with income up 16% to AED 1.4 billion. Key performance highlights include a 16% increase in total income, a 10% decrease in expenses, and a 31% improvement in operating profit. The bank maintains a strong capital and liquidity position, with total assets at AED 107 billion and customer deposits at AED 74 billion. The non-performing financing ratio stands at 4.9% with a coverage ratio of 135%.

1. Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Islamic Bank PJSC
Disclosure: Financial statements for the 3rd QTR of 2024

Emirates Islamic Bank, a public joint stock company based in Dubai, has released its unaudited group condensed consolidated interim financial statements for the nine-month period ending on September 30, 2024. The bank's head office is located on the 3rd floor of Building 16 in Dubai Health Care City, Dubai, United Arab Emirates. For more information, the bank can be contacted via phone at +971 600599995, fax at +971 4 3582659, or through their website at www.emiratesislamic.ae.

1. Disclosure: Financial statements for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Islamic Bank PJSC
Disclosure: Results of BOD Meeting

The Board of Directors of Emirates Islamic Bank (P.J.S.C) held a meeting on 16 October 2024. During the meeting, they approved the minutes from the previous board meeting held on 17 July 2024, approved the financial results for the three-month period ending on 30 September 2024, and discussed normal business activities. The letter is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and is signed by Dr. Ahmed Alkhalfawi, the Group Company Secretary of Emirates NBD Bank (P.J.S.C). A copy of the letter was also sent to the Securities & Commodities Authority.

1. Disclosure: Results of BOD Meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Bank of Sharjah
Disclosures: Bank of Sharjah Management Discussion and Analysis Report for the Period Ended September 30,2024

1. Disclosures: Bank of Sharjah Management Discussion and Analysis Report for the Period Ended September 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Bank of Sharjah
Disclosures: Bank of Sharjah Financial Results for the Period Ended September 30,2024

1. Disclosures: Bank of Sharjah Financial Results for the Period Ended September 30,2024

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