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The text is a formal notification regarding a scheduled Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is set to take place on Monday, October 28, 2024, at 10:00 AM. The agenda includes regular company matters and any other business deemed necessary. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, both in the United Arab Emirates. The message concludes with a courteous closing from Nader Muqbel, the Investor Relations Director at Gulf Navigation Holding PJSC.
Mones El Madani, an independent and non-executive board member of Takaful Emarat Insurance PSC, has resigned from the company's Board of Directors for personal reasons. The resignation was accepted on October 22, 2024, and became effective on the same date. The announcement was authorized by Mohammed Abu Quora, the Chief Executive Officer, and was documented on October 23, 2024.
On 23 October 2024, Amlak Finance P.J.S.C held a board meeting from 3:00 PM to 5:00 PM. All seven board members were present, achieving a quorum of 100%. The board discussed normal business-related matters. The authorized signatory for the meeting was Lama Takieddin, who is the Head of Corporate Governance and Company Secretary.
Nasdaq Dubai has listed a USD 500 million Sukuk issued by Dubai Islamic Bank (DIB), marking the lowest yield of 5.25% for an emerging markets bank since April 2022. This additional Tier 1 Sukuk is dual listed on Nasdaq Dubai and Euronext Dublin and saw strong investor demand, reflecting confidence in DIB and the UAE's financial market. DIB, a frequent issuer, now has over USD 9 billion through 11 outstanding Sukuk listings on the exchange. The listing enhances Nasdaq Dubai's position as a global hub for Sukuk, with total outstanding Sukuk reaching USD 93 billion across 102 listings. The issuance attracted a diverse range of investors from Europe, Asia, and the Middle East. The listing was commemorated by a market-opening ceremony attended by Saeed Wajdi, Chief of Treasury at DIB, and Hamed Ali, CEO of Nasdaq Dubai and DFM. Dr. Adnan Chilwan, CEO of DIB, emphasized that the listing not only reaffirms market confidence in DIB but also endorses the UAE's economic resilience and ambitions.
The Management Discussion and Analysis Report for the third quarter of 2024, dated October 23, 2024, provides an overview of the company's financial performance and strategic developments during this period.