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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 Al Dar Properties
Disclosures: Aldar Properties PJSC: HIS HIGHNESS SHEIKH KHALED BIN MOHAMED BIN ZAYED AL NAHYAN INAUGURATES ALDAR AND MUBADALA PARTNERSHIP TO DEVELOP AND MANAGE PRIME ABU DHABI REAL ESTATE ASSETS VALUED AT OVER AED 30 BILLION

Aldar Properties and Mubadala Investment Company have formed a strategic partnership to develop and manage real estate assets in Abu Dhabi valued at over AED 30 billion. This collaboration aims to enhance Abu Dhabi's status as a global business and lifestyle destination. The partnership, inaugurated by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, leverages Mubadala’s land bank and institutional strength alongside Aldar’s development and asset management expertise. The joint ventures will include a retail platform featuring Yas Mall and The Galleria Luxury Collection, income-generating assets in Masdar City and Al Falah, and new luxury residential communities on islands near Saadiyat and Yas Islands. The ventures are expected to be finalized in the coming months, subject to due diligence.

1. Disclosures: Aldar Properties PJSC: HIS HIGHNESS SHEIKH KHALED BIN MOHAMED BIN ZAYED AL NAHYAN INAUGURATES ALDAR AND MUBADALA PARTNERSHIP TO DEVELOP AND MANAGE PRIME ABU DHABI REAL ESTATE ASSETS VALUED AT OVER AED 30 BILLION

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From First Abu Dhabi Bank
Disclosures: Completion of Co-Investment with Brookfield in the Acquisition of Network International Holdings Plc

On 17 September 2024, First Abu Dhabi Bank (FAB) completed a co-investment with Brookfield Asset Management and other investors to acquire 100% of Network International Holdings Plc. This acquisition was conducted through BCP VI Neptune Bidco Holdings Limited, reinforcing FAB's leading position in the payments and financial services sectors in the Middle East and Africa. Following regulatory approvals, FAB and Brookfield will contribute their interests in Magnati Sole Proprietorship LLC in exchange for additional interests in Network Project Holdings 1 Limited, which will hold the combined businesses of Network and Magnati. This combination is expected to generate significant value, driving innovation and growth in the payments industry. For media inquiries, contact FAB Communications at prandmedia@bankfab.com and fabteam@webershandwick.com. For investor-related inquiries, contact FAB Investor Relations at IR@bankfab.com.

1. Disclosures: Completion of Co-Investment with Brookfield in the Acquisition of Network International Holdings Plc

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Press release

GFH Financial Group B.S.C. announced that Capital Intelligence Ratings has reaffirmed their Long-Term and Short-Term Foreign Currency Ratings at "BB-" and "B" respectively, with a stable long-term outlook. The ratings are supported by GFH's adequate liquidity, low refinancing risk, good debt service record, geographic diversification of assets, improved capitalization, and satisfactory profitability. The company stated that there is no expected financial impact from this credit rating classification on its business or financial position.

1. Disclosure: Press release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From GFH Financial Group B.S.C
ADX Disclosures: Temporary suspension of trading on the shares of GFH Financial Group B.S.C. on 02 Oct 2024

Resolution No. (481) of 2024 announces the temporary suspension of trading for GFH Financial Group B.S.C shares on the Abu Dhabi Securities Exchange (ADX). This suspension will start at 12:00 on October 2, 2024, coinciding with the company's Annual General Meeting (AGM), and will continue until ADX receives the AGM results. The resolution mandates that all ADX department heads implement this decision within their respective areas and that the resolution be communicated 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 September 17, 2024.

1. ADX Disclosures: Temporary suspension of trading on the shares of GFH Financial Group B.S.C. on 02 Oct 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Alliance Insurance
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Al Ansari Financial Services PJSC
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Mashreqbank PSc
Disclosure: BOD meeting

Mashreqbank PSC, headquartered in Dubai, UAE, has announced a Board of Directors meeting scheduled for Friday, 20th September 2024, at 10:00 am. The agenda includes reviewing the previous meeting's minutes from 11th September 2024, discussing normal business activities, and addressing any other business matters. The notice was issued by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy was sent to the Securities & Commodities Authority.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, successfully concluded the summer season of 2024 without any service interruptions. Despite high temperatures, Empower maintained high operational efficiency and reliability. The company implemented a proactive action plan, including extensive maintenance and infrastructure upgrades, to ensure uninterrupted service. Empower's CEO, HE Ahmad Bin Shafar, highlighted the company's commitment to reliability and sustainability. Empower also ran a summer campaign, 'Set and Save at 24°C,' to help customers optimize energy consumption. The company continues to focus on providing high-quality district cooling solutions and enhancing customer trust.

1. Disclosure: Press release

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 ALLIANCE shares starting from 11:00 AM as its BOD meeting is being held today, 17-09-2024 and until results are disclosed
Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Investcorp Capital PLC
Disclosures: Investcorp Capital PLC Invitation to Attend AGM held on 09/10/2024 at 16:00

The Annual General Meeting (AGM) of Investcorp Capital PLC will be held on Wednesday, October 9, 2024, at 16:00 UAE Time. The meeting will take place both in person at the Rosewood Hotel in Abu Dhabi and virtually via a specified online platform. Shareholders will consider and vote on nine resolutions, which include adopting the Directors’ report, consolidated financial statements, and Auditors’ report for the fiscal year ended June 30, 2024. Other resolutions involve ratifying dividend payments, approving Board remuneration, discharging the Board and Auditors from liability, appointing external Auditors for the next fiscal year, and amending the Company’s Remuneration Policy. Voting will be conducted by poll in accordance with the Company’s Articles of Association. Further details on attendance, voting, and legal quorum are provided in the attached Notes.

1. Disclosures: Investcorp Capital PLC Invitation to Attend AGM held on 09/10/2024 at 16:00

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