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Emaar Development PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending June 30, 2024.

The Chief Executive Officer of the Abu Dhabi Securities Exchange (ADX), Abdulla Salem AlNuaimi, issued Resolution No. 471, which mandates the suspension of trading for The National Investor PRJSC shares starting from August 13, 2024, until further notice. This decision is in accordance with Articles 10/11 and 38 of the ADX Listing and Disclosure Rules. All ADX departments are instructed to implement this resolution, and it will be circulated to the respective company and brokers, becoming effective from the issuance date of August 12, 2024.

The Air Arabia Board of Directors held a meeting on Monday, August 12, 2024, at 3:00 PM. During this meeting, the board approved the financial statements for the second quarter of 2024. This information was disclosed earlier. Regards, Abdelrahman Bin Taliah Director of Corporate & Government Affairs

Air Arabia reported a net profit of AED 427 million for the second quarter of 2024, which is a 7% decrease from AED 459 million in the same period in 2023. The airline achieved a turnover of AED 1.65 billion, a 19% increase compared to the second quarter of the previous year. Over 4.5 million passengers traveled with Air Arabia between April and June 2024, a 19% increase from the 3.8 million passengers in the same quarter of the previous year. The average seat load factor rose by 3% to 79%. The airline added 16 new routes in the first half of 2024, with turnover surpassing AED 3.19 billion. Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, attributed the solid net profit to robust passenger demand and revenue growth.

Nasdaq Dubai has announced the listing of USD 500 million Sustainability Sukuk issued by Warba Bank, marking the first such issuance in Kuwait. This listing is part of Warba Bank's USD 2 billion trust certificate issuance program and aims to support sustainable projects in line with global sustainability goals. The exchange, a leading platform for fixed income and ESG-related listings, now holds a total value of USD 134 billion in listed fixed income securities, including USD 30 billion in ESG listings, with ESG Sukuk accounting for USD 18 billion. The issuance attracted strong investor interest, with orders reaching USD 1.8 billion, 3.6 times the issuance size. The listing was celebrated with a bell-ringing ceremony attended by Shaheen H. Al Ghanem, CEO of Warba Bank, and Hamed Ali, CEO of Nasdaq Dubai and DFM. Both executives highlighted the importance of sustainable finance and the role of Nasdaq Dubai in supporting such initiatives.

Resolution No. 470 of 2024 addresses the temporary suspension of trading for the shares of Abu Dhabi National Co. for Building Materials (BILDCO). This suspension is due to a Board of Directors meeting scheduled at 14:00 on August 14, 2024, which coincides with the trading session on the Abu Dhabi Securities Exchange (ADX). Trading will be halted from 14:00 on August 14, 2024, until ADX receives the meeting results. The resolution mandates that all relevant ADX department heads execute this decision within their respective fields and that the resolution 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 August 12, 2024.

The Dubai Financial Market (DFM) released a weekly summary for regulated short sell transactions for the period from August 5, 2024, to August 9, 2024. During this period, EMAAR Development PJSC had a short sell trade volume of 4,700 shares with a trade value of AED 37,121, while EMIRATES NBD PJSC had a short sell trade volume of 120 shares with a trade value of AED 2,370. For more information on regulated short selling, refer to the DFM Market Rules and Operational Model available on the DFM website. The announcement is also accessible on the DFM website. Note that the information provided is subject to change and DFM is not liable for any loss resulting from the use of this data.