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Modon Holding P.S.C. announced the complete sell-out of phase one of its new freehold residential development, Maysan, on Reem Island, Abu Dhabi, on the same day of its launch. The first phase includes two districts, Mayar and Thoraya, featuring 132 stacked maisonettes and 185 townhouses. The project is open to buyers of all nationalities and spans over 600,000 square meters, designed with a boutique-style inside/outside living concept. The strong demand for these properties reflects investor confidence in Modon's quality projects. Maysan aims to create vibrant communities and address gaps in the property market, offering diverse lifestyle amenities, a community center, and access to beaches and parks. Once completed, Maysan will consist of six residential districts with homes ranging from three to five bedrooms. Mayar will introduce maisonettes to Abu Dhabi, and Thoraya will offer townhouses with communal gardens and recreational facilities. Interested investors can register for future phases through Modon's website or contact them directly.

Modon Holding PSC announced that its subsidiary, ADNEC Group, has acquired the Business Design Centre (BDC) in London through its 100% owned subsidiary, ExCel London. This acquisition is part of ExCel's investment in the UK's MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, securing a long-term commitment to a historic venue. BDC, originally the Royal Agricultural Hall, hosts numerous events and is known for its extensive event and conference space. The acquisition highlights Modon Holding and ADNEC Group's dedication to the global events industry, enhancing their presence and diversifying their portfolio. Since acquiring ExCel in 2008, ADNEC has expanded its operations and established ExCel as a major European conference and exhibition venue. The acquisition aligns with Modon Holding's strategy to create shareholder value and expand globally, while supporting Abu Dhabi's economic diversification.

ADNOC Drilling Company P.J.S.C. has released a review report and condensed consolidated financial information for the nine-month period ending on September 30, 2024.

ADNOC Drilling Company P.J.S.C. released its Management Discussion & Analysis Report for the third quarter of 2024 on October 30, 2024. The report provides an overview of the company's financial performance and operations during this period.

ADNOC Drilling announced record-breaking financial results for the third quarter of 2024, with revenue surpassing $1 billion, marking a 32% increase compared to the previous year. These exceptional results have exceeded market expectations and led to an update in the company's 2024 guidance. ADNOC Drilling is noted as the fastest-growing drilling company globally, planning to integrate over 20 operational rigs in 2024. The company's growth is supported by strategic, technology-focused acquisitions by Enersol, adding further value. ADNOC Drilling's CEO, Abdulrahman Abdulla Al Seiari, highlighted the company's commitment to strategic growth and operational excellence, which is enhancing earnings potential. The company's revenue growth is attributed to the expansion of its onshore and offshore fleets and the growth of its oilfield services segment, supported by contributions from the Turnwell and Enersol joint ventures.

Mohammed Abu Quora, the Chief Executive Officer of Takaful Emarat Insurance PSC, has resigned for personal reasons. His resignation was accepted on October 28, 2024, and will be effective from November 27, 2024.