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On 7 August 2024, the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange received a notice from the Abu Dhabi Ports Company PJSC. The notice informed that the Board of Directors would hold a meeting via video conference at 5:00 p.m. on Monday, 12 August 2024. The agenda for the meeting includes discussing and approving the company's financial statements for the second quarter of the financial year 2024 and addressing general matters related to the company's activities and projects. The notice was signed by Emil Pellicer, the General Counsel, and a copy was sent to the Securities and Commodities Authority.
On August 7, 2024, the Board of Directors of Abu Dhabi National Takaful Company held a meeting from 11:00 AM to 12:30 PM with 8 members present, achieving an 88% quorum. The board approved the minutes of the previous meeting, discussed and approved the financial statements for the period ending June 30, 2024, and addressed general operational issues. The meeting was authorized by Osama Abdeen, the Chief Executive Officer.
The Board of Directors of E7 Group PJSC will hold a meeting on Monday, 12 August 2024, at 3:00 p.m. in Abu Dhabi. The agenda includes reviewing the company's financial statements for the second quarter ending 30 June 2024 and discussing other general business matters. The notification is issued by Clinton Genty-Nott, the Board Secretary, and a copy has been sent to the Securities and Commodities Authority.
Sawaeed Holding PJSC has acquired United International Group (UIG) and Progressive Real Estate Development from Emirates Stallions Group (ESG). This acquisition enhances Sawaeed's presence in the UAE's manpower and workers accommodation sectors, particularly in oil and gas, construction, and various industrial fields. The strategic move consolidates ESG's manpower services and workers accommodation businesses under Sawaeed, positioning it as the flagship platform in these sectors. This integration doubles Sawaeed's manpower resources and expands its capabilities to support the UAE's economic growth.
GFH Financial Group B.S.C. disclosed its market-making activities for July 2024, in compliance with the Central Bank of Bahrain's requirements for monthly reporting. The report details transactions conducted by GFH’s market maker, SICO, on the Bahrain Bourse, and liquidity provider, BHM Capital, on the Dubai Financial Market and Abu Dhabi Securities Exchange. In July 2024, SICO purchased a total of 1,198,959 securities and sold 198,109 securities on the Bahrain Bourse. The total money paid amounted to USD 389,680, while the total money received was USD 64,769. The securities balance stood at 1,000,850, and the cash balance was USD 5,521,961.