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The Board of Directors of EMSTEEL Building Materials Company PJSC issued a resolution by circulation on September 17, 2024. This decision was made in accordance with relevant federal and company laws and regulations. The Directors unanimously agreed that the matter was urgent, necessitating a resolution without a physical meeting. The resolution calls for inviting the Company’s General Assembly to convene on October 22, 2024, to elect new Board members. The Directors have signed this resolution as documented.
On 17 September 2024, the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange issued a notification regarding a circular resolution to be distributed to the Board of Directors of ADNOC Distribution PJSC. The resolution, scheduled for 20 September 2024 at 3:00 p.m., aims to consider and approve the payment of an interim dividend for the first six months of 2024. The notification was signed by Ben Hennessy, Board Secretary, and a copy was sent to the Securities and Commodities Authority.
The Fujairah Cement Industries PJSC held its second General Assembly Meeting on December 9, 2024, at 11:00 AM at their factory in Dibba, Fujairah. The meeting was chaired by Sheikh Mohamed Bin Hamad Bin Saif Al Sharqi and attended by several board members and representatives both in person and electronically. The quorum was met with 188,247,330 shares, representing 52.90% of the total shares. The assembly approved the appointment of Lumi Global as the coordinator and vote counter, and Mr. Ashraf Eisa Yed as the meeting reporter. The chairman welcomed the attendees and reviewed the meeting agenda.
On 16 September 2024, Phoenix Group PLC announced that BHM Capital has issued an Analyst Coverage Report on their shares, trading under the code PHX. The report, which includes recommendations, estimates, forecasts, and opinions from third-party analysts, is intended for informational purposes only and reflects the views of the analysts. These recommendations do not imply endorsement or financial advice from Phoenix Group PLC and are subject to change. The announcement was authorized by Seyedmohammad Alizadehfard, Group CEO of Phoenix Group PLC.
Palms Sports has renewed a significant government contract worth AED 240 million for an additional two years, extending until June 2026. The company, a subsidiary of International Holding Company, will continue to provide 350 specialized Jiu-Jitsu and tactical defense specialists to enhance the readiness of program participants. The partnership, which began in 2015, has become a global benchmark for training programs. CEO Fouad Darwish expressed pride in the renewal, highlighting the quality and impact of their services. Palms Sports is also exploring opportunities for investment, diversification, and expansion into new markets, aiming to leverage its expertise in the broader sports and wellness industry.