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National International Holding Company (NIH) has received approval from the Capital Markets Authority (CMA) to buy or sell up to 10% of its treasury shares. This approval is valid for six months starting from August 27, 2024, and is subject to the availability of financial resources, in accordance with Law no. 7 of 2010 and its subsequent amendments. The company states that this action will have no impact on its financial position. The letter was signed by Mamdouh A. EL Sherbiny, CEO and Board Member of NIH.
Empower, the world's largest district cooling services provider, celebrates Emirati Women's Day under the theme 'We Collaborate for Tomorrow,' aligning with the UAE President's 'Year of Sustainability' initiative for 2024. CEO Ahmad Bin Shafar emphasized the crucial role of Emirati women in sustainable development and climate change efforts, noting their leadership in sustainability initiatives within the organization. Emirati women hold senior positions and make up over 62% of the female workforce at Empower. Bin Shafar praised their significant contributions to the nation's development and highlighted the UAE's commitment to gender equality and women's empowerment. He acknowledged the leadership's support in providing opportunities and fostering gender balance in the workplace.
The National Investor PrJSC has announced a delay in its planned capital decrease and the return of the reduced capital amount, initially set for August 26, 2024. The delay is due to the need for approval from the Ministry of Economy, which has not yet been obtained. The company is actively working to secure this approval and assures that the delay is temporary. The capital decrease and distribution will proceed once the necessary approval is granted. The company is committed to transparency and will provide further updates as soon as more information is available.
RAK Properties and Anantara Mina Al Arab Ras Al Khaimah Resort celebrated Emirati Women’s Day on August 24, 2024, with an event honoring the achievements and dedication of Emirati women in various sectors such as entrepreneurship, engineering, and aviation. The event featured panel discussions where influential Emirati women shared their stories and insights on balancing professional ambitions with cultural values and the evolving role of women in fields like real estate, arts, and sports. Notable speakers included Moza Mohammed Majid Salem Al Zaabi, Mona Sulaiman Tajarbi, Shaima Ahli, and Alya Bin Meshar Almheiri. Both RAK Properties' CEO, Sameh Muhtadi, and Anantara Mina Al Arab Ras Al Khaimah Resort's General Manager, Ramsey Saarany, emphasized their commitment to empowering Emirati women and fostering an environment of diversity and inclusion. The event is part of RAK Properties' ongoing efforts to support and celebrate women's empowerment in the workplace and community.