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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.
The Board of Directors of Easy Lease Motorcycle Rental PSC will hold a meeting on Wednesday, October 23, 2024, at 3:30 PM via Microsoft Teams. The agenda includes approving the financial statements for the period ending September 30, 2024, and discussing other business matters. The notification is addressed to the Market Operations Surveillance Department at the Abu Dhabi Securities Exchange. The letter is signed by CEO Ahmad Mohammad Al Sadah.
A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. is scheduled for Wednesday, 23rd October 2024 at 9:00 a.m. The agenda includes approving the minutes of the previous meeting held on 19th September 2024, approving the financial statements for the third quarter of 2024, discussing normal business activities, and addressing any other business. The outcome of the meeting will be communicated immediately afterwards.
On October 16, 2024, TECOM Group announced the acquisition of the "Office Park" building in Dubai Internet City for AED 720 million. This follows a binding Memorandum of Understanding (MOU) signed between TECOM Investments FZ LLC, a subsidiary of TECOM Group, and Emirates REIT (CEIC) PLC, as disclosed on October 1, 2024. The acquisition was subject to approval by Emirates REIT's shareholders, which was granted unanimously during their Extraordinary General Assembly on October 15, 2024. Both parties will now proceed with the formalities to finalize the acquisition, with further details to be disclosed upon completion.