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Emirates Steel Arkan has appointed Mark J.S. Tonkens as the new Group Chief Financial Officer (GCFO), effective September 2, 2024. Mark Tonkens previously served as CFO at BME - Building Materials Europe and has held senior financial positions at Borealis and Philips. He will replace Stephen J. Pope, who will transition to a strategic advisory role within the Group CEO Office after 17 years with the company. The company highlights Stephen's significant contributions, including guiding the Group through a merger and public listing. CEO Eng. Saeed Ghumran Al Remeithi expressed gratitude for Stephen's leadership and looks forward to Mark's expertise driving future financial strategies. Emirates Steel Arkan aims to continue its growth and enhance shareholder value under Tonkens' leadership. The company is a major UAE steel and building materials manufacturer, supplying local and international markets and supporting the UAE's industrial strategy.

The document is a formal notification from Emsteel Building Materials PJSC, addressed to the Disclosure & Compliance Section of the Abu Dhabi Securities Exchange. It announces the appointment of Mr. Mark J.S. Tonkens as the new Group Chief Financial Officer (GCFO) of the company, effective from 02 September 2024. The notification is signed by Eng. Saeed Ghumran Al Remeithi, the Group Chief Executive Officer of Emsteel Building Materials PJSC. A copy of the notification has also been sent to the Securities and Commodities Authority (SCA).

The National Investor PrJSC has agreed to sell six office units on the 24th floor of Sky Tower, Reem Island, Abu Dhabi. The property, valued at AED 28.7 million (10.1% of the company's share capital), will be sold for AED 24 million. The sale aims to monetize the investment and return the capital to shareholders. The buyer is Mazrui Real Estate LLC, a related party, and the payment was made via a certified banker check. The agreement was signed on 1 August 2024, with execution on 29 August 2024, and an expected closing date of 2 September 2024.

The Seventh Board Meeting of the year 2024 for Abu Dhabi National Company for Building Materials (BILDCO) will be held on Wednesday, September 4, 2024, at 14:00. The agenda includes approving the minutes of the sixth Board meeting of 2024, following up on developments in implementing the company’s business plan, and discussing any other matters.

شعاع كابيتال ش.م.ع، شركة استثمار مالية مرخصة وخاضعة لرقابة هيئة الأوراق المالية والسلع، تلقت إخطارًا من محكمة دبي الابتدائية العمالية بشأن دعوى قضائية من عضو مجلس إدارة سابق للمطالبة بمستحقات عمالية تقدر بنحو 22 مليون درهم. الشركة تعتقد أن الدعوى لا أساس لها من الصحة بناءً على التقييم المبدئي وتعتزم الطعن عليها. كما أوضحت الشركة أن المساهمين صوتوا بعدم إبراء ذمة عضو مجلس الإدارة السابق عن السنة المالية المنتهية في 31/12/2023، وهي في المراحل النهائية لبدء إجراءات التقاضي ضده. شعاع كابيتال ستقوم بإحاطة السوق والمساهمين بالتطورات الجوهرية في هذا الشأن.

Takaful Emarat Insurance PSC has scheduled a board meeting on Wednesday, 04 September 2024, at 3:00 PM via MS Teams. The agenda includes the approval of a new Board member, the appointment of the Board Chairperson, and discussion of business updates and other matters. The notice is signed by Mohammed Abu Quora, Chief Executive Officer, on 30 August 2024.

A notification was issued on August 30, 2024, to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, informing him about an upcoming Board of Directors meeting for the Dubai Taxi Company P.J.S.C. The meeting is scheduled for Wednesday, September 4, 2024, at 3:00 pm at the company's headquarters. The purpose of the meeting is to discuss and make decisions on internal matters related to the company's business. The notification was signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.

The Dubai Financial Market (DFM) released a weekly summary for Regulated Short Sell (RSS) transactions for the period from August 26, 2024, to August 30, 2024. During this period, Salik Company PJSC had a short sell trade volume of 7,500 and a trade value of AED 27,435. For more details on RSS, refer to the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. The announcement can also be found on the DFM website. The information provided is subject to change and DFM is not liable for any losses resulting from the use of this data.