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Al Firdous Company (PJSC) is inviting its shareholders to attend the Annual General Assembly Meeting on Wednesday, July 24, 2024, at 12:00 noon. The meeting will be held at Boulevard Plaza 2, opposite Burj Khalifa, Dubai, or via online attendance through a link sent to registered shareholders. The agenda includes reviewing and approving reports on the company's activities, financial position, external auditor's report, budget, profit and loss statement, and corporate governance for the financial year ending March 31, 2024. Other points include discharging liabilities of board members and auditors, authorizing board representatives for meetings, discussing profit distribution, board allowances, and reappointing external auditors for the next financial year. Shareholders registered by July 23, 2024, are eligible to vote, and remote voting provisions are outlined. The meeting requires at least 50% shareholder attendance or representation by proxy to be valid. If the quorum is not met, a second meeting will be held on July 29, 2024. Financial statements are available on the Dubai Financial Market website and at the meeting venue.
Emirates Telecommunications Group Company PJSC (e&) announced that its wholly-owned subsidiary, e& enterprise, has signed a binding agreement to acquire 100% of GlassHouse, a cloud services provider based in Türkiye, for an enterprise value of $60 million. GlassHouse, founded in 2004, is a leader in data backup, business continuity, managed cloud, and SAP infrastructure services, serving 2,000 enterprises across various sectors with a team of over 150 employees. This acquisition aligns with e&’s strategic goals to expand its digital capabilities and global footprint, particularly in the Turkish IT services and cloud market. The transaction, financed through debt and not involving related parties, is expected to be EPS accretive and will have an insignificant impact on e&’s overall financials. Completion of the transaction is subject to customary conditions, and further updates will be provided as necessary.
HAYAH Insurance Company P.J.S.C., located at Floor 16, Sheikh Sultan Bin Hamdan Building, Corniche Road, P.O. Box 63323, Abu Dhabi, UAE, is a Public Joint Stock Company with a paid-up capital of AED 200 million. It is registered with the Central Bank of the UAE under registration no. 83 dated 16/09/2008. A meeting is scheduled for Friday, June 28, 2024, at 10:00 AM to discuss the Annual General Assembly Agenda, set the date and time for the meeting, and address administrative and operational business matters. The meeting is authorized by Mr. Mohamed Seghir, Chief Executive Officer, as of June 25, 2024. A copy of the meeting details has been sent to the Security and Commodities Authority (SCA).