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The text is a formal communication regarding the resignation of Mr. Saif Al Rashdi from his position as a Board Member of Gulf Navigation Holding PJSC. His resignation is effective from Friday, October 25, 2024. The Board will consider approving his resignation and appointing a new Board member at the next meeting scheduled for Monday, October 28, 2024. The letter is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.

Union Properties PJSC reported strong financial performance in the third quarter of 2024, achieving a profit of AED 53 million. The company reduced its legacy bank debts by 56.5% to AED 682 million. Over the first nine months of 2024, revenue from contractual agreements rose by 7% to AED 389 million compared to the same period in 2023. The company's subsidiaries contributed significantly to this growth, with a 47% increase in accumulated gross profit, reaching AED 53 million. Union Properties also decreased its financial costs from AED 85 million in 2023 to AED 22 million in 2024 through debt restructuring and repayment. By the end of the first nine months, the company's current assets exceeded current liabilities by AED 326.2 million, indicating strong liquidity and financial health.

Tabreed, a leading district cooling company, won two major awards at the 2024 Asian Power Awards in Singapore for its innovative projects in renewable geothermal energy and efficiency advancements. The company received the 'Geothermal Power Project of the Year – Gold' and 'District Cooling Initiative of the Year – UAE' awards. The awards recognize groundbreaking projects by power and energy companies addressing climate change and energy demand. Tabreed's 'G2COOL' Geothermal Project in Masdar City, Abu Dhabi, developed with ADNOC, uses geothermal energy for cooling, marking a first in the Gulf region and supporting the UAE's National Energy Strategy 2050. The project achieves higher electrical efficiency and reduces emissions. The District Cooling Initiative award acknowledges a pilot study with HT Materials Science in Abu Dhabi, using 'Maxwell' nanofluid technology to enhance heat transfer, improving cooling system efficiency by about 15%.

The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from October 21 to October 25, 2024. During this period, Parkin Company P.J.S.C. had a short sell trade volume of 5,000 with a trade value of AED 21,000. For more details on regulated short selling, refer to the DFM Market Rules and Operational Model available on their website. The information provided is subject to change, and DFM is not liable for any losses resulting from the use of this data.

The Dubai Financial Market announced the expiry settlement price for the Micro GME Oman Crude Oil Futures contracts expiring in October 2024. The settlement price is 75.38 USD for the contract series code OMOIL Z24, with the contract ID OIL241024001. This information is available on the Dubai Financial Market's website. The document includes a disclaimer stating that the information is subject to change and emphasizes that the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistency.