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Takaful Emarat Insurance PJSC is inviting its shareholders to participate in a rights issue to subscribe for up to 185,000,000 new shares. This decision, approved by the company's General Assembly and the Securities and Commodities Authority, will increase the company's capital from AED 25,652,000 to AED 210,652,000. The new shares, each with a nominal and issue price of AED 1, will be offered on a pro-rata basis to existing shareholders. The rights issue aims to support the company’s expansion plans, enhance its technological infrastructure, and optimize operational efficiencies. The subscription period for these new shares will run from November 14 to November 26, 2024, with trading of rights on the Dubai Financial Market from November 11 to November 22, 2024. Shareholders can trade their rights or subscribe for additional shares if available. The subscription process will be managed by First Abu Dhabi Bank, which will also handle any refunds for unallocated shares. The new shares will be listed on the Dubai Financial Market and will carry the same rights as existing shares, including dividend entitlements. Key dates include the eligibility date for rights on November 1, 2024, and the commencement of dealings in new shares on December 9, 2024. Shareholders are reminded that rights not sold or used by the end of the subscription period will lose their value.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the SCA, held a board of directors meeting on Friday, November 1, 2024, from 9:00 AM to 11:00 PM in Dubai, UAE. All five board members were present, achieving a 100% quorum. The meeting involved reviewing and approving the Q3 financial statements for 2024 and discussing regular operational matters and other business updates. The summary of the meeting was provided by Ma’an Albostami, the Board Secretary.

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on Wednesday, November 06, 2024, at 3:00 pm at the company's headquarters. The agenda includes discussions and approvals of the financial statements for the third quarter of the fiscal year 2024, as well as other operational and internal matters. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is also copied to the Securities and Commodities Authority. The letter is signed by Vicken Khochafian, Board Secretary and Governance Director.

Resolution No. 495 of 2024 announces the temporary suspension of trading for Abu Dhabi Aviation Co. shares on the Abu Dhabi Securities Exchange (ADX). This suspension will occur from 13:00 on November 7, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until ADX receives the meeting results. The resolution mandates that all ADX department heads implement this decision in their respective areas. Additionally, the resolution will be circulated 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 November 1, 2024.

Resolution No. (494) of 2024 mandates the temporary suspension of trading in RAK Properties shares on the Abu Dhabi Securities Exchange (ADX) from 13:00 on November 6, 2024, until the results of a Board of Directors meeting are received. This decision is in accordance with Article No. (16) of the regulations concerning securities listing on ADX. All relevant ADX departments and brokers are instructed to implement this resolution, which has been approved by the authorized person and will be circulated to the Securities and Commodities Authority (SCA), the concerned company, and all relevant parties. The resolution was issued on November 1, 2024.

TECOM Group reported a 23% year-on-year increase in net profit for the first nine months of 2024, reaching AED 943 million, driven by record revenues of AED 1.7 billion, a 10% increase from the previous year. The company's EBITDA rose by 13% to AED 1.4 billion due to increased revenues and operational efficiencies. Funds from operations increased by 20% to over AED 1.2 billion, while total investments in commercial and industrial assets surpassed AED 2.7 billion. In the third quarter, TECOM achieved a 12% rise in revenue to AED 611 million and a 20% increase in net profit to AED 340 million.