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Resolution No. 507 of 2024 addresses the temporary suspension of trading for Union Insurance Company shares on the Abu Dhabi Securities Exchange (ADX). The suspension is due to a Board of Directors meeting scheduled for November 12, 2024, at 10:00 AM, which coincides with the trading session. Trading will resume once ADX receives the meeting results. All ADX department heads are instructed to implement this resolution, and it will be communicated to the Securities and Commodities Authority, the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on November 7, 2024.

Resolution No. (506) of 2024 concerns the temporary suspension of trading shares of Al Buhaira National Insurance Company on the Abu Dhabi Securities Exchange (ADX). This decision is due to a Board of Directors meeting scheduled for 11:00 on November 13, 2024, which overlaps with the trading session. Trading will be suspended from this time until ADX receives the meeting results. The resolution mandates all ADX department heads to implement it within their areas and requires its distribution to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on November 7, 2024.

Mr. Walter Jopp has resigned from his position as Chief Executive Officer of the Islamic Arab Insurance Company (SALAMA PSC) for personal reasons, with his last working day set for January 4, 2025. The Board of Directors expressed gratitude for his contributions and wished him well in his future endeavors. Mr. Jopp will continue to manage company operations and support a smooth transition. The Board plans to appoint a new CEO after obtaining necessary regulatory approvals from the UAE Central Bank, in line with Corporate Governance Regulations for Insurance Companies.

Emirates Central Cooling Systems Corporation (Empower) reported strong financial results for the third quarter of 2024, with total revenue reaching AED 2.451 billion, marking an 8.0% increase compared to the previous year. The company's EBITDA for the nine months ending September 30, 2024, was AED 1.124 billion, reflecting a 4.7% growth. Pre-tax net profit rose by 5.0% to AED 719 million. Empower attributed this exceptional growth to increased demand for its services in Dubai, driven by a booming real estate market and a rise in new development projects.