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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Invitation of Ordinary General Meeting

GFH Financial Group has scheduled an Ordinary General Meeting for October 2, 2024, via video conferencing. If the required legal quorum is not met, subsequent meetings are planned for October 9 and October 16, 2024. 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 through a Special Purpose Vehicle (SPV), subject to necessary regulatory approvals. 3. Approval of modifications and an offer to early redeem outstanding certificates from the 2020 Sukuk issuance. 4. Delegation of powers to the Board of Directors to carry out the Sukuk Programme and Offer, including obtaining necessary regulatory approvals and concluding agreements. 5. Delegation of powers to the Chief Executive Officer to conduct necessary procedures for the Sukuk Programme and Offer. 6. Discussion of any other matters as per Article 207 of the Commercial Companies Law. The meeting details and contact information are provided for further inquiries.

1. Disclosure: Invitation of Ordinary General Meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Response Plus Holding PrJSC
Disclosures: Response Plus Holding PrJSC AGM Results held on 10/09/2024 at 15:00

1. Disclosures: Response Plus Holding PrJSC AGM Results held on 10/09/2024 at 15:00

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From International Financial Advisors K.S.C.C.
Disclosure: Disclosure of material information

1. Disclosure: Disclosure of material information

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From International Financial Advisors K.S.C.C.
Disclosure: Disclosure of material information

1. Disclosure: Disclosure of material information

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From International Financial Advisors K.S.C.C.
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) has successfully concluded its summer campaign, "Set and Save at 24°C," aimed at optimizing district cooling consumption and reducing customer bills. The campaign encouraged customers to set their air conditioning to 24°C to conserve energy and lower costs. Empower's CEO, HE Ahmad Bin Shafar, expressed gratitude to customers for their cooperation, emphasizing the importance of reducing energy consumption for environmental sustainability and aligning with Dubai's "Green Economy for Sustainable Development" initiative. The campaign, now in its ninth year, provided over 138,000 customers with tips to reduce energy waste and lower utility bills, contributing to a greener economy and supporting Dubai's goal of becoming the world's lowest carbon city by 2050.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on TABREED shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Press release - Nasdaq Dubai Welcomes USD 400 Million Green Bond from Bank of China

Nasdaq Dubai has welcomed a USD 400 million Green Bond issuance from the Bank of China (Dubai Branch), one of China's major state-owned banks. The issuance, rated "A" by S&P Global Ratings and due in 2027, is part of the Bank of China’s USD 40 billion Medium Term Note Programme. The proceeds will be used to finance or refinance eligible green projects. This listing increases the total value of bonds listed on Nasdaq Dubai by the Bank of China to USD 1.47 billion and boosts Nasdaq Dubai's ESG-related issuances to USD 30 billion, with the total value of listed bonds reaching USD 41 billion. The Consul General of China in Dubai highlighted the strong financial cooperation between China and the UAE, emphasizing the bond's role in supporting sustainable development and the COP28 "UAE Consensus." The General Manager of Bank of China (Dubai Branch) stated that the proceeds will fund renewable energy and clean transportation projects in the UAE, reinforcing the bank’s commitment to green finance. Nasdaq Dubai's CEO welcomed the listing, underscoring Dubai's status as a key hub for international issuers.

1. DFM News: Press release - Nasdaq Dubai Welcomes USD 400 Million Green Bond from Bank of China

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi National Oil Company For Distribution
Disclosures: ADNOC Distribution Notification of a Related Party Transaction

ADNOC Distribution has announced a related party transaction with Abu Dhabi National Oil Company (ADNOC). They have entered into a Master Services Agreement (MSA) for a term of 10 years. Under this agreement, ADNOC will provide outsourced services to ADNOC Distribution in areas such as Procurement, IT, Finance, Human Capital, and General Services. The goal of this agreement is to enhance operational and cost efficiencies.

1. Disclosures: ADNOC Distribution Notification of a Related Party Transaction

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From GFH Financial Group B.S.C
Disclosures: GFH Financial Group B.S.C - Ordinary General Meeting

The Ordinary General Meeting of GFH Financial Group is scheduled for October 2, 2024, with provisions for subsequent meetings on October 9 and October 16, 2024, if quorum requirements are not met. The agenda includes: 1. Approval of the minutes from the previous meeting held on March 24, 2024. 2. Approval of the Board of Directors' recommendation to establish a Sukuk Programme worth up to $500 million. 3. Approval of modifications and an offer related to the 2020 Sukuk issuance, including early redemption for cash of outstanding certificates. 4. Delegation of powers to the Board of Directors to carry out the Sukuk Programme and the Offer. 5. Delegation of powers to the Chief Executive Officer to execute necessary procedures for the Sukuk Programme and the Offer. 6. Discussion of any other matters as per Article 207 of the Commercial Companies Law. The meeting will be held via video conferencing, and shareholders are invited to attend.

1. Disclosures: GFH Financial Group B.S.C - Ordinary General Meeting

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