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A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. is scheduled for Wednesday, 23rd October 2024 at 9:00 a.m. The agenda includes approving the minutes of the previous meeting held on 19th September 2024, approving the financial statements for the third quarter of 2024, discussing normal business activities, and addressing any other business. The outcome of the meeting will be communicated immediately afterwards.
On October 16, 2024, TECOM Group announced the acquisition of the "Office Park" building in Dubai Internet City for AED 720 million. This follows a binding Memorandum of Understanding (MOU) signed between TECOM Investments FZ LLC, a subsidiary of TECOM Group, and Emirates REIT (CEIC) PLC, as disclosed on October 1, 2024. The acquisition was subject to approval by Emirates REIT's shareholders, which was granted unanimously during their Extraordinary General Assembly on October 15, 2024. Both parties will now proceed with the formalities to finalize the acquisition, with further details to be disclosed upon completion.
The Board of Directors of Response Plus Holding PJSC, a leading pre-hospital care and emergency medical services provider in the UAE and KSA, has appointed Omran Al Khoori as Chairman and Dr. Mohamed Monir Mohamed Yaqoub Hayat Khan as Vice-Chairman. These appointments were made following elections held at the company's headquarters in Abu Dhabi. The Board, recently reconstituted for a three-year term, includes members such as Dr. Shamsheer Vayalil, Kashif Shamsi Ashraf Azharuddin Shamsi, and Hari Mohan Haritas. Al Khoori, who has been with the company since its listing on the Abu Dhabi Securities Exchange in 2021, expressed his commitment to continuing the company's growth and leadership in emergency pre-hospital care. He holds various other board positions and has a background in Business Administration from Suffolk University, Boston.
The Board of Directors of Multiply Group PJSC plans to pass a written resolution by circulation on Monday, 21 October 2024, at 3:30 PM. The agenda includes considering and approving the invitation for a general assembly meeting, subject to obtaining necessary regulatory approvals, to elect new members to the Board of Directors. The notification is addressed to the Securities and Commodities Authority and the Abu Dhabi Securities Exchange, specifically to the Disclosures and Compliance Section and the Market Operations Surveillance Department.
Presight, a leading big data analytics company in the region, has launched the Presight Datahub, a secure and collaborative data marketplace platform, at GITEX Global 2024. This platform is the first of its kind in the UAE and enables organizations in both the public and private sectors to create data products, derive value, and exchange data seamlessly. The cloud-native platform will be deployed on Microsoft Azure in the UAE, ensuring data sovereignty and security, while offering flexibility and customization to meet diverse organizational needs.