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The Abu Dhabi Securities Exchange has been informed that the Board of Directors of Borouge PLC will hold a meeting via video conference at 3 p.m. on Monday, 28 October 2024. The agenda includes discussing and approving the company's financial statements for the third quarter of the financial year 2024, as well as addressing other general matters related to the company's activities and projects. The notification was issued by Hazeem Sultan Al Suwaidi, the Chief Executive Officer, with a copy sent to the Securities and Commodities Authority.
On October 23, 2024, the Board of Directors of Abu Dhabi Commercial Bank (ADCB) held a meeting at 10:00 am. During the meeting, the board approved the bank's financial results as of September 30, 2024, and discussed various other general matters, approving them as appropriate. The correspondence was addressed to the Disclosures and Compliance Section of the Abu Dhabi Securities Exchange and was signed by Rami Raslan, the Group Company Secretary of ADCB. A copy of the communication was also sent to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority.
Abu Dhabi Commercial Bank PJSC released its earnings report and management discussion for the third quarter of 2024 on October 23, 2024. The report is available on their investor relations website.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has scheduled a Board of Directors meeting on Monday, October 28, 2024, at 3:00 PM. The agenda includes approving two convertible bond issuances, subject to regulatory approvals, considering calling a general assembly meeting for shareholders to approve the bond issuance, and discussing company-related matters. The meeting will take place at their headquarters in Dubai, UAE.
Resolution No. (486) of 2024 temporarily suspends trading of Abu Dhabi Islamic Bank (ADIB) shares on the Abu Dhabi Securities Exchange (ADX). The suspension will begin at 12:00 on October 30, 2024, coinciding with the ADIB Board of Directors meeting, and will last until ADX receives the meeting results. All relevant departments at ADX are instructed to implement this resolution, and it will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on October 22, 2024.
Resolution No. (485) of 2024 announces the temporary suspension of trading in the shares of RAK Co. for White Cement & Construction Materials on the Abu Dhabi Securities Exchange (ADX). This suspension will occur due to a Board of Directors meeting scheduled for 10:00 on October 25, 2024, which coincides with the trading session. Trading in these shares will be halted from 09:00 on that day until ADX receives the meeting results. The resolution mandates all ADX department heads to implement this decision and requires its circulation to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on October 22, 2024.