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Abu Dhabi Ship Building Company PJSC (ADSB) has appointed Q Market Maker (QMM) as its liquidity provider to enhance the liquidity and market efficiency of its shares on the Abu Dhabi Securities Exchange (ADX). Starting from September 12, 2024, QMM will provide liquidity by submitting two-way quotes in accordance with UAE regulations. This move aims to create a more liquid and transparent market for ADSB's shareholders and investors. Both David Massey, CEO of ADSB, and Magdi Shannon, CEO of QMM, expressed optimism about the collaboration, highlighting its benefits for market liquidity and the growth of the UAE's maritime sector.
Mashreqbank PSC, headquartered in Dubai, UAE, held a Board of Directors meeting on September 11, 2024, at 9:00 AM. The meeting reviewed and approved the minutes from the previous meeting held on July 25, 2024, and discussed various topics related to the bank's business and activities. The communication is addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, and is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy of the communication was also sent to the Securities & Commodities Authority.
The Dubai Financial Market announced the introduction of a new series of equity futures contracts, effective from September 12, 2024. The series includes contracts for various companies with listing dates on September 12, 2024, and de-listing dates on December 19, 2024. The announcement is available on the Dubai Financial Market website. The information is subject to change and is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Americana Restaurants International PLC, located in Abu Dhabi, UAE, has announced a Board of Directors meeting scheduled for 12:30 pm on Monday, September 16, 2024. The agenda includes a performance update for the year-to-date period ending August 2024 and other business updates. In accordance with disclosure and transparency regulations, the decisions made during the meeting will be disclosed immediately afterward. The notification was signed by Saqib Muhammad Sabir Awan, Secretary of the Board, with a copy sent to the Securities and Commodities Authority.
GFH Financial Group has announced its Ordinary General Meeting to be held on October 2, 2024, with alternative dates set for October 9 and October 16 if the legal quorum is not met. The meeting will be conducted via video conferencing. The agenda includes: 1. Approval of the minutes from the previous meeting held on March 24, 2024. 2. Approval of the Board's recommendation to establish a Sukuk Programme worth up to $500 million and issue Sukuk through a Special Purpose Vehicle (SPV), pending necessary approvals. 3. Approval of modifications and an offer related to the 2020 Sukuk issuance, including early redemption for cash. 4. Delegation of powers to the Board of Directors to manage the Sukuk Programme and the Offer, including obtaining regulatory approvals, pricing, agreements, and arbitration. 5. Delegation of powers to the Chief Executive Officer to conduct necessary procedures for the Sukuk Programme and issuances. 6. Discussion of any other matters in accordance with Article 207 of the Commercial Companies Law. The meeting invitation was issued by Abdulmohsen Rashed Alrashed, Chairman of the Board of Directors.
On September 11, 2024, a discussion session was held at 12:00 PM to present the unaudited financial results for the period ending June 30, 2024. The session was recorded and is available on the company's website at the provided link. For further information, contact Dr. Said bin Hilal Al-Kharousi, Manager of Administration & Investor Relations, via email at saeedk@omanemirates.com or by phone at 0096824036800. Regards, Raffy Kozadjian Acting Chief Executive Officer